THV system - legendary scalping strategy
Well, oh, oh, for a long time I was going to make a video on Forex Strategy THV Systembut all the time something was moving away from this momentous day. Most likely laziness 🙂
However, the time X has come: before you is a system for scalping on M1 and M5, for many years it has been used by traders around the world and has proven its accuracy and reliability for intraday trading.
Strategy Type: Scalping
Currency pair: Any, preference for quick pairs.
Timeframe: M1 / M5
Recommended DC: Alpari, RoboForex
Setting a strategy is standard, see How to set a forex strategy
Entry into position:
- If the price is above the Coral line, then only buy. If below - only sell.
- If the fast Trix line crosses the slow one from top to bottom, this is a potential sell signal. Bottom up - for shopping.
- To open a deal, it is necessary that the price has recently returned to the Ishimoku cloud.
- The filter for opening positions is Trix MTF - it is necessary that it has at least 6 color squares of our position, and 2 of them should be in the first two rows.
- Stop-loss is set either on the basis of ATR (displayed in a separate window) or slightly above / below the last local minimum / maximum. A fixed stop is also possible in the number of points selected by the trader.
- Take profit is set either at support / resistance levels, or at Pivots (potential pivot points), built by the indicator automatically
- We also exit the position if the fast Trix line changes color or the divergence opposite to our trade appears (arrow on Trix).