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THV system, final edition

  • #18,461
  • May 17, 2010 2:08pm May 17, 2010 2:08pm
I was reading a document the other day about the
risks involved when trading, and there was a statement
that said:

"the possibility exists that you could sustain a
total loss of all initially deposited margin funds and be
required to deposit additional funds to maintain your
position with the broker."

This makes perfect sense, but the last part of the
statement troubled me a bit.

"If you fail to meet any margin calls within the time
prescribed, your trading position may be liquidated and
you may be responsible for any resulting losses, including
amounts potentially more than your deposit."

Is this saying that if you deposited "x" amount into a
trading account and one of your trades went bad, the
broker can allow the trade to continue negatively in
excess of the amount in your account, and then hold you
responsible for the excess amount?

I didn't think this was possible, but now I'm concerned.

Thanks!
  • #18,462
  • May 17, 2010 4:01pm May 17, 2010 4:01pm
You can be slipped on your entry order, stop loss, and take profit orders. All orders must be matched to an opposing order, or the broker must be willing to carry it at their own rick of loss. So, yes, trading on margin does give you the ability to lose more than is in your account.

If a situation like the "flash crash" occurs, for example, and your SL is at a level (price) where there are no matching orders in the opposite direction, you will be filled at the next closest price; unless they take on the risk themselves.

There is an excellent thread by DarkStar called, "The Structure of Forex Brokers". Read that and you will understand all. The man is a truly insightful human being.

Typically, most FX brokers will guarantee stops and profits on mini accounts; not so many on standard accounts; but you should check with your broker. IF they don't, all the bitching in the world doesn't make them legally responsible to fill you at a given price.

I wouldn't sweat it too much. Choose your broker wisely.

Most marriages have a 1 in 2 chance of succeeding. The trader/broker odds are like, 1 in 1000. You really need to dig deeper than, "I like the way their platform looks" or "they use MT4".

I chose Oanda because they adhere to a trader "Bill of Rights" that coincide with my beliefs...hence...I'm loyal to Oanda. You've got to believe in your broker as much as you do your marriage......hopefully.
Capital Preservation is key to long term wealth accumulation
  • #18,463
  • May 18, 2010 6:39am May 18, 2010 6:39am
Hello MissPips, thank you very much for the explanation.
I have been programming the EA and I have a problem. When I call the VarMA brown (more rapid with period 2) it me works correctly, I obtain the wished value.
But when I try to call the VarMA blue (the slowest period 100), I obtain the same value that VarMA brown.


I proved it with a simple EA:


double Varbrown=iCustom(NULL,0,"VarMA_v1[1].2",2,4,8,0,1,0);
double Varblue=iCustom(NULL,0,"VarMA_v1[1].2",100,4,8,0,1,0);
Comment("Value of MA slowblue is ",DoubleToStr(Varblue,5),"n"," Value of MA brown is ",DoubleToStr(Varbrown,5));
  • #18,464
  • May 18, 2010 8:17am May 18, 2010 8:17am
Quoting MuddBuddha
You can be slipped on your entry order, stop loss, and take profit orders....
Thanks for the reply MuddBuddha. I just wanted to confirm my thoughts on the subject before I take the step to go live.

I will definitely take a look at DarkStar's thread. I welcome any opportunity to add to my Forex trading education.
  • #18,465
  • May 18, 2010 11:08am May 18, 2010 11:08am
Hi, can anyone tell why the market went up instead of movement down (pic attached). I thought I considered all known factors but it didn't work. Maybe I missed something?
Attached Image (click to enlarge)
Click to Enlarge Name: quastion.jpg Size: 96 KB
  • #18,466
  • May 18, 2010 11:47am May 18, 2010 11:47am
Hi guys,

I'm new here and struggling to get the full picture.
THV system...I get it.(I think )
What I miss is an explanation about the 6 lights method (and its evolution to Swiss army histo if I got it right) and Rainbow stuff of Misspips + where to find the indies...I can't find the starting post about that to get the story from the start.
So Misspips, if you can give me a hand...that would be great.

Thanks.
  • #18,467
  • May 18, 2010 3:29pm May 18, 2010 3:29pm
There is an explanation of how to trade using the 6 lights method in the Manuals and Optional zip (Thv MTF).

The only change I personally now make to this method is that I use an additional filter - the rainbow - to filter trades. That is, I view the rainbow as the major trend indicator and the coral as the minor trend indicator and I take 6 point trades only when they both agree on the direction of the trend. I do not take any 6 point trades when the coral says (for example) take long trades (i.e price is above the coral), but the rainbow says take short trades (i.e. the rainbow is flipped to the downside.) My reason for this is that in this situation the long suggested by the coral is a retracement against the major trend, and while it might get you some pips, or might even be the bottom and a trend reversal, odds are you are better waiting for price to reverse back again to the major trend. See below for example of what I mean.
Attached Image (click to enlarge)
Click to Enlarge Name: coral.png Size: 99 KB


The SwissArmy histo is just an improved version of the Trixhisto indicator. For 6 point trades you use it just like the Trix histo. The improvements in it are basically that you can combine other indicators besides the trix in it, and other ways of viewing the trix, like the trix histo, and also get a better alert on any combination of rows. However, you don't need this to trade the 6 point method.

Quoting pipsify
Hi guys,

I'm new here and struggling to get the full picture.
THV system...I get it.(I think )
What I miss is an explanation about the 6 lights method (and its evolution to Swiss army histo if I got it right) and Rainbow stuff of Misspips + where to find the indies...I can't find the starting post about that to get the story from the start.
So Misspips, if you can give me a hand...that would be great.

Thanks.
  • #18,468
  • May 18, 2010 3:59pm May 18, 2010 3:59pm
Quoting MissPips
There is an explanation of how to trade using the 6 lights method in the Manuals and Optional zip (Thv MTF).

The only change I personally now make to this method is that I use an additional filter - the rainbow - to filter trades. That is, I view the rainbow as the major trend indicator and the coral as the minor trend indicator and I take 6 point trades only when they both agree on the direction of the trend. I do not take any 6 point trades when the coral says (for example) take long trades (i.e price is above the coral), but the rainbow says...
Hello Misspips

could you please help why my chart looks different after I use the template "Rainbowanalysis1a", I want to have it same as you .

Thank you, Miss
Attached Image (click to enlarge)
Click to Enlarge Name: sshot-1.jpg Size: 193 KB
  • #18,469
  • May 18, 2010 4:31pm May 18, 2010 4:31pm
Thx Misspips,

last thing, can you point me to the latest release of the 6 point indi and rainbow template ?
  • #18,470
  • May 18, 2010 6:07pm May 18, 2010 6:07pm
Is there any manuals for THV V4?

THX
  • #18,471
  • May 18, 2010 8:42pm May 18, 2010 8:42pm
greetings MissPips;

first time posting(i think) but long time following.

my deepest apologies for asking this question and im sure its been asked ad nauseam. i honestly made a substantial effort to find the instructions but i had no luck. if i didn't have anything else to do besides breathing; i would have delayed my question to you.

could you please point to me the post or link where i can download your rainbow indicator (latest one) along with its instructions?

more importantly; can it be used independent of any other indicator or will it work better if another indicator is "confirming" the rainbow: could you please point to where i may find this "other" indi along with instructions as well.

thank you,
  • #18,472
  • May 19, 2010 5:57am May 19, 2010 5:57am
Helo there MissPips , did you still remember the THV V2 system? there is an indicator named THV Sonic Slope..i believe this indicator have potential, can you make MTF to this indicator? giving it to have 2 or 3 set of time frame would be great..like the THV MTF Cloud Histo indicator..sory for asking this, i dont have programming knowledge..btw many thanks to all of your great works
  • #18,473
  • May 19, 2010 6:57am May 19, 2010 6:57am
[quote = RUNGO; 3735550] Is there any manuals for THV V4?


THX [/ quote]


If you go to first page you should find it, there are downloads
  • #18,474
  • May 19, 2010 11:21am May 19, 2010 11:21am
You can use the one posted here if you want one that looks more like the one I just posted (I'm still working on the colors of that one and haven't posted it yet:
http://www.forexfactory.com/showpost...ostcount=17341

The one in this post uses VARMA, an idea developed by Bemac. However, the one in your post is also fine, just a bit slower than using the VARMA, which if you are just starting to use the rainbow is not necessarily a bad thing.

Quoting jankosvk
Hello Misspips

could you please help why my chart looks different after I use the template "Rainbowanalysis1a", I want to have it same as you .

Thank you, Miss
  • #18,475
  • May 19, 2010 11:28am May 19, 2010 11:28am
The lastest version that I have released for the rainbow is here:
http://www.forexfactory.com/showpost...ostcount=17341

That is a fast version and a slower version is here
http://www.forexfactory.com/showpost...ostcount=13856

The lastest version of the MTF histo is here
http://www.forexfactory.com/showthre...7271&page=1228,
and if you haven't downloaded it previously then you need
to download the helper files that it uses from here

http://www.forexfactory.com/showthre...74#post3375274

Quoting pipsify
Thx Misspips,

last thing, can you point me to the latest release of the 6 point indi and rainbow template ?
  • #18,476
  • May 19, 2010 11:35am May 19, 2010 11:35am
See my post above for links to posts of the rainbow. Please note that I don't trade the rainbow per say. I use it as a trend filter in addition to the coral.

Since I trade the one minute chart, I find it keeps me aware of the bigger picture of which way the trend is better than the coral on the one minute chart

The instructions for using the rainbow with THV are the same as the instructions for using THV, which you can find on page 1, except I eliminate any trades that dont also agree with the direction of the rainbow.


If you are interested in trading the rainbow by itself (and a lot of people do trade it that way, but I find it works best with THV giving the signals when to enter) try googling LinuxTroll or rainbow at FF.
Quoting samk090905
greetings MissPips;

first time posting(i think) but long time following.

my deepest apologies for asking this question and im sure its been asked ad nauseam. i honestly made a substantial effort to find the instructions but i had no luck. if i didn't have anything else to do besides breathing; i would have delayed my question to you.

could you please point to me the post or link where i can download your rainbow indicator (latest one) along with its instructions?

more importantly; can it be used independent of any other indicator or will...
  • #18,477
  • May 19, 2010 11:40am May 19, 2010 11:40am
Sorry I'm working on something else right now. Maybe later...

Quoting V_p
Helo there MissPips , did you still remember the THV V2 system? there is an indicator named THV Sonic Slope..i believe this indicator have potential, can you make MTF to this indicator? giving it to have 2 or 3 set of time frame would be great..like the THV MTF Cloud Histo indicator..sory for asking this, i dont have programming knowledge..btw many thanks to all of your great works
  • #18,478
  • May 19, 2010 12:28pm May 19, 2010 12:28pm
Thanks Misspips
  • #18,479
  • May 19, 2010 1:26pm May 19, 2010 1:26pm
MissPips, thanks for everything you do for this thread.
People keep asking the same questions every page
and you keep answering again, and again, and again...

Can you have a look at the picture below?
This trade did work out (+15 pips)
What I don`t like is
1. Trix cross is below zero.
2. Entry point is far from coral (about 30 pips).
What do you think? Would you take this trade?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.JPG Size: 189 KB
Made in Ukraine
  • #18,480
  • Edited 3:40pm May 19, 2010 3:28pm | Edited 3:40pm
You're welcome!
Re the repetitive questions: Yes, I know, and it does make the thread even longer, but I dont like to be rude and not answer.
Re the trade. I would have (except I was on holiday today), but the 6 pt entry was a couple of bars earlier like this:

Attached Image (click to enlarge)
Click to Enlarge Name: rightplace.png Size: 89 KB


Also another point is that when you see one of those flat surfaces on the rainbow, like you have in this case just before the trade, and price can't break above it (or below it for a short) - it's an additional confirmation that the trend has changed and we should be looking for a short trade.

I've improved the rainbow again so that it's easier to see the flip. Now you can it see changes from red and gold to blue and green when the MAs flip. Templates and indies attached. Also note in the attached picture an interesting situation of a llat surface in uptrend that price cant break above, and that is also completely unsupported by the MAs. You don't see this very often, but this is some of the information that this rainbow can give you about the trend strength that the others don't. When you see it, get ready look out below!

Attached Image (click to enlarge)
Click to Enlarge Name: improved rainbow.png Size: 92 KB


Quoting Badass_UA
MissPips, thanks for everything you do for this thread.
People keep asking the same questions every page
and you keep answering again, and again, and again...

Can you have a look at the picture below?
This trade did work out (+15 pips)
What I don`t like is
1. Trix cross is below zero.
2. Entry point is far from coral (about 30 pips).
What do you think? Would you take this trade?
Thanks.
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