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THV system, final edition

  • #21,441
  • Nov 17, 2010 6:41am Nov 17, 2010 6:41am
Quoting MissPips
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.
Are you scalping? If so are you using 1m as your trigger and how many higher have to agree?

Right now I'm using 1M as my trigger, and 5M, 15M have to be under coral with the trix agreeing.

I also have question about the coral I could not find. Is the color of the coral significant or not? I've just been worrying about above/below regardless of color and it's been working out pretty good. But, I'm just sclaping.
  • #21,442
  • Nov 17, 2010 6:52am Nov 17, 2010 6:52am
First trade of the day. +25 Don't know if you can call +25 a scalp. I held on longer than normal because looking at recent past price action and S&R levels it looked like it would go short this far.

I had to wait through a coulple of small retraces, went +8, +14, +8, +4, then finally started going in one direction. So, in hindsight I might have been better off getting out around +10 and looking for another entry, since I am scalping.

I just followed the rules above/below coral only, cloud cross, trix cross. To filter direction I watched for 5M and 15M to be under coral, and trix to agree
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  • #21,443
  • Nov 17, 2010 7:05am Nov 17, 2010 7:05am
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 tp,...
I think I see what you want to do, you want to trail your negative stop forward before the +18 is hit.

So, the stop moves right with price right from the get go as you entered instead of just waiting to hit +18 before it starts? If so I'm not aware of any borkers that offer that. Would be great though, as this is a great technique for taking risk out of a trade as price moves, instead of putting the trade at BE right away and risking getting stopped out at 0 a lot.

Here is how trailing stops work with my borker IBFX, I think most are similar:

15 pip trailing stop.
Price has to hit +16 before it kicks in, because it is a 15 pip trailing stop.
At +16 , +1 is locked in.
So, from there if it backs up 15 pips you are out at +1.

If it keeps going it keeps trailing and locking in, at +17 you have +2 locked.

I personlly don't use automatic trailing stops, every time I tried them with short term trading they seemed to always just stop me out of good trades a whole lot. And since they don't kick in, until you are in profit, your original SL is in place, so they don't help with the risk end of the trade.
  • #21,444
  • Nov 17, 2010 7:50am Nov 17, 2010 7:50am
fantastic day,I cought 70% of what is offered from the market.
Cheers
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  • #21,445
  • Nov 17, 2010 8:27am Nov 17, 2010 8:27am
Yes, I'm scalping. Personally I usually need at least 1m f 5m fast, 15m fast, coral and 1m rainbow to agree and I prefer it if the 5 trix is crossed and the 15m slow and 5m rainbow are also in agreement.

But it also depends where I think we are in the trend . For example in choppier markets there is one trade I look for when there is some reversal pattern followed by a rainbow flip and three lower highs and lower lows ( or vice versa) and then a big enough retrace to make the 5m trix go against the trend. If the 15 trix and 5m adx are still good with the trade and not more than 3 15 m bars have passed since the trix cross on the 15, and the 5m slow is still with the trade or both 5 m lines are against it but going flat then I will trade a trix cross on the 1m in the direction of the rainbow if its the first retrace after a rainbow flip and price is above/ below the coral, and above/ below the rainbow edge. I wouldn't do that more than once per trend though becasue the reason is that that trade happens right after a trend reversal and some people are still trying to buy the dips (if was an uptrend) enough to reverse the 5m trix but not the longer term strength of the reversal and that top that is created by people still trying to buy the dips is often a nice place to enter (in a reversal to the downside) even if the 5 trix hasn't switched back over yet.

Like here for example

Quoting KumoDragon
Are you scalping? If so are you using 1m as your trigger and how many higher have to agree?

Right now I'm using 1M as my trigger, and 5M, 15M have to be under coral with the trix agreeing.

I also have question about the coral I could not find. Is the color of the coral significant or not? I've just been worrying about above/below regardless of color and it's been working out pretty good. But, I'm just sclaping.
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  • #21,446
  • Nov 17, 2010 9:01am Nov 17, 2010 9:01am
Hi there, again! I apologize in case the question I ask is in the wrong thread, or the question violates its policy.
The question was about some rules encoded in the trix indicator that makes it change the color. How do they work?
May be MissPips or Tread would be so kind to answer or to point me to the right info, or tell me if I'm wrong.
Thanks in advance.
  • #21,447
  • Nov 17, 2010 9:32am Nov 17, 2010 9:32am
Quoting ricmi
fantastic day,I cought 70% of what is offered from the market.
Cheers
Are you trading divergence trades??

How many pairs are you watching?? Always on 5m chart?

Can you share your nice template and indis??

Thanks in advance.
"Being picky only cost your time - not MONEY"...Hans
  • #21,448
  • Nov 17, 2010 9:37am Nov 17, 2010 9:37am
Many thanks, that was very helpful. I have to reread it twice when I have time. Maybe there are more questions soon. Be prepared!

BTW, to Cobra (sorry for german language but I have to greet a compatriot in the native tongue): Einen weiteren Gruß aus dem inzwischen kalt gewordenem Norden Deutschlands wünsch ich Dir. Dank THV wird der Winter bestimmt nicht langweilig und grau. Immerhin habe ich immer noch ca. 1k Seiten zu lesen

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...
  • #21,449
  • Nov 17, 2010 10:47am Nov 17, 2010 10:47am
Hello everybody,

sorry if I'm asking here, but I couldn't solve or found in this thread the reason why the divergence draw lines in the chart but NOT in the indicator window (obviously, though I set it in hte inputs).. I'm using the V4 version downloadable from the first post..
someone can help me? thank you very much
Mattia
  • #21,450
  • Nov 17, 2010 11:32am Nov 17, 2010 11:32am
Goldsurfer - I don't understand what you mean when you say that
the chop histo has a bug in it and that it is inaccurate after the chart has been inactive and you have to reload the template - if you are not referring to the MTF 'repaint' issue. Can you post a screen shot showing what you mean?
  • #21,451
  • Nov 17, 2010 11:33am Nov 17, 2010 11:33am
First, try to check the property of the indicator "THV4 Trix V1.0".
There you can check:

drawPriceTrendLines
drawIndicatorTrendLines
ShowIn1MChart

If that doesn't solve the problem (you wrote, that you did) it is for sure something cobra is aware of and gets fixed with the next update. It's a problem with the background of the template in version 4. The divergence is there but it is covered with the background.

(No solution for that problem but to see that the divergence is there: If you mark the background with that blue rectangle and drag and drop it to a different place you can see the divergence on the chart. Auto scroll has to be turned of.)

Quoting coocosnest
Hello everybody,

sorry if I'm asking here, but I couldn't solve or found in this thread the reason why the divergence draw lines in the chart but NOT in the indicator window (obviously, though I set it in hte inputs).. I'm using the V4 version downloadable from the first post..
someone can help me? thank you very much
Mattia
  • #21,452
  • Nov 17, 2010 1:48pm Nov 17, 2010 1:48pm
Hey, folks! No answer I found to my question. So, I do prefer not to dezassembling THV's. What makes the color of the trix? PLzzzz
  • #21,453
  • Nov 17, 2010 2:39pm Nov 17, 2010 2:39pm
iMag

A comparison of the current vs previous condition ( 0 vs 1) would provide the indicator with the information to "color" the trix. If you need help on how to construct multi colored indicators see here

Please note, threaten to decomplie an indicator is the best way to get zero help.
  • #21,454
  • Nov 17, 2010 4:16pm Nov 17, 2010 4:16pm
First, thanks to everyone who has answered my periodic questions over the past few months. This methodology is very, very good IF one stays consistent with the basic principles and then follows those. This may be more a reminder to me than a statement to everyone else. As long as I don't jump in ahead of time, this is solid! Thanks to all who have contributed along the way.

I'm using THV4 and use the 1.2 hot parameter. I stay away from the 1 minute and use the 5 minute/15minute charts. I also use the Ind Alert v20A. I believe the cloud parameters are 2,3,5 in that indicator. THV3 uses 2,3,5 and THV4 uses 2,5,8. What have people found to be the best for consistency, especially jumping up one time frame as me. I think it's 6 of 1, half a dozen of the other and might not make much difference although it is important for consistency with the alert.

I've gone through everything in this forum, copied off some of the responses and made notes. If anyone is presently using the 5 minute/15 minute charts as I am, I would be interested in any additional thoughts and possibly chatting futher with those people.

Again, thanks to everyone for all that has been contributed here.

Steve
  • #21,455
  • Nov 18, 2010 2:13am Nov 18, 2010 2:13am
Hi all,
Could u plz let me know how many bars for mt4 setting so that it could reduce cpu ussage and thv still work good?

Max bars in history=????
Max bars in chart=???

Thkx in advance
  • #21,456
  • Nov 18, 2010 3:46am Nov 18, 2010 3:46am
I hope someone will answer my questions. They've probably been answered in this incredibly long thread, but I really don't have the time to go through it all or even search through all the search results, so I hope someone will answer.

First is about the market hours setting in THV3. My broker's time is GMT+1, and I have tried to change the setting in THV3 Market Hours. Setting for YourBroker_GMT_TimeZone value is 0. I've changed it to 1, but it always resets itself to 0. What should I do? This is important for pivots.

Second is about the cloud settings. Someone has said that for THV3 the parameters are 2,3,5 but for THV4 they are 2,5,8. Can I please have confirmation on this? I think someone else has said that they settings are 2,5,8 for THV3 as well, but i'm not absolutely sure. Someone please clarify for me please.

Thank you for your answers!
  • #21,457
  • Nov 18, 2010 6:24am Nov 18, 2010 6:24am
First of all, thank you very much for your reply, FXler..

Of course, I checked all you said before posting, but nothing has changed.. and I don't think that it's a problem regarding the background, as I tried different ones.. beside this, I noticed that the "THV4 Trix called" draws the lines in both chart and indicator.. but it's not as customizable as the other trix indicator..

Quoting FXler
First, try to check the property of the indicator "THV4 Trix V1.0".
There you can check:

drawPriceTrendLines
drawIndicatorTrendLines
ShowIn1MChart

If that doesn't solve the problem (you wrote, that you did) it is for sure something cobra is aware of and gets fixed with the next update. It's a problem with the background of the template in version 4. The divergence is there but it is covered with the background.

(No solution for that problem but to see that the divergence is there: If you mark the background with that blue rectangle and drag...
  • #21,458
  • Nov 18, 2010 7:37am Nov 18, 2010 7:37am
I'm using 1M, 5M, 15M to scalp for 5-15 pips a pop.

Can some of the scalpers who have been using cobras stuff a while, give me an opinion on when it is safe to start scalping again after waiting for red news events to be over?
  • #21,459
  • Nov 18, 2010 7:46am Nov 18, 2010 7:46am
Quoting MissPips
Goldsurfer - I don't understand what you mean when you say that
the chop histo has a bug in it and that it is inaccurate after the chart has been inactive and you have to reload the template - if you are not referring to the MTF 'repaint' issue. Can you post a screen shot showing what you mean?
Like I said "My Bad"

You and others are using, must be ok. I just don't get along with histobar indys.

cheers
  • #21,460
  • Nov 18, 2010 8:05am Nov 18, 2010 8:05am
Hi cocosnest,

on screenshot one (Trix) you see that the background ist covering the divergence lines. I klicked at the background and removed it a little bit.

on screenshot two (PA) you can see that4 the background is not covering the lines. I can't see the divergence lines on the trix-window but I can see them on PA-window like in your case. Lines should overlay the background or the background should underlay the lines on trix indicator window. For PA it is working. That is something only cobra can change. Maybe someone knows a workaround?

Btw. does anyone know a solution to get the 5 minute Coral to the one minute chart? That would definitely relief my neck not turning my head all the time from one monitor (5M) to the other (1M)

Quoting coocosnest
First of all, thank you very much for your reply, FXler..

Of course, I checked all you said before posting, but nothing has changed.. and I don't think that it's a problem regarding the background, as I tried different ones.. beside this, I noticed that the "THV4 Trix called" draws the lines in both chart and indicator.. but it's not as customizable as the other trix indicator..
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