THV system, final edition | Page 1008 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #20,141
  • Sep 1, 2010 8:52am Sep 1, 2010 8:52am
Quoting Superboy
Hi Seller9, some questions:
1) m1 gives a signal way after the trix cros, many times at the end of the trend. Why that?
2) if m1 is running on 5 min chart, it is still giving 1 min alert, true?

Thanks
Fred

Fred

read sellers notes. It waits for confirmation from M1 + M5, Therfore entrys are later but stronger signal/
The Kamakazi
  • #20,142
  • Sep 1, 2010 9:18am Sep 1, 2010 9:18am
Which one? (One of the histograms? The visual MTF? Strats minicharts? Which version?) Perhaps you could post a screenshot.
Quoting bonnevie
Hey All,

Can anyone tell me what's happening to the TRIX MTF indicator on the AUDUSD charts: I just noticed that the H1 and M15 setting is out of whack; they both show red even though the AUDUSD has been powering steadily up for the past 18 hours. That can't be right.

And clicking through a couple time frames to 'refresh' the data doesn't help. It's stuck...I think.

This is weird...and worrying.

Help.

bonnevie
  • #20,143
  • Edited 11:57am Sep 1, 2010 9:58am | Edited 11:57am
This has been discussed numerous times in the thread.
First of all, the trix itself repaints. It can repaint one bar closed bar back, particularly when it is flat.

Second, the trix histogram does not 'repaint' in that sense but it can differ from the actual trix for several reasons:

1) The trix histo keeps track of what the trix is doing minute by minute on the lower timeframe, so if the trix on the higher timeframe has repainted one closed bar back the trix histo on the lower timeframe will differ from what you see on the higher timeframe chart when you look back. If the trix itself was red on the higher timeframe and repainted itself green one bar back after that bar closed, those bars will still be red on the histo on the lower timeframe. In this case, the histogram reflects more accurately what you would have seen in realtime if you had been looking at the actual 5 minute trix (for example) on the chart. You are no worse off by using the histogram than if you had actually been looking at the 5 m trix, which subsequently repainted itself.

2) If you do anything to cause the histogram to init (like changing the timeframe) it no longer knows what happened minute by minute. Here's an example using the 5 minute timeframe. Suppose you are taking a signal when the 1m fast and 5m fast trix turn the same color. Now in the first minute of the five minute period the 1m fast is red and the five min fast is green. In the second minute price drops enough to turn the five min fast trix red. If you looked over at the real five m trix it would be red. You enter the trade based on the histo signal. Same for the third and fouth minute. But in the 5th minute, there is a big spike up - big enough to turn the 5m trix green for that bar and subsequently stop you out. Well, you already took the trade based on the trix histogram, but if you had looked at the actual trix on the 5 m chart in minute 2 you would also have taken the trade anyway. Now if you refresh the chart (by switching timeframes) all those five bars will be green and you will be thinking " the indicator repainted". However it didn't. The purpose of the histogram is to show you what is happening with the higher timeframe trix on the lower timeframe chart in real time, so that you don't have to go flipping between charts. When the histogram is added or refreshed after the fact it doesn't know what happened in real time. All it knows is that that particular five min bar closed green, so it paints all the 5 bars that comprise it on the one minute chart green if it is added after the fact or refreshed for any reason (including if your mt gets disconnected.) This is, of course true for any timeframe, so if the trix was red for half of a one hour period and green for the second half, and closes green, and you init the histogram on the 1m chart, 60 squares will repaint instead of 5.

For example:

Attached Image (click to enlarge)
Click to Enlarge Name: tx1.png Size: 129 KB


Attached Image (click to enlarge)
Click to Enlarge Name: tx2.png Size: 130 KB


3) There's a limit to how many bars the histo stores. I think its 750 by default in the old histos. Data before that is not accurate.


I have posted other posts about this, you can search for them if you want more info.


Quoting bonnevie
I'm aware that the indicator repaints.

But this is the worst case of a problem mentioned before by another poster: the blocks all showed one colour, he enters a trade, shifts to a new time frame, and when he clicks back the blocks are no longer showing the same colour configuration.

I've had the same thing happen to me, and the changes sometimes involve almost an entire row, not just the previous block (which is what I understand repainting to mean). This is the first time the indicator doesn't seem to 'refresh' to more accurately reflect what's...
  • #20,144
  • Sep 1, 2010 1:03pm Sep 1, 2010 1:03pm
Hello all,

Im about to start using the thv for Eur/Usd

I have read the manual and the thread and I just want to make sure what info i have down is on the right track.

Bid when price above coral
Bid when fast trix crosses above slow trix
Extra confirmation when cross occurs above zero level
Bid when price above cloud
Bid when trend is at green

And vice versa for sell.

Stop loss should be as indicated by template

THere are two things i have yet to grasp.

How is take profit set ( I know there are many experienced traders here that take profit by feel of the price action but as a beginner i simply dont have the skills to do so yet.)

What is the money management for this thv? How should I go about setting my trading sizes? Should i trade with the same amount of money everytime? Or increaes/decrease trading sizes according to account size(anti-martingale)

Feedback would be GREATLY appreciated.(No need for constructive criticism, i get proud easily feel free to trash away)
  • #20,145
  • Sep 1, 2010 3:47pm Sep 1, 2010 3:47pm
can someone has an indicator coral MTF? I want to see on one graph with different coral TF. Thank you.
  • #20,146
  • Sep 1, 2010 5:44pm Sep 1, 2010 5:44pm
mp,

can you please explain how your mtf adx is different from the regular adx in our platform?

can you please briefly explain what price mode is?

history--is there an optimal number

timeframe adjustment: how to use?

http://img689.imageshack.us/img689/4716/mtfadx.jpg

thank you very much.
  • #20,147
  • Sep 1, 2010 6:16pm Sep 1, 2010 6:16pm
Quoting ozma
can someone has an indicator coral MTF? I want to see on one graph with different coral TF. Thank you.
Go to pipware.com and there you'll find what you are looking for, where the free indicators are
  • #20,148
  • Sep 2, 2010 12:51am Sep 2, 2010 12:51am
Price mode is whether the indie uses the high price, low price, close price, median price etc to do its calculations. It made sense to me that it would use the high to calculate the plus Di but why use that for the ADX or the minus Di. The low makes more sense to me for the minus DI, and either the close or typical for the ADX.

Possible values are:
PRICE_CLOSE 0 Close price.
PRICE_OPEN 1 Open price.
PRICE_HIGH 2 High price.
PRICE_LOW 3 Low price.
PRICE_MEDIAN 4 Median price, (high+low)/2.
PRICE_TYPICAL 5 Typical price, (high+low+close)/3.
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.


So that's the difference - the previous version uploaded used the high for all three so I fixed it so that you can choose what you want. The standard mt4 indie uses the close for all three.

History just affects the load on your CPU unless you set it to a very small number.

TF adjustment means which tf do you want to see it for. 0 means the current chart, 5 means the 5m chart etc.

Quoting samk090905
mp,

can you please explain how your mtf adx is different from the regular adx in our platform?

can you please briefly explain what price mode is?

history--is there an optimal number

timeframe adjustment: how to use?

http://img689.imageshack.us/img689/4716/mtfadx.jpg

thank you very much.
  • #20,149
  • Sep 2, 2010 2:57am Sep 2, 2010 2:57am
MissPips thank you,
this setup is good ?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-02 12-09-39 PM.jpg Size: 264 KB
  • #20,150
  • Sep 2, 2010 3:28am Sep 2, 2010 3:28am
Yes. Nice regular THV trade and 6 points in direction of rainbow and cup and handle formation too.
Quoting POSTiGA
MissPips thank you,
this setup is good ?
  • #20,151
  • Sep 2, 2010 3:29am Sep 2, 2010 3:29am
I am just primarily wondering on the money management aspect of the thv. Because the stop loss is defferent time and the take profit is different everytime, im wondering how the management would work in this case.
  • #20,152
  • Sep 2, 2010 3:43am Sep 2, 2010 3:43am
Quoting POSTiGA
MissPips thank you,
this setup is good ?

Hi Postiga,

Any chance you can put up a template up for the settings of your indicators, save template then upload it here....... Exactly what im looking for.

Basically want my screen to display the same information yours is.
  • #20,153
  • Sep 2, 2010 4:37am Sep 2, 2010 4:37am
Hi Seller9 (or anyone else)

When you get an alert from your M1 ADX Alert, how quickly on average to you then take the trade? Do you for example wait for a small retrace before jumping in assuming the trade looks good?


This looks like very useful indicator by the way, so thanks for all your hard work.
  • #20,154
  • Sep 2, 2010 4:42am Sep 2, 2010 4:42am
Quoting tenmilewalk
I am just primarily wondering on the money management aspect of the thv. Because the stop loss is defferent time and the take profit is different everytime, im wondering how the management would work in this case.
http://www.forexfactory.com/showthre...ey#post2401221

Or cobraforex.com go to the money management section.

SL and TP can be based on your Risk/Account Size or static values SL of 10 -15 pips and TP same ...typical 1:1 some trades depending on pair can be 1:2

TP is usually indicator based, to maximize the run same with the SL to minimize the loss
  • #20,155
  • Sep 2, 2010 4:50am Sep 2, 2010 4:50am
Quoting MissPips
If you downloaded the previous version V4.30 please download this one. The previous version had a bug in that it didn't check whether the plusDi was increasing - just the ADX. I also added a new type
Type 29 - Ignores whether the ADX is increasing. Just checks whether ADX is above the specified value, whether DI is above the specified value and whether DI is increasing.

Red when minusDI is below Plus DI , DI is increasing, ADX and DI are above the specified value, vice versa for green.

Also I added an AlertsMode....

Thanks Misspips, looks very good..much appreciated
  • #20,156
  • Sep 2, 2010 5:37am Sep 2, 2010 5:37am
Quoting tenmilewalk
Hello all,

Im about to start using the thv for Eur/Usd

I have read the manual and the thread and I just want to make sure what info i have down is on the right track.

Bid when price above coral
Bid when fast trix crosses above slow trix
Extra confirmation when cross occurs above zero level
Bid when price above cloud
Bid when trend is at green

And vice versa for sell.

Stop loss should be as indicated by template

THere are two things i have yet to grasp.

How is take profit set ( I know there are many experienced traders here that take profit...
Hi,

You might find this post useful, also has a bit about money management.

Thanks to the original poster "MRS Pips" . I must say though that she been extremely helpful to everyone who has asked anything and repeated herself countless times if you go through the thread like i have. Pat on the back.

http://www.forexfactory.com/showpost...ostcount=19447
  • #20,157
  • Edited 8:39am Sep 2, 2010 8:20am | Edited 8:39am
I dont have a system. I use THV, which is a method, not a system and the tools it provides, to which I have added a rainbow as an additional trend filter. Basically I trade when the rainbow and the coral agree on the trend, and I prefer to trade when the 5m trix and 5m rainbow also agree on the same direction. Then I look for THV trades in that direction from one of several setups that I've shared, which you can find by reading my posts. Since there are different kinds of markets you need to adapt the setup you use to the market (for example - is it a new trend just starting, is it a trending market but the waves have a lot of amplitude, is it a very strongly trending one-way market, is it a range bound market, but the range is big enough to get in some waves that provide trades, or is it a completely choppy market?) That's the main trick - like in any profession you need to be able to recognize which tools you need to use in the given conditions. I also base trading decisions on patterns, trendlines and support lines on higher timeframes and use THV signals to confirm a break or bounce.

Quoting Renkoman
Hello,
to MissPips,,,,where i can found ur system? plz help me sry for english
  • #20,158
  • Sep 2, 2010 8:51am Sep 2, 2010 8:51am
Quoting MissPips
I dont have a system. I use THV, which is a method, not a system and the tools it provides, to which I have added a rainbow as an additional trend filter. Basically I trade when the rainbow and the coral agree on the trend, and I prefer to trade when the 5m trix and 5m rainbow also agree on the same direction. Then I look for THV trades in that direction from one of several setups that I've shared, which you can find by reading my posts. Since there are different kinds of markets you need to adapt the setup you use to the market (for example - is...



Hi Miss. trading on 1M you look at the coral 5M and 15M too?
  • #20,159
  • Sep 2, 2010 9:14am Sep 2, 2010 9:14am
I do look at where they are before taking a trade. I wouldnt want to take a trade right on top of any of the corals because they often get a bounce.

Quoting ozma
Hi Miss. trading on 1M you look at the coral 5M and 15M too?
  • #20,160
  • Sep 2, 2010 9:18am Sep 2, 2010 9:18am
someone said the manual for THV4 in is first page, but i only found v3's manual ?
14 traders viewing now