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THV system, final edition

  • #21,261
  • Nov 2, 2010 12:32am Nov 2, 2010 12:32am
I've been trying to find instructions on what the chop histo measures but have been unable. Can somebody who knows post the link or give a brief explanation? Thanks.
  • #21,262
  • Nov 2, 2010 12:56am Nov 2, 2010 12:56am
Quoting toafdawg
I've been trying to find instructions on what the chop histo measures but have been unable. Can somebody who knows post the link or give a brief explanation? Thanks.
hi

http://www.forexfactory.com/showthre...36#post3752236

here the code of chop indicator ... this will answer to your question...

arun...
  • #21,263
  • Edited 1:27am Nov 2, 2010 12:56am | Edited 1:27am
The chop histo is derived from Dean Malone from CompassFx's suggestion that you should not trade a pair when the HA candles on the four hour chart are between the 5 period smoothed MA based on the price high and the 5 period smoothed MA based on the price low. I adapted this as a signal for any time period, not just the 4 hour because when you are trading the 1m chart you can still get trades when the four chart is in the channel but when the 15 and 5 charts are in the channel it's tough.

It is red whe the HA candles are below the channel, green when they are above it and yellow (or empty in the case of the SAH ) when they are in it. He also uses it as a signal to trade when the candles are above or below it, though we should wait for confirmation from THV.

The code for calculating the values of the chop histo is in this post

http://www.forexfactory.com/showpost...ostcount=18526


Quoting toafdawg
I've been trying to find instructions on what the chop histo measures but have been unable. Can somebody who knows post the link or give a brief explanation? Thanks.
  • #21,264
  • Nov 2, 2010 1:23am Nov 2, 2010 1:23am
Thanks for answering that. Guess we were both writing at the same time...

Quoting arunsideas
hi

http://www.forexfactory.com/showthre...36#post3752236

here the code of chop indicator ... this will answer to your question...

arun...
  • #21,265
  • Nov 2, 2010 1:34am Nov 2, 2010 1:34am
Quoting MissPips
Thanks for answering that. Guess we were both writing at the same time...
Yes Friend...
  • #21,266
  • Nov 2, 2010 1:50am Nov 2, 2010 1:50am
Quoting MissPips
http://www.forexfactory.com/showpost...ostcount=20144
Thank you very much for your generous contributions to fellow forex traders!
  • #21,267
  • Nov 2, 2010 2:32am Nov 2, 2010 2:32am
Quoting nsteve
Thank you very much for your generous contributions to fellow forex traders!

hi, can someone post a screenshot of how a fully loaded template with all the relevant indicators look like.. im having trouble keeping up with the thread's posts and diversions... haha.. =x

i've loaded that indis from http://www.forexfactory.com/showpost...ostcount=20144 and this is how it looks...

http://img340.imageshack.us/img340/9412/63425886.th.jpg

Uploaded with ImageShack.us
  • #21,268
  • Nov 2, 2010 3:00am Nov 2, 2010 3:00am
Hello everyone.
It was just to say that I'll give a try to the THV system.
I've read the whole thread from start to grasp the philosophy behind THV. That was quite something.

Right now I'm using it in demo and it's quite tough. Altough the rules are simple I have difficulties to really judge if it's a true signal or not. When you go backwards it's easy to analyze. But when you see the PA moving it's really hard.

So far I have 30% of success.

If you guys could you give me a precision. Do you test rules on the past candle or current candle ?

Thanks for the system anyway I'm sure I'll master it one day.
  • #21,269
  • Nov 2, 2010 6:48am Nov 2, 2010 6:48am
hey neild,

can you give some information about your cavemanager settings? thanks, derox
  • #21,270
  • Nov 2, 2010 9:03am Nov 2, 2010 9:03am
An example of divergence trading:we have bullish divergences on M60 chart and strong uptrend.At the same time we have bull divergence on M5 chart, 5,15 and 30m trix are above zero line...and here is result.
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  • #21,271
  • Nov 2, 2010 9:42am Nov 2, 2010 9:42am
Quoting derox
hey neild,

can you give some information about your cavemanager settings? thanks, derox
Hi Derox, I am only a newbie at playing with the cavemanger. It has helped me alot as i have no self control so it takes all the human side out of closing trades for me. Below is a screenshot of my settings but maybe more exp people will have more of an idea then me, there is also a link included below to the PDF cavemanger 1.41 user manual.

http://www.forexfactory.com/showpost...ostcount=18341

Maybe a more exp person can tell you about the no loss buffer, I am going to go and experiment with it now.
Attached Image
  • #21,272
  • Edited 9:57pm Nov 2, 2010 12:24pm | Edited 9:57pm
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This is second trade ... First one closed with 4$ .. total 4+7 = 11 with 0.01 lot size.

THV with ADX .... Thanks Tread...

Arun
  • #21,273
  • Nov 2, 2010 2:50pm Nov 2, 2010 2:50pm
Using 4 hour chart on THV version 3 template.

I exchange Stochastic on 4 hour chart cuz using Trix on 4 hour chart is quite slow. so i change to stoch.

my target is 100pips

http://preview.shareapic.net/preview7/023771234.gif
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  • #21,274
  • Edited 3:41pm Nov 2, 2010 3:30pm | Edited 3:41pm
Hi Leo

Since Trix default is 20/35 and the Stoch is 8/3/3, you will always have the stoch being quicker. However when you compare both the trix and stoch using the same averaging period, in my opinion, the trix reacts faster, especially for spotting divergences

See comparison of 8/13 Trix and 8/3/3 Stoch

It also helps in identifying the divergences earlier that using stochastic for the same 8 period average of the stochastic
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  • #21,275
  • Nov 2, 2010 4:09pm Nov 2, 2010 4:09pm
Hi Tread,

Thanks for you help. I think because the Trix i am using is an old version. This version of Trix i am using cannot change the setting. Please take a look at the photo

http://preview.shareapic.net/preview7/023772089.gif

Can you upload the Trix you are showing on the picture so I can download it?
thanks Tread.


Quoting Tread
Hi Leo

Since Trix default is 20/35 and the Stoch is 8/3/3, you will always have the stoch being quicker. However when you compare both the trix and stoch using the same averaging period, in my opinion, the trix reacts faster, especially for spotting divergences

See comparison of 8/13 Trix and 8/3/3 Stoch

It also helps in identifying the divergences earlier that using stochastic for the same 8 period average of the stochastic
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  • #21,276
  • Edited 4:35pm Nov 2, 2010 4:22pm | Edited 4:35pm
See Attached

It is included in the V4 installer, along with templates

EDIT:

V4 trix has a parameter called "hot (1.2)" and is different from V3 Trix hot which is set to 0.7. The hot parameter can be seen in the diferent amplitudes of the Trix

To stick to use a V3 Trix with configurable parameter use the MTF Trix v1.9
Attached File(s)
File Type: ex4 THV4 Trix V1.0.ex4   72 KB | 1,049 downloads
File Type: ex4 THV T3 Trix MTFv1.9wcolorhist.ex4   12 KB | 1,023 downloads
  • #21,277
  • Nov 2, 2010 4:50pm Nov 2, 2010 4:50pm
Quoting neild1971
Look at Miss pips link a few posts above this one that has all the SAH indicators, the Pipware Charts v6.2 is in the indicator folder for this thread look in the right hand top corner there is a number with a paper clip symbol it will be in there, the others should come with THV V4.
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actually here they are below just unzip
this folder icluds avery think or just the SAH files
2) in what folder do I have to put it in
  • #21,278
  • Nov 2, 2010 6:26pm Nov 2, 2010 6:26pm
Quoting NateSpecs
Leoforex,

trading THV on 4h hour... what´s been your experience so far? How long have you been trading it on a time frame this high?

Thank you
Trading 4 hour Chart can give me a clear idea than smaller time frame. I have been trading in about one month. I think using THV can trade any time frame. It is a good trading system.
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  • #21,279
  • Nov 2, 2010 11:38pm Nov 2, 2010 11:38pm
Quoting yab
this folder icluds avery think or just the SAH files
2) in what folder do I have to put it in
Hi Yab, it includes everything, templates go in template folder and everything else in the indicator folder.
  • #21,280
  • Nov 3, 2010 12:33am Nov 3, 2010 12:33am
I figured I'd start posting some of my trades as this thread seems to be slowing down. I took this trade a couple of hours ago. I typically go for 10-15 pips per trade with a 15 pip sl.
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