Here is what I see on my 1 min chart. It just has a hair trigger component, which seems to be most new traders difficulty. When do I pull it. 
- #481
- Edited 12:17pm Mar 3, 2013 11:51am | Edited 12:17pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #482
- Mar 3, 2013 12:04pm Mar 3, 2013 12:04pm
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
System still works.
All the time you have had the thread or is it working just now ?
What is working how many pips do you make / mounth ?
Best regards
- #484
- Mar 3, 2013 12:52pm Mar 3, 2013 12:52pm
- | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
- #491
- Mar 7, 2013 4:07am Mar 7, 2013 4:07am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
If you like scalping, its not for everyone. Its been good to me.JTee1,
I am glad to see that this method is still alive. I spent alot of time last year trying to automate the detection of strong possible trades beyond the harmony alert. Got sidetracked somewhere and now I see again that maybe I should get back in the saddle. Your strategy has a really good (right) balance between indicators and price action IMHO.
Keep it up.
KingHigh
- #493
- Mar 7, 2013 4:15pm Mar 7, 2013 4:15pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Revoli don't mind at all if you drop in.
System works best in London and US sessions with some success in the Asian session. I trade strictly EURUS it usually has good movement in session and the London session seems the most consistent of the 3 trading times. The psychology of trading was my biggest hurdle. Demo to live was tough. First day 9 trades for $150 TP $150 SL, 8 trades were winners and 1 loser by the system outlined in the first page of the forum. By all means I should have $1200-$150=$1050 total gain on a $5000 acct. Long story short I freaked out and lost $450 that day due to me second guessing the system and bailing early. Within two weeks time my acct was down to $3200. I took one week off regrouped and started trading .3 lot vs 1 full lot. $50TP $50SL and within a month I recouped my losses and regained my confidence.
Conquering boredom
The THV Alerts me to 4 TF harmony. When I hear alert I come to pc and wait for a retrace and a movement back to trend and a set a buy or sell stop at break of the donchian channel. I don't spend all day staring at candles and when I put a trade on I let it ride. This keeps me from getting Bored and trigger happy and trying to second guess or force a trade. I could trade with just THV alert and donchian channel. This is trend trading but getting in when market really moves. You and I and everyone else is always looking to better their trading, but this can be a hinderence to our trading. We will always have are share of losing trades and everyone is looking for the Holy Grail and nobody wants to lose. Someone has to lose for us to win and vice versa.
Perfect system its not
Right for everybody no
Works for me
System works best in London and US sessions with some success in the Asian session. I trade strictly EURUS it usually has good movement in session and the London session seems the most consistent of the 3 trading times. The psychology of trading was my biggest hurdle. Demo to live was tough. First day 9 trades for $150 TP $150 SL, 8 trades were winners and 1 loser by the system outlined in the first page of the forum. By all means I should have $1200-$150=$1050 total gain on a $5000 acct. Long story short I freaked out and lost $450 that day due to me second guessing the system and bailing early. Within two weeks time my acct was down to $3200. I took one week off regrouped and started trading .3 lot vs 1 full lot. $50TP $50SL and within a month I recouped my losses and regained my confidence.
Conquering boredom
The THV Alerts me to 4 TF harmony. When I hear alert I come to pc and wait for a retrace and a movement back to trend and a set a buy or sell stop at break of the donchian channel. I don't spend all day staring at candles and when I put a trade on I let it ride. This keeps me from getting Bored and trigger happy and trying to second guess or force a trade. I could trade with just THV alert and donchian channel. This is trend trading but getting in when market really moves. You and I and everyone else is always looking to better their trading, but this can be a hinderence to our trading. We will always have are share of losing trades and everyone is looking for the Holy Grail and nobody wants to lose. Someone has to lose for us to win and vice versa.
Perfect system its not
Right for everybody no
Works for me
Hi JTee. Hope you don't mind me dropping in.
I am developing my own THV based scalping methodology to dissimilar to yours. As you say earlier in the thread everyone must develop there own style. A system thaT works for one person may bE completely useless for someone else just because we are all individuals who process information differently and react in different ways to any given set of stimuli. So to take the THV system and make it work one has to work out how you are going to use the THV tools and what else you will use in conjunction with...
- #494
- Edited 9:30am Mar 8, 2013 4:59am | Edited 9:30am
JTee
Thanks for the reply. All knowledge is useful, its working out what to do with the stuff thats important!
Another question, I am trying to get alerts to an iphone from THV signals, inspired by your scripts. I would like to do this using the MT4 notification service that is lightning fast and simple. Have you looked at this at all? The other option is email alerts which I think is probably configurable from your templates but it is very messy and to do this I would need to install an dedicated email server to get through all the security issues and ports that email providers with push mail services require! Means I would not need to be in the office all day
.
I am reading through your thread, its good stuff, well done. I have lots more reading to do so will save all other queries.....
Regards
Post script:
I have configured the email option for MT4 using a thing called hmailserver, info here: http://www.forexfactory.com/showthre...52#post6502152
I now need to reach into your scripts somehow to get them to send the appropriate email alerts. The only one that appears to have email alert capability is THV Trix v4.01. What I really want is to be able to get alerts MissPips MTF indicator lines up all green or all red. To do that I would need the code, don't suppose you have it?
Thanks for the reply. All knowledge is useful, its working out what to do with the stuff thats important!
Another question, I am trying to get alerts to an iphone from THV signals, inspired by your scripts. I would like to do this using the MT4 notification service that is lightning fast and simple. Have you looked at this at all? The other option is email alerts which I think is probably configurable from your templates but it is very messy and to do this I would need to install an dedicated email server to get through all the security issues and ports that email providers with push mail services require! Means I would not need to be in the office all day
.I am reading through your thread, its good stuff, well done. I have lots more reading to do so will save all other queries.....
Regards
Post script:
I have configured the email option for MT4 using a thing called hmailserver, info here: http://www.forexfactory.com/showthre...52#post6502152
I now need to reach into your scripts somehow to get them to send the appropriate email alerts. The only one that appears to have email alert capability is THV Trix v4.01. What I really want is to be able to get alerts MissPips MTF indicator lines up all green or all red. To do that I would need the code, don't suppose you have it?
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #496
- Mar 8, 2013 7:15pm Mar 8, 2013 7:15pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
The EA Alert v17 has an email true false switch, but I have not used. I believe when set to true it notifies metatrader to email you. I have not used this function but its there in the Alert. Hope this helps.
JTee
Thanks for the reply. All knowledge is useful, its working out what to do with the stuff thats important!
Another question, I am trying to get alerts to an iphone from THV signals, inspired by your scripts. I would like to do this using the MT4 notification service that is lightning fast and simple. Have you looked at this at all? The other option is email alerts which I think is probably configurable from your templates but it is very messy and to do this I would need to install an dedicated email server to get through all the security...
- #497
- Mar 8, 2013 7:37pm Mar 8, 2013 7:37pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Thanks for your input and congrats on your success today. Whatever system you use it must be used consistently to measure success or failure. I spent 2 years 12 hrs a day staring at charts, setting my alarm clock for London session then US then Asian. Now Its nice to get an email or have your pc call you for optimum conditions and then make a decision when to enter and exit then I walk away. I'm content with 1% to 2% a day in US Session. Your local banker cant come close to that if lucky you get 2% a year.
US traders can setup a self directed IRA for tax free trading and watch it grow.
JTee1
US traders can setup a self directed IRA for tax free trading and watch it grow.
JTee1
Update - Sorry, didn't mean to bombard your thread like this, but you might find this useful.
Misspips released a later version of her MTF indicator (Swiss Army Toolset etc) as there were bugs in previous versions. Also the new one does have email alert capability! So I now get an email every time the four bars all turn the same colour which brings me into the office where I can then monitor potential trade entries. Superb!
Time to get the hammock out and just wait. Oh I attach the updated indicator allcourtesy of the excellent Misspips....
