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THV system, final edition

  • #20,401
  • Sep 28, 2010 2:51am Sep 28, 2010 2:51am
Hey!

can I get this indicator from that picture? only that.


[url=http://img43.imageshack.us/i/attachmentphppq.jpg/]http://img43.imageshack.us/img43/495...hmentphppq.jpg[/URL[

I had instaled this InfoPanel but there was Time parametr missin and window was at indicator window.

http://img819.imageshack.us/img819/4111/panelc.jpg
  • #20,402
  • Sep 28, 2010 3:21am Sep 28, 2010 3:21am
Tread = Legend.

Period.
  • #20,403
  • Sep 28, 2010 3:39am Sep 28, 2010 3:39am
Quoting emulin
Hey!

can I get this indicator from that picture? only that.
get v3 infopanel and use window=0
  • #20,404
  • Sep 28, 2010 5:05am Sep 28, 2010 5:05am
Tread (or anyone else who can help),

How do you manage to monitor so many pairs and then get such good entries? I tried one of the alert indicators posted here a while back but found it gave far to many signals that you couldnt manage to check. For the EA to give you signals, I find it is good but entries could be alot earlier if identified manually.

I am able only to get such good entries on 4 pairs. I cannot monitor anymore. How do you do it Tread? Or do you just take the EA entries (after assessing them) even though they may be a little late?

Thanks
  • #20,405
  • Sep 28, 2010 5:13am Sep 28, 2010 5:13am
today setups.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 65 KB
  • #20,406
  • Sep 28, 2010 5:22am Sep 28, 2010 5:22am
Quoting Tread
Definitely easier to spot. Once entering on the M5, not waiting for the M30 Slow Trix to turn, on using the ADX entry as the 6 MTF entry to MissPips 6 Lights method
Tread u make it look all to easy

Look at something long enough, you will eventually get it.
  • #20,407
  • Sep 28, 2010 5:36am Sep 28, 2010 5:36am
Quoting ricmi
today setups.

UK GDP figure!
The Kamakazi
  • #20,408
  • Edited 7:15am Sep 28, 2010 5:46am | Edited 7:15am
Quoting pips r us
Tread (or anyone else who can help),

How do you manage to monitor so many pairs and then get such good entries? I tried one of the alert indicators posted here a while back but found it gave far to many signals that you couldnt manage to check. For the EA to give you signals, I find it is good but entries could be alot earlier if identified manually.

I am able only to get such good entries on 4 pairs. I cannot monitor anymore. How do you do it Tread? Or do you just take the EA entries (after assessing them) even though they may be a little late?...
That is exactly what I do, I use the EA to set the basic conditions, then evaluate and place the trade.

I Monitor for
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M1 Cloud
M5 Cloud
M15 Cloud


Once i get a signal, I will then cross check

MTF ADX
MA Condition
M1 Trix Fast
S&R Level(Pivots, Trendline Patterns etc etc)


The trick is not to set the EA or the Alert to monitor for the full condition or you will always be late to the party. Which is why i do not monitor for the M1 Fast Trix , I look for this manual;y, same with the M15/M30 Slow Trixm depending on the time frame I am looking for.

I will repost the EA monitoring setfile on that thread a little bit later. the problem with this is that it chews up lots of resource, it kills a Quad Core 4G Ram depending on the number of pairs you are looking for. Also because it runs as an EA, you cannot run your own trade management EA.

What I have been working on is using seller9 indicator ... Ind_AlertV20 on a lot of the pairs.

See attached for a template ...apply to a bank chart for the pair you want to monitor.

I test using two clients to monitor like this (24 pairs). If you try to use one client to monitor 24pairs it will crash it.

I tend to perform a lot of triage, i look for the consolidation and breakout since this gives the most pips, and it is the easiest manage (they tend to go in profit quickly)

To work with so many pairs, you need to have a plan, your work space must be set up properly to allow for the most efficient movements. Now it sounds like a lot, the most trades I have running simultaneously is usually between 4 - 7.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_0808.png Size: 64 KB
Attached File(s)
File Type: ex4 Ind_Alert_v20A.ex4   110 KB | 670 downloads
File Type: tpl thvmonitoring.tpl   6 KB | 577 downloads
  • #20,409
  • Sep 28, 2010 6:08am Sep 28, 2010 6:08am
Lol i always get the crazy pm's, once i post

"Tread, if you are so successful why are you posting on these forums, are you jerkin our chain because it gets you off? Or are you setting yourself up to launch a commercial service? Either way, i find your motives to be very underhanded, i just have not figured out what your motives are. You keep adding indicators and polluting a very simple method"


Okay, I posted because I could, Lots of pips does not automatically equate to being well of, It is all based on the trade size. I do not trade full lots all the time.

I post ideas and my take on certain aspects of the THV, because I am currently working on the EA and I am always looking for ways to improve it. The best way to do this is sharing ideas, hoping someday someone will mention something that gives me that "aha" moment. Ever watch House when he solves a diagnosis.....same reason .... just without the patient.

The only way to stimulate discussion is to post the trades and wait for the commentary, good or bad.

I add indicators because the EA cannot think, it needs input for a lot of stuff we take for granted. how do you tell an ea to take a trade when the MA is nicely separated?????

Yes there is a thread for the EA, but the more mechanized the entries become the easier the manual method is, thus I share those results here.
  • #20,410
  • Sep 28, 2010 6:28am Sep 28, 2010 6:28am
Thanks Tread. Greatly appreciated.

Interesting is that the points you raised are ones I had come across. Yes the EA does chew resources. I was using the Indi you gave me and trying to find the best combination of lights to use. I have set up as you posted and will try to work with it.

One question is would you only go with the trend. For example there is a good sell on the GBPCHF at the moment. Would you have taken that or not given the trend was the opposite to the 5 minute trend displayed on the indicator?

Thanks
  • #20,411
  • Sep 28, 2010 6:30am Sep 28, 2010 6:30am
That is absolutely rediculous......

If it wasnt for Tread, my developments in using THV would have been slow. Tread has provided a value adding facility to the standard THV system which enhances it and he is developing and testing the EA for others to use. In fact., I thanks Tread, cause my trading has developed further to use another tool. And yes i am a long term trader. I was a prop trader at a well known US bank and now trade for myself....

Does he need to post. well NO, and why should he if he received stuff like that. This is why threads end up dead....... Why should people post at all if dim wits post messages like that.

Also, if you dont like what you read then get the hell out of here. Why read it at all? why even waste valuable trading time sending a message? the M1 will keep u busy at all times.

If you want to learn, then proceed reading.......

Just my 10 pence worth...





Quoting Tread
Lol i always get the crazy pm's, once i post

"Tread, if you are so successful why are you posting on these forums, are you jerkin our chain because it gets you off? Or are you setting yourself up to launch a commercial service? Either way, i find your motives to be very underhanded, i just have not figured out what your motives are. You keep adding indicators and polluting a very simple method"


Okay, I posted because I could, Lots of pips does not automatically equate to being well of, It is all based on the trade size....
The Kamakazi
  • #20,412
  • Sep 28, 2010 7:12am Sep 28, 2010 7:12am
Quoting pips r us
Thanks Tread. Greatly appreciated.

One question is would you only go with the trend. For example there is a good sell on the GBPCHF at the moment. Would you have taken that or not given the trend was the opposite to the 5 minute trend displayed on the indicator?

Thanks

If you noticed, a little while later the short reversed after moving about 14 pips. The small emas were not in order, so i would not have taken that trade

So far with regards to the trend the only rule I am flexible with the the 233 EMA.... If all the other EMA are lined up and in order and the Trix and ADX agree i will take the trade

Also I made a mistake an uploaded the wrong template, here is the correct one,..... i also updated that old post
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_0750.png Size: 77 KB
Attached File(s)
File Type: tpl thvmonitoring.tpl   6 KB | 472 downloads
  • #20,413
  • Sep 28, 2010 7:39am Sep 28, 2010 7:39am
[quote=Tread;4054180]That is exactly what I do, I use the EA to set the basic conditions, then evaluate and place the trade.

I Monitor for
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M1 Cloud
M5 Cloud
M15 Cloud


Nice job Tread !

I want to ask you what is the setup for M5 Trend, that you’re using for Alert V20A ?
Perhaps it’s better if you put your set file from Alert V20.
I saw that you’re using also EMA 13, 21, 55, 233. Are you waiting a breakout of these EMA’s ?

Thank you
  • #20,414
  • Sep 28, 2010 7:45am Sep 28, 2010 7:45am
that's a very good point. i have also thought to myself "why does tread do this?"

tread has been by far the most helpful person i have found here. his style is so straight forward and to the point, it's uncanny. even more importantly, he doesn't have to do it.

i've only been doing this for 2 months. if you look at my history, i have a shit load of stupid questions. they just keep coming. and this is 2 months from scratch.

new ideas, stupid ideas, etc.etc.

ANYWAYS, tread is the man. he either answers questions effectively, or he doesn't answer them at all. he is really, THE MAN.

after taking 23 days off from thv. i started again tonite (hk time). up almost 100 pips on mini lots. tonite has been the first night where i truly felt that i was IN CONTROL and confident. certainly, i could have still lost. but i really felt very, very confident... all night. and in this example, it showed in the results.

without tread, it would not have been as easy. at this point, i feel confident that i can do this succesfully within 5->6 months for sure, since i have begun to grasp this at around the 2.5 month mark.

thanks tread!

Quoting Bl888
That is absolutely rediculous......

If it wasnt for Tread, my developments in using THV would have been slow. Tread has provided a value adding facility to the standard THV system which enhances it and he is developing and testing the EA for others to use. In fact., I thanks Tread, cause my trading has developed further to use another tool. And yes i am a long term trader. I was a prop trader at a well known US bank and now trade for myself....

Does he need to post. well NO, and why should he if he received stuff like that. This is why threads...
  • #20,415
  • Sep 28, 2010 7:51am Sep 28, 2010 7:51am
Quoting vasi

Nice job Tread !

I want to ask you what is the setup for M5 Trend, that you’re using for Alert V20A ?
Perhaps it’s better if you put your set file from Alert V20.
I saw that you’re using also EMA 13, 21, 55, 233. Are you waiting a breakout of these EMA’s ?

Thank you
Hi Vasi

Indicators do not allow for setfiles to be posted. I posted the template above, which configures the indicator with my settings.


To take an entry you want the EMA to line up in order

13, 21, 55, 233 this indicates a trend is in place.

The take trades based on the direction of the EMA.

The consolidation of the EMA which leads to a breakout, I take if i see it happening. The primary purpose of the EMA is to set trend.

13, 21, 55 line up is an absolute prerequisite for taking the trade they must be line up in the correct order and fanning out. The 233 is discretionary based on the other indicators (trix and adx).
  • #20,416
  • Sep 28, 2010 7:51am Sep 28, 2010 7:51am
who da man

Quoting chiba_san
that's a very good point. i have also thought to myself "why does tread do this?"

tread has been by far the most helpful person i have found here. his style is so straight forward and to the point, it's uncanny. even more importantly, he doesn't have to do it.

i've only been doing this for 2 months. if you look at my history, i have a shit load of stupid questions. they just keep coming. and this is 2 months from scratch.

new ideas, stupid ideas, etc.etc.

ANYWAYS, tread is the man. he either answers questions effectively, or he doesn't...
The Kamakazi
  • #20,417
  • Sep 28, 2010 8:10am Sep 28, 2010 8:10am
Tread,

Employing your described strategy. On the M1 would you enter if the fast trix was at or above overbought zone. This was/ is the case with the EURJPY at present. It carried on going up yet for a buy yet I did not go in as I thought not to enter given M1 fast trix being in overbought. What are your thoughts on this?

Thanks
  • #20,418
  • Sep 28, 2010 8:20am Sep 28, 2010 8:20am
Tread,

In relation to the GBPCHF trade you posted in response to my question, does that mean you look for the MA's to line up on both M1 and M5?

Thanks
  • #20,419
  • Sep 28, 2010 8:27am Sep 28, 2010 8:27am
Tread,

Im a little confused,

You said: "That is exactly what I do, I use the EA to set the basic conditions, then evaluate and place the trade.

I Monitor for
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M1 Cloud
M5 Cloud
M15 Cloud"

But on the template updated that you attached it monitors only the following:

M1 Cloud
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M15 Trix Slow

Sorry, I am just a little confused???
  • #20,420
  • Sep 28, 2010 8:44am Sep 28, 2010 8:44am
Quoting pips r us
Tread,

Im a little confused,

You said: "That is exactly what I do, I use the EA to set the basic conditions, then evaluate and place the trade.

I Monitor for
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M1 Cloud
M5 Cloud
M15 Cloud"

But on the template updated that you attached it monitors only the following:

M1 Cloud
M1 Trix Slow
M5 Trix Fast
M5 Trix Slow
M15 Trix Fast
M15 Trix Slow


Sorry, I am just a little confused???
Condition 1 is for the EA.... notice I manually check the MA Trend

The indicator is condition 2,

I reliased that I while I have the experience of reading the charts quickly, most people trying out the system will not, so I changed the settings to allow more time on a trade, notice in this, the trend is part of the indicator check in the EA it is not (testing this write now)

with Regards to your GBPCHF, yes I will check higher TF. Remember this is critical since you want to have higher probability that is the price action changes, then there is a good chance it will correct itself into the direction of the higher TF


This is the cross check you should use when establishing trend:-

M1 - 13, 21, 55, 89 233
M5 - 13, 21, 55, 89
M15 - 13, 21, 55

For those starting off, I suggest you stick to the above, as it will keep you out of a lot of bad trades. As you gain experience you will know which rules to stretch. The 233 you can play with, the other must be in order

All the trades posted so far adhere to the above...i think
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