THV MTF EA beta testing

Yup, Forex-test got it correct, from page 7 of the manual:-

Quote

Disliked

"CandleTimeFrame: Only one order per direction can be opened during a candle. By setting the candle timeframe we indirectly define the time till the next order. 0 means the chart timeframe and we can set the timeframe name as shown in the Periodicity toolbar of Metatrader 4"

So while the EA may be on the H4 Chart, if you have CandleTimeFrame = H1 then you are telling the EA to open up to 4 trades per candle

Tread, thanks for your confirmation and thanks again to Forex-test for spotting it.

good work,but ned more adjustements.

With regard to my previous posts above about the number of trades per candle, unfortunately I have to say that "Candle Time Frame" does not work in the way suggested, I have come to this conclusion by observation of a H4 chart. My entries and exits are indicator based using 2210, which means the indicator is used for entry and exit with an unclosed candle, a fresh signal is not necessary and using the current timeframe for the indicator. I have tried setting Candle Time Frame to "M5" which it is suggested should permit a possible 48 trades per H4 candle (240 divided by 5), this does not happen, the EA waits until the opening of the next 4 hour candle before initiating a trade. Could the EA be modified in any way to allow multiple trades per candle?

I am not in front of the computer with the coding right now. Could you run a backtest and let me know?

A workaround for now is to use the M5 Chart, but set the fourth digit to specify H4 entry criteria.

e.g you have a code "2210"

Change this to 221H4 and use the M5 Chart.

.

Hi Tread, thanks for that, let me try the workaround for now and I'll let you know how it goes. If it works OK I'm more than happy to use that method permanently.

Hi,

I'm trying to test THV EA V1.11 . My broker uses 5 digits. No matter what I use for Stoploss or Takeprofit, the EA always use 2.2pips Stoploss ans 1.0pip Takeprofit. ......Any idea?

Thanks.

Hi momods

Please post your set file and what broker are u using?

Hello,

Thanks to the development team for the work on this amazing EA. I have been trying many settings on various timeframes for the last 3 weeks both back and forward testing and have yet to find anything that yeilds consistant profit. Has anyone had any luck with settings for this EA that are working for them?

thanks in advance.

Shmoo

A set file was posted recently (just search somewhere after page 168). I have found the best performance has been when the market was trending and volatility was up.

Start with that as a base and use the time to trade to adjust be best market hours.


Start with low spread pairs and check (historical) for the best trading times (trending). I have been been seeing good results on Asian Session into early morning New York

not bad,but need more improvement.

My broker is MB Trading (ECN). I used default settings but with visibleSL. When I enable VisibleSL, the EA always uses 2pips SL and 1pip TP regardless of my SL/TP selection.

Regards.

Working on it.....should have some interesting features at the end of this month.

instead of 20 SL and 10TP try 200SL and 100TP. Let me know if this works and I check out the code

SL and TP in my set file are default 50 and 30. I tried 500, 5000 for SL and TP but the EA always uses 2pips SL and 1pip TP (when visibleSL is enabled).

See a recompiled version attached.

Also, just to confirm, you are running the system with no changes made to any of the parameters?

Also what version of MT4 are you running?

http://img227.imageshack.us/img227/6...1007132344.png

Tread, the workaround that you gave me in post #2685 works perfectly, really it's just as good as setting the Candle Time Frame parameter. It may be a good idea to include a short note in the next edition of the user guide regarding this method of working for members who wish to use higher time frames.

do you have any good settings or ideas for 1H timeframe ?
TP SL settings ?
with basic setings sl 50 tp 30 from
07.07.2010 to 14.07.2010 on 1h charts
4 pairs EURUSD USDCHF GBPUSD USDJPY
4 loosing trades (3x usdchf 1x eurusd)
19 winning trades (7x usdjpy, 7x gbpusd)

but im looking for some wider SL TP settings.

any ideas ?

I can suggest using the ATR Multiplier StopLoss and the TakeProfit Multiplier. At the time of entry, StopLoss and Profit is calculated based on Market Volatility.

This way you can be a little more dynamic.

http://img686.imageshack.us/img686/3...1007141646.png


Set the type to "1" and the values enter under StopLoss and TakeProfit1 now becomes a multiplier of the ATR value.

When using this method, typical I use:-
TakeProfit1 = 3
StopLoss = 2
StopLossType = 1
TakeProfitType1 = 1

Your welcome,

Just some suggestion , when I tested this, I also incorporated elements of the M1 chart for the simple reason, if i am entering the market I want it to immediately move in the direction of my trade.

Since M1 is the lowest (so far) I use the fast trix on M1 also as a criteria for entry.

MissPips from the THV Thread had developed the MTF 6 lights method, one of the tenants is that M1 Fast and M5 Fast should always be green/red in the direction of the trade. For more download the Manuals and Optional file from the first page of that thread