Ichimoku forever | Page 651 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #13,001
  • Apr 30, 2010 1:56am Apr 30, 2010 1:56am
Quoting 4xAddict
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...
???? Living in UK and trading via a spreadbetting company and you can avoid paying taxes ???

!Congratulation for post #13000 goes to 4xAddict!
  • #13,002
  • Edited 2:51am Apr 30, 2010 2:11am | Edited 2:51am
Morning all

Been on this one since Monday hit +200 this am but on a retrace atm. Will hold this till trend tells me otherwise

** oops meant EURNZD, just a bit over excited! lol
  • #13,003
  • Apr 30, 2010 2:15am Apr 30, 2010 2:15am
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,...
Karmakey,

Your indicator is a very comprehensive ichi tool, you are really helping a lot of people here with your work and your generosity is much appreciated

I have two pieces of feedback, the first is a general warning and the second is about application of one fixed indicator to different pairs.

General Warning
My hesitation with this indicator is people blindly following the trade entry signals. This is because it is very difficult and complex for any indicator to see what a human eye can see - especially regarding nearby S/R levels or recent significant high/lows in price action or psychologically important round numbers like 1.50 on GBP/USD or 1000 on Gold.

For these reasons and there are many more issues in the market like these, I would suggest that people always enter based on their own market analysis. It will significantly increase your win/loss ratio by avoiding these simple but relevant market issues.

That said, having an indicator showing "theoretical" entry signals may help people realize that it could be time to enter because many have difficulty entering trades on time. People should always check the charts once the signal is given before entering trades and not enter blind off the indicator signal.

2. Regarding the trade entry and SL settings, it is hard to apply the same buffers across different pairs due to the different volatility and average trading range of each pair.

For example, when selling the USD/JPY I will normally trail my an SL along the 1hr KS. It will always be approx 5 pips + spread behind the KS for protection.

When I am selling the E/U in the same way, the SL will be approx 10 pips + spread and for the G/J is will be approx 20 pips +spread behind KS.

These are not proven buffers but ones that in my experience more accurately protect your positions in the different pairs. Now if you are using the indicator for long TF trades like 4hr etc then you can simply set the buffer to be the same as the most volatile pair buffer (G/J at 20 pips +spread) and accept the extra risk due to the increased reward on offer. If you are using this indicator for short TF and scalping trades though the extra buffer will significantly reduce your risk:reward which is not good.

I will study your trade entry logic a little more closely and get back to you about this.

BACKTESTING vs LIVE TESTING
Also guys, please remember that backtesting an indicator is NEVER as good as live testing it. You don't have to use real money, just note down each entry signal that the indicator is giving over the next month or so and then see what the win/loss ratio is on trades. This is the only intelligent way to check the accuracy of an indicator. It's best to trade them all like you would live on a demo account and just check the balance in a couple of months.

If you do this you will also be able to provide Karmakey with valuable information that will help in making the indicator even more accurate which is good for everyone

Cheers,

4x.

P.S - Karmakey I am working with Nightyhawk on the ichi monitor at the moment so thanks for your assistance and this should leave you with more time to keep working on your great ichi tools
  • #13,004
  • Apr 30, 2010 2:41am Apr 30, 2010 2:41am
Hi everyone,

I am going to close half of this position at 94.15 now and move the SL to BE.

U/J looks to be slowly idling sideways into the weekend and don't want to be in the market over the weekend given the Euro related craziness currently affecting the market.

Cheers,

4x.

Quoting 4xAddict
NOTE THIS IS A LONG (BUY) TRADE

Hi All,

I have just entered a trade on the U/J details below:

Buy - USD/JPY
Entry - 94.05
SL - 93.75 (Risking 30 pips)
TP1 - 94.35 (Remove half and move SL to BE)
TP 2 - 95.00-95.50 depending on speed of upward move.

Risk reward ratio is greater than 1:1 on this trade and the recent bounce off the 30min KS adds the strength I have been looking for to enter this trade.

Will update as trade plays out.

Cheers,

4x.
  • #13,005
  • Apr 30, 2010 2:45am Apr 30, 2010 2:45am
Quoting nightyhawk
???? Living in UK and trading via a spreadbetting company and you can avoid paying taxes ???

!Congratulation for post #13000 goes to 4xAddict!
Yes, you just need to have a UK address and be able to show proof of address.

It is a bizarre tax ruling that the UK government has made. It's total madness, so many traders spreadbet here now it's crazy. the government will have to eventually review the ruling but until this happens it is possible to trade FX, CFDs, Commodities etc via spreadbetting and not be liable for tax on profits.

4x.
  • #13,006
  • Edited 3:18am Apr 30, 2010 2:45am | Edited 3:18am
Quoting 4xAddict
Karmakey,

Your indicator is a very comprehensive ichi tool, you are really helping a lot of people here with your work and your generosity is much appreciated

I have two pieces of feedback, the first is a general warning and the second is about application of one fixed indicator to different pairs.

General Warning
My hesitation with this indicator is people blindly following the trade entry signals. This is because it is very difficult and complex for any indicator to see what a human eye can see - especially regarding nearby...
Hi 4xAddict! Many Thanks for your feedback

Only few words on it:

Point 1

I think that this indicator (and all the indicators) have the function of make our trade activity clearly but they can't take our place in decisions, so they must always watch to the chart, the important levels, S/R , Macro Economic data and news....ecc....for our entry, SL placement and so on.

The indicators provide a function for insert a manual level for entry and StopLoss for this scope

Point 2

Regarding the buffer setting, I think that you are right (and more experienced of me) but you can set It in the options panel of the indicators for each TFs.


Final

I think that our feedback are the best way to make my tools working better for we all, so don't hesitate to make it!

P.S.
4xAddict I have sended you my mail for the project of indicator you have posted in the last pages, have you recived it?
  • #13,007
  • Apr 30, 2010 3:10am Apr 30, 2010 3:10am
Anyway big thanks to karmakey for indicators

Cheers and wish u green pips
  • #13,008
  • Apr 30, 2010 4:04am Apr 30, 2010 4:04am
Quoting 4xAddict
Hi everyone,

I am going to close half of this position at 94.15 now and move the SL to BE.

U/J looks to be slowly idling sideways into the weekend and don't want to be in the market over the weekend given the Euro related craziness currently affecting the market.

Cheers,

4x.
Hi All,

Closed first half of position for +12 pips (94.17).

SL to BE at 94.05 with second position currently up almost 40 pips.

If we hit 94.45 I think I will close out the balance of the position and relax for the weekend. Looking for a close above the 94.30 area to confirm a break for the monthly kumo and 21 month MA marking the beginning of a major uptrend.

Fingers crossed!!

Bit of a slow week for trades otherwise but will be nice to bank 50-55 pips today before the weekend.

Cheers,

4x.
  • #13,009
  • Apr 30, 2010 4:12am Apr 30, 2010 4:12am
Quoting 4xAddict
Hi All,

Closed first half of position for +12 pips (94.17).

SL to BE at 94.05 with second position currently up almost 40 pips.

If we hit 94.45 I think I will close out the balance of the position and relax for the weekend. Looking for a close above the 94.30 area to confirm a break for the monthly kumo and 21 month MA marking the beginning of a major uptrend.

Fingers crossed!!

Bit of a slow week for trades otherwise but will be nice to bank 50-55 pips today before the weekend.

Cheers,

4x.
Second half of position closed at 94.45 (+40 pips) for a total of 52 pips on this trade.

Hope you guys got in on it as well.

Enjoy your weekend.

4x.
  • #13,010
  • Apr 30, 2010 4:15am Apr 30, 2010 4:15am
Quoting 4xAddict
Second half of position closed at 94.45 (+40 pips) for a total of 52 pips on this trade.

Hope you guys got in on it as well.

Enjoy your weekend.

4x.
Did you close manual (market order) or by limit order?
  • #13,011
  • Apr 30, 2010 4:40am Apr 30, 2010 4:40am
Quoting nightyhawk
Did you close manual (market order) or by limit order?
Did this one manually because it hit the price just as I was watching the chart.

Normally would use SL at that level. Due to the low volatility today and low spread on the U/J it was quite easy to hit the target manually.

Cheers.
  • #13,012
  • Apr 30, 2010 5:54am Apr 30, 2010 5:54am
nice long on eurusd for 35 pips

and currently short £$ from 1.5331 will close when opposit colour block or HA comes along on 15min

cheers

paulus
Attached Image (click to enlarge)
Click to Enlarge Name: itha4.jpg Size: 105 KB
  • #13,013
  • Apr 30, 2010 6:14am Apr 30, 2010 6:14am
low of day holding my £$

still highs and lows are there to be broken,but 15min just going white from red

P
  • #13,014
  • Apr 30, 2010 6:16am Apr 30, 2010 6:16am
just closed the £$ for -9 when i sent my last post 15min was 13mins into the candle it closed white so I close

P
  • #13,015
  • Apr 30, 2010 6:27am Apr 30, 2010 6:27am
Quoting Paulus
just closed the £$ for -9 when i sent my last post 15min was 13mins into the candle it closed white so I close

P
The 15 min was still showing long, i was wondering why you took the short.

Long on aususd myself now fingers crossed. If you could post the multi time HA indicator when you have a minute, it would be much appreciated

Paul
  • #13,016
  • Apr 30, 2010 7:04am Apr 30, 2010 7:04am
my 15min was short at time of the signal as you can see the blue rectangle is position of CS as you can see by the time it had cleared the cloud price had moved alot..In future these trades will not be taken

One or 2 bars past the cloud will be the max

cheers

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: itha6.jpg Size: 102 KB
  • #13,017
  • Apr 30, 2010 7:24am Apr 30, 2010 7:24am
+1 on my eurusd closed as i do not want to be in a trade with the news coming up.

Paulus i think the chart you are showing is the 5 min not the 15min as its the same as my 5 min chart.

The CS has not below below the cloud as yet on the cable 15 min
  • #13,018
  • Apr 30, 2010 7:44am Apr 30, 2010 7:44am
Quoting puntalara
+1 on my eurusd closed as i do not want to be in a trade with the news coming up.

Paulus i think the chart you are showing is the 5 min not the 15min as its the same as my 5 min chart.

The CS has not below below the cloud as yet on the cable 15 min
Hi mate,

take care in the A/U going long into this S/R area that the PA is currently stuck in.

I wouldn't be long below 93.35-93.40 targeting 93.75 area with extension to 94.00 top.

The G/U is looking like a better shorter term scalp as a short at the moment.

Cheers,

4x.
  • #13,019
  • Apr 30, 2010 7:53am Apr 30, 2010 7:53am
Quoting moetzger
holy crap your indi is a really great tool!

i send myself emails on ichi signals including a screen, which now has this indi too
hello

pls explain in details how to set up to recieve mail signal from the indi of karmakey please .

i see i can select mail ok but then what ?

i find the 1H signals good and stable ( the 15M not so good at mom )

tks and cheers

recidiviste
BROKENGLISH
  • #13,020
  • Edited 8:09am Apr 30, 2010 7:58am | Edited 8:09am
Quoting recidiviste
hello

pls explain in details how to set up to recieve mail signal from the indi of karmakey please .

i see i can select mail ok but then what ?

i find the 1H signals good and stable ( the 15M not so good at mom )

tks and cheers

recidiviste
i have modified an ichi alert indicator i found on the web, it now sends emails via the command line smtp tool "blat", including a screenshot of the chart (with ichi, thv calendar and ichi signal search).

if you like i can post the modified indi with a short instruction how to get everything to work sometime through the weekend. (although my mods to this indi are quite hacked ) and i need to find the forum again where i found it, to give proper credit

the beauty of this is that i check emails on my smartphone every hour, so i dont have to watch charts all day long (which isnt possible anyway because of my day job). whenever i get an email, i will check the screenshot, and if i think it is worth another look, i start up mt4 mobile.

ps: of course you can use the email alert function of karmakey's indy. i simply programmed my own because with standard mql4 you cant send attachments
maybe, if karmakey is interested, he can incorporate this method in the indicator. makes things a lot easier
Patience is key.
20 traders viewing now