THV System - the legendary scalping strategy
I had been planning to make a video about the THV System forex strategy for a ve-e-e-ery long time, but something kept pushing that landmark day away. Most likely laziness :)
However, the X hour has come: before you is a system for scalping on M1 and M5, which has been used by traders around the world for many years and has proven its accuracy and reliability for intraday trading.
Strategy type: Scalping
Currency pair: Any, preference for fast pairs.
Timeframe: M1/M5
Strategy installation is standard, see How to install a forex strategy
THV System strategy rules
Entry into a position:
- If the price is above the Coral line, then we only buy. If below, we only sell.
- If the fast Trix line crosses the slow one from top to bottom, this is a potential signal for sells. From bottom to top, for buys.
- To open a trade, it is necessary that the price has recently returned to the Ichimoku cloud.
- The filter for opening positions is Trix MTF: it is necessary that it shows at least 6 squares in the color of our position, and 2 of them must be in the first two rows.
Stop-loss:
- The stop-loss is set either based on ATR (displayed in a separate window), or slightly above/below the last local minimum/maximum. A fixed stop in the number of points chosen by the trader is also possible.
Take-profit:
- The take-profit is set either at support/resistance levels or at Pivot levels (potential reversal points) built automatically by the indicator
- We also exit the position if the fast Trix line changes color or a divergence opposite to our trade appears (an arrow on Trix).
Download the THV System strategy files
Important! Installation nuances in new Metatrader 4 builds
Before you is a system for scalping on M1 and M5 that has been used by traders around the world for many years and has proven its accuracy and reliability for intraday trading.