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THV system, final edition

  • #25,341
  • Nov 28, 2016 3:20pm Nov 28, 2016 3:20pm
Quoting liamtwine
{quote} Hi when installing your exe and load my MT4 i get nothing. None of the indis are in my MT4 folder. i load the template but its blank with the intro yet no indi to change the settings. where can i get them manually to install? do you have a link where i can get them instead?

http://www.forexfactory.com/showthre...66#post8710666
  • #25,342
  • Nov 30, 2016 2:56am Nov 30, 2016 2:56am
I have a question for Ricmi. But before I ask the question, let me introduce myself first.

Two years ago I started trading, It's better to say gambling. I had some wins, some losses. Overall a little profit. Great, but I took an enormous risk to gain the profit.
On that moment I thought, why doing it by myself...It's better to follow signals from experienced traders...yeah :s. That decision costed me a lot of money.
Next stadium was to get more grip on the situation. Everywhere I read they said; always follow your system! So I thought, let's built a system! I have built my own EA using free indicators available on the market. Result: optimized in back testing a dream result off course. In real; not realistic I came to the conclusion I was staring blind at indicators from third parties, only configuring variables in my EA. No idea what I was doing. Still no success.

Now, that is history. I decided to start from zero. Recognizable?

I'm really charmed of the THV system. Besides trying the THV in demo, i read a lot about support/resistance, patterns, what kind of analyse, etc etc. I recognize a lot, but not with that refinement. So I'm a little bit lost in the forex wood right now.

The big question is...what should be your advise where to start. Is there a simple rule set where to start with in compare with THV?
I should be very lucky with a win factor of 60% an risk reward of 1:2.

Hope you can help me startup! Thanks in advance.
  • #25,343
  • Nov 30, 2016 4:51am Nov 30, 2016 4:51am
Hi PecuniaTug
if you follow decidence rules found in post 14,427 which was recommended in post 1 by Cobra that would be an excellent starting point.

regards
Razor.
  • #25,344
  • Nov 30, 2016 2:38pm Nov 30, 2016 2:38pm
Quoting Razor864
Hi PecuniaTug if you follow decidence rules found in post 14,427 which was recommended in post 1 by Cobra that would be an excellent starting point. regards Razor.
Hi Razor, thanks for your reply. I did already. Maybe I'm to inexperienced. What's your experience with it?
Let's take section two (and my questions about it):

Section 2 - The Set Up
4. Move all Chart TF's to H1
5. Note Trend direction, Trend SR's, Overbought/Oversold status and RSI (how long do I have to look back? Few hours, few days? For example, the last days were a downtrend, last night was up..which one is right?
what do I have to note exactly? It's not clear to me... and what to do with it)
6. Move all Chart TF's to M5
7. Refer to Rule #5 (Same as # 5)
8. Start looking for trading opportunities that will not contradict with notes taken from Rule #5
  • #25,345
  • Dec 1, 2016 2:06am Dec 1, 2016 2:06am
Eurjpy,lets try this. H&S pattern again,strong resistance area (ema200M5,round number)and 5,15m bullish divergence.Very similar situation is with gbpjpy.
Attached Image (click to enlarge)
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  • #25,346
  • Dec 1, 2016 2:34am Dec 1, 2016 2:34am
Eurjpy 30M - price is very near prev.monthly high level,rsx is near OB.Maybe its time for exit,will see.Same situation is on the gbpjpy,too.
Attached Image (click to enlarge)
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  • #25,347
  • Dec 2, 2016 6:47am Dec 2, 2016 6:47am
http://www.forexfactory.com/showthre...53#post9309753
  • #25,348
  • Dec 7, 2016 2:38am Dec 7, 2016 2:38am
Gbpjpy , strong resistance area.Can we expect prices rebound?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 226 KB
  • #25,349
  • Dec 7, 2016 3:20am Dec 7, 2016 3:20am
Quoting ricmi
Gbpjpy , strong resistance area.Can we expect prices rebound? {image}
Ricmi,

Could you be so kind to provide the indicators and template to you chart, looks excellent.
  • #25,350
  • Dec 7, 2016 6:22am Dec 7, 2016 6:22am
Ricmi, Could you be so kind to provide the indicators and template to you chart, looks excellent.[/quote]

Here is.
Attached File(s)
File Type: zip RSX Template.zip   137 KB | 1,676 downloads
  • #25,351
  • Dec 7, 2016 7:31am Dec 7, 2016 7:31am
Trade is still going on.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 91 KB
  • #25,352
  • Dec 7, 2016 7:51am Dec 7, 2016 7:51am
Quoting ricmi
Trade is still going on. {image}
respect!
  • #25,353
  • Dec 7, 2016 2:17pm Dec 7, 2016 2:17pm
Quoting ricmi
Ricmi, Could you be so kind to provide the indicators and template to you chart, looks excellent.
Here is. {file}[/quote]
Thank you!!
  • #25,354
  • Dec 7, 2016 2:21pm Dec 7, 2016 2:21pm
{file}[/quote] Thank you!![/quote]

Always welcome.
  • #25,355
  • Dec 7, 2016 3:43pm Dec 7, 2016 3:43pm
Quoting ricmi
Trade is still going on. {image}
Ricmi,

Question about the coral in your screenshot of your super trade today.
See the screenshot made 5 minutes ago of the same situation.

Is your coral configuration different, or does it repaint in time? Thanks!
Attached Image (click to enlarge)
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  • #25,356
  • Dec 7, 2016 3:59pm Dec 7, 2016 3:59pm
Quoting PecuniaTug
{quote} Ricmi, Question about the coral in your screenshot of your super trade today. See the screenshot made 5 minutes ago of the same situation. Is your coral configuration different, or does it repaint in time? Thanks! {image}

Yes,you're right,when adr is greater than 200 pips,I change MA length from 60 to 45.
  • #25,357
  • Dec 7, 2016 9:05pm Dec 7, 2016 9:05pm
Quoting PecuniaTug
{quote} Hi Razor, thanks for your reply. I did already. Maybe I'm to inexperienced. What's your experience with it? Let's take section two (and my questions about it): Section 2 - The Set Up 4. Move all Chart TF's to H1 5. Note Trend direction, Trend SR's, Overbought/Oversold status and RSI (how long do I have to look back? Few hours, few days? For example, the last days were a downtrend, last night was up..which one is right? what do I have to note exactly? It's not clear to me... and what to do with it) 6. Move all Chart TF's to M5 7. Refer to...
Hi, Apologies I only saw this now. I am new to trading as well but I will try my best to answer based on what I am currently reading through:

It is a good question and there is no right and wrong answer to this, it really depends on what you are comfortable with.

In regards to S/R and Overbought/Oversold it's best to always keep in mind that they are a result of traders decisions and as such, the further back you go the less influence they have on traders current decisions (so me personally I would look at the previous night and not the previous days).

However, and this is important, just keep a look out for significant levels on the higher time frames such as the Overbought and Oversold levels on the daily charts as they will still have some level of influence to traders. I hope this helps.
  • #25,358
  • Dec 12, 2016 10:40am Dec 12, 2016 10:40am
Sorry couldn't find how to search the thread but when I use the THV v4.01 indicator and set up the divergences to email me. It only emails with "H4 DIVERGENCE ON..." and doesnt tell me what currency. Can anyone explain why? thanks
  • #25,359
  • Dec 13, 2016 11:06am Dec 13, 2016 11:06am
Eurjpy , perfect ricochet, rsx is in the OS zone, 50%fib and M15/ema200 arew very close and make a strong resistance area.
Attached Image (click to enlarge)
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  • #25,360
  • Dec 13, 2016 4:03pm Dec 13, 2016 4:03pm
Quoting ricmi
Eurjpy , perfect ricochet, rsx is in the OS zone, 50%fib and M15/ema200 arew very close and make a strong resistance area. {image}
Ricmi can you please share your 5 minute THV template.

I can see you entered long below the snake, why not wait until price is above?

thanks
razor
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