As I was looking at USD/CAD ichimoku chart @ www.freestockcharts.com and in my MT4 platform. I discovered that I was choosing my stop loss almost all the time just behind Pivots!
If you want to see the relationship on your own, go to www.freestockcharts.com and choose USD/CAD pair, add Pivot and Ichimoku and also look at charts in your MT4 as well...
I'm have _heavy_ programming background so what about the following:
I could hook us up with an email/sms/IM alerting system where everyone could alert the others about possible setups he/she has spotted. Also a nice idea would be entries spotted by an EA (i'm heavy into MQL too) that everyone can vote on. I think that could really make a difference. If multiple people agree on a good entry that could certainly raise the success rate i think. Same system could be implemented for manual spotted entries.
What are your opinions...
Ignored
You might want to check out google wave it have voting gadgets built in you just drop them in I think they call it yes/no/maybe gadget. it is kind of a combination of chat/im/email.
As I was looking at USD/CAD ichimoku chart @ www.freestockcharts.com and in my MT4 platform. I discovered that I was choosing my stop loss almost all the time just behind Pivots!
If you want to see the relationship on your own, go to www.freestockcharts.com and choose USD/CAD pair, add Pivot and Ichimoku and also look at charts in your MT4 as well...
The image is attached for yourview.
Ignored
I keep adding and removing pivots on my VT Trader too and there is a lot of times they do get hit, exactly what to do with that information I don’t know, so that starts the whole cycle over with removing the pivots.
I don't use Pivots, but I just happen to recognize the relationship that's all. I think simplest way is to use Ichimoku only...nothing but simple, bare Ichimoku. To me, the simplicity is one of the keys. If you can accomplish with less, comparing to a person who accomplishes the same success with more tools, I think you are better off than him.
That's my perspective, I would be interested to hear others' opinon who are more experienced like Mahmood who has consistency of success which is what we want.
I keep adding and removing pivots on my VT Trader too and there is a lot of times they do get hit, exactly what to do with that information I don’t know, so that starts the whole cycle over with removing the pivots.
Fellow traders fyer and me will start doing an Ichimoku EA so any one who is seriously interested and having a good trading system should write his system briefly with all the details on a pdf and contact us, so that we share our experience together,
thanks
Mahmood
Ignored
its not easy because ts and ks sometimes can be just 1 pip different.
I am not sure about this...it is not easy ...check US index..it seems like it just broke TK and KS...down...so...it is possible that US is going to go down now...
It all depends. e.g. if you use bare ichimoku but do check it on multiple tfs and respect resistances on those levels that might face your trade e.g. the cloud, ts/ks whatever on higher timeframes which might be in the way of your trade - then a lot of times those levels will actually match the resistances generated by other tools like pivots or whatever. most calculations are similar or build into ichimoku so a multi tf check will reveal those too most of the time.
I don't use Pivots, but I just happen to recognize the relationship that's all. I think simplest way is to use Ichimoku only...nothing but simple, bare Ichimoku. To me, the simplicity is one of the keys. If you can accomplish with less, comparing to a person who accomplishes the same success with more tools, I think you are better off than him.
That's my perspective, I would be interested to hear others' opinon who are more experienced like Mahmood who has consistency of success which is what we want.
btw from an entry level point of view i trade pretty much the same way as mahmood does. we have got "sloppier" entries then vic but don't want anything in our way at least for a sl + some pips range on the higher timeframes. keeps you from using a high sl. he enlightened me one some good exit points though which also happen to be major points in the higher tfs. so yes i definitly think respecting additional levels at least in higher tfs is a must (if you enter on lower ones)
I don't use Pivots, but I just happen to recognize the relationship that's all. I think simplest way is to use Ichimoku only...nothing but simple, bare Ichimoku. To me, the simplicity is one of the keys. If you can accomplish with less, comparing to a person who accomplishes the same success with more tools, I think you are better off than him.
That's my perspective, I would be interested to hear others' opinon who are more experienced like Mahmood who has consistency of success which is what we want.
gkaya: what is also do i respect the 200 sma. i do trade some crosses of it though. especially bounce backs. decent candle size, decent break, decent ts/tk, cci >50 <-50. best thing is narrow channel around the sma, good break of it along with ts/ks breaking it, cci -> heavy entry
According to ichimoku's strong signal, CK is in the cloud and action should not be taken. Plus,
I would also look at higher time frames, add resistance/support levels and also see where they are in regards to Ichimoku's strong signal rule. I would also look at if there is MEDIUM/HIGH level news around my trading, I would wait to see the result if I don't have to leave my computer.
gkaya: what is also do i respect the 200 sma. i do trade some crosses of it though. especially bounce backs. decent candle size, decent break, decent ts/tk, cci >50 <-50. best thing is narrow channel around the sma, good break of it along with ts/ks breaking it, cci -> heavy entry
Thats the big question. People including me trade what they see. Most of the time "decent" is in the context of the candle size / slopes in the recent past. We don't look at the pure numbers though (e.g. average pips a slope represents over a certain amount of candles) To automate things we need to find out how we define decent under certain circumstances e.g. average candles leading to point A was X so a candle doing action B has to be around Y +-.
attached my rules that I have tested on ForexTester 2
and a question for programmer
B.T.W. I have programmed the strategy in Delphi for ForexTester 2
the strategy needs access to Order Info - which if the platform is not native to the broker
the platform can only submit orders not retrieve account history
attached my rules that I have tested on ForexTester 2
and a question for programmer
B.T.W. I have programmed the strategy in Delphi for ForexTester 2
the strategy needs access to Order Info - which if the platform is not native to the broker
the platform can only submit orders not retrieve account history
Ignored
nice EA but why do u ignore flatness of the Kumo its important thing here! and i will ask Alex because he is the programmer here, second thing why do u use MA ,prices respect the ts and ks more,
Thanks
Mahmood
lets work on it.
