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THV system, final edition

  • #18,041
  • Edited 10:30pm Mar 12, 2010 5:29pm | Edited 10:30pm
Took 2 long trades on EURUSD this morning using the following alerts and P/S/R.
M5 = F-Trix
M15 = Cloud, F-Trix, S-Trix, X-Trix
M60 = F-Trix
Stochastics = M15, 8,3,3 with 20 offset
I am working on a better way to take profit to get more out of these trades. As you can see there is more to be gotten most of the time. The way I trade is to set a TP and SL point and then place the order and let it run. I take a maximum of 2 trades in the same direction. The SL on these 2 trades was set at lowest of last 3 bars, as can be seen by the red mark on the chart. The TP point is the little blue mark. I only trade within the blue area which is 9 GMT to 17 GMT. I am still tweaking these settings to try and make this as mechanical as I can. I have also included a image of the EURUSD trades I have done this week, I believe I posted the charts on most of these previously. These trades were done on a live account with a lot size of .01. The THV system works nicely.
Edit: I believe the one trade not in green I closed out manually as it didn't look to good at the time but still made a few pips on it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD3-12---10-53.jpg Size: 160 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Trades_08_12_10.gif Size: 22 KB
  • #18,042
  • Mar 13, 2010 10:55am Mar 13, 2010 10:55am
It is possible to get MTF simulation working using the Vhands Trading Simulator. Here is how to do it:

1. Install and get familiar with Vhands Trading Simulator. You can follow the posts on how to get started by Blueruby on the Vhands Trading Simulator thread and you should be up and running in about 10 minutes. Or follow the instructions in vTerminal.pdf.

Vhands Trading Simulator thread
http://www.forexfactory.com/showthread.php?t=60849
Posts by blueruby on how to use the simulator
http://www.forexfactory.com/showpost...04&postcount=1
http://www.forexfactory.com/showpost...11&postcount=2
http://www.forexfactory.com/showpost...15&postcount=3
http://www.forexfactory.com/showpost...25&postcount=4
http://www.forexfactory.com/showpost...44&postcount=6
http://www.forexfactory.com/showpost...91&postcount=8
http://www.forexfactory.com/showpost...4&postcount=15
http://www.forexfactory.com/showpost...4&postcount=16
http://www.forexfactory.com/showpost...0&postcount=28


2. Install and setup the MTF vhandstrade version.
http://www.forexfactory.com/showpost...&postcount=233

This version Vhands Trading Simulator uses offline charts to run simulations in multiple time frames. After you have installed and setup MTFvhands you should be able to run simulations in multiple time frames in separate charts. However most MTF indicators will not work. As non-standard time frames are being used, most MTF indicators have to be modified to support them.


3. Modify MTF indicators to work with non-standard time frames and to update correctly:

Since most of the source code for the THV system is not available, you are on your own here. Maybe the proprietors of the code will be kind enough to release versions that work in simulation mode. Here is what needs to be done:

We will be working with offline charts with the following designations:
(Time Frame -> Chart Name) M1 -> M2, M5 -> M6, M15->M16, M30->M31, H1->M61, H4->M240 and so on. Depending on the indicator some or all of the following modifications will be needed:

a. Allow the indicator to accept the non-standard time frames:

Update the ValidateTimeFrame function to include the offline . ++ denotes added line:

int validateInput(int iPeriod) {
bool bReturnValue = FALSE;
switch (iPeriod) {
case 1: bReturnValue = TRUE; break;
++ case 2: bReturnValue = TRUE; break;
case 5: bReturnValue = TRUE; break;
++ case 6: bReturnValue = TRUE; break;
case 15: bReturnValue = TRUE; break;
++ case 16: bReturnValue = TRUE; break;
.
.
.
etc

b. Add the non-standard time frames to the Time Frame to String conversion function. ++ denotes added line:

string tf2txt(int iPeriod)
{
string sPeriod = "unknown";
if (iPeriod == PERIOD_M1) sPeriod = "M1";
++ if (iPeriod == 2) sPeriod = "M2";
if (iPeriod == PERIOD_M5) sPeriod = "M5";
++ if (iPeriod == 6) sPeriod = "M6";
.
.
.
etc

c. Modify the number of bars updated/repainted when the indicator is called.

I have almost no experience programming in mql so this is a quick hack and is not perfect, but it does the job. Maybe someone more experienced has a better solution. It seems some of the indicators do not update enough bars for the higher time frames so we will have to force it to do so.

int start() {
.
.
.
iCountedBars = IndicatorCounted();
++ i = Bars - iCountedBars;
++ if (i<2) i = 10;
.
.
.


To run a simulation for the MTF Trix method in its simplest form, you will need two MTF indicators:
THV4 MTF Cloud
THV4 MTF Trix

THV4 MTF Cloud actually works but cannot update the non-standard text labels. The tf2str function needs to be updated.

THV4 MTF Trix does not work. One needs to modify the validateInput, tf2str and start (bar update/redraw) functions in this case

Cheers!
  • #18,043
  • Mar 13, 2010 11:07am Mar 13, 2010 11:07am
Quoting Xaphod
It is possible to get MTF simulation working using the Vhands Trading Simulator. Here is how to do it:

1. Install and get familiar with Vhands Trading Simulator....


2. Install and setup the MTF vhandstrade version.....

3. Modify MTF indicators to work with non-standard time frames and to update correctly:
...
WOW!!!
  • #18,044
  • Mar 14, 2010 1:47am Mar 14, 2010 1:47am
Hi all,

I was wondering if there is any specific place i can download the following indicators:

THV3 Trix for MTFHisto.mq4
Ichimoku.mq4
thv Ichimoku Cloud histo BarV3.1.1.mq4
thv 2 4 TF Trixhisto BarV3.1.5.3.mq4

I do not find it inicator in v3 zip
Timing
  • #18,045
  • Mar 14, 2010 1:51am Mar 14, 2010 1:51am
Quoting seller9
Took 2 long trades on EURUSD this morning using the following alerts and P/S/R.
M5 = F-Trix
M15 = Cloud, F-Trix, S-Trix, X-Trix
M60 = F-Trix
Stochastics = M15, 8,3,3 with 20 offset
I am working on a better way to take profit to get more out of these trades. As you can see there is more to be gotten most of the time. The way I trade is to set a TP and SL point and then place the order and let it run. I take a maximum of 2 trades in the same direction. The SL on these 2 trades was set at lowest of last 3 bars, as can be seen by the red mark on the...
Thanks Seller - I am doing analysis on entries on 15" after viewing your comments - kindly continue to keep us all informed. Incidentially I am +2GMT (Durban)
  • #18,046
  • Mar 14, 2010 3:07pm Mar 14, 2010 3:07pm
I would like to ask somebody to help me..
im not aprogrammer and its difficult to create my own ea, i read that it takes up to 6 months to learn programming.. and i dont have time for it cuz im only a student at 12th grade..
Im looking forsome1 to help me to create an EA based on MACD, i got great ideas for it but need some 1 to realize it..
would appreciate your help guys.
Pyhton, cheers.
The only barriers in life are only the ones that we create to our self's..
  • #18,047
  • Mar 15, 2010 5:11am Mar 15, 2010 5:11am
Quoting AlgoFX
I have been using the THV system for about six months now, but there is one thing that I am having a problem understanding; in the THV manual, there is an example of divergence (Higher highs, lower highs, lower lower, higher lows). However, I am still trying to understand the exampile in the manual since I don't quite understand the concept, is it referencing the Price action, the TRIX indicator, or both. Would someone please provide some additional clairification on this? Thank you.
I think both. More info about divergence trading here:
http://www.babypips.com/school/diver...eat_sheet.html
Made in Ukraine
  • #18,048
  • Mar 15, 2010 2:59pm Mar 15, 2010 2:59pm
Quoting seller9
Took 2 long trades on EURUSD this morning using the following alerts and P/S/R.
M5 = F-Trix
M15 = Cloud, F-Trix, S-Trix, X-Trix
M60 = F-Trix
Stochastics = M15, 8,3,3 with 20 offset
I am working on a better way to take profit to get more out of these trades. As you can see there is more to be gotten most of the time. The way I trade is to set a TP and SL point and then place the order and let it run. I take a maximum of 2 trades in the same direction.

Great job!
I think these are your latest settings?
Can you share your latest template, looks like it changed a bit
since your last template here

http://www.forexfactory.com/showpost...ostcount=17970

Do you trade EUR/USD only?

Thanks!
Made in Ukraine
  • #18,049
  • Mar 15, 2010 6:49pm Mar 15, 2010 6:49pm
Quoting Badass_UA
Great job!
I think these are your latest settings?
Can you share your latest template, looks like it changed a bit
since your last template here

http://www.forexfactory.com/showpost...ostcount=17970

Do you trade EUR/USD only?

Thanks!
Hi
I am working on some settings for other pairs also. Will post some more the end of the week. The template is still the same, could be a different version of the alert. I will post the latest also at the end of the week.
I also trade the GBPUSD at present with the alerts. I am trading on small live accounts so I can get a better feel for what is happening. I start out with a small demo account then if it looks like I can stay above break even I move to the small live account. After doing this for 6 months I will increase the account size and get serious. This is a slow process and you need to keep your account intact to fight another day.
Good Luck
  • #18,050
  • Mar 16, 2010 12:09am Mar 16, 2010 12:09am
Hello to all the experts here...I'm a beginner of FX and although I've practiced on demo for 1 year now, I still cannot get a grasp of a system that tells me 'this is it'. I tried a lot of indicators, read a lot of ebooks, to no avail. My 1st account has gone bust and just like cobraforex said: why not skip all the other losing methods and learn about THV?

Until now, I come across this THV system, which looks really promising. It doesn't promise as in claiming to be 100% wins like much scams do, but it's willing to give you positive returns provided I follow the rules and system persistently. I also see it is simple and not cluttered unlike other indicators, which is why I'm interested in it since I always wanted a good system that not let provides indicators, but let you have a good view of the price action and pattern so I can know what's going on with the price rather than solely depending on indicators on my trading.

From what I can see, this thread has undergone so many updates to the extent that I'm confused. So, I have this humble request of someone kind enough to link me the latest template, manual, setup and indicators of this system? A thousand thanks in advance!!!
  • #18,051
  • Mar 16, 2010 12:27am Mar 16, 2010 12:27am
Quoting fxeturn
....link me the latest template, manual, setup and indicators of this system? A thousand thanks in advance!!!
Post #1 of this thread.
  • #18,052
  • Mar 16, 2010 1:59am Mar 16, 2010 1:59am
Here's what my MT4 shows with the template and indicators I got from #1 post.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB


How do I interpret it?
1) What does the big number at the top right corner means?

2) Blue cross hull and cloud. I know it mentions the cyan (blue) line, but which is hull and cloud?

3) The bottom RSI indicator, how to interpret it? When the manual says "when both turns green", does it mean both the lines? Or anything to do with the bars? Once in a while, there are those green/red marker-like spots, what are those?

4) I see the word 'coral' on some posts regarding this system. What is the 'coral'? How to use it?

5) From the reference links at #1 post, I read about putting SMA100 and LWMA60 in the chart. Anyone can verify this?

6) Why do I see some screenshots of the system with extra indicators that have little red green boxes lined up at the bottom of the MT4? The template I'm using doesn't show it. Am I missing anything?

Sorry for asking, but this thread is so large even when I use the 'search' function for certain terms, it shows multiple pages of results. I just want to know that I'm following the system in a correct way so that I don't make false assumptions on what this system is or isn't.
  • #18,053
  • Mar 16, 2010 4:02am Mar 16, 2010 4:02am
Quoting fxeturn
Here's what my MT4 shows with the template and indicators I got from #1 post.
Hmm, your template looks strange. Probably, old version of THV.
Go to post #1 and download V4.zip, Manuals and optional.zip and V3.zip just in case
I think the basic template should look something like this:

http://s002.radikal.ru/i200/1003/33/33715c4e481c.jpg

I`ve marked "Coral" with the yellow check signs,
they should not be at the template

You should read the post #1. You can find most of the info there!

If you need help - PM me and I`ll try to help you out
where to get those indicators.

Little green red boxes - it`s MissPips indi called SwissArmyMixedhisto
(something like that). Latest version - V4.11 (I think)
Some info here:

http://www.forexfactory.com/showpost...ostcount=17158

Look for more info earlier at this thread.

Sorry my poor English. Not my first language.
Made in Ukraine
  • #18,054
  • Mar 16, 2010 5:23am Mar 16, 2010 5:23am
Quoting cobraforex
It might come the day but not this year.

I had a tough trading season start not following my own rules due to lack of concentration, that's one of the reasons why I'm not activly posting ATM.

I also almost forgot during the developement of THV that I have a private life with family and friends, all that needs some care.

Anyhow, what I had to say bout THV is said and most discussion is repeating, always take care to follow the rules and be concentrated while scalping.

Trade well folks.
We all know how important it is to have rules/guidelines and to FOLLOW them. THV, or any trading method for that matter, is not a guarantee that profit will follow. You have to always be an active participant in the trading process.

To see that Cobra is human like the rest of us should make us aware of the need to ALWAYS follow the rules. If you don't, Forex will bite you!

I personally appreciate the fact that Cobra made this post. Unlike many forum posters, we always get the truth from Cobra and his followers.

Thank you Cobra.
  • #18,055
  • Mar 16, 2010 5:38am Mar 16, 2010 5:38am
Quoting fxeturn
Hello to all the experts here...I'm a beginner of FX and although I've practiced on demo for 1 year now, I still cannot get a grasp of a system that tells me 'this is it'. I tried a lot of indicators, read a lot of ebooks, to no avail. My 1st account has gone bust and just like cobraforex said: why not skip all the other losing methods and learn about THV?

Until now, I come across this THV system, which looks really promising. It doesn't promise as in claiming to be 100% wins like much scams do, but it's willing to give you positive returns provided...
Hi Fxeturn
Thought my reset of Cobras THV manual may assist you

Good luck,
  • #18,056
  • Mar 16, 2010 5:40am Mar 16, 2010 5:40am
another set up
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 41 KB
  • #18,057
  • Mar 16, 2010 6:31am Mar 16, 2010 6:31am
Hi Badass, thanks for the info.

I have downloaded the v4 templates and there are so many templates inside:
4tf
analyze
basic
candledark
candle
oilgld
scalp off
ff
mtf

Which one to use? Thanks.

@Methven, I don't understand what you mean by manual reset.
  • #18,058
  • Mar 16, 2010 7:57am Mar 16, 2010 7:57am
Hi i am quite a newbie in trading but cobra seems to be giving me a better start in forex. i am still a 60% in this system and i would really love to be discussing my trades real time with people using the same system. i am trading eurusd.
  • #18,059
  • Mar 16, 2010 8:34am Mar 16, 2010 8:34am
to fxeturn:

Yesterday, I just found this system, and I wish to try to work on it. Earlier 1 man here wrote, what for beginning it is better start from a template mtf.


Earlier I never tried work with scalp and worked on 4h with use of ma, mcad and ishi. Now there is a question to those who for a long time works with THV system - how at a template mpf include stocks display (london, NY and etc), as it appearance on ff 4tf ?

p.s. sorry for my english, its not my native =)
  • #18,060
  • Mar 16, 2010 10:51am Mar 16, 2010 10:51am
I'm newbie. My Timezone :GMT+7,Broker:GMT+0,Newday:gmt+0. So could nanyone plz show me how my thv pivot will be? i mean parameter do i have to make any change? thk
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