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Ichimoku cloud burst ea

  • #121
  • Mar 1, 2012 9:50pm Mar 1, 2012 9:50pm
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?

it keeps searching for a clean candle the moment it spots it fires
  • #122
  • Edited 4:18am Mar 2, 2012 3:14am | Edited 4:18am
Triggered 2 trades since yesterday eur-jpy hit BE+5 and Aud-usd is in a loss atm!

I do like this system very much! I`ll keep testing with you guys!

Cheers


P.s Maybe its a good option to let the stoploss move with the cloud?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpycloud.gif Size: 11 KB
  • #123
  • Mar 2, 2012 6:46am Mar 2, 2012 6:46am
I am watching with great interest the evolution of the trading strategy and the EA. I have been a time bar trader all along, and need background on why you feel the range bars are effectively used with this EA.
While you are working on this part of the project, I am comparing the Ichimoku Cloud on different settings on a couple of the pairs. I have concluded that the slower Cloud, where the values of Tenkan, Kinjun, and Senkou are doubled gets you into trades a little later, but keeps you in for a longer duration and usually a few more pips. It does not take as many trades and seems to have fewer stop outs. Please bear in mind this is being evaluated on time bar candles.
If you have never noticed, be aware that price on most pairs moves in three thrusts, and then consolidates-- on almost any time frame, and often after 3 days of rise/fall then reverses. Using the ADR for the past couple weeks, you can get an idea where these zones are. Most times there will be a double top/ bottom formed. My idea is to determine when a reversal is in place, and capture the significant moves when price moves out of these slower Clouds. The longer trades happen after the reversal from the rise/fall for 3 days is happening. Hope this gives you something to use in your trading.
  • #124
  • Mar 2, 2012 7:27am Mar 2, 2012 7:27am
Unimak & Seller9, are you using the latest version? Is it better?

Greets,

robert
  • #125
  • Mar 2, 2012 7:39am Mar 2, 2012 7:39am
i am testing this on EU ( ichimoku_u1.ex4 ) still have nothing to report will let u revert once it takes the trade. At present i am trying to get the entry right , that is enter on the clean candle post kumo breakout , or max at the opening of the next candle after the clean candle is formed.
  • #126
  • Mar 2, 2012 8:55am Mar 2, 2012 8:55am
This is not my forum but I thought I should bring this to everyones attention who is not aware of it as the use of this script has been mentioned and it can be found on the web.

I believe using this script to generate range bars has been mentioned on this forum and I want to make it clear I do not use it, I am using the "RenkoRangeBarsV1.2R_KG" indicator to create mine.

The situation as regards to this script is that it is copyrighted and has been widely distributed illegally, and used as a vehicle by scammers for their now discredited scheme. Forex Peace Army is working with the s-Constant Range Bar script copyright holder to remove all copies and references and pursue all legal avenues against these guys.

My charts will continue to use the "RenkoRangeBarsV1.2R_KG" indicator, so if you want the same look as mine you will need to use this indicator. The EA also uses information from these bars so using a different range bar generator may vary the results.

If there is a better range bar generator available that is not copywrited that you feel will work better please post it and I can test it and if it does a better job I can change the EA to use it.

Good Luck
  • #127
  • Mar 2, 2012 9:02am Mar 2, 2012 9:02am
Quoting Robst3r
Triggered 2 trades since yesterday eur-jpy hit BE+5 and Aud-usd is in a loss atm!

I do like this system very much! I`ll keep testing with you guys!

Cheers


P.s Maybe its a good option to let the stoploss move with the cloud?
That will be comming, just trying to get the entry where we want it now.

Thanks

Good Luck.
  • #128
  • Mar 2, 2012 9:04am Mar 2, 2012 9:04am
Quoting Denyap
I am watching with great interest the evolution of the trading strategy and the EA. I have been a time bar trader all along, and need background on why you feel the range bars are effectively used with this EA.
While you are working on this part of the project, I am comparing the Ichimoku Cloud on different settings on a couple of the pairs. I have concluded that the slower Cloud, where the values of Tenkan, Kinjun, and Senkou are doubled gets you into trades a little later, but keeps you in for a longer duration and usually a few more pips. It...
Good ideas, can you post some charts?
  • #129
  • Mar 2, 2012 9:07am Mar 2, 2012 9:07am
Here are a couple trades using the version u1 from last night where I just set the TP to 15 pips to get a quick scalp after the break out. I will work on unimak's entry rules over the weekend and get the next version ready.

The first chart of each trade is when the trade took place, the second one of each is after the trade closed.

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  • #130
  • Mar 2, 2012 10:59am Mar 2, 2012 10:59am
Hello Seller9 and others. Thanks for a interesting thread, which I am following.
I would like to confirm that your cloud settings on the pics for GBPUSD are 9,26,52. I have my settings at 9,26,52 and GBPUSD has just broken the top of the cloud, as you can see in the pic below. Yet your pic shows GBPUSD well below the cloud, indeed, you have entered a short trade. Can you confirm your settings?

Thank you.
George

Quoting seller9
Here are a couple trades using the version u1 from last night where I just set the TP to 15 pips to get a quick scalp after the break out. I will work on unimak's entry rules over the weekend and get the next version ready.

The first chart of each trade is when the trade took place, the second one of each is after the trade closed.

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Click to Enlarge Name: IchiEA.jpg Size: 164 KB
  • #131
  • Mar 2, 2012 11:05am Mar 2, 2012 11:05am
Tested ichimoku_u1.ex4 and happy to report that the entry that it is taking is fine, it is taking entry on the very next candle post the clean candle.

so i leave it to seller 9 to decide if we can make the ea take the entry on the clean candle itself as it is forming by predicting whether it will be clean candle.

I am also happy with the initial sl being put , ( so over here the sl moving as per the cloud remains to be done , when it starts moving as per the cloud , it will initially eliminate the 3 pip adjustment and directly take the lower value of the cloud and when the trade continues above 30 pips it will take the upper value of the cloud as SL ) so if we have a winning trade that is worth more that 30 pips sl will be following the cloud value which is near to the price bar and not further from the price bar.

I wait for input from Seller9 to proceed further. As regards range bar, please use anything which comes free and without dispute. As simple as it .
Attached Image (click to enlarge)
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  • #132
  • Mar 2, 2012 11:11am Mar 2, 2012 11:11am
At this point we are only getting our entry SL and TP right for the EA , we are not looking to trade or analyse the profitablility , once we get the the entry SL TP right. Profitability will kick in next.

We are keeping it simple , we get our basics right then we build the castle.



Quoting EasyRyder
Hello Seller9 and others. Thanks for a interesting thread, which I am following.
I would like to confirm that your cloud settings on the pics for GBPUSD are 9,26,52. I have my settings at 9,26,52 and GBPUSD has just broken the top of the cloud, as you can see in the pic below. Yet your pic shows GBPUSD well below the cloud, indeed, you have entered a short trade. Can you confirm your settings?

Thank you.
George
  • #133
  • Edited 5:48pm Mar 2, 2012 1:29pm | Edited 5:48pm
Quoting EasyRyder
Hello Seller9 and others. Thanks for a interesting thread, which I am following.
I would like to confirm that your cloud settings on the pics for GBPUSD are 9,26,52. I have my settings at 9,26,52 and GBPUSD has just broken the top of the cloud, as you can see in the pic below. Yet your pic shows GBPUSD well below the cloud, indeed, you have entered a short trade. Can you confirm your settings?

Thank you.
George
The settings are the same.

If you have time can you open a demo account on FXDD and see if that looks the same as yours or mine. Mine are FXDD demo with range bars created on a M1 chart.

I hope we can all get on the same page so our charts look closer to the same.

EDIT:

Just dawned on me I have the same RangeBars running on 2 different Brokers, they look the same, so scratch that idea.
So I guess will be the next step which will be to attach a package that includes everything so we can all be on the same page (Chart)
  • #134
  • Mar 2, 2012 5:51pm Mar 2, 2012 5:51pm
I have the next version almost ready to go but I am going to test it a couple days first.
It will use the latest suggestions by unimak on getting into a trade.

1) The close inside the cloud and then the close outside the cloud will trigger step #1
2) It will then look for a complete clean closed candle until it finds one, as long as the candles stay closed outside the cloud it will continue to look.
3) If the candle goes back into the cloud before it finds a clean closed candle and closes in the cloud the sequence will start over and it will now wait for a closed candle outside the cloud again.
4) When it finds a clean candle outside the cloud and it is closed it will enter the trade.
  • #135
  • Mar 2, 2012 10:34pm Mar 2, 2012 10:34pm
Quoting seller9
Good ideas, can you post some charts?
Here are a couple chart shots of 3 pairs on 1H time bars, as opposed to range bars.
I did a brief look at the other pairs and it may be that we put a trade on when price breaks the cloud, get the 10 pip(?) s/l to break even ASAP, and let the thing run. After you get x pips profit, the trailing stop becomes the Span A value. The GBP and the CHF become 'spikey' early and the retracements are significant. 50 pips and more.

In the case of the CHF, the move shown was 344 pips,and with the double bottom W, we'd have closed the trade, before price went back into the cloud for just 238 pips rather than the 330 at the double bottom. Otherwise we'd have made about 440 pips for the 2 months with jump stops that we looked at previously.

The GBP faired better and we'd have garnered about 725 pips with the jump stops during the first 2 months of the year.

The amazing one was the EUR which looks like a grab of 1400+ pips on the 1 hour, and this was because there were decent sized moves in early January and end of February. The slower Cloud just keeps trades going longer, but the retracements that stop trades on lower TF, just keep going if we can stomach the more significant retracements. 2500 pips for 3 pairs for 2 months is something I pay attention to. I wish I could easily show you more detail. These Ichi settings are 18, 52, 104 for the slower Cloud.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 1-31 1h.jpg Size: 209 KB
Click to Enlarge Name: gbp 2-28 1h.jpg Size: 145 KB
Click to Enlarge Name: chf 1-30 1h.jpg Size: 135 KB
  • #136
  • Mar 3, 2012 7:06am Mar 3, 2012 7:06am
Quoting seller9
This is not my forum but I thought I should bring this to everyones attention who is not aware of it as the use of this script has been mentioned and it can be found on the web.

I believe using this script to generate range bars has been mentioned on this forum and I want to make it clear I do not use it, I am using the "RenkoRangeBarsV1.2R_KG" indicator to create mine.

[color=red][b]The situation as regards to this script is that it is copyrighted and has been widely distributed illegally, and used as a vehicle by scammers for their now discredited...
Hi Seller9;


I have a question;
I have a buying indicator, RangeBarChart_V103a (good and not too expensive) to generate the range bars in offline. My question is if I can use for your Expert or only your RenkoRangeBarsV1.2R_KG ?.

Sorry for my bad English !

Thanks
  • #137
  • Mar 3, 2012 9:56am Mar 3, 2012 9:56am
The EA that seller9 is writing runs on the rangebar offline chart that is generated with any RangeBar EA, runnuing on the1m chart. You can generate the offline rangebar chart any way you want to. I also use RangeBarChart, but I am using v103c. You can upgrade your version 103a, at no cost, by going to the download link that ForexSystems provided to you when you purchased RangeBarChart_v103a. There are improvements and new features in v103c.

Quoting chaveznqoos
Hi Seller9;


I have a question;
I have a buying indicator, RangeBarChart_V103a (good and not too expensive) to generate the range bars in offline. My question is if I can use for your Expert or only your RenkoRangeBarsV1.2R_KG ?.

Sorry for my bad English !

Thanks
  • #138
  • Mar 3, 2012 10:27am Mar 3, 2012 10:27am
Quoting Denyap
Here are a couple chart shots of 3 pairs on 1H time bars, as opposed to range bars.
I did a brief look at the other pairs and it may be that we put a trade on when price breaks the cloud, get the 10 pip(?) s/l to break even ASAP, and let the thing run. After you get x pips profit, the trailing stop becomes the Span A value. The GBP and the CHF become 'spikey' early and the retracements are significant. 50 pips and more.

In the case of the CHF, the move shown was 344 pips,and with the double bottom W, we'd have closed the trade, before price went...
The charts I posted last night were too small I was told and missed the GBP, so I try again. I am amazed that price can stay out of the cloud so long on the longer runs. These are posted to show you there are significant pips to be had on the longer time frames also. You can be in profit, but see DDs. Stay in trades until patterns emrge to tell you to get out, or until price re-touches the Cloud.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur 1-31 1h.jpg Size: 209 KB
Click to Enlarge Name: gbp 1- 7 1h.jpg Size: 138 KB
Click to Enlarge Name: chf 1-30 1h.jpg Size: 142 KB
  • #139
  • Mar 3, 2012 11:16am Mar 3, 2012 11:16am
Quoting chaveznqoos
Hi Seller9;


I have a question;
I have a buying indicator, RangeBarChart_V103a (good and not too expensive) to generate the range bars in offline. My question is if I can use for your Expert or only your RenkoRangeBarsV1.2R_KG ?.

Sorry for my bad English !

Thanks
At this time the EA uses the rangebar results on the offline chart that used the RenkoRangeBarsV1.2R_KG indicator to draw. It does not look at or call the indicator by name. So if your indicator gives the same results it should work. Do an offline chart using each indicator and then compare the Open, Close, High, and Low prices in the "Data Window", if they are the same it should work because the EA is using these "Data Window" values. Be sure to check these values on several different candles.

Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 322 KB
  • #140
  • Mar 3, 2012 11:33am Mar 3, 2012 11:33am
I have added as an option in the next version your idea of trying to pick a clean candle by the amount of movement it has already gone. This will give you the option to select what per cent of the range bar you want to declare a clean candle once this value is reached. So if you are using 15 pip range bars and set this setting to 0.5 (50%), when the PA moves 7 pips in the right direction it will open a trade, this would be on any candle after the one that closed outside the cloud.

I was looking through some charts and I don't know how well this will work as I see some wicks that are almost 15 pips long on 15 pip range bars that would have triggered a trade with this setting and maybe should not have. But this will be part of the testing.
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