THV is a legendary free
manual trading strategy that was developed by Cobraforex. The
strategy is originally designed for scalping (trading on smaller
time-frames), although some traders successfully use it on larger
time-frames. It can be applied to any trading instrument, but since
it is a scalping strategy the better results are carried out on
currency pairs with smaller spreads.
THV manual and indicators
can be downloaded from here. Well, my intention is not to explain to you
the strategy, but to point out on few additional things that can
improve your trading results. Since it is a scalping strategy, I
have applied it to a 5-minute time-frame.
First, I advise you to
take only those trades that are in accordance with bigger
time-frames. If on 5-minute time-frame buy signal is met then check
out if according to THV strategy the pair is in buy zone on 15 minute
and 1 on hour time-frame. If it is not, do not enter the trade. Also, if a sell signal is met, check if the pair is in sell zone on 15 minute
and 1-hour time-frame.
Second, take a look at
Economic calendar. Do not enter the trades half an hour before highly
and moderately volatile news release for one of the currencies in
the pair.
Finally, check the volume.
Do not enter the trade if the volume is low. It should not be the problem if you are trading on a business day during London or New York
session.
Hopefully, these remarks
will help you to improve your trading results. Good luck!
