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THV system, final edition

  • #19,721
  • Aug 15, 2010 6:29am Aug 15, 2010 6:29am
Thanks for the long explanation Tread. Its a good eye opener.

I currently trade the one minute on breakouts and pullbacks. So one thing i trained myself to do is to monitor price action and know how the pairs move. I currently only trade EJ, EU and GU. I think that understanding and watching PA can push this THV system even further by looking for HH and HL for a decent buy and vice versa. When there are conflicting signals causing a triangle or reverse triangle then take the trade with caution.

Will monitor this closely this week.



Quoting Tread
I trade of the M1

so

All Trix (M1, M5, M15) are heading in the same direction (ideally all freshly crossed in this order M1,M5,M15
Check the Direction of the overall trend is in the direction of the trade, depending on action this may be of the H1 or H4
Check for Price cross on the Ichi (M1, M5 and M15)
Also Check for Coral on M1 and M5

Check ADX:-

M1 - ADX > 25 and +DI for long >25 or...
The Kamakazi
  • #19,722
  • Aug 15, 2010 8:25am Aug 15, 2010 8:25am
Hello Im new to FF I have some questions,

How/where can i get the THV system manual in English, can someone please provide me a link.

Can someone also provide me with a download link for the latest version of THV and some useful indicators.

I clicked on the paper clip in the top right hand corner and had a look but there is a 113 pages of downloads.......

Thanks in advance
  • #19,723
  • Aug 15, 2010 9:18am Aug 15, 2010 9:18am
It's often a good plan to start at the beginning so try page 1.

Quoting manxboy
Hello Im new to FF I have some questions,

How/where can i get the THV system manual in English, can someone please provide me a link.

Can someone also provide me with a download link for the latest version of THV and some useful indicators.

I clicked on the paper clip in the top right hand corner and had a look but there is a 113 pages of downloads.......

Thanks in advance
  • #19,724
  • Aug 15, 2010 10:15am Aug 15, 2010 10:15am
Are you using the ADX 14 on the close?

I am working on an alert that follows along with your previous post. I had already started on it for the M5 when I saw your post, so I may change it to the M1. This should help me to monitor more pairs without having to stay glued to the monitors. One additional trigger I am going to add are optional High/Low breakout lines that you can drag to where you want them to be. I think this may come in handy if you have a pair consolidating and want to set a high or low breakout point, it would be in addition to the other triggers and would be optional. Below is a screen shot of what I had started for the M5, but I think after seeing your post I may change it to the M1. By using the M5 I was hoping to get out of some of the noise, but as long as your having such good luck with your M1 settings maybe I will go that way.

Any thoughts from any one is always appreciated. I am always looking for ways to make improvements, as long as they are proven ideas in a real trade enviroment.

Here is a screen shot of what I had started on before seeing Tread's post, it is not complete and like I said was headed for the M5, but I may change it to the M1.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 204 KB
  • #19,725
  • Edited 11:00am Aug 15, 2010 10:47am | Edited 11:00am
Hi Seller

I was actually drafting a pm to you, I was wondering if you could incorporate the ADX as a possible option, i saw that you had stoch as an option.

The Hi/Lo graphic triggers are very cool.

Most of my sucesss with THV comes from picking the times when to trade and which pairs to trade My hours are from 12am to 12pm est. I trade out of this, but those I cherry pick


EDIT.... Yes I use the ADX (14) i tried other periods .... but most consistent is 14, i cross check the M5 and M1
  • #19,726
  • Aug 15, 2010 10:55am Aug 15, 2010 10:55am
Folks

The following information is from the NanningBob Thread, but I have found it extremely useful in understanding what currencies are moving, which ones move big.... setting SL/TP

While we try for static SL/TP on most of our entries, some pairs just give up more pips than others.

Bob has kindly given his permission for it to reproduced here, I hope that it is okay with Cobra for posting here:-

1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY

2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY

3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,

4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP


In the zip file is the weekly currency files, that support the above.
Attached File(s)
File Type: zip weekly currency facts 0710.zip   35 KB | 604 downloads
  • #19,727
  • Aug 15, 2010 2:17pm Aug 15, 2010 2:17pm
Done for today, it may have a few bugs as I haven't tested it on a live feed, but here it is if anyone wants to play with it.

This alert is designed around the M5 time frame but can be placed on any time frame chart but still will take
its signals from the M5 time frame. Here is the present alert logic.
Trix:
1) M1 = Fast of Trix either Green or Red
2) M5 = Fast-Slow-Cross of Trix either Green or Red.
3) M15 = Fast-Slow of Trix either Green or Red.
4) M30 = Fast-Slow of Trix either Green or Red.
Coral:
1) M5 = Bid above coral for buy and ask below coral for sell.
2) M60 = This is used for direction to buy in and compares todays bar to one 20 bars(hours) ago.
ADX:
1) M5 = ADX>25, +DI>25 for Long, -DI>25 for Short
2) M15 = ADX>25, +DI>-DI and headin up for LOng, -DI>+DI and headin up for Short.
3) M30 = ADX Heading UP and greater than 25.
If all the above conditions are met an alert window will open.
This alert is similar to my other alerts, so if you have used them this one is similar, I have just removed a lot
of the alerts that are not needed.
Below is a screen shot that points out a few things.
I have included a zip file with the "M5_ADX_Alert" and the indicators you will need to make it work along
with a template if you want it that looks like the screen shot below.
This is untested at this time, so it may have some bugs yet.
I haven't put together any help document yet, as I don't know if this will be of any use.
If it does prove to be helpful I can write up something at a latter date after all the bugs are out.
Feel free to make comments for improvements.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 215 KB


Attached File(s)
File Type: zip THV_ADX_Alert.zip   135 KB | 732 downloads
  • #19,728
  • Aug 15, 2010 3:18pm Aug 15, 2010 3:18pm
Seller9

Great work and thats dedication to Forex on Sunday

How difficult is it to get this changed to 1 min signals?

Bob

Quoting seller9
Done for today, it may have a few bugs as I haven't tested it on a live feed, but here it is if anyone wants to play with it.

This alert is designed around the M5 time frame but can be placed on any time frame chart but still will take
its signals from the M5 time frame. Here is the present alert logic.
Trix:
1) M1 = Fast of Trix either Green or Red
2) M5 = Fast-Slow-Cross of Trix either Green or Red.
3) M15 = Fast-Slow of Trix either Green or Red.
4) M30 = Fast-Slow of Trix either Green or Red.
Coral:
1) M5 = Bid above coral for buy...
The Kamakazi
  • #19,729
  • Aug 15, 2010 3:26pm Aug 15, 2010 3:26pm
Thanks a lot seller9,

maybe a dumb question, but...
I can´t find any indicator within your template that could be responsible for your alert system so that I could put it into my other favourite templates.

Looking very promising anyway -
  • #19,730
  • Aug 15, 2010 3:57pm Aug 15, 2010 3:57pm
Quoting CandleStar
Thanks a lot seller9,

maybe a dumb question, but...
I can´t find any indicator within your template that could be responsible for your alert system so that I could put it into my other favourite templates.

Looking very promising anyway -
The alert indicator is "M5_ADX_Alert.ex4

It can be put on any template as long as you have the other indicators in your indicator folder that it makes calls to.
  • #19,731
  • Aug 15, 2010 4:04pm Aug 15, 2010 4:04pm
Quoting Bl888
Seller9

Great work and thats dedication to Forex on Sunday

How difficult is it to get this changed to 1 min signals?

Bob
I have made a slight correctio to the M5 one. I was going through some charts and it seemed the ADX 30 was being a little selective so I eliminated it from the ADX trigger. The M5 and M15 ADX triggers are still part of the ADX trigger though.

It is not hard to change and will do that in a few days so everyone will then have an M1, similar to what Tread is looking for.

I want to see how this one works first under live conditions and if I have any bugs.

Good Luck
Here is the changed one with a template also, I think the other template had different levels on the ADX indicator in the template, the code was still using the 25 level but just the template showed something different.
This would not effect its alert but just didn't match what was really going on.
Attached File(s)
File Type: zip THV_ADX_AlertA.zip   37 KB | 647 downloads
  • #19,732
  • Edited 6:36pm Aug 15, 2010 6:02pm | Edited 6:36pm
Nice easy entry. Got all Trix Lined up ...core THV ....Possible resistance @MS2, but ADX is very strong on M1 and M5

Edit #1 ...... 11 Pips In

Edit #2 ..... 16 Pips In

Edit #3 ...., 19 Pips In .....interesting consolidation happening.....might mean a breakout imminent ....will move SL to lock in pips

Edit #4 ..... -DI on 5m sound strength, got out @ 17 Pips
Attached Image(s) (click to enlarge)
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  • #19,733
  • Edited 6:35pm Aug 15, 2010 6:18pm | Edited 6:35pm
Sidney Session...stands to reason we should be watching these pairs

AUDUSD - 3 Pips in, paid the spread, looking to take profit..

Edit #1 .... -D1 on ADX, gaining strength....exited .... 1Pip
Attached Image (click to enlarge)
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  • #19,734
  • Edited 6:48pm Aug 15, 2010 6:29pm | Edited 6:48pm
Anyone watched Bloomberg news today? .... Short the USDJPY ...... off course do the analysis .....this is straight forward trade

Edit #1.... Lol...pays to watch the news .....

Please note, DO NOT ATTEMPT to trade news on a LIVE account unless you have sufficient experience to do this. MY intent is to show that one must look to other sources aside from Technical entries, it makes looking for the Pips easier
Attached Image(s) (click to enlarge)
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  • #19,735
  • Aug 15, 2010 6:40pm Aug 15, 2010 6:40pm
Here is the M1 ADX and THV alert, no time to check it out, hope it works.
I will look for bugs or changes tomorrow.
Attached File(s)
File Type: zip THV_ADX_M1_Alert.zip   43 KB | 673 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 139 KB
  • #19,736
  • Aug 15, 2010 6:59pm Aug 15, 2010 6:59pm
Looks like the M5 alerts are working, will need more testing to see if they are correct or not. I still had the M5 on the chart when it went off. Looks to be a good trade, but one good trade does not mean anything. Will test some more and look for bugs.

Edit: EJ just fired again on the M5 alert. Sorry for the typos on the image below, thay are all M5 alerts, no M1 alerts on this M1 chart.
Attached Image (click to enlarge)
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  • #19,737
  • Edited 7:58pm Aug 15, 2010 7:05pm | Edited 7:58pm
I love this pair... IN @ 43 Pips.

I went in before the 15Min Slow Trix turned Red, But with ADX breaking and going high on M1, M5 & M15... it was good enuff for me... Monitoring.

Edit #1 .... Currently 51 pips in ...move SL to 81.713 (Locked in 40 Pips) ....monitoring

Edit #2 .... Locked in 49 Pips ... moved SL to 81.621..monitoring of the M5 and M1d ADX ...length of time in trade m1 ADX no longer valid
Attached Image (click to enlarge)
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  • #19,738
  • Aug 15, 2010 7:06pm Aug 15, 2010 7:06pm
Quoting seller9
Here is the M1 ADX and THV alert, no time to check it out, hope it works.
I will look for bugs or changes tomorrow.

Thanks Seller, will load it up in a while.
  • #19,739
  • Aug 15, 2010 7:22pm Aug 15, 2010 7:22pm
This is why you trade in the direction of the trend ...
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  • #19,740
  • Edited 8:02pm Aug 15, 2010 7:49pm | Edited 8:02pm
In repsonse to a PM

I use Bemac ICCE indicator on the m15 to H4 chart (and sometimes daily) to check the trend. This is just one method..simply drawing trendlines also work

based on what i see, i usually go with THV Confirmation, however this short on the GBP USD was to good to resist.

Will do back to ADX on lower TF to monitor for Exits
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