Ichimoku cloud burst ea

please note that the sl will never leave the cloud but it will follow the cloud value, initial that we set as bottom cloud value minus 3 will change to top value of the cloud in case of buy as the price moves away from cloud from then on the sl job is to keep the value changing as and when the cloud value changes . it will never leave the cloud and enter into the price action area or candle area.

whatever happens in the candle area that is to be taken care by the TP or the trail sl or jumping SL . ( this portion i think is already built in earlier )

please note this.

Perferct,

Thanks a lot for your efforts, though i am at work so would try it once I am home.

I am sure it should work now.

So are you saying you want a fixed "Broker" stop loss to follow the top of the cloud once in a trade and a "Hidden" one to trail? Only one or the other can be visable to the Broker.

Right now I am just testing the BE/JS stop loss, I will have an example of an open trade in a few minutes.

Screen shot when trade was opened.



Screen shot of present trade, you can see where the BE/JS moved the SL to BE + 5 pips and then has taken 2 jumps of 5 pips each, so we have 15 pips of profit locked in so far.

ok got little confused , now i got the point that we are not using the TP portion and it is left blank, i was thinking that this BE/JS/ setting will be managing the TP .

ok in that case i will just tell my mind and you decide the best course.

we have 3 components here , entry , sl and TP .

entry at clean candle >>>> taken care of by this version .

SL >> the idea of SL is that it will not move out of the cloud and will follow the cloud value , this is the basic job of SL . ( broker SL hidden SL not known to me but you are the best judge to handle the broker part based on past experience of TMS). so initially the sl is set at 3 pips ( user defined ) less the bottom cloud value in case of a buy trade ( this is done ) now when the price bar moves away say 10 pips from the top value of the cloud , we just move the sl to the top value of the cloud from then on the sell will follow the top value of the cloud . ( This idea is to be used for the trade strategy that exit on opposite signal ) even otherwise the sl will not move out of the cloud.

so basically it will follow the value of the top of the cloud in case of a buy trade and it will keep adjusting its value as and when the cloud value of the top changes.

Now we come to the portion where we book profits ..

here i had thought that we will use the TP portion , since we are not doing so and we are using the trail method of BE/JS . is it possible to have 2 SL

the first SL will not leave the cloud , the second one will keep trail as per the method mentioned in the BE/JS .

suppose a trader puts a TP value in the EA in that case the EA should close the Trade on hitting the TP irrespective of what the value of SL or BE/JS are.

hope I am clear

once this EA stabilises we move to trading strategies,

Strategy 1 - exit on opposite signal ( here the sl which keeps adjusting with cloud value comes into play as we will not have any BE/JS or Trail SL , this strategy will catch big moves and hit some minor losses )

Strategy 2 - exit via Trail method, which we are presently doing via the BE/JS method.

The above 2 are for normal traders

Scalp Strategy

here once the price move one candle away from the cloud we move the sl from the bottom cloud value minus 3 pips ( user defined) to top of the cloud value.

and keep the trail and start the BE/JS after say 10 pips . this way we will not hit loss and mostly it will be profits or break even .

once the EA stablises we will be moving to settings and see how it simply rakes profits , settings will vary for each currency pair .

OK, I think we are thinking in the same direction.

Buy Trade:
1) Initial SL at bottom of cloud -3 pips
2) When PA moves a set number of pips above cloud the SL will move to top of cloud and follow it (This is the one the Broker will be sent so it will be visable to him and your safety net if you lose network connection.
3) There will also be a "Hidden" BE/JS that will act just like the one shown in previous post but it will not be visable to the Broker, your computer will take care of this "Hidden" BE/JS, but you must stay connected for it to work. This is a trailing SL and the settings can be set by user.
4) There will also be a fixed TP that will be sent to the Broker with the trade if you want. If you leave it set to zero no TP will be sent and the BE/JS will determine when you exit the trade. If you set it to say 20 pips, if that is hit the trade will close.

This will look very similar to the previous post other than the BE/JS you see on that chart (which the Broker can now see) will be hidden from the Broker and he will only be seeing a SL at the top of the cloud once into the trade.

So the computer needs to be on all the time, if your computer does go off line, when brought back up it should take over the trade and if you are in profit the BE/JS settings and others should start working again, but best to stay on line.

cool , let us move ahead ...

Running test on three versions starting now, a new piece added to each one, will see which one breaks first. 12 charts each version.

The one on the right is the trade mentioned above and is still open.

Left to right

u4 , u3 , u2



Rather quiet right now so cpus are coasting, sucking up most of my memory though.

good, on an avg it should lock 25 -30 pips depending on a the currency , and some 80 pips -100 pips when the big trade kicks in .

Loss if at all happens will be restricted to 10 -15 pips , but there will be no overall loss if the ea runs and takes all the trades suggested.

which means when you see at the end of the day your net will always be on the plus side rather than on the negative side.

This results have been achieved without any fine tuning of the settings.

Hi, Can this system be run manualy with ordinary candles ?

Hi!

I've been lurking in the forums for a while now, and registered just to say thank you for this great system! I manually testing it in a demo account and it looks good. I'm really looking forward for the finished ea

One thing I've noticed: There are some brokers who doesn't allow you to give stop loss or take profit orders, if they're closer to the market price than x pips (in my case x=10). You're making the stop loss following the cloud automatically, but if you try to make this happen with those brokers, it will give errors if the cloud is closer to the price than "x" (or if initially when opening the position, and the opening price is so close to the cloud's other side). Can you add an option to turn off this moving stop loss? Or can you add a parameter, that sets the stop loss order's distance at least equal to that (it would be like some kind of minimal stop loss distance)?
The "hidden" - jumping - stop loss would work, because you don't give stop loss order with that, only trigger a sale if the price reach that limit (if I understand correctly).

Hi,

congratulations on the EA. It looks very promising. I am testing it on a demo account and it is doing very well.
My question is this, I wanted to test it on a live account but every time it tries to open a trade, it returns an error [trade is not disabled].. Is it supposed to return this error or is it my broker fault?

Thank you and greetings from Portugal.

Sorry about this, I solved the problem (broker had my account with a variable spread when I asked for a fixed one)..

can but then the results will not be very good, since we have gone thru all these cycles of learning , we are using the best technique to hit the bulls eye with great accuracy , it is your choice.

I have done a lot of screen time today working on the next version and getting things to work the way I think they should. Week is getting short so not much time left this week to test my latest fat fingured fixes, so may be closer to the end of next week before the next version comes out.

This is how it will work: (Buy Trade example)

1) Trade is opened in direction of cloud break out (or you can set manually which way you want to look for the next trade) if you leave it in the auto mode it will trade in the direction of the cloud break out after finding a clean candle. Other wise if a direction is picked to start from it will toggle between Buy and Sell as the trades are opened and closed. The sequence starts with a closed candle inside the cloud, then when a candle closes outside the cloud it will start looking for a clean candle. You can have it wait for a clean closed candle or you can set it so once the Bid is the value of your range bars pips above the cloud it will open a trade before waiting for the candle to close. Your taking a chance this way but it may get you a few more pips or may be good for scalping. If the PA goes back into the cloud and closes inside the cloud before a clean candle is found the sequence resets and starts over again and now you need to close outside the cloud again before it will start looking for a clean candle again. Close inside / close outside starts the look for clean candle.
2) Once it finds a clean candle a trade is placed with the "Broker" sent stop loss at the bottom of the cloud (Buy Trade)
3) Once the Bid + RangeBar PIPs greater than the top of the cloud (Buy Trade) the "Broker" stop loss will be moved to the top of the cloud. The "Broker" stop loss from here on will now follow the top of the cloud as it moves up or down.

Question for unimak:
Do you want this cloud stop loss to move both up and down or I can make it so it never goes any lower but moves up only (Buy trade)? Right now it follows the top of the cloud (Buy trade), up or down as it moves.

4) Once a trade is in place the BE/JS takes over, this stop loss is
"Hidden" from the Broker and is only seen by your computer, so it should be left on. This Hidden stop loss will then adjust to what ever settings you have in place for it. This stop loss must be hidden or it will compete with Broker stop loss at the cloud already sent to the Broker, they would just keep changing back and forth. The BE/JS would advance the stop Loss up and the Cloud stop loss would bring it back down to the cloud, this would drive your Broker crazy.
5) There is also a fixed Take Profit target you can set that is sent to the Broker if you want to, leave it at zero and none will be sent and the Cloud Stop Loss or BE/JS will determine your exit, or what ever we add for exit in future releases.

Below are some screen shots of a open trades, the red line is the Broker sent stop loss and the yellow line is the hidden computer stop loss. In 2 of these examples the yellow line (Hidden stop loss) is not in the right place as I had stopped and restarted the EA as I did fixes to the code, so right now it is based on the PA of where the PA is at now. It would have been stopped out sooner as you can see PA took a dip and probably would have hit the BE/JS that was set at that time, but since I didn't have it running durring that dip the EA only is going by what the PA was at when I restarted it.

As you can see it caught 3 trades, the arrows are not present where the trades took place because of the the restarts and reloads, but you should be able to tell by the green line. These trades were set to wait for a closed clean candle. If you do load the EA onto an active trade it will take control of it.

In the first screen shot you can see there was a first trade that got stopped out when it went back into the cloud and the BE had already been moved to the top of the cloud. It has now entered another trade in the same direction and you can see the stop loss has been moved to the top of the cloud. Right now once the PA goes your range bar pip setting above the cloud (in this case 15 pips), the cloud stop loss is moved to the top, maybe give it more space and increase that setting, will probaly make it user selectable.
Maybe unimak can shed some light on this and maybe there is something we can change to avoid this or just go the course as you will have some losers.

unimak: One last question, in a previous post you mentioned using the opposite signal to exit, what exactly do you mean? Also how would maybe the Tenken and Kjun reversal work as an exit.

For comparison, the loss so far on this first one becuase of the first trade it took was -2.99, and as you can see the other two are doing very well.

Now that I think I got the latest bugs out I will be testing the same last version u4 on two different accounts, same Broker, using close clean candle on one and the faster entry on the other just to see what the difference could be.

This EA looks to have potential.

@seller9

In the first screen shot you can see there was a first trade that got stopped out when it went back into the cloud and the BE had already been moved to the top of the cloud. It has now entered another trade in the same direction and you can see the stop loss has been moved to the top of the cloud. Right now once the PA goes your range bar pip setting above the cloud (in this case 15 pips), the cloud stop loss is moved to the top, maybe give it more space and increase that setting, will probaly make it user selectable.

Maybe unimak can shed some light on this and maybe there is something we can change to avoid this or just go the course as you will have some losers.


>>>> please make this user selectable , like say we move the sl to the top when we are 2 bars away or 3 bars away, the bar value will be taken from the
range bars, as in future when we will come to the setting portion , we will not be using this default 15 pips, and for each currency it will vary . so we make it user selectable , so suppose we have a 10 pip range bar , we say when 2 bars move from the cloud top and we get a gap of 20 pips we move it to the top of the cloud. Please note this is mentioned in the scalp strategy and not for normal trade. for normal trade we can even relax it if it is made user selectable. ( 20 pips arrived by 2 bars of 10 pip each so 2 bars x 10 pips = 20 pips ) not based on the value that is being drawn on the screen .

we can easily do this by getting the top value of the cloud and add the 2 candle range bar value ( user has to set this ) and check with the price, if the price matches then we move the sl from bottom of the cloud to the top of the cloud.

@seller 9

Question for unimak:
Do you want this cloud stop loss to move both up and down or I can make it so it never goes any lower but moves up only (Buy trade)? Right now it follows the top of the cloud (Buy trade), up or down as it moves.

>>>>> Yes the Cloud sl moves as per the cloud , this is needed to take care of the dips that PA takes in the course of a big trade. however this option if it can be made as a toggle where the user can select it will be good. so those who are risk averse will just toggle the selection in such a way that the cloud SL only moves up and does not come down at all but the cloud sl should never leave the cloud . so when the cloud value dips it will not adjust lower but when it moves up it will adjust up provided the trade is still on without getting stopped out.

Right now it follows the top of the cloud (Buy trade), up or down as it moves.

>>> correct settings .

@seller9

unimak: One last question, in a previous post you mentioned using the opposite signal to exit, what exactly do you mean? Also how would maybe the Tenken and Kjun reversal work as an exit.

>>>>>>>>>> ok when a user selects this strategy , the condition is the EA runs all time , so when this is ensured the user just does not put any TP or BE/JS etc so he just has a default Cloud SL which is moving with the top of the cloud after the initial setting at the bottom of the cloud. now he will exit the trade via cloud sl trigger and then when the sell kicks in he will enter the trade and keep repeating as and when the trade moves from buy to sell and sell to buy all exits to the trade will be via cloud SL trigger only .


Also how would maybe the Tenken and Kjun reversal work as an exit. >>> explained above, let us not explore this for now.