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Ichimoku cloud burst ea

  • #41
  • Feb 22, 2012 9:28am Feb 22, 2012 9:28am
Quoting sigwa
hi what pair does this EA work on and what timeframe. thank you
Rangebars don't show time but rather the number of pip movement, so in this case we are using 15 pip range bars so no new rangebar is drawn until one completes 15 pips. I run a script as an EA on a plain M1 chart of each pair to create the offline chart that is than used with the EA. You could run it on a regular chart but the rangebar chart helps to filter out some of the noise. To get a rough idea of the number of pips to use in a rangebar for a certain time perio look at the ATR.

M5 = ~ 15pips
H4 = ~ 50 pips

It varies some from pair to pair but these are just starting points.

I am still testing and making changes to the EA and this takes time as I don't want to put out something that is just going to create a lot of questions and is not working properly. I only forward test in the real world so it does take some time.
  • #42
  • Feb 22, 2012 10:31am Feb 22, 2012 10:31am
Can you please post some real trades taken with your method and what you were looking at for a good entry.

Thanks
  • #43
  • Feb 22, 2012 12:54pm Feb 22, 2012 12:54pm
Happy to post a few pictures of charts when to enter trades. I also gave some ideas of the recommended parameter document I have attached. I look forward to your input on the TP's.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 1-14 5m.jpg Size: 184 KB
Click to Enlarge Name: eur 1-16 5m.jpg Size: 163 KB
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Attached File(s)
File Type: doc Booker Ichimoku parameters.doc   26 KB | 1,259 downloads
  • #44
  • Feb 22, 2012 4:41pm Feb 22, 2012 4:41pm
Here is a test I have running with the ichimoku Kumo Break out logic attached to my etb EA. This was the first logic I was using to trigger a trade, I have changed it a little since then to get in earlier. In this case I had a TP target of half the initial lot setting initial purchase .02 lots and at first TP sell .01 lot, and then it jumped to BE for the remainder .01 lot
, where it is at now. So I had a nice profit on the first half and now just waiting to see what will happen with the remainder.

You can also see that since it is in a Buy trade that it is now waiting for the next Sell trade after this one closes, so it will alternate back and forth.

The second screen shot is the actual stripped down ichimoku Break Out EA where it is waiting for a Sel signal since it is Long at this time. Just started this new setup today so don't have any trades with it yet. Maybe after some activity tonight maybe a trade will pop up.

Attached Image (click to enlarge)
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  • #45
  • Feb 22, 2012 7:06pm Feb 22, 2012 7:06pm
Please find the screen shot of a perfect entry attached I have given comments in the attachment for easy reference.
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  • #46
  • Feb 23, 2012 6:40am Feb 23, 2012 6:40am
I see I screwed up the last screenshot. Here is the updated version. Nice breakout, as anticipated. I was sleeping. Now, if we had an EA to capture the move......
Attached Image (click to enlarge)
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  • #47
  • Feb 23, 2012 7:25am Feb 23, 2012 7:25am
Take a look at the following Basic Settings of the EA and see what can be done to filter this type of trade. Since PA was previously below the cloud the EA was looking for a Buy. It took a Buy and then got stopped out so was then looking for a Sell as the previous trade was a Buy. It then took a Sell.

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  • #48
  • Feb 23, 2012 8:01am Feb 23, 2012 8:01am
Here is a trade that just kicked off with the same requirements as the previous one.

Opinions on this????

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  • #49
  • Feb 23, 2012 8:48am Feb 23, 2012 8:48am
Quoting seller9
Here is a trade that just kicked off with the same requirements as the previous one.

Opinions on this????
Might be an idea to look at Forexhard's breakout thread and use his concept of 2 complete closed candles outside the zone/cloud as a buffer.
The dream will never die
  • #50
  • Feb 23, 2012 9:13am Feb 23, 2012 9:13am
Quoting Brotyboy
Might be an idea to look at Forexhard's breakout thread and use his concept of 2 complete closed candles outside the zone/cloud as a buffer.
Thats easy enough to try, will look through some charts and see if it might help.
  • #51
  • Feb 23, 2012 7:17pm Feb 23, 2012 7:17pm
Quoting seller9
Take a look at the following Basic Settings of the EA and see what can be done to filter this type of trade. Since PA was previously below the cloud the EA was looking for a Buy. It took a Buy and then got stopped out so was then looking for a Sell as the previous trade was a Buy. It then took a Sell.

Attachment
Seller9 you are on the right track, yes once a buy trade is thru then we will have the sell trade and we alternate that way , at this point we are not looking at reentry trade and confuse ourselves.

As regards the buy getting stopped out is also correct as the buy entry is wrong , it should be a clean candle no touching of the yellow band, in your entry it is clear that the price is touching the yellow band. this is very critical point in entry rule

As regards sell entry after it gets stopped out yes the sell should should be fired as i see the candle is clean and not touching the yellow band .

so ideally a sell should be fired. if the EA takes correct entry and puts the sl correctly and keeps moving the sl as the cloud value changes and follows the TP rules I think the EA is thru , rest of the fine tuning need to be done post some testing.
  • #52
  • Feb 23, 2012 7:18pm Feb 23, 2012 7:18pm
Quoting seller9
Here is a trade that just kicked off with the same requirements as the previous one.

Opinions on this????

Attachment
Looks to be a correct buy entry as i think from the pic the candle is not touching the yellow band, i mean the entry candle where the EA fired a buy
  • #53
  • Feb 23, 2012 7:29pm Feb 23, 2012 7:29pm
Quoting seller9
Take a look at the following Basic Settings of the EA and see what can be done to filter this type of trade. Since PA was previously below the cloud the EA was looking for a Buy. It took a Buy and then got stopped out so was then looking for a Sell as the previous trade was a Buy. It then took a Sell.

Attachment
The 3 pip adjustment is for the SL not for the entry , i see in your pic you have mentioned 3 pip for entry that is wrong , for sl the stop value has to be arrived from the bottom value of the cloud minus 3 pips for buy entry .

This one got stopped out becoz the entry is wrong and it is not on a clean candle, all the candles touch the cloud so basically it is not a buy . sell is correct
  • #54
  • Feb 24, 2012 5:15am Feb 24, 2012 5:15am
Remembering that I am going in a slightly different direction from Unimak, by using 5M candles. Also per my previous posts, the idea supplied takes long trades over dark clouds, and shorts under light clouds. In many cases, there is considerable movement against the cloud trend.
The Ichimoku EA needs to account for what Booker would call a 'wrong way (no) trade' when we are in the straightaway mode of the pattern. What I mean by this is, After consolidation forming an M or W (visible on 1 H TF), you often get 3 days of rise and fall with minor consolidations each day. We want to get the move after these minor pit stops-- happening daily.

Seller 9 was looking for 40 pips initial TP, but I see opportunities at 25-30, that might otherwise be losing trades if you try to go for more. Again, this is using TF candles rather than range candles. Here is a chart update.
Attached Image (click to enlarge)
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  • #55
  • Feb 24, 2012 6:54am Feb 24, 2012 6:54am
Quoting unimak
The 3 pip adjustment is for the SL not for the entry , i see in your pic you have mentioned 3 pip for entry that is wrong , for sl the stop value has to be arrived from the bottom value of the cloud minus 3 pips for buy entry .

This one got stopped out becoz the entry is wrong and it is not on a clean candle, all the candles touch the cloud so basically it is not a buy . sell is correct
The 3 pips is being used on the SL but I have also included an offset on the entry to make sure the present candle is trading above the previous candle close before making the trade, this is just in case the candle starts to go against you after it opens, gives you a little bit of a buffer.
  • #56
  • Feb 24, 2012 7:08am Feb 24, 2012 7:08am
Quoting Denyap
Remembering that I am going in a slightly different direction from Unimak, by using 5M candles. Also per my previous posts, the idea supplied takes long trades over dark clouds, and shorts under light clouds. In many cases, there is considerable movement against the cloud trend.
The Ichimoku EA needs to account for what Booker would call a 'wrong way (no) trade' when we are in the straightaway mode of the pattern. What I mean by this is, After consolidation forming an M or W (visible on 1 H TF), you often get 3 days of rise and fall with minor consolidations...
Yes these are some things that will need to be addressed as we move along. The BE and JS are adjustable and the there will also probably be a setting so you will be able to take profit at various pip advances, I am experimenting with this at the present time on another EA on the Experts Tool Box forum and it is working real good so far with one preset TP point, I may add another so there would be 2 and then after that the BE/JS would trail and also eventually there will be an exit if something like a reversal is starting.
  • #57
  • Edited 8:21am Feb 24, 2012 7:16am | Edited 8:21am
Here is a trade that kicked off last night and is still open. I changed the code a little on this one to be a little more conservative to catch just the best trades and stay out of the noise by the cloud. I may try shifting the entry one candle closer to the cloud or maybe add it as an option so the user can determine how conservative he wants to be. The JS can also be narrowed down to bring the trailing stop closer to the PA, these are all settable by the user. These settings did stop you from getting stopped out in that consolidation area though.

Edit ; Notice in this screen shot I am using the Synergy APB Candles as they give me a better sence of direction rather than having the candles all green when above the cloud or all red when below the cloud.

Attached Image (click to enlarge)
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  • #58
  • Feb 24, 2012 7:49am Feb 24, 2012 7:49am
with this ichimoku setting you can get big moves and capture it too like the one that is going in eusd since the last 24 hrs.
  • #59
  • Feb 24, 2012 8:03am Feb 24, 2012 8:03am
Quoting unimak
with this ichimoku setting you can get big moves and capture it too like the one that is going in eusd since the last 24 hrs.
Yes, thats for sure, I didn't have it going yet so missed that one. It did have a big pull back though, what are your thoughts on that? Just exit?
  • #60
  • Feb 24, 2012 8:21am Feb 24, 2012 8:21am
Massive EUSD Rally , as you can see from the image that the price started buy entry and then still after 24 hrs it is running . If the EA taken the entry correctly and moved the SL as the cloud values moved , it would still be in the trade and with the option to close the trade when a trade fires in reverse in this case a sell it would have locked maximum gains , a normal trader would have long exited or must have missed the rally, this is where the EA comes into play and makes life easy
Attached Image (click to enlarge)
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