Entry: Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.
Exit:Faster Trix changes color and/or touch of a known good resistance/support level.
Other reasons to take profit can be: Touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80) or a black cat that cross your screen
Stop Loss: please set your stop loss according to your money management plan, as higher your TF that you trade as lower you set the pip value and as higher the Stop Loss, also it depends on the currency pair that you are trading.
This is a Multi timeframe setup, you don't need to change anything jumping from one TF to the other.
We, the THV team proved it only on 1M and 5M. The 1M TF is only for extreme scalping and needs good FX skills !!!
These are the only rules; anything else depends on your basic knowledge on FX and your feelings.
My special thanks to SpecialED, TradeWell and Eddiemiller for trying the first beta setups, Doblece for helping me in MT4 V220 compiling issues and AK4X to keep me always in good mood and suggesting to open this thread.
And at the end to Turhovach to show his charts and settings and so making me suspicious what is behind of that and last but not least, my wife, giving me the time to get all this done.
We are happy traders and sometimes we have some fun, jokes or smalltalks during a break or lazy PA in this thread. For saving you time I will hightlight here the most important informations and you don't need to go through the hole thread unless you want to have fun.
New, cleaner chart with more functions and sound support, THV V3, released:
CLICK HERE TO DOWNLOAD - MANUAL THV V3.PDF
CLICK HERE TO DOWNLOAD - THV V3.ZIP
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