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THV system, final edition

  • #19,341
  • Jul 29, 2010 9:38am Jul 29, 2010 9:38am
Quoting sed34
Two trades today. Both stopped out. So since I've changed strategies there have been 3 wins and 2 losses. So I went nowhere.

Attachment

I've checked other currency pairs and see great prospects....
What is your SL that you are using?
  • #19,342
  • Jul 29, 2010 9:40am Jul 29, 2010 9:40am
Quoting Jonny473
Hi sed thanks for the reply...I just finished going to most of the 1200 sites in this threads over the last 2 weeks and now you are saying MTF is the better system?
Do you mean the system by Indrek with MTF...why people here use MTF now?And why do you still THV if MTF has a higher rate of success?
Sorry for the noob questions..could have posted another Short entry and got stopped out again even most of the signals worked for the postion....
Ok I could argue that I should have watched for important SR lines...but honestly if you always watch out...
MTF(Multi-Time-Frame) gives you an entry setup that reduces drawdown and have a higher hit rate. You can still use the original system, but the focus have shifted to this variation, because of a high hit rate. I'm not talking about Indrek system. Look at the first page. It is all there. And no system is 100%, but that doesn't stop me from trying.
  • #19,343
  • Jul 29, 2010 9:48am Jul 29, 2010 9:48am
Prompt please, what minimum stop to use for М5? Or it such as well as on М1?
  • #19,344
  • Jul 29, 2010 9:49am Jul 29, 2010 9:49am
Quoting Tread
What is your SL that you are using?
The same. Its just with the U/J and the E/G are not very volatile pairs so it take longer for the tp to hit. The E/J has much more entry signals and the tp is usually hit in the first 1-3 candles. I look at the atr and if its like 20-25 pips i'll stay on the sideline. But that's with any pair.
  • #19,345
  • Jul 29, 2010 10:02am Jul 29, 2010 10:02am
Some trades from the E/J today

http://img827.imageshack.us/img827/4...1007291253.png

Higher Quality Pic - http://img838.imageshack.us/img838/9...0072912531.png
  • #19,346
  • Jul 29, 2010 10:14am Jul 29, 2010 10:14am
Quoting sed34
Two trades today. Both stopped out. So since I've changed strategies there have been 3 wins and 2 losses. So I went nowhere.
..... Time to change my sig.
Sed, I don't want to critisize your switch, but remember, that cobraforex was mentioning only trading the eurusd. You have a small spread and good volume, maybe more volatility last weeks. So - maybe a good idea to try to analyze the trades.

josch
trading is war - life is simple
  • #19,347
  • Jul 29, 2010 10:53am Jul 29, 2010 10:53am
one of 5winners +72 today
Attached Image (click to enlarge)
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  • #19,348
  • Jul 29, 2010 11:01am Jul 29, 2010 11:01am
Quoting josch
Sed, I don't want to critisize your switch, but remember, that cobraforex was mentioning only trading the eurusd. You have a small spread and good volume, maybe more volatility last weeks. So - maybe a good idea to try to analyze the trades.

josch
The system was developed on the EURUSD, however it works quite well on other pairs, it is up to the Trader to optimise inputs

http://img507.imageshack.us/img507/3...1007291328.png


CADCHF M5 Chart above today, made some good pips 138 using the THV on that single trade. High quality pic here

It has been my experience that you need to take this method and adapt it to your style of trading. Also get to know the indicators inside out, what they indicate, how they calculate, explore every nuance, it helps alot.

Once you are not using real cash explore and adapt until you find a pair that works.
  • #19,349
  • Jul 29, 2010 11:03am Jul 29, 2010 11:03am
Quoting maximus60
send me please this indicator, if you can sure
here is.
Attached File(s)
File Type: mq4 THV4 FFCal.mq4   51 KB | 740 downloads
  • #19,350
  • Jul 29, 2010 3:39pm Jul 29, 2010 3:39pm
ok. first time trading this new pair was a hit. I see promise. And the spread was higher than it normally is.

Trading log July 29, 2010
5:30 pm US time

win:1
loss:0

Attached Image (click to enlarge)
Click to Enlarge Name: targets.gif Size: 41 KB
  • #19,351
  • Jul 29, 2010 4:09pm Jul 29, 2010 4:09pm
Quoting josch
Sed, I don't want to critisize your switch, but remember, that cobraforex was mentioning only trading the eurusd. You have a small spread and good volume, maybe more volatility last weeks. So - maybe a good idea to try to analyze the trades.

josch
He has traded other pairs also. So has many others.
  • #19,352
  • Jul 29, 2010 5:28pm Jul 29, 2010 5:28pm
2nd trade. tp was hit on the second candle. real quick!!!

Trading log
July 29, 2010 7:30 pm US time

Win:2
Loss:0

Attached Image (click to enlarge)
Click to Enlarge Name: targets.gif Size: 42 KB
  • #19,353
  • Jul 29, 2010 9:22pm Jul 29, 2010 9:22pm
3rd trade. hit the tp

trade log July 29, 2010. 11:22pm US time

win:3
loss:0

Attached Image (click to enlarge)
Click to Enlarge Name: targets.gif Size: 41 KB
  • #19,354
  • Jul 29, 2010 11:34pm Jul 29, 2010 11:34pm
MissPips,

You are totally right and kindly think of the following

I am going to use the new Indie with the wild pairs like GBP/JPY & GBP/USD(sometimes) ... taking the advantage of the time between the bar open and bar close to increase the probabilities of catching the wild moves. (Usually we use the "bar close" to be more assured, and to have stronger confirmation of the change)

I've learned this through lots of back testings on this two pairs and I am thinking of sticking to it for some time as it proves good results in the back testing (I was using HA EA that triggers on "open bar" instead of "close bar").

We need to consider the very first tick in the new bar, if it happened with new color than the first tick of the previous bar then we get a sound alert.

I'll be very keen to use it and keep you updated.
Please give me the chance to do it.


Thank you & Cheers,

Quoting MissPips
Hi Al Agha,

You're welcome. I don't think I understand what you are asking here. What the indie does is at the very beginning of each new bar it checks the previous bar and sees if it was red or green and alerts if there was a change in the trend from one to the other. If it were to check at the beginning of a bar whether that bar was red or green there would be no meaning to that because it would be based on the first tick of the bar only and that could change back and forth many times during the course of the minute.
Depict history, predict future, and the area in between ...
  • #19,355
  • Jul 29, 2010 11:58pm Jul 29, 2010 11:58pm
Break out!
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  • #19,356
  • Jul 30, 2010 12:06am Jul 30, 2010 12:06am
Triangle on Eur/JPY
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  • #19,357
  • Edited 2:25am Jul 30, 2010 12:30am | Edited 2:25am
Quoting ricmi
very good example of perfect setup on the higher TFs
Thank you for screenshot

I saw here many screenshots about entry & exit point, but i think that is also important to learn how to analize higher timeframes, how to analyze a chart, how to integrate and use other tools like fibo, patterns, trendlines...
I hope to see also this type of analyze.

Thank you... and many pips..

PS. BTW Here I saw a breakout. What indicator is in the bottom? I know it, but i don't remember.
I'm trying to create a template for analyze higher timeframes.
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  • #19,358
  • Jul 30, 2010 2:46am Jul 30, 2010 2:46am
This setup is worth the wait.
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  • #19,359
  • Jul 30, 2010 2:57am Jul 30, 2010 2:57am
Triangle GBP/USD
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  • #19,360
  • Jul 30, 2010 4:19am Jul 30, 2010 4:19am
Quoting sed34
2nd trade. tp was hit on the second candle. real quick!!!

Trading log
July 29, 2010 7:30 pm US time

Win:2
Loss:0

Attachment
Dude! very good job, i want to become a trader like you are, can i have your templete please? and what indis i need to have multiple trix avobe, thank you and have a good one
passion and discipline
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