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Ichimoku cloud burst ea

  • #101
  • Feb 29, 2012 11:23am Feb 29, 2012 11:23am
Quoting unimak
seller 9 the ea is taking entry one to 2 candle late after the breakout , kindly look into it .
See below.

Attached Image (click to enlarge)
Click to Enlarge Name: Kumo_BO.jpg Size: 383 KB
  • #102
  • Feb 29, 2012 11:35am Feb 29, 2012 11:35am
Quoting reachjj
Hi,

can somebody point me the place where I can get the latest indicators and the EA for this.

Thanks
Here is what I am using, unimak's may be different.
I create an offline M2 chart using a plain M1 chart of the pair and running the script on it as an EA (put script in experts folder), you can also run it as a scrpt if you want to. Make sure you have a lot of history on your M1 chart. I am using 15 pip bars at this time.
Open this off line chart and apply the ichimoku_m1 template.

Set up the EA as previously explained in previous post.

Attached File(s)
File Type: zip Kumo_BO_EA.zip   67 KB | 1,773 downloads
  • #103
  • Feb 29, 2012 11:49am Feb 29, 2012 11:49am
Quoting seller9
See below.

Attachment
now i see where the problem is, the identification of the first clean candle without touching the cloud is perfect .

if possible the EA should be made to take the trade on this clean candle, if it is not possible then immediately on the next candle.

no need of all these 3 pip offset and whether price action is breaking previous high etc

the only place where the 3 pip user defined logic is fitted is in the SL area and the SL should move as the trade progresses along with the cloud value, which is not moving at present .

As regards TP BE and JS i am bit confused, however I shall give my inputs after a few more testing.
  • #104
  • Feb 29, 2012 11:50am Feb 29, 2012 11:50am
Quoting seller9
Here is what I am using, unimak's may be different.
I create an offline M2 chart using a plain M1 chart of the pair and running the script on it as an EA (put script in experts folder), you can also run it as a scrpt if you want to. Make sure you have a lot of history on your M1 chart. I am using 15 pip bars at this time.
Open this off line chart and apply the ichimoku_m1 template.

Set up the EA as previously explained in previous post.

Attachment
whatever Seller9 has explained here stands, I am also using the same settings. we shall fine tune settings later not now
  • #105
  • Feb 29, 2012 12:39pm Feb 29, 2012 12:39pm
Quoting unimak
now i see where the problem is, the identification of the first clean candle without touching the cloud is perfect .

if possible the EA should be made to take the trade on this clean candle, if it is not possible then immediately on the next candle.

no need of all these 3 pip offset and whether price action is breaking previous high etc

the only place where the 3 pip user defined logic is fitted is in the SL area and the SL should move as the trade progresses along with the cloud value, which is not moving at present .

As regards TP BE...
OK, sounds good. I can eliminate the breaking previous high or maybe I will just add it as a option. The candle does have to be closed before we know if it is clean or not, so by removing the breaking previous high it will take the trade at the open of the new candle after the clean candle.

I suppose to even get more adventureous, as long as the candle is Green and the low is above the cloud we could take the trade and hope it doesn't reverse, that could be something to look at also, will go through some charts and see if that may be a way to go also, it would get you in on the first candle break of the cloud but would add some risk. Maybe even make it so the candle has to be at least half completed before this takes affect. Just something to try.

The stop loss is not moving at this time, not until the BE/JS kicks in and takes over. That needs to be added yet.

What are you using to create your RangeBars, mine seem to vary in size with the script I am using?

Below is an example of how the breaking of the previous high affected a trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Kumo_BO.jpg Size: 330 KB
  • #106
  • Feb 29, 2012 1:09pm Feb 29, 2012 1:09pm
I have added the option to set the break above previous candle to anything you want, the default is zero so it would take the trade at the open of the new candle after a clean closed candle with this setting.

Try this

Attached File(s)
File Type: ex4 ichimoku.ex4   37 KB | 839 downloads
  • #107
  • Feb 29, 2012 3:17pm Feb 29, 2012 3:17pm
Just thought I would post this in case there are any questions on how the Break Even / Jumping Stop Loss work.

1) The BE/JS does not start working until the trade goes into profit, it must show some profit before these even start looking for a setup. Up until that point the Stop Loss below the cloud for a Buy is your only saving stop loss from a bad trade.

2) Once you show some profit the BE/JS will then start watching the trade. With the following settings once you reach 10 pips of profit the SL will be moved to BE. It will stay there forever unless you change it.

IchiBreakEvenPips=10;
IchiBreakEvenProfit=0;
IchiJumpingStopPips=0;

3) With the following settings once you reach 15 pips of profit the SL will be moved to BE + 5 pips. It will stay there forever unless you change it.

IchiBreakEvenPips=10;
IchiBreakEvenProfit=5;
IchiJumpingStopPips=0;

4) With the following settings once you reach 15 pips of profit the SL will be moved to BE + 5 pips. Also everytime the profit increases another 5 pips the SL will move up 5 pips (for a Buy trade). This will act like a trailing stop but will jump only 5 pips at a time. You can set the IchiJumpingStopPips to something else if you like, if you set it to zero it will disable the JS like in the first two examples.

IchiBreakEvenPips=10;
IchiBreakEvenProfit=5;
IchiJumpingStopPips=5;
  • #108
  • Feb 29, 2012 6:54pm Feb 29, 2012 6:54pm
Don’t know if I’m doing this right to create a range chart:
I downloaded the zip file, placed the rangescript1 in both the experts folder and experts folder/scripts. Opened a 1-minute chart and loaded the plain m1 template on it, then executed rangebarscript1 (from scripts folder) to the chart. Went to file, opened EURUSD M3 (there was no M2). Also tried the rangescript EA (changing 25pips to 15pips) from experts folder.

Then loaded the ichimoku_ea_m1 template on it. I have a chart with only about 50 rangebars. Most likely because we’re in Asian session at the moment.
You say “Make sure you have a lot of history on your M1 chart.” Does this mean one waits several hours or a day or more for the range chart to fill up or does the script allow you to adjust adding for more history? Thanks for all you do.

Quoting seller9
Here is what I am using, unimak's may be different.
I create an offline M2 chart using a plain M1 chart of the pair and running the script on it as an EA (put script in experts folder), you can also run it as a scrpt if you want to. Make sure you have a lot of history on your M1 chart. I am using 15 pip bars at this time.
Open this off line chart and apply the ichimoku_m1 template.

Set up the EA as previously explained in previous post.

Attachment
  • #109
  • Feb 29, 2012 9:23pm Feb 29, 2012 9:23pm
The candle does have to be closed before we know if it is clean or not, so by removing the breaking previous high it will take the trade at the open of the new candle after the clean candle.

>>> cool that is fine in line with the human eye , we also get to know that the candle is clean only after it closes and it is safe way to trade. This option will do .

I suppose to even get more adventureous, as long as the candle is Green and the low is above the cloud we could take the trade and hope it doesn't reverse, that could be something to look at also, will go through some charts and see if that may be a way to go also, it would get you in on the first candle break of the cloud but would add some risk. Maybe even make it so the candle has to be at least half completed before this takes affect. Just something to try.
>>>>>>>>>>>>>
No need to explore this option maybe we may take a early entry and gain 3 pips more but might end up hitting sl and loosing 20 pips in the bargain
>>>>>>>>>>>>>>>>>>>

The stop loss is not moving at this time, not until the BE/JS kicks in and takes over. That needs to be added yet.

>> ok

What are you using to create your RangeBars, mine seem to vary in size with the script I am using?

>>> the normal s-constant rangebar script , easily available .

Below is an example of how the breaking of the previous high affected a trade.

Attachment [/quote]

ok i understand your point that the price can retreat back to cloud, but i am 100 % sure that if you take a entry on a clean candle and it is coming from sell to buy it will not hit the sl and instead fire up for atleast 10 pips . so we can ignore it and cooly take it on the first break.
  • #110
  • Edited 9:33pm Feb 29, 2012 9:32pm | Edited 9:33pm
4) With the following settings once you reach 15 pips of profit the SL will be moved to BE + 5 pips. Also everytime the profit increases another 5 pips the SL will move up 5 pips (for a Buy trade). This will act like a trailing stop but will jump only 5 pips at a time. You can set the IchiJumpingStopPips to something else if you like, if you set it to zero it will disable the JS like in the first two examples.

IchiBreakEvenPips=10;
IchiBreakEvenProfit=5;
IchiJumpingStopPips=5;[/quote]

>>>>>>>>>>>>>>>>>>>>
with the above options if i put the TP value as say 15 pips what will happen as the trade progress ??
  • #111
  • Feb 29, 2012 11:44pm Feb 29, 2012 11:44pm
EA not firing inspite of clean candle on breakout on the opening of the next candle, am i missing some thing ??
Attached Image (click to enlarge)
Click to Enlarge Name: not firing EA.jpg Size: 184 KB
  • #112
  • Mar 1, 2012 1:03am Mar 1, 2012 1:03am
Quoting unimak
4) With the following settings once you reach 15 pips of profit the SL will be moved to BE + 5 pips. Also everytime the profit increases another 5 pips the SL will move up 5 pips (for a Buy trade). This will act like a trailing stop but will jump only 5 pips at a time. You can set the IchiJumpingStopPips to something else if you like, if you set it to zero it will disable the JS like in the first two examples.

IchiBreakEvenPips=10;
IchiBreakEvenProfit=5;
IchiJumpingStopPips=5;
>>>>>>>>>>>>>>>>>>>>
with the above options if i put the TP value as say 15 pips what will happen as the trade progress ??[/quote]

The TP setting over rides everything else, so if it hits this TP point the trade will close.
  • #113
  • Mar 1, 2012 1:16am Mar 1, 2012 1:16am
Quoting unimak
EA not firing inspite of clean candle on breakout on the opening of the next candle, am i missing some thing ??
It doesn't meet the following conditions as the candles are retreating, if you want just a break with clean candle I can add that, but you may get a lot of false triggers.


if(close3<kt3 && close2>kt2 && close1>close2 && close1>open1 && close2>open2 && low1>kt1 && Bid > (CandleBrkPipOffset*Point + high1)

Why the big differnce in charts? Below is my 15 pip range bar chart of the same pair and it looks nothing like yours. Its hard to create an EA if I can't match the chart you are using to test it.


Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 82 KB
  • #114
  • Mar 1, 2012 1:44am Mar 1, 2012 1:44am
[quote=seller9;5432973]It doesn't meet the following conditions as the candles are retreating, if you want just a break with clean candle I can add that, but you may get a lot of false triggers.

>>>>> i think that need to be added


if(close3<kt3 && close2>kt2 && close1>close2 && close1>open1 && close2>open2 && low1>kt1 && Bid > (CandleBrkPipOffset*Point + high1)

>>>> ea is not firing sell also although all conditions met , as per your chart it is a sell and ea is not firing shorts.
  • #115
  • Mar 1, 2012 1:47am Mar 1, 2012 1:47am
as regards chart , i am using various range bars just to make the EA take the trade, so that i can see what it does .
  • #116
  • Edited 6:35am Mar 1, 2012 6:03am | Edited 6:35am
Maybe unimak is using a different rangebar script? I use s-constantrange bars, but it`s not alowed to post this script on this forum! So if you want it you can pm me

Then i have a question! My frames freezes, what do you guys do about that?

My chart also looks differend
Attached Image (click to enlarge)
Click to Enlarge Name: rangebar.gif Size: 15 KB
  • #117
  • Mar 1, 2012 6:48am Mar 1, 2012 6:48am
seller 9 please make the ea fire on the clean candle , if that is not possible then immediately on the next candle. let this be a separate version . so that we do not mix up
  • #118
  • Mar 1, 2012 11:42am Mar 1, 2012 11:42am
Quoting unimak
seller 9 please make the ea fire on the clean candle , if that is not possible then immediately on the next candle. let this be a separate version . so that we do not mix up
No problem, can do.

How far from the cloud break do you want the EA to look for a clean candle?

Buy

candle3 close in cloud below top of cloud.
candle2 close above cloud top.
candle1 is clean candle
trade will open on open of next candle

so if candle1 isn't a clean candle no trade will take place even if the next one is, or do you want a window of more than one candles to look for the clean candle after the break of the cloud?
  • #119
  • Mar 1, 2012 12:31pm Mar 1, 2012 12:31pm
Give this a try, it is setup as explained in previous post, just a three candle setup.

Attached File(s)
File Type: ex4 ichimoku_u1.ex4   34 KB | 829 downloads
  • #120
  • Mar 1, 2012 9:43pm Mar 1, 2012 9:43pm
Quoting seller9
No problem, can do.

How far from the cloud break do you want the EA to look for a clean candle?

Buy

candle3 close in cloud below top of cloud.
candle2 close above cloud top.
candle1 is clean candle
trade will open on open of next candle

so if candle1 isn't a clean candle no trade will take place even if the next one is, or do you want a window of more than one candles to look for the clean candle after the break of the cloud?

slightly confused, let us imagine a scenario for making things simple, we are in a massive sell then the candles turn silver by entering the cloud , then we have the candle turning green but it is touching the cloud , next candle closes and it is clean , we enter the trade .

( if we can determine the candle to be a clean candle then we enter in that candle, if it is not possible to determine till the candle closes then we enter in the next candle )

agreed that the candle post the clean one can dip into the cloud , but that is for the sl to handle .

one possible way we can determine the candle to be clean when it is building it is by measuring the distance from the cloud . suppose we have 15 pip range bar then if we see that we are at least 16 pip away from the cloud then the best of low will not touch the cloud so automatically it is a clean candle and we can fire on that candle as it is being formed.

normally i see 2 scenarios , when the momentum is strong , it just breaks the cloud and goes off, this is scenario 1

when the momentum is strong but with less pressure, it breaks the cloud then takes a dip to the cloud and then fires off , in the second one it just goes off . when it dips into the cloud the sl being placed below the cloud minus 3 pips generally does not trigger , however very rare some times it will trigger and we take that sl . loss will be around 15 pips . but the gains far outnumber the rare sl . Here you will see that our TDI plays a good part , when in scenario 1 you will see the TDI pretty strong , and in scenario 2 the TDI dips to market trend line ( the yellow bar in TDI ) and then fires up .

We are not using TDI here but for understanding purpose as to how things work we just see it.
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