THV system, final edition

that template also freezes my MT4....

What about this one?

Is it possible to start a "THV trades" thread?

Graham

Sounds good to me , then we can share what is working for us

Good idea!

New fire on old coal!

L.

http://www.forexfactory.com/showthread.php?t=371555

please is it possible for THV indicators to work on MT5 platform? any breakthrough?

even i am also looking for mt5 version of thv v4......

can anyone do the coding for mt5

someone would have the versions correct of thv4 trix mtf v6.0 and thv4 mtf cloud becouse i have a line in addition on both

http://www.forexfactory.com/showthre...61#post5591261

GreenOcean, you seem to have disappeared but in case you haven't I will give you the possible diagnosis based on this test.

1) If you can see the 1 MA line in this test but the other templates still hang your computer, then your computer is not strong enough to handle the template. You can try to reduce the bars in chart/history, hide pairs you don't need in the Market Watch window, and reduce the number of charts or possibly if you have an anti-virus than monitors file behavior you need to exclude VarMA_v1[1].2.ex4 from the monitering

2) If the test template hangs your computer for a second or two and then after it loads you can't see the MA then it means that either

a) you have not downloaded VarMA_v1[1].2.ex4

or

b) you have downloaded it but the download didn't complete (file is the wrong size)

or

c) you have downloaded it but you have copied it to the wrong directory

or

d) you have downloaded it and copied it to the correct directory but you have renamed it (or your browser renamed it, for exampleVarMA_v1[1].2.ex4 (1) the second time you downloaded it and you copied the renamed one to your MT 4 directory)

e) Or there is some other error with the file (Check in your Experts tab for the error)

The THV indicators are actually all just fairly common indicators
that were rebranded with the THV label ( some after adding some bells and
whistles like color, but the work just fine without them)

The THV indicators are:

The coral. This is actually just a 60 period T3 with color added to it, and the T3 is available in MT5

Haiken-aski candles. These are available in MT5

The Ichimoku. This is available in MT5

The Trix. This is actually just a spiffed up version of the t3 trix written by luis damiani and found in the mt4 codebase. There are a few versions of the trix already in mt5 but this one doesn't seem to be available yet. However I notice that his other indicators in the mt4 codebase are slowly getting translated over so I'm fairly certain that this one will be too eventually. If you are desperate for it you can put in a request for someone to do it on the mt5 codebase site. I am not planning to do it until I actually need it (i.e. until my broker actually forces me to switch over to mt5).

Appreciate It

MissPips, would you be willing to share 1 ot 2 of your favorite set-ups using THV?

I have shared them, many times. You have to remember though, that unlike the chicken crossing the road, I don't take setups just because they are there. First, every morning I look at the charts and try to figure out what the game will be for the day, and where I think trades will happen. Then if I get confirmation from THV in that area I take the trade.

Also, with Rainbow setups there is are certain "looks" to the rainbow in together with multiple trix crosses (which I have also shared many times) that if I see it in conjunction with a reversal pattern that I recognize) that, if I see it, will cause me to take the trade whether or not I have pre-identified the area or not (not being perfect I may have missed something).

This thread starts looking like a psychiatric hospital,after 24 000 posts is still dominated by questions already chewed.

Don't complain. It is the fact that human nature is so predictable that
lets us as traders be able to make a profit.

Or to put it more bluntly:

The 5% that is willing to work hard to learn about how markets and the instrument they trade behave, and how to control themselves, and how to manage money, and how to observe and think independently about what they are seeing makes its money off the 95% that aren't willing to do that. (Or whatever the current percentages are).

Ok thank you for response but would you be able to direct me to which pages you shared those set-ups on instead of scrolling through 1,500 pages?
Thanks much

Since I have posted more than 1000 posts, one of us will have to spend time looking through them. And since I don't have a photographic memory which enables me to remember exactly where I posted what, and since I have already done the work of developing the setups, and been helpful enough to explain and share them, and since you are the one who is interested in acquiring them, guess which one of us I think should do the looking?

(You do know that if you click on the post link opposite a poster's name
it will show you all of their posts right? )

The 15 pip sl, 10 pip target was my idea for how to trade the 6 lights method scalping the 1 m chart. There were two reasons for it. The EURUSD at the time I developed it was moving about in about 25-30 waves (still more or less does though some days the range is smaller now so the waves are more like 20-25). About 10 pips could go by from the top/bottom of the wave (as signaled by the 5 fast trix changing color) until you get the signal to enter, and you need the stop above/below there so that's about 15 pips to be on the safe side (plus spread). Then you have about 15 pips to work with to get a profit in, and to be on the safe side you don't want to wait to the last pip of the wave to take it. (This is similar to the idea behind the 'dustbin' trades over in the Useless thread). Usually scalpers have lower RR. The other reason(which I have already confessed in prior posts) was that, at the time, I was a fairly new trader, and I just found I traded better if I set the trade and left it rather than watching it. Since my hit rate was 67%-90% depending on the day (about 78-80 % average this worked out ok).

Now for the theory
How much money you make with a system is determined by

How much you make when you win *number of winning trades/total trades

minus

How much you make when you lose*number of loosing trades/total trades.

Of course there is also more to it (leverage, and what is largest expected string of winners/losers in a row), but I'm assuming that you keep your position size and leverage small enough so that a string of loses won't wipe you out.

Also you need to consider the how many opportunities per week the system
gives you. A system that gives you 10 opportunities a day to trade, risks 15 and makes 10 with hit rate of 70% will make you more money than one that risks 1 and makes 100, but gives you 1 opportunity to trade a week, even with the same 70% hit rate (which isn't likely because the smaller the stop is in relation to the target, the worse the hit rate is going to be, unless for example you are very good at picking to the pip where price is going to reverse). So it's going to be harder to find good entries that are shooting for a 30 pip target (for example) with a ten pip stop than it is to find good entries that are shooting for a 10 pip target and an 15 pip stop and therefore you will have fewer opportunities to trade (which you may or may not view as an advantage.)

What I do personally now (having learned to trade better) is use multiple lots and trail one manually.

The other thing you can do if you want a 1/1 ratio is put the stop above/below the peak/bottom where you entered on the 1 m and go for the same target that you risk. However, that's not so good for the 1m min because brokers know people do that so a lot of times they'll just take out the stops above that peak (assuming a short trade) with one higher high and then reverse straight down without giving you a good entry at another lower high (the old shake and fake before the move) and you will be stopped out whereas your original entry would have made money with a wider stop. So it's better to put the stops at the peak above the peak where you entered as price came back down on the 1 m, but then that will usually put you back in the 15 pip range with the stop just above/below where the5 m fast trix changed color.

Here is an example of what I mean that happened twice today : two 6 point trades that would get stopped out with a stop just above the peak where you enter by the fake and shake before the big move, but are good with a 15 pip stop (not that I traded today because my rules don't permit trading on hols). The first one actually depends on your spread - with a 2 pip spread you'd be stopped out but with a 1 pip spread you'd be ok with a 1:1 RR.




The main thing is to try to take entries where the stops you set make sense in terms of where support and resistance are - i.e. if the stop is 15 pips make sure that the swing high is below that for a short, and if the target is 10 pips make sure that there's room for that before the next support and also to be comfortable with whichever method you are choosing and the place you are entering (i.e a trade signal near where price has been compressed an is expanding is usually safer than one where you are selling a top but after extended move that has just bounced of strong support)