1 Min THV Flag Trading (1 Min THV Flag Trading) - MT4/MT5 Resources
This is a compilation of several threads and countless hours of programming by many other people. Especially Cobras THV threads. Another topic is trend flag trading through divergences. I'm combining aspects of both threads with the Doda Donchian channel. This will not be an ongoing thread. This is just a trading system and style that I want to share. I don't have time to answer many questions. Will there be losers? Yes, but there will be more winners. Trade by lot size and follow the rules. Sound money management is a must. For you to win, others have to lose.
I never try to take credit for other people's hard work. I'm always learning, listening, winning and losing money. These are my best odds for winning in Forex trading. Due to time constraints, I'm using a 1 minute chart. Trading hours are 8 a.m. to 11:30 a.m. ET, and 3 a.m. to 6 a.m. ET in London. I place buy and sell stop orders outside of the Donchian Channel, with my stop loss determining my take profit with a 1 to 1 reward to risk ratio.
I let the market participate in my trades and let it determine my results. When I get involved, my emotions, my feelings, my gut, screw me up.
To learn more about the indicator, visit Cobras THV Thread. I also recommend you read the Trend Flag Trading topic.
As of today I have posted 3 transactions in compliance with the rules. I spent a total of 9 minutes in the market today and made a profit of 30 pips. When conditions are right, I get an alert and I head to my computer. Tired of staring at candles 12 hours a day. But I think it’s been boot camp the past two years. I lost a lot of money at first, but I slowly made it back. One thing I learned when I was profitable was to stay profitable. It is better to break even than to take a loss and then take another trade.
rule
1. Trend changes
2. Unify TF of 5, 15, 30 and 60 minutes
3. Turn back or mark from Donchian Pass
4. Place orders above or below the channel
5. Set SL to the high or low of the retrace
6. Optionally set TP to a 1 to 1 reward to risk ratio minus the spread or TP at the first candle color change
Everything in the zip file is in the appropriate folders
2 original and brand new early starter templates please read woodie CCI and entry mode.
The original system was still good, if not better than early entry. Please be cautious when entering early.
I never try to take credit for other people's hard work. I'm always learning, listening, winning and losing money. These are my best odds for winning in Forex trading. Due to time constraints, I'm using a 1 minute chart. Trading hours are 8 a.m. to 11:30 a.m. ET, and 3 a.m. to 6 a.m. ET in London. I place buy and sell stop orders outside of the Donchian Channel, with my stop loss determining my take profit with a 1 to 1 reward to risk ratio.
I let the market participate in my trades and let it determine my results. When I get involved, my emotions, my feelings, my gut, screw me up.
To learn more about the indicator, visit Cobras THV Thread. I also recommend you read the Trend Flag Trading topic.
As of today I have posted 3 transactions in compliance with the rules. I spent a total of 9 minutes in the market today and made a profit of 30 pips. When conditions are right, I get an alert and I head to my computer. Tired of staring at candles 12 hours a day. But I think it’s been boot camp the past two years. I lost a lot of money at first, but I slowly made it back. One thing I learned when I was profitable was to stay profitable. It is better to break even than to take a loss and then take another trade.
rule
1. Trend changes
2. Unify TF of 5, 15, 30 and 60 minutes
3. Turn back or mark from Donchian Pass
4. Place orders above or below the channel
5. Set SL to the high or low of the retrace
6. Optionally set TP to a 1 to 1 reward to risk ratio minus the spread or TP at the first candle color change
Everything in the zip file is in the appropriate folders
2 original and brand new early starter templates please read woodie CCI and entry mode.
The original system was still good, if not better than early entry. Please be cautious when entering early.
Attachment to original post (3)
📦 Summary of post attachments(45)
Below are all the files (45) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •