151# THV 3 Trading System
Trading with Trix Indicator THV
Submit by JanusTrader (author THV Team)
Time Frame 1, 5min.
Currency Pairs: Majors
Long Entry:
Condition, above Coral only long;
Price crosses cloud - both Trix indicator cross each other and
have the same color.
Best and most secure trend confirmation is a cross of the fast Trix indicator on the zero level.
Short Entry:
Condition, below Coral only Short;
Price Below cloud - both Trix indicator cross each other and
have the same color.
Best and most secure trend confirmation is a cross of the fast Trix indicator on the zero level.
Exit Position:
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 !!!
In the pictures THV 3 forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
nadeem waghdhare (Thursday, 11 July 2019 17:06)
is their a version for mt5 also
Giorgio (Saturday, 19 May 2018 01:08)
Siete Grandi un buon auito Grazie
William Hutcheson (Monday, 27 November 2017 12:26)
The THV 3 Trading System works great on Renko charts; especially when using ATR based boxes.