Ichimoku forever | Page 663 | 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

  • #13,241
  • May 7, 2010 4:01pm May 7, 2010 4:01pm
Quoting fxripper
probably it might not be used alone right? am thinking how to cooperate it with ichi to provide a time to get out. or do u have any ideas or indicators?
I noticed I have GP_trend, and you are using "GP-Trend v2", would you like to upload this indicator or have you tried on backtesting if it repaints?

Thanks
  • #13,242
  • May 7, 2010 4:09pm May 7, 2010 4:09pm
Quoting fxripper
the red line is kijun sen.

Nice Thanks
  • #13,243
  • May 7, 2010 5:06pm May 7, 2010 5:06pm
how to trade ichimoku efectively using only the daily chart ?
  • #13,244
  • May 7, 2010 9:56pm May 7, 2010 9:56pm
Quoting oli
Usd-index below resistance
Hello Oli,

What's that yellow line on your chart? Seems something like SMA.

Regards
  • #13,245
  • May 8, 2010 3:15am May 8, 2010 3:15am
Quoting laserjet1
I noticed I have GP_trend, and you are using "GP-Trend v2", would you like to upload this indicator or have you tried on backtesting if it repaints?

Thanks

Not poking my nose into your coverstaion guys but try using Heinkin Ashi on the next time frame up to exit your trades.

here are the 2 inds there the same except one pots ha on the chart the other plots ha as blocks in a separate pane.

here is an example on £$ in on the daily (top) out on the weekly (bottom)

cheers

paul
Attached Image (click to enlarge)
Click to Enlarge Name: DW.jpg Size: 108 KB
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   4 KB | 379 downloads
File Type: mq4 %23Heiken%20Ashi_SW.mq4   4 KB | 446 downloads
  • #13,246
  • May 8, 2010 3:35am May 8, 2010 3:35am
Quoting laserjet1
I noticed I have GP_trend, and you are using "GP-Trend v2", would you like to upload this indicator or have you tried on backtesting if it repaints?

Thanks
this one repaints too. sigh.
  • #13,247
  • May 8, 2010 4:17am May 8, 2010 4:17am
Quoting Paulus
Not poking my nose into your coverstaion guys but try using Heinkin Ashi on the next time frame up to exit your trades.

here are the 2 inds there the same except one pots ha on the chart the other plots ha as blocks in a separate pane.

here is an example on £$ in on the daily (top) out on the weekly (bottom)

cheers

paul
thanks paul. i m currently using ur technique to get out of trade. works great. but take a look at this. just a lil somethin found. multi timeframe stochastic. might work as well. any opinions guys?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mtfstoch.gif Size: 28 KB
Click to Enlarge Name: mtfstoch2.gif Size: 39 KB
  • #13,248
  • May 8, 2010 5:02am May 8, 2010 5:02am
Hi Karmakey,
Thanks for the updates on the info panel. One little problem I am having though. Still can't get rid of the lime green in the Ask price. I also noticed that in inputs the Bid and Ask colours do not correspond with what you see on screen. Bid col - Lime Green and Ask col - Red. Maybe this is the problem???
Can you also explain the workings of the Arrow next to the Bid and Ask. For me it sometimes shows up while we are clearly in a down move???? Does it just indicate the direction of the current candle?
Once again great work and many thanks for sharing your hard work.
Ciao
  • #13,249
  • May 8, 2010 5:23am May 8, 2010 5:23am
take a look at this. mtf stoch to determine exit point. it uses a daily timeframe (adjustable) and traded on a lower tf like H4. trade executed at kumo break and exited once the mtf stoch crosses. tell me what u think. it looks pretty simple and i guess this indi doesnt repaint. (stochastic doesnt repaint right? ) "x" mark on chart with green color indicates position closed with profit and "x" with red indicates a position closed with losses.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mtfstoch.gif Size: 28 KB
Click to Enlarge Name: mtfstoch2.gif Size: 22 KB
  • #13,250
  • Edited 6:44am May 8, 2010 6:12am | Edited 6:44am
Chikou or 1 SMA or SR cloud break

How to create a future Chikou or 1 SMA cloud

In the Navigator window of Metatrader select "Moving Average"
A new window will appear
Period: 1 Shift: +14
MA Method : Simple
Apply to: Close
Select the colour
Click OK

Repeat the above process. Increase the shift with 1 until you have 40 or 50
A future Chikou or 1 SMA cloud will be in front of the price.

Rules of the trade
(Thank you fxripper for the CCI(200) tip - http://www.forexfactory.com/showpost...ostcount=13169 )

(For a short or sell)
1. Wait for the bar to close below the cloud
2. CCI (200) must be below -50
3. Enter with the initial stoploss above the cloud

(For a long or buy)
1. Wait for the bar to close above the cloud
2. CCI (200) must be above +50
3. Enter with the initial stop loss below the cloud

Stop loss strategy will depend on your exit strategy

Exit strategy
1. Fixed number of pips (every pair will differ on the number of pips they will give freely).
2. Wait for the tenkan to turn around.
3. Wait for the kijun to turn around.
4. Draw trend lines on the chikou and when you have a trend line break you exit.
5. Use the steps or flat areas on the cloud (in the past) for target prices.

Always keep an eye on the higher time frames - you may be on a wave that will take you to hundreds of pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: create-1sma-cloud.gif Size: 150 KB
Click to Enlarge Name: chikou-cloud-break.gif Size: 42 KB
  • #13,251
  • Edited 7:00am May 8, 2010 6:35am | Edited 7:00am
>>Draw trend lines on the chikou and when you have a trend line break you exit

kinko :

1/ how you draw trendline effectively on chikou ?

2/ can add original ichimoku to the chart ? if chikou of original ichmoku above cloud then buy
vice versa
  • #13,252
  • May 8, 2010 7:30am May 8, 2010 7:30am
Quoting webforex
>>Draw trend lines on the chikou and when you have a trend line break you exit

kinko :

1/ how you draw trendline effectively on chikou ?

2/ can add original ichimoku to the chart ? if chikou of original ichmoku above cloud then buy
vice versa
1) When you have an entry
draw the trend lines that you can identify
zoom the chart out and draw more trendlines
for each trendline that you draw decide if you can live with a trendline break and then decide if you are going to stay with the short term or long term trendline.
Below three different trendlines with the same entry
Consider the outcomes of each trendline if you are going to have a trendlinebreak to early and if you can live with the outcome.

2) yes you can add Ichi to the chart. I only showed the chikou cloud(1 SMA) not to create confusion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chikou-trendline-break.gif Size: 48 KB
Click to Enlarge Name: chikou-trendline-break2.gif Size: 43 KB
Click to Enlarge Name: chikou-trendline-break3.gif Size: 30 KB
  • #13,253
  • May 8, 2010 7:52am May 8, 2010 7:52am
Quoting fxripper
take a look at this. mtf stoch to determine exit point. it uses a daily timeframe (adjustable) and traded on a lower tf like H4. trade executed at kumo break and exited once the mtf stoch crosses. tell me what u think. it looks pretty simple and i guess this indi doesnt repaint. (stochastic doesnt repaint right? ) "x" mark on chart with green color indicates position closed with profit and "x" with red indicates a position closed with losses.
This mtf stoch looks interesting. Is it a setting you put on the stochastics or is it an indicator that someone created? Can you explain how to achieve it? thanks
  • #13,254
  • May 8, 2010 9:06am May 8, 2010 9:06am
Quoting Paulus
Not poking my nose into your coverstaion guys but try using Heinkin Ashi on the next time frame up to exit your trades.

here are the 2 inds there the same except one pots ha on the chart the other plots ha as blocks in a separate pane.

here is an example on £$ in on the daily (top) out on the weekly (bottom)

cheers

paul
I like your idea and on higher timeframe (HT) do you wait for HA candle to close and then take exit? bz as you know it changes colour during candle.

Thanks
  • #13,255
  • May 8, 2010 9:26am May 8, 2010 9:26am
Quoting fxripper
thanks paul. i m currently using ur technique to get out of trade. works great. but take a look at this. just a lil somethin found. multi timeframe stochastic. might work as well. any opinions guys?
How you took exit on 2nd chart 'MTF Stoch Exit 1', stoch lines didn't cross yet?
  • #13,256
  • May 8, 2010 9:28am May 8, 2010 9:28am
Quoting davo
Hi Karmakey,
Thanks for the updates on the info panel. One little problem I am having though. Still can't get rid of the lime green in the Ask price. I also noticed that in inputs the Bid and Ask colours do not correspond with what you see on screen. Bid col - Lime Green and Ask col - Red. Maybe this is the problem???
Can you also explain the workings of the Arrow next to the Bid and Ask. For me it sometimes shows up while we are clearly in a down move???? Does it just indicate the direction of the current candle?
Once again great work and many...
Hi Davo, the arrows next to the Bid and Ask shows only the direction of the current candle.

Attached you can find a rebuilded version of the InfoPanel v1.1a with the function for setting colors of informations showed as you have asked for
Attached File(s)
File Type: ex4 IchiTrend_Info_1.1a.ex4   11 KB | 666 downloads
  • #13,257
  • May 8, 2010 9:29am May 8, 2010 9:29am
Quoting fxripper
take a look at this. mtf stoch to determine exit point. it uses a daily timeframe (adjustable) and traded on a lower tf like H4. trade executed at kumo break and exited once the mtf stoch crosses. tell me what u think. it looks pretty simple and i guess this indi doesnt repaint. (stochastic doesnt repaint right? ) "x" mark on chart with green color indicates position closed with profit and "x" with red indicates a position closed with losses.
Stochastic doesn't repaint and I like your idea of re-entering. Good work.

Thanks
  • #13,258
  • May 8, 2010 9:47am May 8, 2010 9:47am
Quoting Itchy4Pips
This mtf stoch looks interesting. Is it a setting you put on the stochastics or is it an indicator that someone created? Can you explain how to achieve it? thanks
mtf stoch is a basic stochastic created by someone else. the normal stoch changes its lines as we move to different timeframes. for example, it may be overbought on m15 but oversold on H4. but with mtf stoch, u can set a reference timeframe for the stoch so that the level will be synchronized.

here's a chart.

the top chart shows daily chart where the stoch is oversold. the middle is H4 with normal stoch which is about to get overbought and about to make a turn down. below is the H4 with mtf stoch which has the same level of stoch as the daily which is oversold.

for me, what's good about it is that we can snyc our trades to the bigger trend and know what to expect and know where we are. are we at the top, bottom, middle, profit expected, stop loss and so on.

if we can combine it as a supplementary indi with ichi system, we might be able to filter fake breakouts or avoid from going against the larger trend. what do u guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: stoch.JPG Size: 210 KB
  • #13,259
  • May 8, 2010 9:58am May 8, 2010 9:58am
hi can u post the indy cheers

P
  • #13,260
  • May 8, 2010 10:27am May 8, 2010 10:27am
Quoting Paulus
hi can u post the indy cheers

P
there it is
Attached File(s)
File Type: ex4 GP_Stochastic_MTF.ex4   4 KB | 582 downloads
3 traders viewing now