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THV system, final edition

  • #18,481
  • May 19, 2010 4:19pm May 19, 2010 4:19pm
miss pips;

i understand. you use the rainbow as a supplement to your decision and not to supplant your decision. i went to the first few pages like you instructed but found nothing on the rainbow.

i simply would like to know how to use the rainbow along with any settings within it that i may need to input.

i would like to know what indications i am looking for, what the colors mean, whether or not i can use it on multiple tf's, etc...

more importantly; i wanted to know the difference b/w the different versions that you have created.

again; thank you for being so gratuitous and my sincerest apologies for this.
  • #18,482
  • May 20, 2010 1:35am May 20, 2010 1:35am
I don't trade the rainbow per say - I it as a trend filter for THV trades in addition to the coral. For instructions on how to trade THV (six lights or regular) see the manuals in the Manuals zip file on the first page of the thread. (That explains how to trade THV and to that I add the rainbow as a filter. That is, I trade THV trades but not those in conflict with what the rainbow is saying.). For examples of trades I've done using the rainbow as a trend filter for THV, and explations of the different types I've posted, you can check my old posts.

For information about the rainbow in general you can check the other Rainbow threads at FF. There are no settings to be adjusted in the rainbow. You can choose to use a fast (BemacsRainbow) or a slower (EMAs or LWMAs) version from among the ones that have been posted.

(Side Note: Folks, for these types of (I cant find the info) requests it means one of us - either you or me - has to go back through my old posts looking for the info. Since I've already done the work of developing and posting the info I think it's only fair that you do the work of looking through the posts and I think that's going to be my position from now on. It just makes the thread even longer as I repost and repost answers to questions that have been asked and answered many times. Also latest version requests. The latest versions are in versions found in the latest of my posts).



Quoting samk090905
miss pips;

i understand. you use the rainbow as a supplement to your decision and not to supplant your decision. i went to the first few pages like you instructed but found nothing on the rainbow.

i simply would like to know how to use the rainbow along with any settings within it that i may need to input.

i would like to know what indications i am looking for, what the colors mean, whether or not i can use it on multiple tf's, etc...

more importantly; i wanted to know the difference b/w the different versions that you have created.

again;...
  • #18,483
  • May 20, 2010 3:37am May 20, 2010 3:37am
miss pips;

i completely understand your frustration and for that i apologize. but please understand my perspective. there have been over 720 days of posting, over five thousand posts and almost 1300 pages of these posts.

like cobra forex perhaps you could "centralize" your instructions/settings on the indi's you have uploaded. so next time, im sure i wont be the last, someone asks you any questions you can just tell them to look at post so and so.

i've downloaded your latest file: thank you. but i would still like to know how the rainbow actually works. meaning should it turn a certain color at a certain tf indicating a trend or must it contract or constrict.

what i can do is if you simply tell me the rules i will centralize it for you. if someone asks for it; i will simply tell them to look at post number so and so. this will put the onus on me. what do you say?
  • #18,484
  • Edited 5:39am May 20, 2010 5:04am | Edited 5:39am
I don't know how much more clearly I can put this:

I trade THV trades

The instructions and settings for trading THV trades (regular and 6 point trades) are centralized on page 1.

In addition to the rules and settings on page one I personally now use the rainbow as a trend filter. That is, I eliminate THV trades that are against the rainbow. This is because, since I trade on the 1m timeframe which can get choppy, I find that the coral is too fast as a trend filter and that adding the rainbow as an additional trend filter helps me trade in the direction of bigger picture trend.

In addition, the rainbow also helps me see when price is overextended or has retraced and consolidated and then starts expanding again, so this is another way it helps me filter trades (i.e the better THV trades are just after a trend change or after price has consolidated and starts expanding, the risker ones are when price is far extended from the last consolidation.) For this, I don't think there's any subsitute for screen time - just watching price action expand or contract. (Some people actually learn to see this without the rainbow, but I find it easier to see as the rainbow colors graphically put it.)

This thread discusses THV. If you want more information about the nuances of trading the rainbow itself there are other threads, such as the one by LinuxTroll that discusses it.

In addition I have shared one specific setup - the 1-2-3 THV trade (look for 3 higher highs or lower lows right after the rainbow has flipped and then look for a THV 6 point or regular trade), which you can find by reading my previous posts.

Quoting samk090905
miss pips;

i completely understand your frustration and for that i apologize. but please understand my perspective. there have been over 720 days of posting, over five thousand posts and almost 1300 pages of these posts.

like cobra forex perhaps you could "centralize" your instructions/settings on the indi's you have uploaded. so next time, im sure i wont be the last, someone asks you any questions you can just tell them to look at post so and so.

i've downloaded your latest file: thank you. but i would still like to know how the rainbow...
  • #18,485
  • May 20, 2010 10:25am May 20, 2010 10:25am
Quoting palpo
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 I have a problem 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","...
Hello Misspips, You might help me with this problem. THANK YOU!
  • #18,486
  • May 20, 2010 1:46pm May 20, 2010 1:46pm
You left out a param.

double Varbrown=iCustom(NULL,0,"VarMA_v1[1].2",2,4,8,0,1,0,0);
double Varblue=iCustom(NULL,0,"VarMA_v1[1].2",100,4,8,0,1,0,0);
Comment("Value of MA slowblue is ",DoubleToStr(Varblue,5),"n"," Value of MA brown is ",DoubleToStr(Varbrown,5));



Quoting palpo
Hello Misspips, You might help me with this problem. THANK YOU!
Attached Image (click to enlarge)
Click to Enlarge Name: varma.png Size: 57 KB
  • #18,487
  • May 20, 2010 4:35pm May 20, 2010 4:35pm
miss pips;

i am well aware that you are using the thv system. and i also understand that you use the rainbow to help you decipher the trend. all i was merely asking was how the rainbow actually works. as an example; does it turn red when the trend is down? green when trend up?

should i confirm in all time frames that it is green confirming that it actually is an up trend.

the first page addresses cobraforex's thv systems but not particularly the rainbow.

you dont have to describe it to me; but could you possibly provide a link where i can read about your rainbow indicator?

thank you very much,
  • #18,488
  • May 20, 2010 11:18pm May 20, 2010 11:18pm
Quoting MissPips
This thread discusses THV. If you want more information about the nuances of trading the rainbow itself there are other threads, such as the one by LinuxTroll that discusses it.
+ you can do a forum search for Guppy,Rainbow,and MultipleMovingAverages
  • #18,489
  • Edited 2:29am May 21, 2010 1:46am | Edited 2:29am
The first page doesnt address the rainbow because it is not part of the original THV system. It is an additional filter that I personally use (and that Cobra very kindly allowed me to share, because he realizes that everyone personalizes THV.) Since this is his thread I can't update the first page with any summaries, and since FF only lets you edit a post for 24 hours I can't continuously maintain a page with a summary. So what it boils down to is that either I need to maintain some kind of FAQ which I would need to keep updated and repost it with every new post of mine, or I need to spend time reanswering questions that have already been answered, or I need to spend time going through my old posts and providing people with links to the appropriate ones.

Since I am in the business of trading, not educating I would rather spend my spare time developing things (which I am perfectly happy to share) rather than summarizing and resummarizing information I have already developed. In addition reposting the same stuff over and over gets boring for me, and also for readers who have read the thread, and makes it unnecessarily long.

What I suggest is that if you are interested how I trade THV using the rainbow, go through my old posts about it. For information about the rainbow itself, google

Rainbow LinuxTroll
and
Rainbow Bemac VARMA

Quoting samk090905
miss pips;

i am well aware that you are using the thv system. and i also understand that you use the rainbow to help you decipher the trend. all i was merely asking was how the rainbow actually works. as an example; does it turn red when the trend is down? green when trend up?

should i confirm in all time frames that it is green confirming that it actually is an up trend.

the first page addresses cobraforex's thv systems but not particularly the rainbow.

you dont have to describe it to me; but could you possibly provide a link where i...
  • #18,490
  • May 21, 2010 2:50am May 21, 2010 2:50am
Just to say I started again to make use of THV Hull and T3 from the past editions of the system. And I am happy for using them!!! Feel better for entries/exits....


CHEERSSSSS
Attached Image (click to enlarge)
Click to Enlarge Name: hull and t3 again.jpg Size: 214 KB
  • #18,491
  • May 21, 2010 9:42am May 21, 2010 9:42am
Happy page 1234 to all THV traders!


This is my 123 post!
  • #18,492
  • May 21, 2010 12:34pm May 21, 2010 12:34pm
Quoting samk090905
...
you dont have to describe it to me; but could you possibly provide a link where i can read about your rainbow indicator?...
The Forex Factory forums are well-indexed by Google. If you start your search there I am sure you will find plenty of information. It probably won't be available to you all in one link. Search "misspips rainbow" for instance.
  • #18,493
  • May 22, 2010 11:45am May 22, 2010 11:45am
MissPips - Many thanks for all your hard work. I've been testing SwissArmy v4.21 to confirm entry points. ePeriod=18 has really simplified a process I had to do visually!

My current setup loads the SwissArmy indi 3 times, with different parameters for each instance. Each instance creates an alarm if 3 or more lights are red or green. (Great feature, BTW!)

What I need to do is logically AND those 3 alarms, so that only one alarm WAV is played - sort of a "9-Lights alarm." Put another way, if all 3 indi windows transition into or out of 3+ lights of the same color, the alarm sounds. Right now I'm either glued to the screen or mentally summing three different alarm sounds, when I really need only one sound. I monitor 3 currencies, so I could know which one needs attention with only 3 WAV files, rather than the 9 I listen for now.

Is there a way to combine alarms, perhaps by creating one global variable for a given currency, and have that trigger a "9-lights alarm" WAV? I need this setup only on the M1 chart for each currency.

Ideally, this ANDing function could be a part of the SwissArmy indi, since others might also want to test combinations. If not, I could try and write a small "alarm combiner" program if the variables names were known. I'm far from expert at coding, but this might be worth the work! The other advantage I can see to a separate "combiner" indi is the buffers available to eventually create a red/green/empty histo - summarizing 4 currencies in one indi window. That's a luxury feature, though, in case you are out of the room when a "9 lights" alarm goes off, or want to see trends in number of trading opportunities between different currencies.

Any thoughts appreciated. Many thanks again for your patience and expertise!
  • #18,494
  • May 22, 2010 6:24pm May 22, 2010 6:24pm
Does someone can tell me which Currency pairs are the best for THV V4?

Thanks in advance
  • #18,495
  • May 23, 2010 5:01am May 23, 2010 5:01am
No way that I know of to do this with one indicator because you are limited to 8 buffers per indicator. A ways back in the thread someone wrote an EA alerter with many of the same indicators that the swissArmy histo has, and this EA is not limited to 8 buffers, so you might check out whether it meets your needs, or whether the person who wrote it would be willing to add what you need to it.

Or the other way to do it might be to write a more complicated condtion so that it would all fit into 1 row .

Last time I tried messing with global variables it caused a few peoples MT4s (older editions) to abend, and I had to straighten it out for them, so I'd rather not mess with those any more.

Quoting StilLearning
MissPips - Many thanks for all your hard work. I've been testing SwissArmy v4.21 to confirm entry points. ePeriod=18 has really simplified a process I had to do visually!

My current setup loads the SwissArmy indi 3 times, with different parameters for each instance. Each instance creates an alarm if 3 or more lights are red or green. (Great feature, BTW!)

What I need to do is logically AND those 3 alarms, so that only one alarm WAV is played - sort of a "9-Lights alarm." Put another way, if all 3 indi windows transition into or out of 3+...
  • #18,496
  • May 23, 2010 8:03am May 23, 2010 8:03am
Well the Forex lessons just keep on a-coming!

I was going over my demo trading notes this morning and
another light came on. You really, really, REALLY (did I
mention "really?") must stick to the foundation basics.

Money management is a key element to forex trading success,
and this was made evident when I took a look at my
trading success percentages.

I've been tracking my progress since January of this year,
and my winning trades percentage has been pretty darned
decent. I've had an average in excess of 75 percent over
that time period. However, I had one month with total
negative dollars earned.

The winning percentage that month (April) was about 64 percent,
but I gave up $250 that month. To me, that just shows how
important money management is to the process.

I had a hard stop set waaaaaay away from the trade as an
emergency safety net. The idea was to cancel the trade long
before it reached the stop, but I let the trade run overnight and
the Grim Reaper visited the trade and stopped it for me!

It just goes to illustrate that even though we have some "plan" to
trade with, things can still happen. And without money management,
those things can sting pretty bad!

The market is always changing, and we need to be prepared for the
times those changes appear by instituting as much protection as
we reasonably can.

I've been averaging around 500 pips per month since January, even
with that negative pip month, so I feel as though I'm making progress.

I'm contemplating going live soon to get a taste of what the real thing
is like. I'm sure the similarities of demo trading and live trading will be
different ;-)

Happy Trading Everyone!
  • #18,497
  • May 23, 2010 8:12am May 23, 2010 8:12am
WHAUW, I remember when Cobra emailed me to go watch the first page.
  • #18,498
  • May 23, 2010 10:01am May 23, 2010 10:01am
Quoting StilLearning
MissPips - Many thanks for all your hard work. I've been testing SwissArmy v4.21 to confirm entry points. ePeriod=18 has really simplified a process I had to do visually!

What I need to do is logically AND those 3 alarms, so that only one alarm WAV is played - sort of a "9-Lights alarm." Put another way, if all 3 indi windows transition into or out of 3+ lights of the same color, the alarm sounds. Right now I'm either glued to the screen or mentally summing three different alarm sounds, when I really need only one sound. I monitor 3 currencies,...
I think you need this alert:

http://www.forexfactory.com/showpost...ostcount=18134

http://www.forexfactory.com/showpost...ostcount=18384


Seller9 has made wonderful Alert, exactly what you need.
He also suggests 15M timeframe + some modifications for THV method.
But you can use only His alert. It`s great.
Go check His posts in this thread, they all about the alert.
Made in Ukraine
  • #18,499
  • May 23, 2010 8:07pm May 23, 2010 8:07pm
Miss Pips: Thanks for the response. I checked the other alerts available on this thread, but only yours has the modes and other features that I need.

I was hoping to add simple code to one of my other indis to watch for a few global variables, then trigger the super-alert. A visual indicator is not important. The 3 (per currency) Swiss Army alerts I'm using now are effective: it's just that they create "false positives" that don't need attention until they are all in agreement.

I sure don't want to impose on your time. If you ever consider making a custom tweak like this for hire, please let me know.

Thank you again!


[quote=MissPips;3747368]No way that I know of to do this with one indicator because you are limited to 8 buffers per indicator. A ways back in the thread someone wrote an EA alerter... quote]
  • #18,500
  • Edited 1:24am May 24, 2010 12:57am | Edited 1:24am
Ah, I dont code for hire. I'm working on an EA of my own at the moment so I can backtest an idea I have, but if you want to share your criteria I'll see if it can be coded into a more complicated condition so that it could all fit into one row (that is, put the condition from each of the three first rows of your current setup into one first row of a new etype.) If you do it soon I might be able to do it today since it's a bank holiday which I don't trade
Quoting StilLearning
Miss Pips: Thanks for the response. I checked the other alerts available on this thread, but only yours has the modes and other features that I need....
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