Just for your consideration... this is an absolutely PRE-PRE-ALPHA EA, based on the rules of hmaoui
Ignored
Sorry for my late answer. I was in holiday with no internet connection (very hard in Africa). I really thank you for your work and hope we will improve it to get a final edition. Do not hesitate to ask me for more information if necessary.
After a good support level at the KS, and a cross of the cloud (and KS), confirmed by CS, I enered at the close of the candle at 6.15 (GMT). I sold it at 1.33 (round number resistance) as there is EU news at 9.00 (GMT). +37 pips for a risk of 20pips which allows me to take 3 mini-lots (according to my MM rules). Means +111pips.
I wonder if it would not be better to exit at Round numbers or maybe to get a tight SL, to improve the strategy. To be studied....
...follow this thread ? Maybe I gonna stop it then ? Perhaps you want to improve it so post your ideas !
Ignored
Why would you stop just because you think no one is following your thread! I just found your thread today and I think that it's great. I used to follow Vic_elc's thread until Vic_elc and Ichi360 left and everybody started fighting. I enjoy the simplicity of this thread. You stick to the original core value of the Ichimoku. I'll post some charts but I mainly trade Aud/Usd because of the low spread.
If you wait until the chikou goes above the candle (26 period ago). If you do this, you may find your entry is too late and the price has already moved quite a bit
If the chikou cuts the price (26 period ago) and the current price cuts and closes the kijun, you can consider executing the trade
This strategy appears to work well if you set moderate profit target, say 25~40 pips
If however you are in the trade and the price cuts and closes the kijun in the opposite direction, you may want to cut loss and live another day
If you wait until the chikou goes above the candle (26 period ago). If you do this, you may find your entry is too late and the price has already moved quite a bit
If the chikou cuts the price (26 period ago) and the current price cuts and closes the kijun, you can consider executing the trade
This strategy appears to work well if you set moderate profit target, say 25~40 pips
If however you are in the trade and the price cuts and closes the kijun in the opposite direction, you may want to cut loss and live another day
Ignored
Well, maybe this can be improved by using the tenkan sen line, the cross with the kijun sen, i mean. Or if you want to be more agresive, the cross of the price with the tenkan sen (and the chikou is on the correct side, of course).
Yes i believe this is also workable but it will certain leads to more whipsaw
Other than waiting for the price to go all the way up (or down) to cut and closes on the Kijun, you may also consider entry when the price cuts and closes on the Tenkan.
This strategy is good when the trend is very strong but it appears to work better when you are trading in the same direction as the Kumo and Kijun
There are many ways to trade using Ichimuku, i am not sure which is the best way but i seem to be making progress so far
I trade GBPUSD, EURUSD, EURJPY on 1-hr charts. I am waiting for get HTC Titan or HTC Radar once they are available next month. I understand they run on Windows and hence should be able to load MT4 charts or other java.enabled charts. Then i will have easy access to Ichimuku charts every hour. Hopefully this will improve my trading
