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THV system, final edition

  • #22,661
  • Aug 31, 2011 10:57am Aug 31, 2011 10:57am
Quoting itsallover
MissPips,
Here's what my screenshot looks like for version 4.64

......
and here's the entry for version 4.75 from the experts tab
2011.08.16 22:18:14SwissArmyMixedhistoV4.75 EURUSD,M5: Alert: SwissArmy histo EURUSD 5 Current score: 3 Last: 2


In all cases I've used the default settings.
That's a very pretty chart you have there!
Probability Professor
  • #22,662
  • Aug 31, 2011 2:39pm Aug 31, 2011 2:39pm
Quoting Galation
That's a very pretty chart you have there!
Its a Work In Progress

I must say I have done a fair amount of decluttering lately.
.... laughing all the way to the bank
  • #22,663
  • Sep 1, 2011 5:00am Sep 1, 2011 5:00am
Thought I'd post a loss today on a short and I'm pretty sure I know why - the bigger picture. Despite more than 6 MTF lights on the histogram (initially the first two lights were red, but repainted), a previous trix crossover, and trading with the coral and cloud, the PA decided to move long rather than short. Also, on the 1M chart, using HA candles, you can see that the PA clearly closed beyond the trend line (albeit just slightly). However, in the 15M chart, the candle never closed beyond this trend line using the regular candles. Next time, I need to be more aware of the bigger picture, keeping an eye on any candles that CLOSE beyond the trend line, rather than merely touching it. Also, I can see that the trix immediately looked indecisive despite the cross beforehand, so I probably should give more importance to the current trix movement rather than the previous.

I'm glad yesterday I had a more positive day, claiming around 30 pips - that at least keeps the spirits up

-Pigeon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Loss 1M.PNG Size: 79 KB
Click to Enlarge Name: Loss 15M.PNG Size: 66 KB
  • #22,664
  • Sep 1, 2011 8:19am Sep 1, 2011 8:19am
Quoting W.Pigeon
Thought I'd post a loss today on a short and I'm pretty sure I know why - the bigger picture. Despite more than 6 MTF lights on the histogram (initially the first two lights were red, but repainted), a previous trix crossover, and trading with the coral and cloud, the PA decided to move long rather than short. Also, on the 1M chart, using HA candles, you can see that the PA clearly closed beyond the trend line (albeit just slightly). However, in the 15M chart, the candle never closed beyond this trend line using the regular candles. Next...

My trade today..18 pips

http://i51.tinypic.com/j5cwhe.png
  • #22,665
  • Sep 2, 2011 2:10am Sep 2, 2011 2:10am
Hi all a few months ago I posted how I get free alerts sent to my mobile phone when using missPips SAH email alert function. Well it stopped working for me but with a little research it is working again. I now have to put :587 after the email in the smtp part, befor it worked without this. The updated instructions are below.

--------------------------------------------------------
The email provider gmx.com (it's free).

Now goto MT4 e-mail set-up

smtp: mail.gmx.com:587
smtp login: [email protected]
smtp password: ******(your password)
from: [email protected]
to: your phone [email protected] (your cell phone number or email; in my case [email protected])

---------------------------------------------------
  • #22,666
  • Sep 2, 2011 9:10am Sep 2, 2011 9:10am
Quoting W.Pigeon
Thought I'd post a loss today on a short
Hi. I think you should pay more attention to trix and how it looks like. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 02.09.png Size: 35 KB
Made in Ukraine
  • #22,667
  • Sep 3, 2011 10:12am Sep 3, 2011 10:12am
Quote
Hi. I think you should pay more attention to trix and how it looks like. Thanks.

Indeed, that would have been a much more safer, profitable, and downright wiser trade ... oh and less stressful too! Can't forget about that!

I think my decision to enter at the time that I did was due the fact that the fast trix was at the time red, but of course I didn't wait for the candle to close before I placed my trade. By the time the candle did close, it was green. Its so easy to be a bit over impetuous sometimes - should probably have some calming classical music on in the background
  • #22,668
  • Sep 7, 2011 11:47pm Sep 7, 2011 11:47pm
Hi

I most appreciate the work of THV cobraforex and team.
And i wonder that cobraforex orsomeone can create thv4 trix for hangseng index since i know that there is one for gold. i use that for trading hangseng. If it is possible for you ,cobraforex, to provide me with thv4 trix with new setting (the appropriate one) for hangseng index.

The problem with the thv4 trix Gold is sometimes the trix can be squezzed by itself and i cant see them. If you would like to try and see the problem, try open with fxcm broker..HKG33( the code for hangseng).

I use M1 and M5 to trade.

Thank you in advance Cobraforex, i hope you can help me with this useful indic.
  • #22,669
  • Sep 8, 2011 5:48am Sep 8, 2011 5:48am
Afternoon all. Hope you've all been raking in those pips!

Thought I'd just share another trade with you all that I've just done. Although it was a profitable trade, I could have easily got my 10 pip target if I entered the trade at an earlier signal and followed my rules correctly.

I should have entered at the first trix cross and 6 light MTF setup, rather than hesitate and wait for the second signal. I'm not sure why I was so concerned, especially as it was clear there was likely to be a breakout of price sometime soon. I exited due to the oversold signs on the Trix. However, 7 pips profit is 7 pips more than I had before, and I'm happy with that
  • #22,670
  • Sep 8, 2011 5:49am Sep 8, 2011 5:49am
Sorry I forgot my attachment... here it is...
Attached Image (click to enlarge)
Click to Enlarge Name: Sell 1M.PNG Size: 89 KB
  • #22,671
  • Sep 8, 2011 3:28pm Sep 8, 2011 3:28pm
Hi there

I,ve been trading the system in my forex demo account and have to say that I,m really happy with it! and the 70-80% winning trades rate got until now.

Would be possible to apply the system to the sterling trader pro platform in order to try it out in there? Could you tell me how can I do it?

Thanks
  • #22,672
  • Sep 9, 2011 1:53am Sep 9, 2011 1:53am
If you can code in that system - you can find the code
for simple versions of the indies in the THV HelpY1, ICHIMOKU and THV T3 Trix files posted many times in this thread which you will need to modify to whatever code that system uses.

Quoting DJxtrad
Hi there

I,ve been trading the system in my forex demo account and have to say that I,m really happy with it! and the 70-80% winning trades rate got until now.

Would be possible to apply the system to the sterling trader pro platform in order to try it out in there? Could you tell me how can I do it?

Thanks
  • #22,673
  • Sep 9, 2011 7:07am Sep 9, 2011 7:07am
Hi everyone. I was wondering if Miss Pips or anyone who is familiar with the 6 light trading system could help me on a trade I did today and point out if I may have done something wrong or if it was just one of those losses which is unavoidable.

I took the short after the 1M chart showed the 6 red lights and the red fast trix was well under the slow trix. Also, the 5M chart had a previous divergence favouring a short. My TP would have been the support level about 10 pips away.

Any comments would be much appreciated.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Loss.PNG Size: 86 KB
  • #22,674
  • Sep 9, 2011 3:33pm Sep 9, 2011 3:33pm
Thanks for the quick reply!.

Sorry but never programmed anything before so I,m a bit loss on this ...
As far as I understood I need to get the THV helpY1,ICHIMOKU and THV T3 Trix codes and code them in the sterling trader pro , Am I right?

On the other hand please could you tell me which ICHIMOKU file do I need to download as cannot get the blue set up you all get in the charts and get all covered up by lines instead .

Thanks
  • #22,675
  • Sep 10, 2011 1:42pm Sep 10, 2011 1:42pm
That's right. The ichimoku is just the one that comes with mt4 - it's the thv template that configures it like that.

Quoting DJxtrad
Thanks for the quick reply!.

Sorry but never programmed anything before so I,m a bit loss on this ...
As far as I understood I need to get the THV helpY1,ICHIMOKU and THV T3 Trix codes and code them in the sterling trader pro , Am I right?

On the other hand please could you tell me which ICHIMOKU file do I need to download as cannot get the blue set up you all get in the charts and get all covered up by lines instead .

Thanks
  • #22,676
  • Edited 3:53pm Sep 11, 2011 7:18am | Edited 3:53pm
Well what was right about it was that you took it in the direction of the trend on a fresh m5 fast trix change. Fresh is one of the key things to look for.

Unfortunately, on the 15 m chart you had a fresh trix cross up against the trade, bouncing off of a fib extension that had been providing very reliable support, and forming a W or double bottom pattern. So you should think that it's going to bounce up to restest a prior support, and be thinking about entering it on the way back down. The red line on the chart below shows how your 15 m chart looked just before you took the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 67 KB


If the 15 trix is crossed against the trade you should a least wait for a fresh 5 m trix where the 15 m trix is starting to loose momentum, which you can see when the histogram of the difference between the two lines turns back red again as it does a bit to the right. That's the place to enter on a fresh 5m fast trix.

The trade you took would have worked out ok if the stop was bigger. But what you have to remember when you are trading the 1m chart is that if one of the two higher timeframes starts retracing, the ATR for a 15m bar, say. can exceed your 1m tf stop. That's why it's better to actually look at the trixes on the two higher timeframes and see what they are doing.



Even though I invented the 6 lights method, when I did it we didnt have the mtf trix that you can see. Now, personally I prefer to have the trixes themselves on my charts so I can see what they are doing. For example, If you look at the chart below, you can see that what you actually had where you took the trade has both higher timeframe trixes crossed against the trade, after a double bottom followed by a higher low, which is not very auspicious for a short. Personally, I won't take a trade even if the 5m trix change is fresh unless I see the 15 trix starting to turn in favor of the trade also. And really, I only do that in a strong trend like we have been having lately. When the market is choppy I'd rather wait for a fresh 1m trix change inside a 5 m and 15m trix cross in favor of the trade as proof that a direction is emerging. .
Attached Image (click to enlarge)
Click to Enlarge Name: 15a.png Size: 69 KB






Quoting W.Pigeon
Hi everyone. I was wondering if Miss Pips or anyone who is familiar with the 6 light trading system could help me on a trade I did today and point out if I may have done something wrong or if it was just one of those losses which is unavoidable.

I took the short after the 1M chart showed the 6 red lights and the red fast trix was well under the slow trix. Also, the 5M chart had a previous divergence favouring a short. My TP would have been the support level about 10 pips away.

Any comments would be much appreciated.

Thanks
  • #22,677
  • Sep 11, 2011 9:12am Sep 11, 2011 9:12am
A great response MissPips as always

I absolutely love the trixes. This is my latest template- a hybrid of THV and Sonic.
I will go live in 2 weeks and post some charts then.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
.... laughing all the way to the bank
  • #22,678
  • Sep 12, 2011 3:28am Sep 12, 2011 3:28am
Quote
Well what was right about it was that you took it in the direction of the trend on a fresh m5 fast trix change. Fresh is one of the key things to look for.

Unfortunately, on the 15 m chart you had a fresh trix cross up against the trade, bouncing off of a fib extension that had been providing very reliable support, and forming a W or double bottom pattern. So you should think that it's going to bounce up to restest a prior support, and be thinking about entering it on the way back down. The red line on the chart below shows how your 15 m chart...

Thanks Miss Pips for that very informative response. I'll definitely try to reinforce my trading decisions with 15M action. I've been going through the whole thread, and I had noticed the MTF Trixes for multiple timeframes and very did look promising. I'll definietly consider incorporating them into my method. And thanks again Miss Pips

I'm really getting through these pages... on page 1278 at the moment! And I do seriously recommend anyone who is interested in the THV method to read the entire thread... theres some useful info throughout which is not apparent in the manual. Its all very helpful.
  • #22,679
  • Sep 12, 2011 10:47am Sep 12, 2011 10:47am
I really do like Miss Pips SAH ofcourse it is my settings that are getting these trades but they wouldn't be possible if I wasn't using her SAH. So once again thank you Miss Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: missPip.JPG Size: 97 KB
  • #22,680
  • Sep 12, 2011 1:45pm Sep 12, 2011 1:45pm
You're welcome!

Quoting neild1971
I really do like Miss Pips SAH ofcourse it is my settings that are getting these trades but they wouldn't be possible if I wasn't using her SAH. So once again thank you Miss Pips.
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