Ichimoku cloud burst ea

Hi,

This is inspired from the manual trading system ICHIMOKU CLOUDBURST of zaman which has gone commercial, the idea here is to make a EA based on the principles of ICHIMOKU cloudburst as discussed in the thread

http://www.forexfactory.com/showthread.php?t=290062

The requirements of the EA are pretty simple it will be trading on the range bar screen and will take trades based on the 9 26 52 cloud and matrix settings. the details of the indicators files are available in the ichimoku cloudburst thread.

We need to have a SL which is to be place above Seknou SPAN A Value plus 3 pips for sell trade and for buy trade we have to place it below the Seknou SPAN B Value minus 3 pips

This value of SL should keep changing as the Seknou SPAN A and SPAN B value changes as the trade moves .

As regards TP we can keep it at 10 pips and can trail it from there at 10 pip gap .

I am attaching a sample ICHIMOKU EA which trades but need refinement in the SL and TP area . Also some of the features need to be switched off .

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We have made some nice progress and here is the latest version of the EA

version 7 >>>http://www.forexfactory.com/attachme...4&d=1332953530

Version 8 >>> http://www.forexfactory.com/attachme...6&d=1333774929

thanks mate i was eagerly waiting for some1 to make this EA. i have got this EA made for NINJATRADER, where you can change TP and SL. let me know if any one require it.

Hi Unimak

I am not one for EAs but I thought I'd try this one. I got it going today at about London open for about 2-3 hours and bagged 48 pips on EU (Not bad). I'll try again tomorrow, I am happy to make further reports on my findings of this EA if you'd like.

Cheers and thanks.
Ezzy

we just need to fine tune it to make it powerful for that we need some good person who can do some fine tuning ,

All that the EA has to do is take the buy when the Candle color change from red to green and take the sell whn the candle color changes from green to red.

it is that simple to hit profit

Are you using time bars or do you use the range bars? What setting for the bars?

Thanks

range bars and default 9 26 52 settings

IMHO its not a good idea to exit on candle colour change. check original thread of this system. some1 is using colour change HMA line as exit/TP.

i hv simplified all those things so no need to reinvent , just we need to refine this ea and we are on

Unimak, thanks for sharing the EA.

Question: the setting for "Strategy1", "Strategy2" & "Strategy3" - 1 is to turn on & 0 is to turn off?

as i mentioned this is a sample ea we need to refine it , if someone volunteers to refine it then all of us can benefit

here in this ea we trade only Kumo breakout
rest we dont need

Hi unimak....so which strategy is that...1,2,or 3.

Or is the kumo breakout not yet incorporated in this EA.

Thanks
Ezzy

user_tp: money management system takes this and minimum_lots to calculate "take profit" in dollars
user_sl: money management system takes this and minimum_lots to calculate "stop loss" in dollars
use_tp_sl: 1 to close orders using user_tp and user_sl, 0 to close orders when indicator have a opposite signal.
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.
strategy1: Tenkan Sen/Kijun Sen Cross. 0 disabled, 1 enabled.
strategy2: Kijun Sen Cross. 0 disabled, 1 enabled.
strategy3: Kumo Breakout. 0 disabled, 1 enabled.
signal_strength: 1 only strong signals, 2 strong and neutral signals, 3 strong, neutral and weak signals
money_management: 1 money management enabled, 0 money management disabled (the EA will trade the amount of lots specified in min_lots).
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.
risk: percentage from free margin used in a single order if money_management is set to 1 and progression is set to 0.
progression: 0 no progression, 1 D'Alembert , 2: Martingale

use strategy 3

kumo brkout and ignore rest

this ea presently does some of what we want and some of what we do not want , so if any of us know mql programming then we can clean up the code and make it simpler .

Hi Unimak, how do I get my charts to look like that with the cloud and candles that change based on above or below cloud???? Thank you.

well all you have to do is use this indicator to get what you are asking

Things which we do not need in the refine EA

user_tp: money management system takes this and minimum_lots to calculate "take profit" in dollars >> explained in first post
user_sl: money management system takes this and minimum_lots to calculate "stop loss" in dollars >>> explained in first post
use_tp_sl: 1 to close orders using user_tp and user_sl, 0 to close orders when indicator have a opposite signal. >>> good we can keep the option with settings a 0
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit. > for now need to be disabled
strategy1: Tenkan Sen/Kijun Sen Cross. 0 disabled, 1 enabled.>>>> not needed will confuse
strategy2: Kijun Sen Cross. 0 disabled, 1 enabled. >>>> not needed will confuse
strategy3: Kumo Breakout. 0 disabled, 1 enabled. >>>> default should be enable
signal_strength: 1 only strong signals, 2 strong and neutral signals, 3 strong, neutral and weak signals >>>> not needed rules have changed
money_management: 1 money management enabled, 0 money management disabled (the EA will trade the amount of lots specified in min_lots).>>>> not needed
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit. >>> needed manually to be set by the user
risk: percentage from free margin used in a single order if money_management is set to 1 and progression is set to 0.>>>> not needed
progression: 0 no progression, 1 D'Alembert , 2: Martingale >>> not needed

Thank you, will do!!