Indeed, for a longer trade, a higher timeframe is better. However, it also needs much wider stops. This system fits any trading style, scalping, intraday or longer term trading, that's the beauty of THV3!! The confirmation works inversely: you ...

THV system, final edition

That's the best part of it. Tomorrow is another day, and today another lesson learned

THV system, final edition

You can take it, if all the rules are met, of course... but you will probably get a better entry point (which means a better stop loss placement) by looking at M1. If you open the trade based on solely M5, your stop would have to be set accordingly ...

THV system, final edition

There are still a few hours left on the australian session... maybe they'll move at the end?

THV system, final edition

Seems your broker's server is located at GMT. (broker setting = 0) In that case, your pivots are ok if you want to base the daily on GMT time. For the market hours, you will have to set "0" as the time. Check anyway.

THV system, final edition

Thanks Karun, anyway the info has been added to the Manual so everyone can have it at hand. These are for SDX Pivots though. The setting for the Market Hours is only one, and would be the same as the first setting of SDX (Broker time vs. GMT). THE ...

THV system, final edition

Yes, usually 4-5 hours from 2am to 6-7 am. Sometimes a nap between scalps in the middle afternoon... Edit: Oops, a great night to you too ! And plenty of pips to go with!

THV system, final edition

Be sure the input refers to your platform's server time, not your local time.

THV system, final edition

Mostly channels/trendlines. For example, if in M30 and M5 price is at the top of the channel (different channels, of course, each on its timeframe and evolution range), I won't be taking a long position even if M1 gives the green light, I will ...

THV system, final edition

You're gonna have much success in France, lol... (yucck)

EURUSD

Extreme Scalping = 500 pips a week (7-10% ROI) Intraday = 100-200 pips a week (2-5% ROI)

How Many Pips do you aim for per week?(& Poll Vote)

1. To spot the trend more easily and be able to go with it if expecting a potential longer trade. 2. The small TF is used to get a better entry on the higher one: if you trade on M5, you look for an entry on M1 when you have the setup on M5. 3. ...

THV system, final edition

Only way to open a trade without getting many requotes is to wait for the exact moment of the open of the next candle, there's usually a small "pause" where you can place the trade and price is not moving (unless you're in the middle of news, of ...

THV system, final edition

I don't set a fixed stop but usually close it under 20 which is my maximum stop. However, I wait until I can get the best possible entry so the trade goes my way immediately or barely goes back 5-10 pips max. My R:R is awful (average winner around 5 ...

THV system, final edition

You can use it on any timeframe. I personally tested it on M30 and H4, of course you will have to adjust your stops accordingly (and be more patient ). The formal definition of scalping is that of trades where you go in and out in a very short ...

THV system, final edition

Go to your profile, "Edit Signature" (link at the left menu), then first "upload" the picture (whether it's a direct URL or upload from your computer to FF server), then you'll see the pic in a small frame with a link saying "Insert Signature pic", ...

THV system, final edition

Yes. BE = Break Even (you won't win if stopped out, but you won't lose either).

THV system, final edition

When you get a trade context error you have to close and restart MT4, if not you won't be able to open a new trade later on (at least on mine it does that). 5 pips TS is pretty tight even for M5, as it is close to the usual fluctuation... unless you ...

THV system, final edition

Also check under the "Trix sound file" setting, and change "Trix Cross.wav" to "trixcross.wav" which is the original sound name (check anyway inside the sounds folder, to put the exact name, if you had renamed it).

THV system, final edition