Profitable trading using THV strategy

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!     

Manual Trading vs Automated Trading

There is a constant debate on which type of trading is better: manual trading or automated one (using EA robots)? Well, while surfing on the Internet you will find different opinions about this subject. Some would opt for manual, while others will say automated one and both sides will have good arguments to support their stance.

After being an active participant in the Forex market for several years and having tried both techniques I would say that both are good. Actually, the right question should be: Which style suits you better as a trader? The fact is that EA robots cannot replace human thinking, but also robots are not affected by greed and emotions, two big human weaknesses that affect the traders. The robots can work on the market for a longer period of time and they won't miss a trade due to lack of concentration. Also, the truth is that the experienced human trader will earn more than a robot.

So, which style to choose? Well, it depends on you. If you can overcome greed and emotions, if you can trade in full discipline following the rules set previously and if you can fully dedicate yourself to the trading than chose manual one. But if you see trading as a second job, if you are vulnerable to greed and to emotions, automated trading will be the one for you.

For those that chose automated trading, there are two options left: you can create your own EA robot using MQL or any other programming language, or you can buy one. But be careful, if you decide to buy a robot because there are very few commercial ones that can trade profitably. Lots of scams are offered on the Internet. So, I advise you to find an independent review before you decide to buy a robot.