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THV system, final edition

  • #20,441
  • Sep 28, 2010 12:48pm Sep 28, 2010 12:48pm
Quoting Tread
Attached is a set file with

TP - 25
SL -15
TrailingStop 15
Captial Protection - 10
Buffer - 1

Captial protection means that when the system moves 10 pip it will lock in the value under the Buffer.

Regarding ATR, I am a big fan of it, but for the purposes of scalping I would suggest hard targets. In a slow build up ATR values are low, you could exit out because of the low values, when you should just ride it. Like wise with high volatility, u could get some very high values that may be unrealistic.

If you could break up the order(your order size),...

Hi Tread. What folder I put these .set files?
  • #20,442
  • Sep 28, 2010 1:04pm Sep 28, 2010 1:04pm
Ideally you should place them in the "Preset" Folder. This folder is in the experts folder.

Or you can save to any convenient location. Load the set files require that you navigate to it to load. the preset is the default, but it could reside anyway, once it is accessible to load it
  • #20,443
  • Sep 28, 2010 1:23pm Sep 28, 2010 1:23pm
Thank Tread, yes I think the 3 stage set file is almost identical to the one i had set up for myself and was experimenting using. Thanks again.

Alot of discussion has taken place regarding correct entries on this thread and of course such is imperative however, I still feel a little lost regarding when to correctly exit. I have read the earlier threads you posted Tread on the ADX strength and understand that if in a buy, as the EURUSD was earlier this afternoon, when the -DI starts to show strength and the +DI fall (so as to fall below 20) exit can be here. However, how about if touches the 25/20 line but then increases again? or if the ADX line holds strong and which timeframe to look at.

So should I wait for the ADX to fall? If so on occasions the trend still carries on for up to 20 pips. Are these pips attainable at only luck then?

My thinking behind this is just logical in the sense that if we can mechanise the entry so well, there must equally be a way to mechanise the exits?

Thanks
  • #20,444
  • Sep 28, 2010 2:07pm Sep 28, 2010 2:07pm
[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

Hi Tread

I can modify the V20A and make it into an alert and also remove some of the unused alerts to make it less cpu heavy. I see what you have listed above is different than what you have in your screen shot. LIf you want I can tailor the Alert to save on the CPU.
  • #20,445
  • Sep 28, 2010 2:33pm Sep 28, 2010 2:33pm
Seller9,

From what I understand from Tread he uses only the following by way of an alert from your alert indi then confirms M1 FT, ADX, MA and S&R manually:

M1 Cloud
M1 S Trix
M5 F Trix
M5 S Trix
M15 F Trix
M15 S Trix
Trend (M5)
  • #20,446
  • Sep 28, 2010 2:53pm Sep 28, 2010 2:53pm
Quoting pips r us
I have read the earlier threads you posted Tread on the ADX strength and understand that if in a buy, as the EURUSD was earlier this afternoon, when the -DI starts to show strength and the +DI fall (so as to fall below 20) exit can be here. However, how about if touches the 25/20 line but then increases again? or if the ADX line holds strong and which timeframe to look at.

So should I wait for the ADX to fall? If so on occasions the trend still carries on for up to 20 pips. Are these pips attainable at only luck then?

My thinking behind this...
I'll post some example of exits tomorrow of trades I'll take in the EU Session, but pull up some of my old charts with the ADX, all lot of them are marked with the ADX used as exit, with details.

The basic premise is that you watch the current timeframe for weakness... DI approaching each other, DI crossing .... and wait for this to be reflected in the higher timeframe ADX. Once the Higher Timeframe Di start to move toward each other that is when you exit.

With the implementation of the EMA's. Watch the 13 EMA for signs of flatting, this is also as indication that the steam is running out of the current move. That can be use as an exit. The constant narrowing of the distance between the 13 and 21 EMA is a bad sign and you should exit.
  • #20,447
  • Sep 28, 2010 4:31pm Sep 28, 2010 4:31pm
Thanks Tread.

I feel like your help today has made me understand more in a day than I usually do in a week. For that, thank you.
  • #20,448
  • Sep 28, 2010 5:12pm Sep 28, 2010 5:12pm
[quote=seller9;4055866]
Quoting Tread
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

Hi Tread

I can modify the V20A and make it into an alert and also remove some of the unused alerts to make it less cpu heavy. I see what you have listed above is different than what you have in your screen shot. LIf you want I can tailor the Alert to save on the CPU.
Seller, you can add an indicator Trix cross and ADX for each TF?
  • #20,449
  • Sep 28, 2010 5:48pm Sep 28, 2010 5:48pm
[quote=ozma;4056229]
Quoting seller9

Seller, you can add an indicator Trix cross and ADX for each TF?
A lot of things can be added, but what I would like to do is make it simple to keep the cpu usage down so you can watch multiple pairs at the same time. I am also leaning towards a Dash Board type where all the pairs indicators would be shown in one window, this way you wouldn't have to place it on each chart. What ever the concensus of the group is I can try and work towards. Only logical indicators can be programed, the final look or even gut fealing to buy or sell has to be made by the trader, anyone who has tryed to program an EA to trade a perfect trading system knows it doesn't work, or we would all be rich.
Let me have your opinions, but lets keep it simple and ideas from this forum.
Good Luck
  • #20,450
  • Edited Sep 29, 2010 11:17am Sep 28, 2010 6:50pm | Edited Sep 29, 2010 11:17am
can somebody tell me how to set up (wich indicators), for this template:
http://www.forexfactory.com/newreply...te=1&p=4055912
some help will be appreciated.
thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: clean template.gif Size: 36 KB
  • #20,451
  • Sep 28, 2010 7:41pm Sep 28, 2010 7:41pm
[quote=seller9;4056279]
Quoting ozma

A lot of things can be added, but what I would like to do is make it simple to keep the cpu usage down so you can watch multiple pairs at the same time. I am also leaning towards a Dash Board type where all the pairs indicators would be shown in one window, this way you wouldn't have to place it on each chart. What ever the concensus of the group is I can try and work towards. Only logical indicators can be programed, the final look or even gut fealing to buy or sell has to be made by the trader, anyone who has tryed to program...
to make one Dash Board for a lot of pairs is a great idea, but I think that the ADX for each TF is also not a bad idea
  • #20,452
  • Sep 28, 2010 7:54pm Sep 28, 2010 7:54pm
Here is a tip on recognizing a false entry.

Watch the shape of the trix being formed, as it can signal indecision in the market. Example in the atatched

All trix may line up,
Adx is good,
Fan is good,

BUT is the trix is barely moving, you want to stay away. Let the trix build some height.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_2047.png Size: 61 KB
  • #20,453
  • Sep 28, 2010 8:03pm Sep 28, 2010 8:03pm
Why testing the trend on the higher TimeFrame is important

The breakout on the USDJPY shoudl have yeilded nice pips. Why did we not enter?

Because the EMA on the M15 where not lined up properly.

Before the EMA, with all the Indicators lined up, we would have taken the entry, gone 7 pips in profit, the trend would have reversed and hit the stop loss to breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_2054.png Size: 57 KB
  • #20,454
  • Sep 28, 2010 9:48pm Sep 28, 2010 9:48pm
Quoting Tread
Why testing the trend on the higher TimeFrame is important

The breakout on the USDJPY shoudl have yeilded nice pips. Why did we not enter?

Because the EMA on the M15 where not lined up properly.

Before the EMA, with all the Indicators lined up, we would have taken the entry, gone 7 pips in profit, the trend would have reversed and hit the stop loss to breakeven.

hi again Tread
so what you are saying its that for example, if i have all conditions met in M1 i most shift to M5 and see if all the EMAs are in the same trend? including the 233? or do you think its a risky trade if i enter a trade only if all conditions are met (all EMAs, cloud, adx) and 2 time frames trix in the same direction? or i stringly need so see the next TF EMAs supporting the trade?

thank you and have good one!
passion and discipline
  • #20,455
  • Sep 28, 2010 10:00pm Sep 28, 2010 10:00pm
this is probably a dumb question, but how do i get the pipware adx charts on the bottom. i have no problem with the trix and ha candles, but i can't seem to find the adx.
  • #20,456
  • Sep 28, 2010 10:14pm Sep 28, 2010 10:14pm
Hello Friends....

I have got "thv chop histo BarV 3.1.2" from old posts....
Attached Image (click to enlarge)
Click to Enlarge Name: thv.gif Size: 22 KB
Attached Image (click to enlarge)
Click to Enlarge Name: thv1.gif Size: 27 KB


It filtered some bad entries....

Attached File(s)
File Type: ex4 thv chop histo BarV3.1.2.ex4   12 KB | 892 downloads


Regards

Arun...
  • #20,457
  • Sep 28, 2010 10:15pm Sep 28, 2010 10:15pm
Quoting toafdawg
this is probably a dumb question, but how do i get the pipware adx charts on the bottom. i have no problem with the trix and ha candles, but i can't seem to find the adx.

It only looks like pipware, but it is a standalone indicator

you can get it here
http://www.forexfactory.com/showpost.php?p=3984173
  • #20,458
  • Sep 28, 2010 10:37pm Sep 28, 2010 10:37pm
Quoting rohule
hi again Tread
so what you are saying its that for example, if i have all conditions met in M1 i most shift to M5 and see if all the EMAs are in the same trend? including the 233? or do you think its a risky trade if i enter a trade only if all conditions are met (all EMAs, cloud, adx) and 2 time frames trix in the same direction? or i stringly need so see the next TF EMAs supporting the trade?

thank you and have good one!
The short EMAs must line up also on the higher timeframe ...these are the safest entries. The 233 is should also fall in line, but I am beign flexiable on it. I tend to use the 233 more a directional tool and how far the price action is away from the 233

I think it is very risky to not consider the higher TF, as the USDJPY example a breakout was short lived. If we had considered the higher timeframe The safest entries are when all EMA are lined up on the 2 time frame.
  • #20,459
  • Sep 29, 2010 2:12am Sep 29, 2010 2:12am
I tried to add a Trix divergence mode in an Ea using THV tread rule and indic "THV3 Trix called" found in "THV the EA".

I writed the following code in an ea in order to draw an arrow and nothing happens. Does someone have an idea why?
Thanks in advance
if (iCustom(Symbol(), 0, "THV3 Trix called", 20, 35, 1, 4, 0) != EMPTY_VALUE)
{
Arrow="A"+DoubleToStr(TimeCurrent(), 0);
ObjectCreate(Arrow,OBJ_ARROW,0,TimeCurrent(), Bid - 0.0001 );
ObjectSet(Arrow,OBJPROP_ARROWCODE,SYMBOL_ARROWUP); }
if (iCustom(Symbol(), 0, "THV3 Trix called", 20, 35, 1, 5, 0) != EMPTY_VALUE)
Arrow="A"+DoubleToStr(TimeCurrent(), 0);
ObjectCreate(Arrow,OBJ_ARROW,0,TimeCurrent(), Ask + 0.0001 );
ObjectSet(Arrow,OBJPROP_ARROWCODE,SYMBOL_ARROWDOWN); }
Attached File(s)
File Type: mq4 THV3 Trix called.mq4   34 KB | 661 downloads
  • #20,460
  • Edited 3:25am Sep 29, 2010 2:53am | Edited 3:25am
Attached Image (click to enlarge)
Click to Enlarge Name: thv1.jpg Size: 132 KB
Attached Image (click to enlarge)
Click to Enlarge Name: thv1.gif Size: 23 KB

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