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Ichimoku forever

  • #2,201
  • Sep 12, 2009 2:05pm Sep 12, 2009 2:05pm
Quoting lbtrader
hello kumo warriors, I've been away for a while, and now that I'm back, I see that there has been much progress and lots of pips .
LB missing you around

the week was crazy , have u seen the productivity report , the warriors have done a great job in here , thanks for your great efforts

have a nice weekend

Vic
  • #2,202
  • Sep 12, 2009 2:22pm Sep 12, 2009 2:22pm
Quoting stevewide
I think I see it. I can't say I got it without further study. Your examples help me see the MTF flow better and better. A light bulb came on with your chart example. Let's see if i can start seeing it clear. I'll study this more and practice on some of the charts you analysed for next week.

Thank you so much for taking your time to get me up to speed. I hope this helps someone else too as I have asked alot of beginners questions.

Your friend,

Steve

Steve

Enjoy the Magic of Ichimoku , Follow the warriors next week and am sure you will be happy

Vic
  • #2,203
  • Sep 12, 2009 2:54pm Sep 12, 2009 2:54pm
Quoting vic_elc
LB missing you around

the week was crazy , have u seen the productivity report , the warriors have done a great job in here , thanks for your great efforts

have a nice weekend

Vic
I have Vic, and I think you are the one to blame for the great disturbance in the force, with all the ichimoku masters that you have created .
I have been busy with my daily job and some tweaking of the M1 trading technique which when the time comes will be a great addition to the ichimoku strategies armamentarium.
  • #2,204
  • Sep 12, 2009 3:35pm Sep 12, 2009 3:35pm
Quoting vic_elc
so next week i'll not add the EUR CAD to my metatrader charts i'll add the USD CAD 30 mins only and once i get a cross on the 30 mins i'll jump in and keep moving my stop with the Ks and once the 4Hrs cross i'll add another position and keep moving my stops with the Ks

this is how we search for the markets , don't wait for the market to come u choose the best market and go with , you can do this for several pairs and decide which signal you will jump with and the 1st one to happen is your market

hope that this makes sense .
So, no targets on the lower timeframes? We are now just closing the trade out when the price hits the Ks again (where our stop would be) ?
Personally, my feeling is that this is a good tactic on any timeframe but I'm not sure how effective it would be on the 5min charts, which are quite volatile. I guess it is also the standard ichimoku tactic. I'm still not sure aiming for 30% of the daily ATR is always going to be reached...in theory if the trend is correct then yes, but there are always retraces. For example, a daily ATR of 150 is not all 150 down...but I bow to your judgement on this
  • #2,205
  • Sep 12, 2009 4:23pm Sep 12, 2009 4:23pm
Quoting stevewide
I think I see it. I can't say I got it without further study. Your examples help me see the MTF flow better and better. A light bulb came on with your chart example. Let's see if i can start seeing it clear. I'll study this more and practice on some of the charts you analysed for next week.

Thank you so much for taking your time to get me up to speed. I hope this helps someone else too as I have asked alot of beginners questions.

Your friend,

Steve


Hi Steve
Your questions have helped me out a great deal and cleared a few things up in my head. I think we are both in a very similar position at the moment. Looking forward to next week and seeing how things pan out.
Will put forward my own analysis of a pair soon to check I've got the right idea.

Best Regards
  • #2,206
  • Sep 12, 2009 5:40pm Sep 12, 2009 5:40pm
Quoting sinner-
Hi guys, it's Saturday night here but I have written an Ichi EA which I'm pretty excited about and wanted to share it with you.

The rules are simple. On M15:

* Trade only Tokyo hours.
* TS <> KS
* Open <> Chinkou
* Price <> M15 and H1 and H4 senkou A
* Bar range/ATR > 50%

Optional settings:
* Set 2 orders, SL of second order to BE when TP1 hit.
* Set stop to M15 senkou A + buffer (static)
* Trail stop to M15 senkou A + buffer (dynamic)

I backtested it from roughly 2009/04/01 - 2009/07/31. No reason for those dates in particular other than...

Hey Sinner I'll test it for you.
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #2,207
  • Sep 12, 2009 6:12pm Sep 12, 2009 6:12pm
Quoting fxScavenger
Hey Sinner I'll test it for you.
I tested the EJ & AJ from July 08 to presesnt as requested.

The results were not good.

I didn't find an option to limit its hours of operation to Asian session.

That may be the reason for bad results.

What test pairs do your results show?

Also did you test on a 4dgt or 5dgt platform?
fxScavenger Arrogance is just Ignorance misspelled. abso-PIPn-lutely
  • #2,208
  • Sep 12, 2009 9:52pm Sep 12, 2009 9:52pm
Hey Wolfan,

Your Ichi inidicator is already being put used and hailed on other websites. IT didnt take long. Great Work! You'll have to collect the royalties in other versions

Lionsden

http://www.blogcatalog.com/blog/my-t...0428f9b21b395b
  • #2,209
  • Sep 12, 2009 10:41pm Sep 12, 2009 10:41pm
Quoting vic_elc
does this one make it clear ??!!
if not am ready to explain more

wish you luck
hye ...when i follow these thread..i can gave the honour to u coz ur are strong confident and follow the even better rule...mizuho was crete team like these and i saw a good follower like u...these may cos every people use japanese technical analysis...

i wondering maybe no more to surf mizuho bank tech team but just involved in these forum might be good as traders....these system might be good as well we follow the rule and dont break it...use TF 5 min is correctly answer to mini accnt...why we must think what happend these other day...just use TF 5 min then collect ur profitt tats alll....

i honour u THE GOOD MADE EASYLY TRADERS>>>...gud luck and god blesss u ..dont die in the young ages ...we neee more people like u....
  • #2,210
  • Sep 12, 2009 11:05pm Sep 12, 2009 11:05pm
Quoting krmo
Hi there,
Just thought I would give my input.
A signal is good until it breaks down (eg.. a Ts/Ks cross in the other direction or Chinkou in wrong position...
The signals do not have to happen simultaniously on the different time frames...
They build up from the longer to the shorter time frames...
Hi,

Can someone explain me this statement as quoted above: "They build up from the longer to the shorter time frames..."

I though that signals first appear in lower TFs because changes happen rapidly down there. Since higher TFs have a significant lag (especially 4hr TF), the signals show up late. Wouldn't a trend be first noticed on a 15min chart and then on 1hr and 4hr respectively after some delay?

Hence, shouldn't signals build up from shorter timeframe to longer?

Correct me if i'm wrong. I'm just trying to understand :nerd:
  • #2,211
  • Sep 13, 2009 12:05am Sep 13, 2009 12:05am
Quoting fxScavenger
I tested the EJ & AJ from July 08 to presesnt as requested.

The results were not good.

I didn't find an option to limit its hours of operation to Asian session.

That may be the reason for bad results.

What test pairs do your results show?

Also did you test on a 4dgt or 5dgt platform?
Hi fxScavenger, the version I provided is a compiled ex4 so you can't modify any of the settings. The Asian session hours are hardcoded in, my broker uses Berlin time so it's set to that value. If you tell me your broker time I will provide a fresh ex4 for that timezone. I don't want to release the code until I'm sure it's right. Can't wait to get my internet back to stop making this so difficult for me!

Considering how solid the backtest results were for EJ from the period I tested I am hoping your bad results is just because of broker time difference or maybe lower daily range so TP/SL values might need to be narrowed.

I tried to code in something to trail TP using TS or KS but couldn't get it working.

I tested on GoMarketsAus MT4 so it was 5 digit I believe.
  • #2,212
  • Sep 13, 2009 12:13am Sep 13, 2009 12:13am
In the meantime, can you run some extra tests from say Jan09 - Current and Sept08-Nov08?
  • #2,213
  • Sep 13, 2009 12:26am Sep 13, 2009 12:26am
Quoting hitman047
Hi,

Can someone explain me this statement as quoted above: "They build up from the longer to the shorter time frames..."

I though that signals first appear in lower TFs because changes happen rapidly down there. Since higher TFs have a significant lag (especially 4hr TF),...
Hi there Hitman,
It does seem backwards but we have to remember we are trading with the trend of the larger time frames...
Yes, you are correct in saying that the 15min. has to turn first... but a 15min trend does not have the same weight as a daily trend..think about how many 15 min candles it takes to show a change in the daily trend...
Is it a 15min trend change or just a pullback of the bigger trend?
Remember this is a trend following system...

Example:
We have a daily chart showing the beginnings of a new down trend with a good Ichi signal...
The 4hour maybe cycling upwards (a pullback on the daily), so we wait for it to roll over with a good signal...
We get it but the 30 and 15 are now cycling up (a pullback on the 4hour)...
We finally get the 30 and 15 giving good signals and we time our entry with a good 5 min. signal...

As the Daily trend holds we will continue trading the cycles of the lower time frames looking for new entries inline with the daily trend...

That is what I meant by "They build from the longer to the shorter"

Hope that helps clarify....
Attitude can reflect outcome in life and trading!
  • #2,214
  • Sep 13, 2009 12:35am Sep 13, 2009 12:35am
Quoting lionsden
Hey Wolfan,

Your Ichi inidicator is already being put used and hailed on other websites. IT didnt take long. Great Work! You'll have to collect the royalties in other versions

Lionsden

http://www.blogcatalog.com/blog/my-t...0428f9b21b395b
I have posted a comment to
  • #2,215
  • Sep 13, 2009 7:54am Sep 13, 2009 7:54am
GETTING READY FOR THE NEW WEEK
  • #2,216
  • Sep 13, 2009 8:44am Sep 13, 2009 8:44am
Quoting amoreconspirito
hye ...when i follow these thread..i can gave the honour to u coz ur are strong confident and follow the even better rule...mizuho was crete team like these and i saw a good follower like
Thanks my friend , i think now there will be no need to follow Mizuho bank anymore , we can do it the same way the Big Boyz are doing it

have a nice day

Vic
  • #2,217
  • Sep 13, 2009 9:09am Sep 13, 2009 9:09am
Hello Vic,
To me here is the better than Mizuho Bank the best so far.
we will keep fighting till the last drop of pip,
More Grace to the worriors.
  • #2,218
  • Sep 13, 2009 10:15am Sep 13, 2009 10:15am
Quoting dantakum
Hello Vic,
To me here is the better than Mizuho Bank the best so far.
we will keep fighting till the last drop of pip,
More Grace to the worriors.
Thanks for your nice words

it is very clear now that no one of us needs an advise from a bank or from any site , this is our job and we know how to do it , follow the warriors next week and you will be amazed

have a nice weekend

Vic
  • #2,219
  • Edited 12:31pm Sep 13, 2009 10:40am | Edited 12:31pm
Quote
Originally Posted by vic_elc...


Hi Vic

So, no targets on the lower timeframes? We are now just closing the trade out when the price hits the Ks again (where our stop would be) ?
Personally, my feeling is that this is a good tactic on any timeframe but I'm not sure how effective it would be on the 5min charts, which are quite volatile. I guess it is also the standard ichimoku tactic. I'm still not sure aiming for 30% of the daily ATR is always going to be reached...in theory if the trend is correct then yes, but there are always retraces. For example, a daily ATR of 150 is not all 150 down...but I bow to your judgement on this

I am thinking:
Daily, 4hr, and 1 hr trades: manage stop by moving to break even after 20pips and trailing the kijun sen.
30: possibly trailing the KS, maybe targeting 30-40% of ADR
15 and 5min: targeting 30% of the daily ADR

http://www.sidekicker.net/SB/FX/gu_ichi.jpg
  • #2,220
  • Sep 13, 2009 11:54am Sep 13, 2009 11:54am
It is a must to follow the trend in the higher time frames and look for opportunities to trade in the same direction in the lower time frames.

If the daily time frame is trending up, look for opportunities to go long in the lower time frame or if the daily time frame is trending down, then go short. If you follow the higher time frames bigger chances of a winning trade.

Counter-trending in the lower time frame is possible but there is a big risk.

Hope this helps.
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