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Ichimoku forever

  • #12,981
  • Apr 29, 2010 10:26am Apr 29, 2010 10:26am
Hello Friends,

I'm planning to shift from demo account to live account. Please suggest me any good broker for MT4, based on your experience.

Thanks
  • #12,982
  • Edited 11:25am Apr 29, 2010 10:54am | Edited 11:25am
Hi All,

Just a note for you all.

The EUR/USD and the USD/JPY are at critical S/R levels this week.

The monthly candles will close on Friday and if the following occurs then we could be well on the way to major long term trend confirmation.

EUR/USD is on the monthly kumo base and a close below 1.3310 means that we are likely to be in a long term E/U bearish trade.

Even more excitingly,

USD/JPY is right under the top of the monthly kumo top. A break and hold above 94.30 means we could be at the beginning of a 2-3 year bull market targeting 110-120 area.

If you open a chart and look at both of these you will see what I am talking about.

Furthermore if you open the USD/JPY chart and then apply a 21month moving average you will see that we are just about to cross above this level.

This level on closed crosses previously has indicated the beginning of 2-3 year trends and with the funding costs of holding USD/JPY positions so cheap this is an amazing opportunity to get in at the beginning of a long term trend.

Keep watching these charts and I will update later but this is a very exciting opportunity.

Cheers,

4x.
  • #12,983
  • Apr 29, 2010 10:58am Apr 29, 2010 10:58am
Quoting recidiviste
hello frds

question is it possible to customise entry order level in order to buy or sell as close as possible of the tenkan line ?
or
have the order split in 2 ( one at market in this case over 50 because of slippage with t/p at 70
and
second buy order near tenkan line ?

Golden Rule of EGYTRADER

" wait the attraction afther the action "

and as well have the time of the order ?

and have a compact version of ichimonitor V1.2 with only the global signal strenght ?

more sugestion to come from my side

tks for sharing

recidiviste

I'll try to reply to all your questions, but now I'm at work

1)You can fix a manual level for entry and for StopLoss in the indi options, at this moment the indicator don't take the possibility of fix 2 entry level

2)For the monitor, you can make small view of the indi in the options setting it on the options to view from 1 to 9 TFs, but if you set it to view for example 3 TFs the global signal calc the signal over the 3 TFs showed. I'll evaluate the possibility of make a small version with only the global signal in the future
  • #12,984
  • Apr 29, 2010 10:59am Apr 29, 2010 10:59am
Quoting Paulus
long £$ 5min

1.5259

1 trade on £$ today + 32

P

Still long this signal Iv attached the charts to show entry and why Im still in at the bottom you see the 15min chart and no red HA or red bar ( both the same just presented differently)

P
Attached Image (click to enlarge)
Click to Enlarge Name: itha1.jpg Size: 141 KB
  • #12,985
  • Apr 29, 2010 11:01am Apr 29, 2010 11:01am
Quoting Atti
Thank you this indi Karmakey.
Only one question:
If I see nothing from it, is it mean no signal? (none from it, name or anything else)
And will it seems again at a signal?
Atti

Yes Atti,
if you not see the IchiSearch there isn't any signals.

The indi shows Tenkan/Kijun cross signal based on the cross strenght:

WEAK
MEDIUM
STRONG

in the options you can adjust some parameters.
  • #12,986
  • Apr 29, 2010 11:45am Apr 29, 2010 11:45am
Quoting Paulus
Still long this signal Iv attached the charts to show entry and why Im still in at the bottom you see the 15min chart and no red HA or red bar ( both the same just presented differently)

P

So you wait for the price/candle to go back into the clouds before you take another trade then?

Also could you post the HA indicator you use for the time frames please.

Regards Paul
  • #12,987
  • Apr 29, 2010 12:05pm Apr 29, 2010 12:05pm
Quoting gkdoda
Hello Friends,

I'm planning to shift from demo account to live account. Please suggest me any good broker for MT4, based on your experience.

Thanks
I have been quite impressed with FxPro however you should always have at least 2 broker accounts so that you can cover open positions if one goes down.

Dukascopy is also good and many guys here use Alpari however FxPro are the best in my opinion with MT4.

4x.
  • #12,988
  • Apr 29, 2010 12:16pm Apr 29, 2010 12:16pm
what do you think about this?

Attached Image (click to enlarge)
Click to Enlarge Name: audchf_h4_2904.gif Size: 57 KB


strong cross

Long @ 1.0042
  • #12,989
  • Apr 29, 2010 12:28pm Apr 29, 2010 12:28pm
Quoting gkdoda
Hello Friends,

I'm planning to shift from demo account to live account. Please suggest me any good broker for MT4, based on your experience.

Thanks
hi there i have a great broker that i work with , they have the MT4 platform and great broker fast service .....
for more details email me ;
[email protected]
  • #12,990
  • Apr 29, 2010 12:54pm Apr 29, 2010 12:54pm
Quoting puntalara
So you wait for the price/candle to go back into the clouds before you take another trade then?

Also could you post the HA indicator you use for the time frames please.

Regards Paul

yes in or through but for a long the CS must be above the cloud and below for the short

I closed out the long for 63pips..here is the single time frame HA block will hunt the other out

Cheers

P
Attached File(s)
File Type: mq4 %23Heiken%20Ashi_SW.mq4   4 KB | 497 downloads
  • #12,991
  • Apr 29, 2010 12:59pm Apr 29, 2010 12:59pm
I try to explain the logic behind the IchiSearch indicator:

a)Principally the indicator identify the cross of TS/KS and make two diamond arrow color based on the power of the signal.

b)Second the indi generate a theorical entry signal when we have the following 3 conditions:

1)TS/KS cross
2)Low over(under) KS level
3)Chinkou over(under) High(-26 periods ago)

the entry point is calculated in the following mode:

for LONG signal:
highest High of the last "x" bars (that you can set in the options COUNT_FOR_ENTRY, default is 26 Kijun period)
+
Spread
+
Buffer(you can set its value for every TFs)

for SHORT signal:
lowest Low of the last "x" bars (that you can set in the options COUNT_FOR_ENTRY, default is 26 Kijun period)
-
Buffer(you can set its value for every TFs)

STOPLOSS:

you have 4 different settings:

0 under/over Tenkan +-Buffer (+Spread for Short signal)
1 avg point (Tenkan,Kijun) +-Buffer (+Spread for Short signal)
2 under/over Kijun +-Buffer (+Spread for Short signal)
3 max/min (Kijun,Kumo) +-Buffer (+Spread for Short signal)

TAKE PROFITS:

you can set 2 level of profit based on the Return Ratio section parameters in the indicator's options

the lines are calculated as always +-Buffer and +-Spread

FIXED ENTRY & FIXED STOPLOSS:

you can activate an external level for your entry or stoploss and the indicator calculate the level based on this parameters

MOMENTUM FILTER:

is a experimental function (I'm trying it for entry when the price is to far away from the Tenkan at the moment of signal is generated and a pullback is expected), if activated calculate the entry level in the following mode:

for LONG signal: Open (of the signal candle) + Buffer + Spread

for SHORT signal: Open (of the signal candle) - Spread

COLOR & POSITION SETTINGS:

I don't have to explain

ALARMS SECTION:

you can set screen alarm on and email alarm on (default setting off for both)

ICHIMOKU PERIODS:

you can set different periods for the calculation of the signal based on Ichimoku (default are 9,26,52)

OTHER THINGS:

I)the indicator shows also the Buffer selected for the current TF on the screen

II)the risk in € (if the Currency of the Account is Euro) of the current stoploss (this function is valid for the first position opened of each pairs...future implementations is needed...)

III)the current stoploss position (based on the stoploss parameter 0,1,2,3) for trailing it

IV)with the aid of the IchiHistory and the external entry/stoploss parameters you can choose a different moment and level for entry (for example when the Kumo Twist occured, or when the TS is over the Kumo....ecc...)


I hope this brief Guide can Help you with the use of the IchiSearch.

I have worked hard on it, but I think that sharing the Knowledge is the best way of living.....

If you have any questions....ask me....I'll try to answer you all...

(As always excuse me for some grammatical mistakes....I'm not English...)
  • #12,992
  • Apr 29, 2010 1:31pm Apr 29, 2010 1:31pm
I will be glade at some of the Ichimoku gurus on this thread like ichi360 and Vic for their opinion regarding my indicators
  • #12,993
  • Apr 29, 2010 2:53pm Apr 29, 2010 2:53pm
Quoting karmakey
I try to explain the logic behind the IchiSearch indicator:

a)Principally the indicator identify the cross of TS/KS and make two diamond arrow color based on the power of the signal.

b)Second the indi generate a theorical entry signal when we have the following 3 conditions:

1)TS/KS cross
2)Low over(under) KS level
3)Chinkou over(under) High(-26 periods ago)

the entry point is calculated in the following mode:

for LONG signal:
highest High of the last "x" bars (that you can set in the options COUNT_FOR_ENTRY,...
holy crap your indi is a really great tool!
you must have spent countless hours on it. thanks for sharing, this will aid my trading learning tremendously!

on a side note: i now got a HTC HD2, running mt4 mobile. trading on the go is just nice. i send myself emails on ichi signals including a screen, which now has this indi too
Patience is key.
  • #12,994
  • Apr 29, 2010 4:05pm Apr 29, 2010 4:05pm
Quoting moetzger
holy crap your indi is a really great tool!
you must have spent countless hours on it. thanks for sharing, this will aid my trading learning tremendously!

on a side note: i now got a HTC HD2, running mt4 mobile. trading on the go is just nice. i send myself emails on ichi signals including a screen, which now has this indi too
Thanks for the appreciations Moetzger
  • #12,995
  • Apr 29, 2010 4:08pm Apr 29, 2010 4:08pm
A little update for the indi, It corrects a wrong code in the calculation of the value of the current stoploss.

The core of the indicator and the search routine is the same, so the version change only from 1.5a to 1.5b

Enjoy it
Attached File(s)
File Type: ex4 IchiTrend_Search_1.5b.ex4   46 KB | 974 downloads
  • #12,996
  • Apr 29, 2010 10:10pm Apr 29, 2010 10:10pm
Quoting 4xAddict
I have been quite impressed with FxPro however you should always have at least 2 broker accounts so that you can cover open positions if one goes down.

Dukascopy is also good and many guys here use Alpari however FxPro are the best in my opinion with MT4.

4x.
Hi,

I'm looking for a good broker too these days. How about ActivTrade? http://www.activtrades.com/ I'm not advertising it or whatsoever and I'm not their client yet right now, but I've a strong interest with them lately. And planning to open a live account in the near future. I've been using their demo account for 2 months now. Just look at the specifications and the FAQ, especially the Interbank Account http://www.activtrades.com/index.aspx?page=forex_scalp

I like UK based brokers because generally they have a good security on your money, i.e. segregated client account, and I think UK government also covering your money if your broker went to a bankruptcy. Is it right guys? I need your opinions on these too :-)

Thanks...
  • #12,997
  • Apr 30, 2010 12:11am Apr 30, 2010 12:11am
Good Morning Boys!

What do you think about this trade?

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd_h1_2904.gif Size: 50 KB


ENTRY @ 1.8264
STOPLOSS @ 1.8452
FIRST TARGET 1.8151
  • #12,998
  • Apr 30, 2010 1:44am Apr 30, 2010 1:44am
Quoting fadi66
hi there i have a great broker that i work with , they have the MT4 platform and great broker fast service .....
for more details email me ;
[email protected]
Please do not post advertisements in our thread.

Ask permission from one of our members via PM before posting again.

4x.
  • #12,999
  • Apr 30, 2010 1:47am Apr 30, 2010 1:47am
Quoting 4xAddict
Please do not post advertisements in our thread.

Ask permission from one of our members via PM before posting again.

4x.
  • #13,000
  • Apr 30, 2010 1:53am Apr 30, 2010 1:53am
Quoting a2xm
Hi,

I'm looking for a good broker too these days. How about ActivTrade? http://www.activtrades.com/ I'm not advertising it or whatsoever and I'm not their client yet right now, but I've a strong interest with them lately. And planning to open a live account in the near future. I've been using their demo account for 2 months now. Just look at the specifications and the FAQ, especially the Interbank Account http://www.activtrades.com/index.aspx?page=forex_scalp

I like UK based brokers because generally they have...
I have not heard of this broker which does not make them any better or worse than others

No brokers to the best of my knowledge are covered by government guarantees as they are not personal savings accounts but rather accounts for use in high risk investment strategies and most governments assume that these accounts are being used by informed and educated investors.

Most reputable brokers have to maintain certain capital bases however it is unlikely that they are guaranteeing accounts.

This is my interpretation of situation having studied at law school however there may be someone with further information on this that is country specific.

Regarding trading in the UK, if you are living in the UK then you should open a spread betting account rather than a forex account with Alpari, FXCM, IG Markets or one of many others. This is exactly the same as trading however due to certain government laws it is considered to be gambling and is not subject to tax on earnings (considered to be winnings nor income).

This is 100% legitimate and gives you exactly the same trading experience. The only difference is that you have to use their custom spread betting platforms. These have most of the normal functions and you just use MT4 on a demo account with someone else for charting. Believe me, not paying tax is a VERY good idea.

Regards

4x.
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