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THV system, final edition

  • #23,281
  • Feb 8, 2012 3:22am Feb 8, 2012 3:22am
I think MTF approach is not needed at all.

Did some research over last couple of weeks with in database about every single trade. Took only good signals = fast/slow cross before the cloud, with entry at cross of the cloud. I noted in a table at each trade where the coral, 5min fast, 15min fast, 3min fast and his histo was, how big was the DD and how big possible max profit.
As I look at dosens of trades, the lay-out of any of these condition is absolutely accidental at winning and losing trades.
In the table I do not see any MTF combination which has better probability for losing or winning trades. So my conclusion is - it does not matter if you look on 5min, 15min, 3min of even on coral for trade confirmation (of course I'm not talking abou trend lines and S/R lines at these time frames, it's an other story).

So if anyone want to master THV, all you need is to look on indicators in your timeframe only.
  • #23,282
  • Feb 8, 2012 4:10am Feb 8, 2012 4:10am
Quoting colombino
I think MTF approach is not needed at all.

Did some research over last couple of weeks with in database about every single trade. Took only good signals = fast/slow cross before the cloud, with entry at cross of the cloud. I noted in a table at each trade where the coral, 5min fast, 15min fast, 3min fast and his histo was, how big was the DD and how big possible max profit.
As I look at dosens of trades, the lay-out of any of these condition is absolutely accidental at winning and losing trades.
In the table I do not see any MTF combination which...
How did u choose exit points?
I think your backtest did not prove anything because thv trix repaints in live conditions so its hard to do any backtest if u play the rule to exit position at fast trix change colour
  • #23,283
  • Feb 8, 2012 4:28am Feb 8, 2012 4:28am
Quoting Micheel
How did u choose exit points?
I think your backtest did not prove anything because thv trix repaints in live conditions so its hard to do any backtest if u play the rule to exit position at fast trix change colour
I never saw trix repaint itself. Never. And I'm sure nobody else did. This indicator is non-repainting.
What is "repainting" is the MTF trix histogram, but only because different timeframes closing times. This issue was discussed here many times.

As a SL a chose last swing low/high,TP tested for TP=SL, TP=2x SL, TP=1/2SL and TP= fast color change.
  • #23,284
  • Feb 8, 2012 4:38am Feb 8, 2012 4:38am
Quoting colombino
I never saw trix repaint itself. Never. And I'm sure nobody else did. This indicator is non-repainting.
What is "repainting" is the MTF trix histogram, but only because different timeframes closing times. This issue was discussed here many times.

As a SL a chose last swing low/high,TP tested for TP=SL, TP=2x SL, TP=1/2SL and TP= fast color change.
ok got cha I was talking about MTF trix histogram. And I didnt mind to attack you. No offence ) I just want to say that whenever TP is at fast color change its not reliable
I know it was discussed here and I fully understand that it repaints and why.
  • #23,285
  • Feb 8, 2012 9:28am Feb 8, 2012 9:28am
Quoting toafdawg
Just took get entry on rainbow signal. Long on EURUSD @ 1.3253. Took +12 pips. Too easy.
What rainbow indi do you have? Can you attach? Thank you.
  • #23,286
  • Feb 8, 2012 9:30am Feb 8, 2012 9:30am
Quoting MissPips
Please see above post. Also please try the latest version before reporting a bug. I'm sure you can understand that the latest versions contain the latest bug fixes, and that I am not going to go backwards and fix bugs in all 70 something versions.
I understand perfectly. Didn't mean to upset you. Thanks for your contribution.
  • #23,287
  • Feb 8, 2012 9:33am Feb 8, 2012 9:33am
Quoting colombino
I think MTF approach is not needed at all.

Did some research over last couple of weeks with in database about every single trade. Took only good signals = fast/slow cross before the cloud, with entry at cross of the cloud. I noted in a table at each trade where the coral, 5min fast, 15min fast, 3min fast and his histo was, how big was the DD and how big possible max profit.
As I look at dosens of trades, the lay-out of any of these condition is absolutely accidental at winning and losing trades.
In the table I do not see any MTF combination which...
What set up do you have? Can you attach a screenshot? Thank you.
  • #23,288
  • Feb 8, 2012 9:33am Feb 8, 2012 9:33am
When a Signal occurs,
you have to wait till the actual Candle closes
to make a trade and to be 100 % sure.

and i noticed, i receive very nice results when the constalation occurs that the M1, M5 and M15 Candle expire at the same time,
i.e in M1 10 second till the new Candle, switch to M5,
in M5 also and in M15 also.

Then with a proper Signal..
How to opt out annoying user signatures ??
  • #23,289
  • Edited 10:13am Feb 8, 2012 9:40am | Edited 10:13am
You have it exactly backwards. The trix itself does 'repaint' not only before a bar is closed (which is not really repainting, but if you are making a decision before a bar closes can affect you) but it ALSO repaints closed bars on occasion. See the last two screenshots in the following post. The trix histo (or SAH) preserves the original condtion that the trix was in before it repainted (both legitimately, because the bar was not closed, and illegitimately after the bar was closed) until it is inited in some fashion.

However, as you correctly note, the trix histo can't be used for backtesting because when it is added to a chart 'after the fact' it does not show the same info as it would have in real time.

http://www.forexfactory.com/showthre...06#post4130806

Quoting colombino
I never saw trix repaint itself. Never. And I'm sure nobody else did. This indicator is non-repainting.
What is "repainting" is the MTF trix histogram, but only because different timeframes closing times. This issue was discussed here many times.

As a SL a chose last swing low/high,TP tested for TP=SL, TP=2x SL, TP=1/2SL and TP= fast color change.
  • #23,290
  • Edited Feb 9, 2012 2:34am Feb 8, 2012 11:46am | Edited Feb 9, 2012 2:34am
Well, I don't advocate using the MTF approach while paying no attention to S/R and trend lines. On the contrary, I advocate using it to confirm that a line is going to 'stick.' This particular setup, which I have shown many times is very successful. Just today you had four of them - all good with 15 p/10 pip (+ spread) SL/TP.

And this on a day where the range was about 40 pips.

You look for a place where you think a trade will be based on S/R and then you use a simultaneous RB/higher tf trix flip to confirm it's going to stick and trade the first flag/dip (or as close to the flip as you can get with the indicators confirming it)

The criteria are:

1) Reversal pattern at S or R (like H&S DT DB or 123)
2) Rainbow compresses and flips
3) 5 m trix flips
4) 15 m trix flips (preferably or at least both the same color as the trade)
5) Trade first dip ( as indicated by 1m trix)
6) Price is above the coral
7) The outer layer of the rainbow is the right color (i.e green for longs, red for shorts).This is instead of using the ichimoku - it is usually more stringent.
Check that there is room for the trade ( i.e no pivot closer than 10 pips, if in range the edge should be at least 10 pips away)
Invalidated if the first dip indicated by the trixes all lining up is far away from the flips, as can happen when there is a giant move with no retrace) or higher tf trix in o/b or o/s

Attached Image (click to enlarge)
Click to Enlarge Name: 02082012.jpg Size: 92 KB


and the reverse

Attached Image (click to enlarge)
Click to Enlarge Name: 02082012-2.jpg Size: 102 KB



Quoting colombino
I think MTF approach is not needed at all.

Did some research over last couple of weeks with in database about every single trade. Took only good signals = fast/slow cross before the cloud, with entry at cross of the cloud. I noted in a table at each trade where the coral, 5min fast, 15min fast, 3min fast and his histo was, how big was the DD and how big possible max profit.
As I look at dosens of trades, the lay-out of any of these condition is absolutely accidental at winning and losing trades.
In the table I do not see any MTF combination which...
  • #23,291
  • Feb 8, 2012 1:21pm Feb 8, 2012 1:21pm
Quoting MissPips
Well, I don't advocate using the MTF approach while paying no attention to S/R and trend lines. On the contrary, I advocate using it to confirm that a line is going to 'stick.' This particular setup, which I have shown many times is very successful. Just today you had four of them - all good with 15 p/10 pip (+ spread) SL/TP.

And this on a day where the range was about 40 pips.

You look for a place where you think a trade will be based on S/R and then you use a simultaneous RB/higher tf trix flip to confirm it's going to stick and trade the first...
Miss Pips,
Can you please tell me what those two indicators you have at the bottom of your chart? I haven't seen it before. how does it work? How do you read that indicator?

Will you be kind enough to attach a template of your chart? Haven't been doing all that well and any help would be greatly appreciated.Thank you so much Miss Pips.
  • #23,292
  • Feb 8, 2012 1:44pm Feb 8, 2012 1:44pm
MissPips, thank you for the MTF explanation post.

Perfect introduction post for a new Thread, in my mind
How to opt out annoying user signatures ??
  • #23,293
  • Edited 2:06pm Feb 8, 2012 1:52pm | Edited 2:06pm
Here you go. The indicators on the bottom are the higher tf trixes. What I am actually doing here is trading the 5m trix, but trying to make sure that when I trade, I am getting in in the area between the beginning and middle of a 5 m swing at a point when both the 1m trix and the 15 m trix are favorable so that there is a little drawdown/possibility of reversal as possible.



Quoting FXSwissTrader
Miss Pips,
Can you please tell me what those two indicators you have at the bottom of your chart? I haven't seen it before. how does it work? How do you read that indicator?

Will you be kind enough to attach a template of your chart? Haven't been doing all that well and any help would be greatly appreciated.Thank you so much Miss Pips.
Attached File(s)
File Type: tpl rbema3.tpl   83 KB | 943 downloads
File Type: ex4 THV4 Trix called.ex4   28 KB | 951 downloads
File Type: ex4 THV T3 Trix MTFv1.10wcolorhist.ex4   17 KB | 939 downloads
File Type: ex4 THV T3 Trix.ex4   6 KB | 821 downloads
File Type: ex4 MA in Color_wAppliedPriceV1.ex4   6 KB | 1,038 downloads
File Type: ex4 Pivot Points Multitimeframeb.ex4   50 KB | 894 downloads
  • #23,294
  • Feb 8, 2012 2:17pm Feb 8, 2012 2:17pm
Quoting MissPips
Here you go. The indicators on the bottom are the higher tf trixes. What I am actually doing here is trading the 5m trix, but trying to make sure that when I trade, I am getting in in the area between the beginning and middle of a 5 m swing at a point when both the 1m trix and the 15 m trix are favorable so that there is a little drawdown/possibility of reversal as possible.

Thank you Miss Pips. I couldn't find the rainbow indi though. Do you have a manual of sorts with your version of the THV strategy?
  • #23,295
  • Feb 8, 2012 2:33pm Feb 8, 2012 2:33pm
Did you copy the MAincolor indie to your indicators folder and load the template on a 1m chart? After you do that do you see the rainbow?

Quoting FXSwissTrader
Thank you Miss Pips. I couldn't find the rainbow indi though. Do you have a manual of sorts with your version of the THV strategy?
  • #23,296
  • Feb 8, 2012 3:08pm Feb 8, 2012 3:08pm
Quoting MissPips
Did you copy the MAincolor indie to your indicators folder and load the template on a 1m chart? After you do that do you see the rainbow?
Yes Miss Pips. I upload exactly like I always do when I upload to my MT4. When I pull up the template though, It only has a white screen and THV trix called indi on it. Nothing else. Thank you.
  • #23,297
  • Feb 8, 2012 3:18pm Feb 8, 2012 3:18pm
Can you post a screenshot showing your screen, your indicators list and the messages in the experts tab?

Quoting FXSwissTrader
Thank you Miss Pips. I couldn't find the rainbow indi though. Do you have a manual of sorts with your version of the THV strategy?
  • #23,298
  • Feb 8, 2012 3:33pm Feb 8, 2012 3:33pm
Quoting MissPips
Can you post a screenshot showing your screen, your indicators list and the messages in the experts tab?

How do I perform a screenshot? Sorry
  • #23,299
  • Feb 8, 2012 3:36pm Feb 8, 2012 3:36pm
I use printscreen and a photo editor but if you dont have one I think that in the mt4 file menu you have 'save as picture'. I don't think that will save your indicators list so see if you can use Paint after you press printscreen to do it.

Quoting FXSwissTrader
How do I perform a screenshot? Sorry
  • #23,300
  • Feb 8, 2012 3:43pm Feb 8, 2012 3:43pm
Quoting MissPips
I use printscreen and a photo editor but if you dont have one I think that in the mt4 file menu you have 'save as picture'. I don't think that will save your indicators list so see if you can use Paint after you press printscreen to do it.
Ok. This is my screenshot after downloading all the indis and template you posted.
Attached Image (click to enlarge)
Click to Enlarge Name: misspips screenshot.jpg Size: 99 KB
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