Q&A May I violate the rules of the system when I trigger another buy or sale signal?
A: yes you may, that depends on your trading skills. For example trading
a long after touching first time an important support would be a reason
after confirmation, but it has nothing to do with the system.
Trading the THV you should wait for all parameters confirmed. Sometimes I see a clear entry signal and take the
trade, after a move of some pips my trade goes in red pips, what is the
A: No system is perfect, that are those trades that we need to cover with a good MM. What is the SL for the THV system?
A: that depends on the TF you are working, as higher the TF as higher your SL.
You may declare me crazy but I don’t use system based SL while trading
my favorite TF, the 1M. I lost more money on Brokers SL hunting than in
bad positions. I have 50 pips fixed and a mental SL that I execute
manually. Where I should set the SL?
A: Find the amount of pips you are agreeing too lose depending on your
MM, it should be set always some pips above or below important S&R
lines. This system don’t show the shadows of the HA candles, how I can make to show them up?
A: It is recommended to have a separate chart with real candlesticks on 4
different TF’s open to take additional trading decisions, the shadows
in the THV are not shown for better overview, if you insist, you can go
to the HA properties and color the 1 and 2 settings. I worked some weeks with the system and don’t need the rules shown on the chart anymore, how to delete?
A: Right click on your chart, select indicators and delete the L THV
indicator, right click again on chart, go to Object list and delete all
objects named THV there, ready. May I add more indicators to the system?
A: yes you can if you feel more secure but the system is made to have a
clear, fast and stress less view to take a fast and correct trading
As more stuff you need to look at as slower your decision. What is the trading direction to avoid counter trend trades?
A: The trading trend depends on the TF you are working with, in a 4H
downtrend you find a lot of up and down trends in smaller TF’s. you
should look to 15M and 1H if you trade the 5M to definite the trade
direction. How long should I train myself on THV before going live?
A: I would suggest for newbees to trade at least 2 month with positive results before trading any system live.
Experienced traders will need may be less than a week to get firm on it. I hate to baby-sit the monitors waiting for a perfect entry, I want more action, may I go to hunt some pips on 1M?
A: The 1M THV chart is for extreme scalping only and needs excellent
trading skills, I don’t recommend it for newbees, if you want the action
you might want to do it on a Demo account until being 100% sure to be
profitable on that TF. What is the best time to trade the THV?
A: The THV is a trend system and works best on high volumes during
London and NY overlapping session but lately you have strong moves on
the Asian session as well. What pairs are the best to trade the THV?
A: all fast moving currency pairs, each pair has a different character
and I would suggest trading it primary on you favorite pair, mine are
the E/U and AUD/USD. What is the best pip value trading THV?
A: that depends on your account equity; we don’t want to risk more than
max.1 to 2% each trade. Let’s say you have a 5k account and accept to
lose 1% each bad trade you can lose 50$, divided by for example 50 pips
SL on 15M TF you get a 1$ pip value.
In my website you find a MM calculator to find your best value. What else I should be aware of trading THV?
A: All systems need good basic knowledge of FX, a system is like the
hammer for a carpenter, if he doesn’t use it well he will always have
bloody fingers. I recommend visiting the web page from acumen, he is a
experienced trader and teaches Pivots, R&S and psych levels, a good
page to get better trading skills. Very important:
never get motioned from
other trader’s calls, only trade what you triggered by yourself, it is
the only way to learn mastering your system and be successful.
During trading I never post or do anything else than concentrating my small brain on my chart.
Spend some bucks and time on trading education; it will be the best inversion for your FX business. Is there an EA for the THV system?
A: I’m sure that it is only a matter of time till RonaldRaygun, Tdion and others will come up with an EA.
I don’t believe in EA’s, haven’t seen any that can replace the feeling of a human being, but who knows? Why don’t you answer my post or PM?
A: Cobra is a busy man and can’t answer question that are already
explained here in the thread, don’t be lazy, re-read the thread. All
other question or suggestions will be answered as soon as I can.
Will be updated with the time
Here a brieve manual how to install Step By Step :
We had some issues with the MT4 V220 platform
- Download/unzip/Copy/Save the MQ4/EX4 file into your C:\Program Files\(your broker)MetaTrader 4\experts\indicators folder
- copy and paste the template file .tlp in C:\Program Files\(your broker)MetaTrader 4\templates folder.
- Close your MetaTrader application (assuming it’s currently open … Ignore this if the application hasn’t been launched)
- Launch your MetaTrader application
- Open a new chart and right click on it, select the THV template, ready
version, because of that I uploaded the basic version template, please
execute the missing files in the chart manual. All are named xxxxx THV
Well, it’s done now.
I suggest download, try and if somebody have an idea how to improve the
system or have any question RELATED to it, feel free to post it.
Happy green pips, I will be stumbling in some times to see what you guys are thinking.
A great weekend to everybody
Attached ImagesI want to beg everybody to read well the first two posts; everything is explained and will be updated in those lines. I’m very busy during the week (I’m scalping the 1M
TF that needs all my concentration) and can’t answer questions that are
answered in the thread. Anyhow, you are my first poster, welcome, here the answer (but it is in the first post) This is a Multi timeframe setup, you don't need to change anything jumping from one TF to the other.Yes, You can use it in 30M, I would suggest to trigger the entry in smaller TF's and later keep it running on your favorite TF
Here an example on 30M