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THV system, final edition

  • #18,421
  • May 10, 2010 4:02pm May 10, 2010 4:02pm
Quoting Bethel
Good evening fellow traders,
i will like to ask how do i go about downloading the application? i have downloaded many files,....
You do have MetaTrader software, right?
  • #18,422
  • May 10, 2010 9:32pm May 10, 2010 9:32pm
yup, thank you i have the software and i already ran the V4 application, i also downloaded the 4 zip files, so many of them that i dunno which one and how to start, but tentatively, besides what i mentioned i did, i also ran the application.

Though i downloaded V3 which is one of the files, but i did not use it at all, is that ok? the instructions given were to read v3 manual which is under the file "manuals and options" so i did not see which part of the V3 file i could use.

Is there anything else i need to do? thank you and appreciate your reply,
  • #18,423
  • May 10, 2010 11:00pm May 10, 2010 11:00pm
Good afternoon fellow traders, i realise that im far too inadequate to understand the system indicators, such as the tzpivots, whats coral,and how to use them, seems like there r many indicators, are there books which can help me? really hope to learn about this sys from someone patient...thank you for reading this thread.
  • #18,424
  • May 10, 2010 11:07pm May 10, 2010 11:07pm
this is my chart, is it correct? did i upload right? thank you all for helping me out

cheers,
Bethel
  • #18,425
  • May 10, 2010 11:10pm May 10, 2010 11:10pm
my chart
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 83 KB
  • #18,426
  • May 11, 2010 12:36am May 11, 2010 12:36am
I'm willing to help but I'm still a newbie too i'm afraid I'm wrong...

Maybe the master can help...
  • #18,427
  • Edited 3:37am May 11, 2010 12:48am | Edited 3:37am
You're welcome!
Here is a post with the rainbow template.
I only trade the 1m EurUSD. I do watch the other timeframes for chart patterns though so if I see a 123 on a higher tf I'll take that into consideration.

Edit : OOPS forgot the post
http://www.forexfactory.com/showpost...ostcount=17341

Quoting MajorHunter
Dear Miss Pips :-)

Thank you for your time replying to my questions - and most of all for have developed this variant of the THV which is a good addition to my swing trading. I try to read as much as I can out of manual and thread before asking, and I appreciate very much the groups quick response time.

1. The Rainbow template. I have tried to search for it, but I found several posts with warm review of the template, but not the template itself. Could you or other members please direct me to the last version?

2. The 123 pattern. Do you look...
  • #18,428
  • May 11, 2010 12:50am May 11, 2010 12:50am
Fellow traders.

I am a proffesional trader, but not been into much scalping since my core trading is based on swing trading.

As I have stated before I am looking for a short term system for intraday moves as a system for the time beetween the swing setups and to make even more volume in my trading that is for some of my clients a goal itself.

My swing setups are taken only at the minimum of 1:3 setups with partial exit with 1/3 of postiion at 1:2 and move to breakeven.

This setup, especially the MTF with 15 pips stop loss and 10 pips target is that not somehting you guys experience a challenge with regarding the RR ratio. The win/loss ratio must be very high to be a consistentently profitably trader in this methodology. I am not sure what the RR is with the standard THV system as it is not a fixed pip target like there is in MTF.

I would appreciate some of your experience on that from the experienced traders that have used the system for some time.
  • #18,429
  • May 11, 2010 2:06am May 11, 2010 2:06am
hi miss pips, will you help me pls?
  • #18,430
  • May 11, 2010 3:41am May 11, 2010 3:41am
Hey again Miss Pips

Thanks for your repond. I think you might forgot the actual reference to post or file with the rainbow ?

Quoting MissPips
You're welcome!
Here is a post with the rainbow template.
I only trade the 1m EurUSD. I do watch the other timeframes for chart patterns though so if I see a 123 on a higher tf I'll take that into consideration.

Edit : OOPS forgot the post
http://www.forexfactory.com/showpost...ostcount=17341
  • #18,431
  • Edited 9:45am May 11, 2010 5:03am | Edited 9:45am
Hi MajorHunter,

I developed the MTF 6 point system last winter-spring (2009) . I forward tested it (Demo) for about 3 months and posted screenshots of all the trades on Cobras web site before it was approved for release. Testing was on the EURUSD pair 1m chart only, from about the 7am my time (GMT+3 currently) to the London close (6 pm or 7pm my time depending on daylight savings). No trades allowed 30 mins before or after red or orange colored Euro news. No trades allowed when divergence showing against the trade or conflicting divergences. All divergence trades taken. My results were between 65% (on very choppy days to 85% (on very trending days). (Results may vary as they say with all the diet programs because it depends a lot on if you correctly identify the places where divergence is going to make the trade go against you.)


On average I believe about 75%. (The PC where I had the screenshots from those tests bit the dust.) However, other traders have PMed me that they have gotten similar results.

THe stops and targets for this method, as I have confessed several times were a result of my own limitations as a trader - that I didn't have enough patience to stick with a trade. You will certainly do better if you use multiple lots and stick with the winners.

Trading all the entries is grueling believe me because among other things you have to watch out for divergence froming on the 1m and 5m timeframes to warn you off bad trades. You can't just rely on the trix to tell notify you - you need to watch for it. Now that I am trading live money not demo I don't trade all of the 6 point entries. I just look for the really good ones (i.e the ones with the rainbow, and earlier in the trend or coming out of an area where price has compressed and where the signal has been triggerd by a nice steady move and not a violent one bar move.) The really good ones also usually don't go against you much.

A nice setup is to wait for the rainbow to flip, then count to see if you have three higher highs and higher lows (or vice versa) and then take the next 6 point setup or trix cross, whichever comes first (often it will be a 6 point first). For this trade you can ignore conflicting divergence because entry is early in the trend, but you need to leave 10 pips of room between the trade and major resistance like a pivot and you need the higher highs/lower lows to occur after the rainbow has flipped and the colors are in order where each peak/low occurs This trade is usually worth sticking with.

Another trade I like is a retry where price has tried to crack some point, failed, retraces and compresses and then slowly starts back for another retry. A 6 point signal that includes a recent signal from the 5m fast trix will usually get you in at a good point.

Quoting MajorHunter
Fellow traders.

I am a proffesional trader, but not been into much scalping since my core trading is based on swing trading.

As I have stated before I am looking for a short term system for intraday moves as a system for the time beetween the swing setups and to make even more volume in my trading that is for some of my clients a goal itself.

My swing setups are taken only at the minimum of 1:3 setups with partial exit with 1/3 of postiion at 1:2 and move to breakeven.

This setup, especially the MTF with 15 pips stop loss and 10 pips target...
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 109 KB
  • #18,432
  • May 11, 2010 5:18am May 11, 2010 5:18am
Yes, I edited the post - you can see the link in your quoted post.

Quoting MajorHunter
Hey again Miss Pips


Thanks for your repond. I think you might forgot the actual reference to post or file with the rainbow ?
  • #18,433
  • May 11, 2010 5:31am May 11, 2010 5:31am
What is your question? (I don't use the regular THV templates - either V4 or V3 so I can't help you with which one to use.)
Quoting Bethel
hi miss pips, will you help me pls?
  • #18,434
  • May 11, 2010 12:46pm May 11, 2010 12:46pm
hi ms pips, you dun use regular thv? oh..ic, hmmm, do you know if there is anyone who can help me with it? its the most basic for me if i want to start learning this wonderful system right? cobra added 4 diff files, like i mentioned in previous posts, so im abit confuse as to wad to do actually...i listed what i did, dunno if its right...really hope to learn from ppl who use this thv

thank you for reading
  • #18,435
  • May 11, 2010 1:54pm May 11, 2010 1:54pm
Bethel,

I would start with the manual of the system on the first page of this thread. It's in .pdf form.

You can also find information on this system on Cobra's website, cobraforex.com

Those are the two sources I used when I installed the system initially.
Capital Preservation is key to long term wealth accumulation
  • #18,436
  • May 11, 2010 3:02pm May 11, 2010 3:02pm
i just installed the v4 system, but what template should i use, there are so many? i now click the 1 thv4 ff 4tf.
and is it possible to change the color? now its like black/red, but i want the background plain black. when i change in the options, it just turn back to original color?
  • #18,437
  • May 11, 2010 3:38pm May 11, 2010 3:38pm
Quoting MuddBuddha
Bethel,

I would start with the manual of the system on the first page of this thread. It's in .pdf form.

You can also find information on this system on Cobra's website, cobraforex.com

Those are the two sources I used when I installed the system initially.
thank you, take care
  • #18,438
  • Edited 1:14am May 12, 2010 12:43am | Edited 1:14am
Ah, no, I dont use V4 because I cant see well using the black background. I use V3, to which I haved added the 6 lights histos (I mainly trade the 6 lights method) and a rainbow as a trend filter. ( I view the rainbow as the major trend and the coral as the minor trend, you might say, and I prefer to trade when they both agree. V3 and V4 are essentially the same - just more cosmetics have been added but the trading method remains the same. You can start with V3 regular template and just read the manual for V3 on the first page. After you understand that then you can try V4 or the MTF 6 light method (by then you will recognize what you are looking at.)

Quoting Bethel
hi ms pips, you dun use regular thv? oh..ic, hmmm, do you know if there is anyone who can help me with it? its the most basic for me if i want to start learning this wonderful system right? cobra added 4 diff files, like i mentioned in previous posts, so im abit confuse as to wad to do actually...i listed what i did, dunno if its right...really hope to learn from ppl who use this thv

thank you for reading
  • #18,439
  • May 12, 2010 6:22am May 12, 2010 6:22am
Quoting MissPips
Ah, no, I dont use V4 because I cant see well using the black background. I use V3, to which I haved added the 6 lights histos (I mainly trade the 6 lights method) and a rainbow as a trend filter. ( I view the rainbow as the major trend and the coral as the minor trend, you might say, and I prefer to trade when they both agree. V3 and V4 are essentially the same - just more cosmetics have been added but the trading method remains the same. You can start with V3 regular template and just read the manual for V3 on the first page. After you understand...
Thank you very much ms pips
  • #18,440
  • May 12, 2010 9:05am May 12, 2010 9:05am
hello fellow traders, i have a question i hope you can help me, im using v3 now, but the manual and my template slightly different in terms of the custom indicator, mine has THV 3 Trix v4.01 div, but on manual it does not have the div, does it make a diff?

thank you for reading and replying.
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