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THV system, final edition

  • #19,361
  • Edited 7:38am Jul 30, 2010 7:27am | Edited 7:38am
Quoting rohule
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
The whole system incl. tpl and indicators / EAs are shared at beginning of the thread. If you meant multiple trix at bottom of chart, those are made by stratman (thv group member), look at FF thread pipware or pipware.com

josch
trading is war - life is simple
  • #19,362
  • Jul 30, 2010 7:52am Jul 30, 2010 7:52am
Hi Al Agha,

Yes, I see what you mean now and you are quite right. I've modified the indicator so you can choose if you want an alertonclosedbaronly. If true then it works as before. If false then it notifies you when there is a change in the HA candle color whenever it happens.

Now this means that on some bars you will be notified at the beginning and then may get a few more notifications on the same bar as it changes color a few times before it picks a direction. This isnt so bad because usually the HA candles hold the same color for quite a few bars and when you get one bar that makes a lot of noise it's warning you that something is up
Quoting Al-Agha
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...
Attached File(s)
File Type: mq4 ToggleRegandHACandlesshiftv7.mq4   12 KB | 588 downloads
File Type: ex4 ToggleRegandHACandlesshiftv7.ex4   11 KB | 468 downloads
  • #19,363
  • Jul 30, 2010 7:54am Jul 30, 2010 7:54am
Can anyone please explain the difference between default candlesticks and HA candles? Why HA is preferrable? Couldn't find that info in manual.
Thanks!
  • #19,364
  • Jul 30, 2010 8:29am Jul 30, 2010 8:29am
http://lmgtfy.com/?q=heiken+aishi

Quoting Ayar
Can anyone please explain the difference between default candlesticks and HA candles? Why HA is preferrable? Couldn't find that info in manual.
Thanks!
  • #19,365
  • Jul 30, 2010 9:28am Jul 30, 2010 9:28am
nice trade 3 trixes in red, thv rules and bearish triangle
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passion and discipline
  • #19,366
  • Jul 30, 2010 9:32am Jul 30, 2010 9:32am
another one, thise time in ej.
Attached Image
passion and discipline
  • #19,367
  • Jul 30, 2010 9:48am Jul 30, 2010 9:48am
Nice moves on AUDCHF - 56 Pips an counting on this trade

http://img843.imageshack.us/img843/8...0073010401.png

High quality pic here
  • #19,368
  • Jul 30, 2010 10:00am Jul 30, 2010 10:00am
Quoting sed34
He has traded other pairs also. So has many others.
Yep, I'm trading 3 pairs but mainly the E/U, just take care that you have low spread, no more than max 3 points in scalping, otherwise you'll work for your broker only.
  • #19,369
  • Jul 30, 2010 10:18am Jul 30, 2010 10:18am
Quoting Monmak
If we can find all solution, and create perfect system then everyone will be good trader with no trading skill.
You can’t archive that.

If someone doesn’t have skills than he won't be good in that job, no matter what it is.

But that’s not all, you have to train your skills with the time and another important point is the self control.

There is a huge portion of psychology in this work. You will note that when you take a trade and 1 min later you say: OMG why I did do that?

Patience is another key to success, if you manage to take only AAA trades (they depend on your trading system, with other words your rules) you are on the sunny side of the river.

I’m more than 4 years in this and still make stupid, I mean really stupid mistakes.
  • #19,370
  • Jul 30, 2010 10:30am Jul 30, 2010 10:30am
Guess what was the best deal today on this analyze candle chart in combination with Bemac's ICCE.

Watch the retest of the green lower channel line.
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  • #19,371
  • Jul 30, 2010 10:39am Jul 30, 2010 10:39am
Quoting cobraforex
Yep, I'm trading 3 pairs but mainly the E/U, just take care that you have low spread, no more than max 3 points in scalping, otherwise you'll work for your broker only.
oh yes. I'm trading with oanda and fxcm active trader. Both have very good spreads. The charts that I post is the ibfx demo account for charting purposes and entry signals.
  • #19,372
  • Jul 30, 2010 10:44am Jul 30, 2010 10:44am
Quoting sed34
oh yes. I'm trading with oanda and fxcm active trader. Both have very good spreads. The charts that I post is the ibfx demo account for charting purposes and entry signals.
You are a very good example how to develop trading skills Sed, you was very inpatient in the beginning but the fact that you are still here and showing up with reasonable charts and explanations means that you learned the lesson.

I think it’s time for a first vouch.
  • #19,373
  • Jul 30, 2010 11:09am Jul 30, 2010 11:09am
Quoting Tread
Nice moves on AUDCHF - 56 Pips an counting on this trade

http://img843.imageshack.us/img843/8...0073010401.png

High quality pic here

Hi can you please go into detail how to calculate the exit. Thank you!
  • #19,374
  • Jul 30, 2010 11:35am Jul 30, 2010 11:35am
Quoting cobraforex
You are a very good example how to develop trading skills Sed, you was very inpatient in the beginning but the fact that you are still here and showing up with reasonable charts and explanations means that you learned the lesson.

I think it’s time for a first vouch.
Thank you. It is very much appreciated. I came a long way from my micro account earlier.

Thanks again.

tp hit.

Trade log. July 30, 2010 11:30am US time

win:4
loss:0

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  • #19,375
  • Jul 30, 2010 1:47pm Jul 30, 2010 1:47pm
After a few weeks of trading, I finally made my first "perfect" day with using only THV system.

I'M saying perfect because I always had problems before by not following the exact rules. Today, I tried to trust the THV principal and I had a few hadr moments but my TP-s were finally hit.

I've traded EURUSD and USDJPY and with having looser trades too, I have ended up with a net 35 pips profit.

Thank you THV team

I'm still reading this huge thread but I already got a lot of great information, and I hope I can get the feeling of this trading method.

Have a nice weekend everyone!

/sorry about my english/
My trades are at pip dot ninja
  • #19,376
  • Edited 2:19pm Jul 30, 2010 2:07pm | Edited 2:19pm
Every thing is possible . . .


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Thank you friends ...


Regards

Arun Kumar.R
  • #19,377
  • Jul 30, 2010 7:49pm Jul 30, 2010 7:49pm
i hope someone can answer this: it seems like 80% of the times i take a trade on thv when the rules are met: my trade invariably retraces at least 10 to 15 pips in the opposite direction. i usually leave my tp at 10 pips; but when it goes from a negative 15 pips to a positive number i get paranoid and close out the trade at half of what my profit target was (10 pips).

it seems like when the thv rules are met i should enter the opposite of what thv is telling me b/c 80% the times i experience a retrace. but that is sooooo freakin counter-intuitive. i would go mental if i had to do this.


am i crazy or do others experience this as well?
  • #19,378
  • Jul 30, 2010 8:28pm Jul 30, 2010 8:28pm
Quoting samk090905
i hope someone can answer this: it seems like 80% of the times i take a trade on thv when the rules are met: my trade invariably retraces at least 10 to 15 pips in the opposite direction. i usually leave my tp at 10 pips; but when it goes from a negative 15 pips to a positive number i get paranoid and close out the trade at half of what my profit target was (10 pips).

it seems like when the thv rules are met i should enter the opposite of what thv is telling me b/c 80% the times i experience a retrace. but that is sooooo freakin counter-intuitive....
First of all, Hi ... I'm new here but I've literally been trading since I was 10, and trading forex since 1998, so I'm not exactly "new" either :-)

I've messed around with THV a little bit, and it's a good system. I don't use it because I have my own system that is "just a bit" less complicated.

With the preliminaries out of the way, look, it is exceedingly unlikely that you are "processing" the trading rules the same way as another trader.

That means your entries WILL NOT be the same as some other traders UNLESS you happen to be in some sort of live trading room where you are "following a leader."

While trading rooms might be okay to initially learn a system or some technique, I absolutely DO NOT recommend any sort of "follow the leader" approach.

So ... this is what YOU have to do, assuming you want to continue using THV.

1) Run the system as you understand it, sticking to the rules as you understand them LIKE GLUE. Do this ONLY ON A DEMO ACCOUNT for a minimum of 2 weeks ... 1 month would be better.

2) Analyze your results. If the system is profitable as it sits and the system "mentally" agrees with you (meaning you aren't pulling the hair out of your head every time you place a trade) then consider sticking with it for another 2 weeks to 1 month, trading in demo before going with a live account.

3) If you analyze your results and you are finding some significant percentage of the time the market "reads your mind" and instantly moves against you ... consider that perhaps you are simply misinterpreting the rules. SIMPLY FLIP THE RULES AROUND. When the previous rules, as you understood them, said to open long ... instead open short. Now, stick the the NEW RULES LIKE GLUE for at least 2 weeks ... and 1 month would be better.

4) Analyze your results. If the system is profitable as it sits and the system "mentally" agrees with you (meaning you aren't pulling the hair out of your head every time you place a trade) then consider sticking with it for another 2 weeks to 1 month. (see where this is going?)

5) If you get here and you aren't running your system for one more "go" in demo mode before going live with it then you need to look for a new system!

Hope this helps.
  • #19,379
  • Jul 30, 2010 8:44pm Jul 30, 2010 8:44pm
Quoting samk090905
i hope someone can answer this: it seems like 80% of the times i take a trade on thv when the rules are met: my trade invariably retraces at least 10 to 15 pips in the opposite direction. i usually leave my tp at 10 pips; but when it goes from a negative 15 pips to a positive number i get paranoid and close out the trade at half of what my profit target was (10 pips).

it seems like when the thv rules are met i should enter the opposite of what thv is telling me b/c 80% the times i experience a retrace. but that is sooooo freakin counter-intuitive....
Hi Sam

I would also suggest you post some of the failed trades, members here will help identify weakness in the entries.
  • #19,380
  • Jul 30, 2010 9:36pm Jul 30, 2010 9:36pm
Quoting cobraforex
You can’t archive that.

If someone doesn’t have skills than he won't be good in that job, no matter what it is.

Thank you for your advise Mr.Cobra
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