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1 Min THV Flag Trading

  • #101
  • May 18, 2011 3:41pm May 18, 2011 3:41pm
Quoting BJ1
I see a set of indies with a template was posted early on in this thread but then there were indies that were removed. Can someone pls tell me exactly which indicators are being used atm and is the template on page 1 the most up to date one being used?
BJ1

Template on 1st page is template that is all you need for rules. There were some traders having problem with loading so I stripped extra indi's out.

But any of the 3 templates will work and all have the same settings.

Hope this helps.
Happy Trading
JTee
  • #102
  • May 18, 2011 4:11pm May 18, 2011 4:11pm
Quoting Sarythsaya
Cheers JTee for this system - I have seen many trading systems in the past that basically waited until all timeframes agreed and then entered the trade - and I have been looking at ways to combine this with the flag trading method....
Sarythsaya

You've done your homework yes the donchian break on the 1 min is very close to a lot of the 5 min Flag Break with + 50 rule on flag trading the trend. They have just recently revised their rules to take more trades. I have not looked into all the changes yet.

Their trades usually have a bigger SL and target then on the 1 minute.
I find i get more trades on the 1 minute its more just my style. I also am away from pc and wait till i here the Alert v 17 call me and market is usually in a decent move.

I have used pro act charts in the past the proprietary signal they have coincides a lot of times with the 4 tf alert and they wait for 50% retrace and enter. There charts are $200 per month but the trading room with James Harrison was priceless. He has taught me more then anyone. I would recommend them anytime. They have a two week free trial and that gets you access to trading room.


Happy Trading
JTee
  • #103
  • May 18, 2011 4:48pm May 18, 2011 4:48pm
Hi Jeff. I have Alert v17 now. Can you explain which settings you need to set for the THV MTF to call?
  • #104
  • May 18, 2011 6:52pm May 18, 2011 6:52pm
Quoting alllivemind
Thanks!
JTee1,
Are you saying you entered 1/3 (or 1/4, if you entered another .3 later) of your position at the red line? Simply because you went from 3 green to four green at what seemed to be a pt #3 of the 1-2-3?
I am going to analyze tonight's chart, which is very choppy. I did manage to make about 18 pips though, using this system.
Michael
edit: last night looks very difficult to number, and the breakouts don't go far. Just a choppy night, or a good night to take off!
alllivemind

Entry at break of donchian on 123 trades which ussualy have only 3 of the 4 lights it just happened to turn the 4th lite before entry. but I have script set at .1 lot and labeled 123 trade on preset of the buy script.
I would set script to .3 lot on next retrace and break of donchian if all 4 tf are still same color or in harmony.
If you can send me a markup of what you seen as 123, I'm not sure what currency you were trading and I'll mark it up also. so were on the same page.
  • #105
  • May 19, 2011 12:18am May 19, 2011 12:18am
Quoting JTee1
alllivemind

Entry at break of donchian on 123 trades which ussualy have only 3 of the 4 lights it just happened to turn the 4th lite before entry. but I have script set at .1 lot and labeled 123 trade on preset of the buy script.
I would set script to .3 lot on next retrace and break of donchian if all 4 tf are still same color or in harmony.
If you can send me a markup of what you seen as 123, I'm not sure what currency you were trading and I'll mark it up also. so were on the same page.
Thanks!
  • #106
  • May 20, 2011 7:18am May 20, 2011 7:18am
hi...thanks for the useful thread..
is there any sound alert for THV 4 time frames indicator?
regards,
  • #107
  • May 20, 2011 10:53am May 20, 2011 10:53am
Quoting JTee1
........... I have an alert that calls me when conditions are right and I head to my pc. Tired of staring at candles for 12 hours a day. ........
Please how do you set the alert ?
  • #108
  • May 20, 2011 11:33am May 20, 2011 11:33am
Quoting JTee1
Indicators
The zip files seems corrupt. been tryin to open them without success. Please anyone have d unzipped ones?
  • #109
  • May 22, 2011 8:31am May 22, 2011 8:31am
Quoting fosters
The zip files seems corrupt. been tryin to open them without success. Please anyone have d unzipped ones?
Fosters there hasn't been any other complaints about the zip files being corrupt

Happy Trading
JTee1
  • #110
  • May 22, 2011 8:42am May 22, 2011 8:42am
Quoting ahmedfouad77
hi...thanks for the useful thread..
is there any sound alert for THV 4 time frames indicator?
regards,
ahmedfouad77
Yes the alert i use to call me to pc when trade conditions are ready is the alert in the Expert advisor Alert v17 and is in your metatrader sound files after you install the EA and can be edited to any sound you like. My Alert is set for 5min Slow 15 30 60 min Fast. All 4 TF in Harmony

Happy Trading
JTee1
  • #111
  • May 22, 2011 8:48am May 22, 2011 8:48am
Quoting fosters
Please how do you set the alert ?
fosters

Alert v17 is set for 5 min Slow 15,30,60 min fast. I use sound alert true when these 4 conditions are met. Then look for trade according to rules. The sound file is in your meta trader and can be edited to any sound you would like. Hope this helps. Sorry for delay answering.

Happy Trading
JTee1
  • #112
  • May 23, 2011 10:41am May 23, 2011 10:41am
Hello,

Is this good setup to short? 1 minute chart EUR/USD
Attached Image (click to enlarge)
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  • #113
  • May 24, 2011 12:54am May 24, 2011 12:54am
I really like this strategy. I've already made several successful trades over the last week. One thing that I'd like to add, is that I have a separate 5 min chart with the donchian channel on it. This gives me a feel for some more significant levels and waves. Also, if you're doing any kind of wave analysis, I try to get in on the 3rd wave. If its not on that wave, I don't typically trade it.
  • #114
  • May 25, 2011 8:29am May 25, 2011 8:29am
Quoting doman
Hello,

Is this good setup to short? 1 minute chart EUR/USD
Doman

Yes that is the essence of flag trading a trend. Any TF will do.

Happy Trading
  • #115
  • May 25, 2011 8:32am May 25, 2011 8:32am
Quoting toafdawg
I really like this strategy. I've already made several successful trades over the last week. One thing that I'd like to add, is that I have a separate 5 min chart with the donchian channel on it. This gives me a feel for some more significant levels and waves. Also, if you're doing any kind of wave analysis, I try to get in on the 3rd wave. If its not on that wave, I don't typically trade it.
Toafdawg

always good idea to be aware of higher TF. Are you looking at 3rd wave on 1 min TF or 5 min?

Happy Trading
JTee1
  • #116
  • Edited 11:31am May 25, 2011 11:19am | Edited 11:31am
nice 12.2 pip after news.
Attached Image (click to enlarge)
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  • #117
  • May 25, 2011 11:50am May 25, 2011 11:50am
Quoting JTee1
nice 12.2 pip after news.

Hello,

may I ask, did you only that 1 trade or you continued? My trades on demo was correct?

Thank you
Attached Image (click to enlarge)
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  • #118
  • May 25, 2011 1:16pm May 25, 2011 1:16pm
Quoting doman
Hello,

may I ask, did you only that 1 trade or you continued? My trades on demo was correct?

Thank you
Doman

Those were Correct entries. I only took the one trade just because it was getting close to noon, price usually stalls 11:30 to 12:30.

Happy Trading
JTee1
  • #119
  • May 25, 2011 1:26pm May 25, 2011 1:26pm
Quoting JTee1
Doman

Those were Correct entries. I only took the one trade just because it was getting close to noon, price usually stalls 11:30 to 12:30.

Happy Trading
JTee1
Thanks

And that getting out on B/E was luck of patience or it was legit?

:-)
  • #120
  • May 25, 2011 1:44pm May 25, 2011 1:44pm
Hi Jtee. Do you have any stats on your trading this method? Things like winning % and avg #pips per trade. Thanks.
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