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THV system, final edition

  • #23,761
  • May 21, 2012 7:25am May 21, 2012 7:25am
Hi Everyone - this is my first post so please excuse any screw-ups! I'm in the middle of a trade which appears to be going well. I think I have followed all the rules.

1. Daily Trend - Short (entered trade above open so was cautious but eventually broke that pivot.
2. S&R on the M5 was broken short (two red horiz line)
3. PA below the coral & Cloud
4. MTF Lights giving close to optimum signals (5/6 reds)

Using Cavemanager - once price hit 15pip it banked 50%, Then it traded through to my 20pip target.

My real challenge at the moment is using an effective MM strategy, this was on a demo account for practice with stupid sized lots etc.

Edit: Apologies for the screenshot!
Attached Image (click to enlarge)
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  • #23,762
  • May 21, 2012 8:40am May 21, 2012 8:40am
hello everyone!

sorry for the stupid question surely answered hundreds of time in all the past pages but couldn't find it!

Regarding coral, I got the bias indication of it, but what about the colour of it? does it affect the bias or what is it needed for?

Many thx
  • #23,763
  • May 21, 2012 8:42am May 21, 2012 8:42am
Another reasonable trade today... shame I was AFK!

-6 Lights red
-Steady increase in volumes
-Trendline break on 15 mins
-Rainbow flip

Would have TP at support, 8 pips away.
  • #23,764
  • May 21, 2012 8:48am May 21, 2012 8:48am
Quote
Hi Everyone - this is my first post so please excuse any screw-ups! I'm in the middle of a trade which appears to be going well. I think I have followed all the rules.

Yes, that looks like the one I posted actually! Yeah you seem to have followed the rules. However, if your using the Miss Pips 6 lights method, then you seem to be missing another SAH light indicator at the bottom. I think you need another 4 batch of lights for "15 slow", "30 fast", "30 slow", and "60 fast". However, the standard template may have been changed since then.

Good trade tho if I don't say so myself! XD
  • #23,765
  • May 21, 2012 10:05am May 21, 2012 10:05am
Hey all. Thought I'd share this possible setup, which I did not take, despite the confirmation of 1, 5, and 15 min trixes. In the first screenshot, you'll see the trixes line up together quite nicely. However, I was a little concerned about this possible setup for a number of reasons:

-Volumes in M1 chart were steadily becoming weaker (Screenshot 1).
-Price was around the 61.8 mark in M5 chart (Screenshot 2).
-Trix was overbought in M5 (Screenshot 2).
-Price was around the 38.2 mark in M15 chart (Screenshot 3).
-Price was almost at trendline in M15 (Screenshot 3).

So, I didn't take the trade, being my cautious self. However, the price actually broke that trendline and rose quite significantly. While writing this post, the price actually got to the Daily Pivot and would have secured a nice 10 pips (Screenshot 4). Despite a very messy trix in M1, the trade would have been a success.

What do you all think? Was I right to stay out of the trade, or do you think I should have gone for it anyway? I'll be really interested to hear your views about it, whether you use the rainbow method or otherwise

Thanks!
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  • #23,766
  • Edited 9:32pm May 23, 2012 8:44pm | Edited 9:32pm
Sorry for the english google translator

MTF says the rules should I use a TP of 10 pips and 15 pips SL

Does TP of 15 pips and SL 10 would work?

You think you have enough momentum to reach 15 pips?

thanks
  • #23,767
  • May 24, 2012 5:36am May 24, 2012 5:36am
plssssss....i am looking for trix indicator with those bombs turning red and green...had that version long time ago and cant seem to find it,,,actually a guy gave it to me back then and i supposed he had it from this thread.
thank u kindly for any help
making money in JimB2468 trading room
  • #23,768
  • Edited 12:57pm May 25, 2012 11:15am | Edited 12:57pm
I don't need to see the periods and etypes - I can see that from the text. I need to see the params that configure type 52, as per the documentation for the SAH etype 52 in the link I sent you (i.e PriceXMAper etc.)

Edit Ok, I see the updated pic now. The problem is that you want to see the 200 SMA put you have 10 in the PriceXMAper param instead of 200.


This is the code that type52 calls

PriceXMA= iMA( Pair , prd, PriceXMAPer, 0, PriceXMAMethod, PriceXMaAppPrice, yy) ;


Here is the MT doc for iMA().

double iMA( string symbol, int timeframe, int period, int ma_shift, int ma_method, int applied_price, int shift)


Calculates the Moving average indicator and returns its value.
Parameters:

symbol - Symbol the data of which should be used to calculate indicator. NULL means the current symbol.
timeframe - Timeframe. It can be any of Timeframe enumeration values. 0 means the current chart timeframe.
period - Averaging period for calculation
ma_shift - MA shift. Indicators line offset relate to the chart by timeframe.
ma_method - MA method. It can be any of the Moving Average method enumeration value. applied_price - Applied price. It can be any of Applied price enumeration values.
shift - Index of the value taken from the indicator buffer (shift relative to the current bar the given amount of periods ago).

Moving Average calculation method used with iAlligator(), iEnvelopes(), iEnvelopesOnArray, iForce(), iGator(), iMA(), iMAOnArray(), iStdDev(), iStdDevOnArray(), iStochastic() indicators.
It can be any of the following values:
Constant Value Description
MODE_SMA 0 Simple moving average,
MODE_EMA 1 Exponential moving average,
MODE_SMMA 2 Smoothed moving average,
MODE_LWMA 3 Linear weighted moving average.

Applied price constants. It can be any of the following values:
Constant Value Description
PRICE_CLOSE 0 Close price.
PRICE_OPEN 1 Open price.
PRICE_HIGH 2 High price.
PRICE_LOW 3 Low price.
PRICE_MEDIAN 4 Median price, (high+low)/2.
PRICE_TYPICAL 5 Typical price, (high+low+close)/3.
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.


You can also find this documentation the the MT4 Language Editor.
Quoting ForexTeam
Setup
  • #23,769
  • May 25, 2012 11:53am May 25, 2012 11:53am
Thank you for patience.

I will try to find the right setup.

Quoting MissPips
I don't need to see the periods and etypes - I can see that from the text. I need to see the params that configure type 52, as per the documentation for the SAH etype 52 in the link I sent you (i.e PriceXMAper etc.)

Edit Ok, I see the updated pic now. The problem is that you want to see the 200 SMA put you have 10 in the PriceXMaper param instead of 200.


This is the code that type52 calls

PriceXMA= iMA( Pair , prd, PriceXMAPer,...
  • #23,770
  • May 25, 2012 12:10pm May 25, 2012 12:10pm
To see when price crosses a 200 SMA on closed prices you need

PriceXMAPer =200
PriceXMAMethod=0
PriceXMaAppPrice=0

Quoting ForexTeam
Thank you for patience.

I will try to find the right setup.
  • #23,771
  • May 27, 2012 3:02am May 27, 2012 3:02am
Some people prefer to trade short only when it is red and long only
when it is green but it's not a THV requirement to do that.

Quoting CryAgony
hello everyone!

sorry for the stupid question surely answered hundreds of time in all the past pages but couldn't find it!

Regarding coral, I got the bias indication of it, but what about the colour of it? does it affect the bias or what is it needed for?

Many thx
  • #23,772
  • May 28, 2012 12:12am May 28, 2012 12:12am
Hi, I'm new to this system and this thread and am trying to review some the past discussions and info. For some reason I can see links for attachments but can't see any thumbnails. I've checked profile /user options and view images is on and I've checked on 3 computers. If anyone can help I would be really grateful. Thanks...
  • #23,773
  • Edited 1:20am May 28, 2012 12:30am | Edited 1:20am
A cool H4 Overbought Oversold trade,
backed with Pivots.

Who says THV does not work in H4 And only in €/$..
Attached Image (click to enlarge)
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How to opt out annoying user signatures ??
  • #23,774
  • Edited 2:25am May 28, 2012 2:00am | Edited 2:25am
Er nobody.... I only say that for the 6 lights method it was tested on 1m EURUSD, and the stops and targets are based to 20-30 pip (meaning that when it's behaving normally the eurusd moves in waves of about 25-30 pips at a time, and by the time you get a signal 10 are probably gone. So you are shooting for about half of whats left with a 15 pip stop putting the stop a few pips above/below the start). So if somebody wants to use it on another pair/tf they have to adjust that. (Similar to what the dustbin traders over in the useless thread do when they shoot for 12 pips, except they wait for levels to break once they see a trend and the 6 lights method quantifies what a 'trend' is and waits for the trix to break in its direction.) But a good pattern or method should work on any timeframe or pair, if you adjust it properly. I've been demo trading my favorite pattern (double rb flip, triple trix) on gold lately (my contingency plan for the Euro falling apart) and it works great so far.

Quoting Toranaga

Who says THV does not work in H4 And only in €/$..
  • #23,775
  • May 28, 2012 2:09am May 28, 2012 2:09am
I have the same problem. I don't know why.

Quoting sharkie
Hi, I'm new to this system and this thread and am trying to review some the past discussions and info. For some reason I can see links for attachments but can't see any thumbnails. I've checked profile /user options and view images is on and I've checked on 3 computers. If anyone can help I would be really grateful. Thanks...
  • #23,776
  • May 28, 2012 5:29am May 28, 2012 5:29am
Hi, I am new to this system, I am trying to use the In "1 thv4 ff oil gold" template, there is " Go To THV4 Trix properties and set "INTRO" to False To Begin" but where is this THV4 Trix indicator? It is not listen in the indicator list with this template? How do i set it to false?
  • #23,777
  • May 28, 2012 5:54am May 28, 2012 5:54am
Quote
(my contingency plan for the Euro falling apart)

^^Yeah too right. I'd be a shame to get used to trading this pair to only see the Euro collapse.
  • #23,778
  • May 28, 2012 8:44am May 28, 2012 8:44am
Just in the THV thread or all forexfactory threads?

Quoting sharkie
Hi, I'm new to this system and this thread and am trying to review some the past discussions and info. For some reason I can see links for attachments but can't see any thumbnails. I've checked profile /user options and view images is on and I've checked on 3 computers. If anyone can help I would be really grateful. Thanks...
  • #23,779
  • Edited 10:42am May 28, 2012 9:13am | Edited 10:42am
I don't use any V4 templates- don't like them, didn't want to run the exe file that installs it on my computer and Stratman's minicharts kill my MT4. However I opened the template with an editor and I see that the trix that it uses is called "THV4 Trix V1.0". When I load the gold and oil template I have the message too but no trix also. (I don't know if that's because I didn't run the installer or because there's a mistake in the template.) Anyway if that version of the trix isn't installed, for whatever reason, then it won't show up in the indicators list and you can't use it to turn off the intro message.

You can get it in this post, and copy it manually to your experts/indicators folder. Then reload the template and you should see it. Then go to its Inputs tab and set Intro (the last item in the list) to false.

http://www.forexfactory.com/showthre...40#post3292040

Quoting Immvp
Hi, I am new to this system, I am trying to use the In "1 thv4 ff oil gold" template, there is " Go To THV4 Trix properties and set "INTRO" to False To Begin" but where is this THV4 Trix indicator? It is not listen in the indicator list with this template? How do i set it to false?
  • #23,780
  • May 28, 2012 10:22pm May 28, 2012 10:22pm
Seems to have resolved itself, must have been some computer voodoo or something, thanks.
Quoting MissPips
Just in the THV thread or all forexfactory threads?
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