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Trading with range bars ichimoku cloud & awesome oscillator

  • #2,341
  • Oct 27, 2017 3:12am Oct 27, 2017 3:12am
Good day trading.

10 pip range bars, entered when ADX >= 25 and range bar system criteria.

EU + 118
EJ + 82
GU +70 (and still open)

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EZ
  • #2,342
  • Oct 27, 2017 3:27am Oct 27, 2017 3:27am
All,

I created an EA for RP's new ADX/RSI/Heiken Ashi system. Feel free to test and recommend improvements. It has some neat features like auto magic #, and to not enter new trades (and exit current trades) at the weekly S2/R2 when the market is really overextended. I added my currency strength indicators which will be used for future entry logic but currently is not used (but currency strength is displayed on multiple TF's).

If there its lots of interest and many posts, we will have to move this system to a new thread as to not dilute this thread from RP's original (and awesome) range bar system.

EZ
Attached File(s)
File Type: mq4 ADX RSI system v1.0.mq4   25 KB | 462 downloads
File Type: mqh currencySignals.mqh   38 KB | 379 downloads
  • #2,343
  • Oct 27, 2017 4:31am Oct 27, 2017 4:31am
Quoting ezcurrency
Good day trading. 10 pip range bars, entered when ADX >= 25 and range bar system criteria. EU + 118 EJ + 82 GU +70 (and still open) {image} {image} {image} EZ
Impressive.I have a question? Your trades took about 5-6 hours if i am not mistaken.How do you manage these trades?( locking profits,take profit levels if any...)
  • #2,344
  • Oct 27, 2017 7:22am Oct 27, 2017 7:22am
Quoting golden-way
Hey guys eu {image}
GW your cloud seems thinner than in some of the charts i have seen you post.Are you still using 34 for the span?
  • #2,345
  • Oct 27, 2017 10:58am Oct 27, 2017 10:58am
Pretty simple trading day, for a change.
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  • #2,346
  • Oct 27, 2017 11:17am Oct 27, 2017 11:17am
Quoting ichikuse
{quote} Impressive.I have a question? Your trades took about 5-6 hours if i am not mistaken.How do you manage these trades?( locking profits,take profit levels if any...)
My broker has trailing SL which I set wide then I manually check the charts every few hrs, and exit on a AO divergence, if the cloud breaks, or if it looks like price is pushing a recent H/L to run stops.

EZ
  • #2,347
  • Oct 27, 2017 11:19am Oct 27, 2017 11:19am
Quoting ezcurrency
All, I created an EA for RP's new ADX/RSI/Heiken Ashi system. Feel free to test and recommend improvements. It has some neat features like auto magic #, and to not enter new trades (and exit current trades) at the weekly S2/R2 when the market is really overextended. I added my currency strength indicators which will be used for future entry logic but currently is not used (but currency strength is displayed on multiple TF's). If there its lots of interest and many posts, we will have to move this system to a new thread as to not dilute this thread...
Did anyone who downloaded my EA test it over the European/US session? I was so damn tired last night after coding it I didn't set it up to test. I'll set it up Sunday night.

EZ
  • #2,348
  • Oct 27, 2017 11:58am Oct 27, 2017 11:58am
Quoting ichikuse
{quote} GW your cloud seems thinner than in some of the charts i have seen you post.Are you still using 34 for the span?
Hi, its 24

ej
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  • #2,349
  • Oct 30, 2017 1:41am Oct 30, 2017 1:41am
Quoting ezcurrency
All, I created an EA for RP's new ADX/RSI/Heiken Ashi system. Feel free to test and recommend improvements. It has some neat features like auto magic #, and to not enter new trades (and exit current trades) at the weekly S2/R2 when the market is really overextended. I added my currency strength indicators which will be used for future entry logic but currently is not used (but currency strength is displayed on multiple TF's). If there its lots of interest and many posts, we will have to move this system to a new thread as to not dilute this thread...
New thread started for the ADX/RSI/Heiken Ashi system:

https://www.forexfactory.com/showthr...2#post10440042

For EA to work, the attached indicators are needed as well.

EZ
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   5 KB | 315 downloads
File Type: mq4 nonlagdot.mq4   9 KB | 328 downloads
  • #2,350
  • Oct 30, 2017 8:57am Oct 30, 2017 8:57am
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  • #2,351
  • Oct 30, 2017 9:19am Oct 30, 2017 9:19am
Quoting rockypoint
{image}{image}{image}{image}{image}{image}{image}{image}
Well done! If only i can become consistent like you! I believe one of the reasons you are so good is that you set rules and follow them.You dont hesitate like me.
You dont trade wishes but price action.The hard thing about trading is sticking to rules.

I have also seen the value of this system when used side by side with other systems.I was looking at the same EURJPY chart where you made 32 pips but with the ichimoku system on my 8 pips chart, as i was waiting for a signal you were already in the trade.I believe both systems have pros and cons and at this point,i could have entered the missed trade with this system.
  • #2,352
  • Oct 30, 2017 1:51pm Oct 30, 2017 1:51pm
I still prefer Rockies earlier Range bar approach but that's probably because it is an approach that works, for me, ( more often than not) on the Dax.
Guess that makes me a dinosaur
every Saint has a past. Every Sinner has a Future
  • #2,353
  • Nov 1, 2017 7:43am Nov 1, 2017 7:43am
Have just closed a GBPNZD trade for 31 pips.I was anticipating bullish momentum after positive GBP Manufacturing PMI data.A break of the resistance line i put happened only about 2 hours after the news.Closed the trade when price repeatedly failed to go higher.
Also made 30 pips on GBPJPY.Somehow i thought i had taken a shot of the chart but i had not.Cant post the chart now because i prefer doing so with the pip counter also in the chart.
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  • #2,354
  • Nov 1, 2017 9:24am Nov 1, 2017 9:24am
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  • #2,355
  • Nov 1, 2017 10:52am Nov 1, 2017 10:52am
which trading platform do you use?
  • #2,356
  • Nov 1, 2017 12:14pm Nov 1, 2017 12:14pm
think or swim
  • #2,357
  • Nov 3, 2017 4:45am Nov 3, 2017 4:45am
Hi Rocky. Thanks for the new strategy. Can I ask if you pay attention to pivots in addition to obvious S/R levels?
  • #2,358
  • Nov 3, 2017 1:07pm Nov 3, 2017 1:07pm
Hi rockypoint,

I just stumbled upon this thread and I must say it's wonderful!

I just wanted to ask if you are still using your older strategy or the new one?

I think the new one is a lot more simple, can it be used for both range bound markets as well as trending markets?
  • #2,359
  • Nov 4, 2017 3:19pm Nov 4, 2017 3:19pm
Hi EveningStar.

1) thank you glad you stumbled our way.

2) I will use both strategies, but it seems the new one works better in range bound, light volume markets than the Ichimoku does because you will have less signals for trades.

3) It is not really more simple, it is however less discretionary than the Ichimoku strategy. It should work fine in any market.

New discovery here today had Bacon Wrapped Onion Rings OMG awesome with Siracha Mayo.
  • #2,360
  • Nov 5, 2017 11:14am Nov 5, 2017 11:14am
RP,

I took a look at your new system on a lot of futures (NQ, YM, EMD, RTY, NG, GC, CL) 5 tick range charts and your original system (which started this thread) appears to be far better. The new one reverses a lot at the point of the signal.
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