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THV system, final edition

  • #22,301
  • May 9, 2011 6:53am May 9, 2011 6:53am

"A jest's prosperity lies in the ear
Of him that hears it, never in the tongue
Of him that makes it."


William Shakespeare



Quoting MissPips
Say 'Sir' with that! :-)
  • #22,302
  • May 9, 2011 9:58am May 9, 2011 9:58am
Hello, i have a question regarding the overbought/sold levels on the 5M TF.

i trade the 1M TF following the direction on the coral of the 5M TF. If i get the signals to go short on the 1M and the price is bellow the coral and the trix is red on the 5M i get in the trade.

My question is if i should take into consideration if the trix in the 5M is in oversold level to decide wether to get in or dont.

today i miss 1 very good scalp trade of about 20+ pips because of the oversold level in the 5M.

take a look at the setup i have bookmarked on my screen.

Should i avoid always the trades with 5m on those levels or it can be disregarded sometimes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1M.png Size: 37 KB
Click to Enlarge Name: 5M.png Size: 39 KB
  • #22,303
  • May 9, 2011 12:22pm May 9, 2011 12:22pm
Quoting Incanus
Hello, i have a question regarding the overbought/sold levels on the 5M TF.

i trade the 1M TF following the direction on the coral of the 5M TF. If i get the signals to go short on the 1M and the price is bellow the coral and the trix is red on the 5M i get in the trade.

My question is if i should take into consideration if the trix in the 5M is in oversold level to decide wether to get in or dont.

today i miss 1 very good scalp trade of about 20+ pips because of the oversold level in the 5M.

take a look at the setup i have bookmarked on...
according to the rules you were correct to stay out of the trade, but... if you would have had the adx on the 1 min and 5 min it would have told you if you could have scalp for 7 to 10 pips more with tight stop loss.
Look at something long enough, you will eventually get it.
  • #22,304
  • May 9, 2011 1:28pm May 9, 2011 1:28pm
You need to take into account the higher timeframes and
the general situation. For example, when the pair is in a range like it was until the end of last week, then it's good to pay attention to the o/b or o/s conditon of the trix. But if the pair has recently broken out of a range in which (for example) all the higher tfs were overbought, then it stands to reason that in order for the higher timeframes to get back down to a normal range, the lower ones, like the 5m are going to have to get stuck in oversold for quite a while in order for this to happen. (You can see this if you look at the 5m trix for the last three days.) In this type of situation, where you have had a recent breakout from a range at the top of an overbought area, you are better off using the ADX to judge the 5m trend, as mentioned above.
Quoting Incanus
Hello, i have a question regarding the overbought/sold levels on the 5M TF.

i trade the 1M TF following the direction on the coral of the 5M TF. If i get the signals to go short on the 1M and the price is bellow the coral and the trix is red on the 5M i get in the trade.

My question is if i should take into consideration if the trix in the 5M is in oversold level to decide wether to get in or dont.

today i miss 1 very good scalp trade of about 20+ pips because of the oversold level in the 5M.

take a look at the setup i have bookmarked on...
  • #22,305
  • May 9, 2011 1:57pm May 9, 2011 1:57pm
Hi Miss Pips!

Could you please tell me if Coral THV it's aproximate with LWMA 60 ? If I'm wrong please correct me.

Thank you
Best regards
  • #22,306
  • May 9, 2011 3:06pm May 9, 2011 3:06pm
Closer to the 60 SMA.

Quoting vasi
Hi Miss Pips!

Could you please tell me if Coral THV it's aproximate with LWMA 60 ? If I'm wrong please correct me.

Thank you
Best regards
  • #22,307
  • Edited 3:53pm May 9, 2011 3:21pm | Edited 3:53pm
MissPips look this
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 30 KB
  • #22,308
  • May 9, 2011 4:44pm May 9, 2011 4:44pm
[quote=clinto69;4603885]HI All,
  • #22,309
  • May 10, 2011 1:16am May 10, 2011 1:16am
Er ok. What in particular?

Quoting yasd810
MissPips look this
  • #22,310
  • May 10, 2011 1:52am May 10, 2011 1:52am
Quoting vasi
Hi Miss Pips!

Could you please tell me if Coral THV it's aproximate with LWMA 60 ? If I'm wrong please correct me.

Thank you
Best regards
Friend ...

THV coral is very close to

Value1 = 34 LWMA of close
and again it averaged with 34 EMA ... Value2 = 34 EMA Value1

To check this go to All my attachment named StayGain Trend point ....

Arun...
  • #22,311
  • May 10, 2011 11:29am May 10, 2011 11:29am
Hello everybody!

I don't mean to be gadfly and spam into your thread, but today i came across an indicator called "THV4 Trix MTF", and i found it really interesting.

I am not so much experienced with MT4 and programming, i've tried to look at the code of the indicator, but without success (Metaeditor just does not open when i try to modify the file).

What this indicator do? It compares Trix's slopes on various time frames?

Men i found it very precise, maybe too much precise (see picture for example, all set on "fast").. does it repaint or similar?

Sorry for the annoyance, but i can't really figure how to find the answers i need.

Thank you in advance,

Ste
Attached Image (click to enlarge)
Click to Enlarge Name: MFTRIX.PNG Size: 35 KB
  • #22,312
  • Edited 12:30pm May 10, 2011 11:57am | Edited 12:30pm
It is very sad that you do not know, how you trade on this system
  • #22,313
  • May 10, 2011 2:07pm May 10, 2011 2:07pm
Who? me or Ste?

Quoting yasd810
It is very sad that you do not know, how you trade on this system
  • #22,314
  • May 10, 2011 2:11pm May 10, 2011 2:11pm
Try reading the material on mtf repainting and the mtf manual from the first post on page1 and the posts in my tag line.

Quoting SteMag
Hello everybody!

I don't mean to be gadfly and spam into your thread, but today i came across an indicator called "THV4 Trix MTF", and i found it really interesting.

I am not so much experienced with MT4 and programming, i've tried to look at the code of the indicator, but without success (Metaeditor just does not open when i try to modify the file).

What this indicator do? It compares Trix's slopes on various time frames?

Men i found it very precise, maybe too much precise (see picture for example, all set on "fast").. does it repaint...
  • #22,315
  • May 11, 2011 12:51am May 11, 2011 12:51am
Quoting MissPips
Who? me or Ste?
No no no this message for Ste
  • #22,316
  • May 11, 2011 2:52am May 11, 2011 2:52am
Quoting MissPips
Try reading the material on mtf repainting and the mtf manual from the first post on page1 and the posts in my tag line.
Thank you Miss, will do that!

Quoting yasd810
It is very sad that you do not know, how you trade on this system
..I'm taking at look at it, but i'm not really into scalping, my TFs are 15' and 1h
  • #22,317
  • May 11, 2011 3:45am May 11, 2011 3:45am
Can you imagine,Misspips?
Attached Image (click to enlarge)
Click to Enlarge Name: Trading System.png Size: 193 KB
  • #22,318
  • May 12, 2011 1:38am May 12, 2011 1:38am
Gee, the trix...

Quoting ricmi
Can you imagine,Misspips?
  • #22,319
  • May 14, 2011 11:48am May 14, 2011 11:48am
Can anyone tell me how to call the value of the coral for use in an indicator? I would like to use the coral value to get some arrow signals.

Thanks,

Inkuumba
  • #22,320
  • May 14, 2011 10:44pm May 14, 2011 10:44pm
Can anyone tell me how to call the values of the Trix indicator so that I can use in expert advisors.
Barry
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