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Ichimoku cloud burst ea

  • #21
  • Feb 16, 2012 6:25pm Feb 16, 2012 6:25pm
Added the Ichimoku Break Out routine to an EA I already have been testing . Since I already have most of the other items in place, such as SL and TP it was eaiser to do it this way, this is an EA that started out as a TMS EA but has since gone to a try to do everything EA with many options. I have it running on 12 pairs using 15 pip range bars and a setting of 9/26/52. I am using a BE Jumping Stop routine that goes to breakeven plus 5 pips when the price reaches 20 pips of profit. After that it than jumps 5 pips everytime the price gains 5 more pips. Below is the NZDUSD it is presently in and you can see it went to BE and then took one jump after that, so I am good for 10 pips no matter what happens now. I was reading the other thread and noticed they were also using other indicators. Not much time left this week for testing, but will see how it goes. Right now it is running 24/5, next week I will also set one up for trading just durring the London Session and see what the difference is between them. At the present time I am just using the Jumping SL as the exit, or if that doesn't kick in then its 2 * ATR, which probably is a little on the large size.

Attached Image (click to enlarge)
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Attached Image
  • #22
  • Feb 16, 2012 7:25pm Feb 16, 2012 7:25pm
Quoting seller9
Added the Ichimoku Break Out routine to an EA I already have been testing . Since I already have most of the other items in place, such as SL and TP it was eaiser to do it this way, this is an EA that started out as a TMS EA but has since gone to a try to do everything EA with many options. I have it running on 12 pairs using 15 pip range bars and a setting of 9/26/52. I am using a BE Jumping Stop routine that goes to breakeven plus 5 pips when the price reaches 20 pips of profit. After that it than jumps 5 pips everytime the price gains 5 more...
very nice looking chart you have there and you are in GREEN pips.
  • #23
  • Feb 17, 2012 2:49pm Feb 17, 2012 2:49pm
I have been working on the EA and have the SL and Trailing Stop set up but I need to know how you want to do the Take Profit? Just use the Trailing Stop as an exit or is there something else you want to use?

Thanks
  • #24
  • Feb 18, 2012 12:41pm Feb 18, 2012 12:41pm
I have been trading something similar to your EA on a manual basis with pretty good success using EURUSD and AUDUSD on 5 min. I use some slower parameters on Tenkan, Kijun, and Senkou. I have an idea for some different take profits using another indicator as an initial TP. Still working on improvements in that regard. I'd like to correspond to see if my settings might be compatible with your EA, as I am not a coder.
  • #25
  • Edited 10:53am Feb 19, 2012 10:52am | Edited 10:53am
ok , if the sl is taken as 3 pips below the cloud for a buy entry and vice versa for a sell entry then nothing more need to be done in sl except to move it as the value of the cloud bottom value changes in case of a buy entry ,

As regard TP , here are the options

1. book on opposite signal
2. start trail after there is a gap of 30 pips from the entry with 10 pip lock and as price moves to 40 pips we move the Trail to 20 pips to book at around 80 pips
3. we have the present one where we keep a 5 pip trail and carry on.

if this is given as user choice , then we can get the best out of it . i think strategy 1 and 2 will rock big with this ea

if this is realised by this ea then i think we should put to test and no further development need to be undertaken till we assess the performance and come to a conclusion . No need change the settings etc .

Quoting seller9
I have been working on the EA and have the SL and Trailing Stop set up but I need to know how you want to do the Take Profit? Just use the Trailing Stop as an exit or is there something else you want to use?

Thanks
  • #26
  • Feb 19, 2012 11:29am Feb 19, 2012 11:29am
Quoting unimak
ok , if the sl is taken as 3 pips below the cloud for a buy entry and vice versa for a sell entry then nothing more need to be done in sl except to move it as the value of the cloud bottom value changes in case of a buy entry ,

As regard TP , here are the options

1. book on opposite signal
2. start trail after there is a gap of 30 pips from the entry with 10 pip lock and as price moves to 40 pips we move the Trail to 20 pips to book at around 80 pips
3. we have the present one where we keep a 5 pip trail and carry on.

if this is given...
OK

I have a stripped down version of the EA I will test this week on 12 pairs and see what happens. I will use your settings mentioned above and see how it goes.
Inital SL will be 3 pips above/below cloud
Once 40 pips positive movement is reached the Sl will move to Break Even plus 10 pips. After that for every 5 pips of positive movement the SL will move 5 pips. Will just use the SL for the exit for now but can add other exits later to get us closer to the Max pips gained when I see how this goes.

Using 9/26/52

All settings can be chasnged by user.
  • #27
  • Feb 19, 2012 12:04pm Feb 19, 2012 12:04pm
I was given some alternate settings for the Ichimoku Cloud by a well known trader (who has been trading this manually) that slow the change rate and slow the cloud, and have a tendency to filter out a lot of the noise. It appears to minimize false signals and keep you in trades for more profit.

Basically double settings, and also mask out the lines

Tenkan =18 Neutral color
Kijun =52 Neutral color
Senkou= 104 No change
Chinkou Neutral color

You just don't use the neutral colored part of the indicator.

His alternate TP is using CCI as a TP when the indicator hits a real extreme. You add a +225 and a -225 line, so when the indicator hits this extreme, it closes the trade. If you enter a trade while the indicator is at an extreme, you stay in for 10 more candles. You do get out of trades early on occasion, so maybe your t/p is better.

Also you can't enter a consecutive trade in the same direction asa the previous trade unless 50 candles have elapsed (just over 4 hours on a 5 min chart).

It also does allow for an immediate trade in the opposite direction for stopped out trades.

My manual back testing of these rules seems to yield decent results. I look forward to your impressions.
  • #28
  • Feb 19, 2012 3:46pm Feb 19, 2012 3:46pm
Quoting seller9
OK

I have a stripped down version of the EA I will test this week on 12 pairs and see what happens. I will use your settings mentioned above and see how it goes.
Inital SL will be 3 pips above/below cloud
Once 40 pips positive movement is reached the Sl will move to Break Even plus 10 pips. After that for every 5 pips of positive movement the SL will move 5 pips. Will just use the SL for the exit for now but can add other exits later to get us closer to the Max pips gained when I see how this goes.

Using 9/26/52

All settings can be chasnged...
Hey guys,

Very good thread! I like the candles!

@Seller9, are you using the ea of post 1 ore do you have made one for yourself? You load all the ea`s in m2offline charts with s-constantrangebars?

Greeting Rob
  • #29
  • Feb 19, 2012 6:42pm Feb 19, 2012 6:42pm
hey pips, which timeframe you have this baby on?
  • #30
  • Feb 19, 2012 7:02pm Feb 19, 2012 7:02pm
Quoting Denyap
I was given some alternate settings for the Ichimoku Cloud by a well known trader (who has been trading this manually) that slow the change rate and slow the cloud, and have a tendency to filter out a lot of the noise. It appears to minimize false signals and keep you in trades for more profit.

Basically double settings, and also mask out the lines

Tenkan =18 Neutral color
Kijun =52 Neutral color
Senkou= 104 No change
Chinkou Neutral color

You just don't use the neutral colored part of the indicator.

His alternate TP is using CCI as a TP...
Hi Denyap, would you be so kind enough to share at least 1 of your charts with the clouds and cci on it please? i would like to see how the 10candles works...

thanks in advance
  • #31
  • Feb 19, 2012 7:15pm Feb 19, 2012 7:15pm
hi seller9/unimak,

based on the attached image, did you guys trade those breakouts (boxed cyan)? if not, how did you filter them?

hope one of you could answer...

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ichimoku101.jpg Size: 146 KB
  • #32
  • Feb 19, 2012 7:44pm Feb 19, 2012 7:44pm
Quoting Denyap
I was given some alternate settings for the Ichimoku Cloud by a well known trader (who has been trading this manually) that slow the change rate and slow the cloud, and have a tendency to filter out a lot of the noise. It appears to minimize false signals and keep you in trades for more profit.

Basically double settings, and also mask out the lines

Tenkan =18 Neutral color
Kijun =52 Neutral color
Senkou= 104 No change
Chinkou Neutral color

You just don't use the neutral colored part of the indicator.

His alternate TP is using CCI as a TP...
I will try some of your settings later this week. Right now I have 3 versions running with various setting. One version is the stripped down version and the other 2 is where I have added it to my Tool Box EA so I can try different things like your cci settings. Here is a shot of the present basic Break Out EA, it will also restart after one trade ends if you have that function selected, other wise it takes just one trade. By the time I started striiping out all what I didn't need in the original EA I just decide to build a new basic version as it was easier.

Attached Image (click to enlarge)
Click to Enlarge Name: ichimoku_Chart.jpg Size: 381 KB
  • #33
  • Feb 19, 2012 7:51pm Feb 19, 2012 7:51pm
Here are the settings that are available so far in the Basic BreakOut EA, more can be added as they are proven to work.

Attached Image
  • #34
  • Feb 19, 2012 9:13pm Feb 19, 2012 9:13pm
I was trading this manually so I was really just counting 10 candles if I got into a trade when the CCI was in the extreme over or under 225 marker.

Today I stared at a month or so's charts in EUR and AUD and I guess I don't see a great advantage to the slower settings. Forward testig may bear this out. I guess I do like your ideas of using the trailing stop after so many pips profit, and/or jump stops as profit increases. It is more likely to keep you in profitable trades much longer.
Attached Image (click to enlarge)
Click to Enlarge Name: aud day trading 15 3-16.jpg Size: 176 KB
  • #35
  • Feb 19, 2012 9:52pm Feb 19, 2012 9:52pm
Quoting seller9
OK

I have a stripped down version of the EA I will test this week on 12 pairs and see what happens. I will use your settings mentioned above and see how it goes.
Inital SL will be 3 pips above/below cloud
Once 40 pips positive movement is reached the Sl will move to Break Even plus 10 pips. After that for every 5 pips of positive movement the SL will move 5 pips. Will just use the SL for the exit for now but can add other exits later to get us closer to the Max pips gained when I see how this goes.

Using 9/26/52

All settings can be...
great , first test on eusd pair then move to others that way the result will be clean . each pair is unique we know that. the sl is all fine as you have written except that if you find the cloud value changing we move the sl to that value minus or plus 3 pips before we hit the 40 pip profit mark , after which the trail sl takes over.
  • #36
  • Feb 19, 2012 9:56pm Feb 19, 2012 9:56pm
Quoting richdad711
hi seller9/unimak,

based on the attached image, did you guys trade those breakouts (boxed cyan)? if not, how did you filter them?

hope one of you could answer...

cheers
good question , a trade will fire in the circumstances whn the candle changes from green to red and red to green . and in your case it will fire only once
all trade will be fired only once not everytime a brkout happens till we get a breakout in the opposite direction .
  • #37
  • Edited 10:16pm Feb 19, 2012 10:13pm | Edited 10:16pm
our current objective of the ea is very simple , let us make it stable before we move ahead.

Pair :- eursd
Setting of ichimoku - 9 26 52
Trading on the range bar chart ( ea takes trade here )
Range bar setting - for now take anything 10 pips 15 pips will fine tune it later
condition for entry :-

Buy Entry

take entry when the candle is green and not touching the cloud and it is a clear breakout of the cloud

Sell Entry

take entry when the candle is red and not touching the cloud and it is a clear breakout of the cloud

Sl :-

keep it below the cloud for buytrade minus 3 pips to be set manually( SL value arrived by taking cloud value and then the user defined pip value to be minus or plused as the case may be ( in this case i have said 3 pips ) ) & for sell trade above the cloud plus 3 pips for sell trade

SL value should move when the cloud value changes and the trade is still on ....

TP , here are the options

1. book on opposite signal
2. start trail after there is a gap of 30 pips from the entry with 10 pip lock and as price moves to 40 pips we move the Trail to 20 pips to book at around 80 pips
3. we have the present one where we keep a 5 pip trail and carry on.

Lot size to be set manually by the user as per his wish money management to be taken care by him

trading time to be manually set by the user

At a time it will take only one trade that is if a sell trade is taken , it will complete the trade and then only take another trade , if it gets multiple breakouts without hitting SL then those will be ignored. ( richdad711 case) . The idea here is to keep the EA in the trade for a long time and not to be in trade for 5 or 10 pips as normally with this system you stay long and get max pips .


Let us get this working, Many thanks to seller9 for his support.

Let this post remove all the confusion , the mantra is make is simple not complex. All good things are very simple
  • #38
  • Feb 20, 2012 2:19am Feb 20, 2012 2:19am
Hi Guys ,
I think a n EA for the C/Bbeak is a good idea because though Range bars are great the , one bar can take hours to form and the big movement
suddenly happens in 15 min with a 3 bar shift, usually catching us napping . Also the Asian session seems to have good smooth action at times especially involving AUD. Problem one cant be around 24/7 for manual trading.
Some ideas:
1] CHOP ; Use MACD with 3,30,5 settings and levels +0.15-0.15
[+0.0015, -0.0015 for JPY] lower indicator window as filter. When level is crossed in direction of trade and cloud has been broken , take the trade.
2] Take first 20pip TP on half of lots. 20 pip seems to be high probablity trade
3] Trail second lots on Trail Stop Loss of some type. If this is aggressive then one can get poss big pips.
4] Some exit around the CCI involving Woodies Rules seem solid ie HFE[Hook back from 200 level] . OR a hook/cross back of the CCI[14,30 setting ] where the 14 crosses back over zero and the 30 crosses back below 100 [Two lines both on same CCI Indicator]
If above could be incorporated in EA then it should give profit.
1] There are EA's around which can trail the Stop
2] There is an EA which trades purely the Kijun , Tenkan cross and seems to have some potential if it worked with say some filter indicator.
Can try and fine and post these if there is interest.
My two cents!
  • #39
  • Feb 20, 2012 8:02am Feb 20, 2012 8:02am
hi what pair does this EA work on and what timeframe. thank you
  • #40
  • Feb 20, 2012 8:34am Feb 20, 2012 8:34am
I am trying the 15M chart rather than the range bars used by a few others, and doing testing on EURUSD and AUDUSD. I would think it should work on most pairs.

To learn more about the cloud construction, I linked to www.lifesdream.org and linked again and watched some videos on the components. The key to why this works is the Senkou (forward) extension of the cloud that keeps track of the highs of current bars, such that as price reverses, it re-enters the cloud, and should eventually hit a stop.

It is also the reason all those MA crossovers don't work, because they are looking back and late based on the past movements and get into trades late.
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