THV system, final edition | Page 1072 | 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

  • #21,421
  • Nov 16, 2010 1:15pm Nov 16, 2010 1:15pm
Hello,

(another try to make my first post here. All the others didn't show up. I don't know why. If I did violate a forum rule, please tell me but I think everything was okay! Mails to the admins were without response too.)

At first, thanks to all of you spending so many hours on thv and tweaks to make this availabe. I am reading this thread for a few weeks now. I am learning everything from scratch since two months. Every day I get more and more things to know. Thanks!

A question to MissPips: Your SAH indicator is a great support! I am new to that. There are so many options. I would like to know what you prefere to show up on your SAH. What fits best for you in combination with THV? Thanks in advance

( I hope my post will show up!)
  • #21,422
  • Nov 16, 2010 1:42pm Nov 16, 2010 1:42pm
Quoting KumoDragon
For the last year or more I've been trying to come up with an edge or learn one. To that end I've been trying things in demo and live for quite a while.

Part of my personal problem is probably system hopping, I'll admit it. But, for me if something doesn't have a good outcome over 10 trades and I can honestly say I followed the rules and didn't make bad mistakes, like trading counter to bad news, thats enough for me to think a method isn't going to do well in the long run.

I actually found the cobra stuff a year ago and tried to use it on longer...

well congratulations
could you please suport your educational words by charts (both winner and looser trades)
thanks
  • #21,423
  • Nov 16, 2010 1:45pm Nov 16, 2010 1:45pm
Quoting Tread
Go to the chart, press "F7", Click on the "Common" Tab. make sure that the major options are checked and the suboptions unchecked.

I have one question about this EA
Is this EA opens and closes trades automatically or closes only manual opened trades???
  • #21,424
  • Nov 16, 2010 2:33pm Nov 16, 2010 2:33pm
Quoting hipofiz
I have one question about this EA
Is this EA opens and closes trades automatically or closes only manual opened trades???
Cavemanager is a trade manager, manual trades only.

There is a fully automated EA for this method here. With the latest version here. An the latest update here.
  • #21,425
  • Nov 16, 2010 3:59pm Nov 16, 2010 3:59pm
Quoting hipofiz
well congratulations
could you please suport your educational words by charts (both winner and looser trades)
thanks
Educational? LOL, I was commenting about my first day using cobra for scalping, not trying to teach anyone anything.

All I did was follow the basic rules as best as a could. I did 9 trades from about 1100-1700. So, I'm not going to post charts on 9 trades. To correct my past post it was 9 trades, 8wins, 1 loss. Not 11, I somehow miscounted when I was done for the day.

Like I said looking back, it was obvious to me that I could have had much better entries on a few of them. I'm not saying I have any new or better way to scalp using the cobra stuff.

I was just commenting on how well it worked out my first day live with it, just by following the basic rules.

Maybe it's a just a fluke or dumb luck, I don't know. Which is why I said I hope that I can keep this up consistently, as long as I follow the rules.

I've tried lots of the free methods here on FF, and they all look great on charts and some even trigger some really nice trades, but I always seem to run into some sort of gotcha that makes the method to unreliable to be used as an edge. (And no it's not me being undisicipled or something like that, I am a VERY self disiplined person.)

Which is also why I decided to give scalping a whirl and change my approach from intra day trend trading to scalping.

Most of what I've tried thus far I've gone forward with the purpose of trying to get in at the start of the US session and catch the overall daily movement with a 1-2 good trades. About 50% of the time I could catch a nice trade with great pips then just give it back the next day. I might get in a good trend trade with an ultimate goal of 50-100, but the problem with that is when do you get out if the trade doesn't go your way right away, or goes postive and hangs. Not a fast enough turn around to establish results and with the nature of the forex market a trade that looks golden one moment can whip back and take out a huge gain you waited all day to develop.

So, anyway, thats why I'm trying scalping and the cobra stuff. I'm more concerned with consistency and percentage increase than big pip numbers.

If I can get consistent scalping and being positive account at it every day, then all that is left is for me is to affix a money management strat on top of that, that will grow my account. Off the top of my head, just based on today I'm thinking going for a 50 pip gain a day isn't unreasonable. Max loss per day would be 50 pips with 25 pips being the max loss per trade.

Anyways I'm rambling. I guess I'm overly excited at doing good scalping my first day. I'll probably tank tommorrow, lol.

All I did was read the manual, most of this thread and apply the rules. I had a 50 pip hard stop and 25 mental. I judged the larger trend by looking at 5,15-30,4H charts. 1M was my trigger. I watched for round numbers and areas of support and resistance and the resistance points plotted by the template. So, I hope that helps if you are asking what I did.
  • #21,426
  • Edited Nov 17, 2010 12:12am Nov 16, 2010 11:20pm | Edited Nov 17, 2010 12:12am
I'm trying to learn this system, but am having issues finding clear answers on a few things. I've posted a chart below and am using the THV4 MTF Template and EA so my questions relate directly to that templat.

1) The Coral - the instructions say to short only below the coral, and long only above the coral. Does that mean the entry should ONLY be taken if the candle opens above or below, or can the entry be durring the same candle provided its has pushed through (IE if it opened above the coral, has dropped 5 pips and is now below the coral, trix have crossed and are both in the red - is this now a valid short entry or do I need to wait for the next candle to start and ensure the trix are still the same colour?

2) What are the red and green squares at the bottom of the chart? I cant seem to find this answer anywhere, and how do they asist in determining and entry / exit?

3) What significance does the charts background have when it has turned red / green?

4) What is the blue wave through the chart how is it read?

Thanks for your help!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 55 KB
  • #21,427
  • Nov 16, 2010 11:35pm Nov 16, 2010 11:35pm
In that particular moment I would wait more for a long setup confirmation, look at the previous 4H support and 1H candle.


Quoting imperatorfr
But at 16h30 the price it was above coral !

And here ? It's good sell entry ?

http://img833.imageshack.us/img833/3810/sellu.jpg
  • #21,428
  • Nov 16, 2010 11:43pm Nov 16, 2010 11:43pm
Quoting sapper6fd
I'm trying to learn this system, .....
Watch higher TF's for support and resistance and wait for a rule confirmation on your trading TF.

The color change of the chart is only an alarm to remember that there is a possible trade which you have to confirm.

There are many parameters to take in account, session times (open/close), news, S&R on higher TF's, Fibs and so on.
  • #21,429
  • Nov 17, 2010 12:03am Nov 17, 2010 12:03am
Quoting KumoDragon
+6, -16, +5, +4, +10, +9, +11, +6, +15. +50 for the day.
That's great, buddy. Now tell me how long it takes to You to stare at the price candles to rip that points? Hope it wasn't "from dusk 'till dawn", ha?
  • #21,430
  • Nov 17, 2010 12:09am Nov 17, 2010 12:09am
Quoting Andrej
Is it possible to use this script on Jforex? Or some way to transform it?
Andrej, most of us use MT4 for charts and execute the trades on our broker's live platform.

No need to translate the codings that way, it might need very good skills to do it.
  • #21,431
  • Nov 17, 2010 12:17am Nov 17, 2010 12:17am
To team THV. Trying to create my own EA on EA - Electronic Assistant on Expert Adviser. So with Your unspoken agreement I use Your indices for my own job. But there are some questions about how Trix is working. I tried to find how it changes its color. I noticed that although the current candle has finished forming the color of the trix could change even at the next candle. The question is why? Will somebody be so kind to help understand trix behavior for latter coding? Thanks in advance.
  • #21,432
  • Edited 2:07am Nov 17, 2010 1:51am | Edited 2:07am
Quoting sapper6fd
I'm trying to learn this system, but am having issues finding clear answers on a few things. I've posted a chart below and am using the THV4 MTF Template and EA so my questions relate directly to that templat.

1) The Coral - the instructions say to short only below the coral, and long only above the coral. Does that mean the entry should ONLY be taken if the candle opens above or below, or can the entry be during the same candle provided its has pushed through (IE if it opened above the coral, has dropped 5 pips and is now below the coral, trix...
If you are trying to learn this system - you will have to do some reading.
Most of the answers you can find at page 1.
First of all you applied 1M template to 5M TF. It`s not good.
That template called "6 lights method from MissPips".
If you download and READ all files and manuals from page 1 - you will see.
Red and green squares - indi called SwissArmyHysto.

http://www.forexfactory.com/showpost...ostcount=20876

Blue wave - Ichimoku cloud.
Made in Ukraine
  • #21,433
  • Edited 5:31am Nov 17, 2010 2:41am | Edited 5:31am
Well, I dont use the SAH to make my trading decisions. (I used to do it when I used the 6 points method before I found that there is an MTF trix that you can see, but since then basically I have discovered that of the 6 points I always want the 1m fast trix, the 5m trix and 15 m trix in my favor which is already 5 points and if trading in the direction of the rainbow there is definately another point there somewhere.) So now I trade using the MTF Trix 1.9 because I like to see how the actual trix looks not just what color it is. Also I like to see how the rainbow looks and I like to see a familiar trading formation (like double tops or bottoms or H&S and lower higs and lower lows or vice versa). I look to trade the first retracement of a 5m trix cross (as measured by the 1m f turning back in the direction of the trend) IF enough other items look good. Here is a trade I took this morning in spite of the fact that it was right on top of the weekly S1 and the 15 trix cross was not fresh. The reasons I took it was that
1) I can't hardly ever remember a trade that looked like that failing
2) PA had just broken resistance at1.3483 after three attempts and I thought that the retrace from that was going to try for the 38.2 fib on the chart, which was also the 200 FE of the previous last up move on the 15 chart.

I do have various versions of the SAH on my chart just for info to see if I can find anything that can beat the trix, but frankly, so far I haven't - the only exception being that now I do like to see the 5m ADX rising at the same time as the 5 m trix cross I'm looking to get a retrace off of. I do also like the 3 MAs narrow and widening just because it shows me that I am getting it after there has been a nice contraction and consoladation which is now ending, but you can also see that by eye.
Quoting FXler
Hello,

(another try to make my first post here. All the others didn't show up. I don't know why. If I did violate a forum rule, please tell me but I think everything was okay! Mails to the admins were without response too.)

At first, thanks to all of you spending so many hours on thv and tweaks to make this availabe. I am reading this thread for a few weeks now. I am learning everything from scratch since two months. Every day I get more and more things to know. Thanks!

A question to MissPips: Your SAH indicator is a great support! I am new...
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 151 KB
  • #21,434
  • Edited 4:25am Nov 17, 2010 4:10am | Edited 4:25am
wondering if anybody can help me with this. i set the classic trailing stop to 18. but it's not working the way i expected it to.

what i want it to do is, once i am in profit, from the high point of my trade, -18 pips, then close trade.
so for example, if i reach +10 pips, and then it starts out going south, and the trade never sees higher than +10 pips again.... i expect the trade to close at -8 pips (highest point minus 18).

thanks.

edit: one more thing, after it's activated, if i close the mt4 platform, will it still execute when tp, sl or trailing stops are hit?
  • #21,435
  • Nov 17, 2010 4:34am Nov 17, 2010 4:34am
Quoting chiba_san
wondering if anybody can help me with this. i set the classic trailing stop to 18. but it's not working the way i expected it to.

what i want it to do is, once i am in profit, from the high point of my trade, -18 pips, then close trade.
so for example, if i reach +10 pips, and then it starts out going south, and the trade never sees higher than +10 pips again.... i expect the trade to close at -8 pips (highest point minus 18).

thanks.

edit: one more thing, after it's activated, if i close the mt4 platform, will it still execute when...
I am not sure, but I think classic trailing stop of 18 pips
will start working when you are in a profit 18 pips.
When you close MT4 platform - trailing stop will not work because it needs active cavemanager.
If you have your TP and SL set (i.e. 1.3950 and 1.3990) - they will work after you close MT4.
Made in Ukraine
  • #21,436
  • Nov 17, 2010 4:41am Nov 17, 2010 4:41am
thanks badass.

then how can i achieve what i want to achieve as described by previous post?

i reckon even if i close the mt4, the tp and sl will still work since i noticed that it plugged in the numbers into those slots already. i guess just the trailing stop would not work, right?
  • #21,437
  • Nov 17, 2010 4:53am Nov 17, 2010 4:53am
Quoting iMAG
That's great, buddy. Now tell me how long it takes to You to stare at the price candles to rip that points? Hope it wasn't "from dusk 'till dawn", ha?
Those were within the U.S. London overlap, which is where I always trade. 1100-1700
  • #21,438
  • Nov 17, 2010 5:09am Nov 17, 2010 5:09am
Quoting chiba_san
thanks badass.

then how can i achieve what i want to achieve as described by previous post?
You can try to do something with "Capital_Protection".


Quoting chiba_san
i reckon even if i close the mt4, the tp and sl will still work since i noticed that it plugged in the numbers into those slots already. i guess just the trailing stop would not work, right?
I guess so.
Made in Ukraine
  • #21,439
  • Nov 17, 2010 5:10am Nov 17, 2010 5:10am
Quoting MissPips
Well, I dont use the SAH to make my trading decisions. (I used to do it when I used the 6 points method before I found that there is an MTF trix that you can see, but since then basically I have discovered that of the 6 points I always want the 1m fast trix, the 5m trix and 15 m trix in my favor which is already 5 points and if trading in the direction of the rainbow there is definately another point there somewhere.) So now I trade using the MTF Trix 1.9 because I like to see how the actual trix looks not just what color it is. Also I like to see...
Is this generally what people are doing to judge the strengh of a 1M scalp? Wait for the 1M, 5M, 15M trix to all be going in same direction while all are on the same side of the coral?
  • #21,440
  • Nov 17, 2010 6:29am Nov 17, 2010 6:29am
It's just what I do. There are lots of different methods. I think many peope, however, do confirm that at least the 5m trix is in favor of the trade.

Quoting KumoDragon
Is this generally what people are doing to judge the strengh of a 1M scalp? Wait for the 1M, 5M, 15M trix to all be going in same direction while all are on the same side of the coral?
15 traders viewing now, 1 is registered:
cuogzuzu