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Renko and Ichimoku Cloud Cross 132 replies

ichimoku cloud breakout strategy 29 replies

Need an Ichimoku Stop Loss behind the cloud - EA 0 replies

The Ichimoku Cloud 4 replies

Attachments: Ichimoku cloud burst ea
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Ichimoku cloud burst ea

Quoting unimak
right now it follows the future cloud, top and bottom
it just seems if it follows the present cloud it is too far away to be of any use when the PA starts to move away from the cloud.>>>>>>>>>>

NO , cloud sl seems to be correctly done , pls keep it that way , the cloud sl never leaves the cloud, for a buy trade it starts 3 pip below the cloud and once the trade starts moving in our favor it starts following the upper value of the cloud and keeps changing its value as and when the cloud upper value changes as trade progresses. This is fine if it...
OK, please clarify the following.

1) What determines a clean candle if it is not closed? What criteria do you want to use?
Previously the Trade was placed right after the candle that closed above the cloud ( Buy Example) as long as the Bid was above the top of the cloud, this seems a little risky.

2) Is this what you want with the cloud stop loss? (Buy Trade example)
Initial stop loss when trade is opened to be at Bottom of cloud (Future values used) - 3 pips. Once trade is open and stop loss flips to top of cloud then follow the present cloud top values ( present candle not the future candle values)

I can make these corrections real quick with just a few simple changes to the present EA, just let me know which way to go and I can get it done before the next open.
  •  maxzeus
  • Joined Oct 2008 | Status: Price Action, "TDI" & "HA" | 537 Posts
Quoting seller9
This is the one I use and the EA is based on. Others probably will work but I haven't tested them to see if they give the same answers.

Attachment 921795

Attachment 921796
for Renko or Range bars these below are the ones i use to create OFFLINE charts 2 are EA's the other 2 are indicators they do the same as the EA's, i recommend using the Indicators because it uses less CPU ressources.

Offline Charts

EA version -if you have a Strategy EA open on an OFFLINE Chart, it will make either one not function properly.

RenkoLiveChart_v3.3.ex4
RenkoLiveChart_v3.3x2.mq4 (this EA creates 2 offline charts at once, so it takes less CPU ressources)


Indicator versions (it's not a Script or EA)
-to use if you want an EA to work on an OFFLINE chart

RenkoRangeBarsV1.2 R_KG.mq4
RenkoLiveChart-Not EA.mq4

Hope this is helpfull

Don't forget Practice + Patience + Persistence = Profits
Quoting seller9
OK, please clarify the following.

1) What determines a clean candle if it is not closed? What criteria do you want to use?
Previously the Trade was placed right after the candle that closed above the cloud ( Buy Example) as long as the Bid was above the top of the cloud, this seems a little risky.

>>>>> let us take a example , suppose the cloud top value for eusd is 1.3400 , and we can say a candle is a clean one when it is forming if the low of the candle is 1.3401 and the high is 1.3416 in case of a 15 pip range bar. so in case we find...
2) Is this what you want with the cloud stop loss? (Buy Trade example)
Initial stop loss when trade is opened to be at Bottom of cloud (Future values used) - 3 pips. Once trade is open and stop loss flips to top of cloud then follow the present cloud top values ( present candle not the future candle values)
>>>>>>>>>>>>>>>>>> yes



1) What determines a clean candle if it is not closed? What criteria do you want to use?
Previously the Trade was placed right after the candle that closed above the cloud ( Buy Example) as long as the Bid was above the top of the cloud, this seems a little risky.

>>>>> let us take a example , suppose the cloud top value for eusd is 1.3400 , and we can say a candle is a clean one when it is forming if the low of the candle is 1.3401 and the high is 1.3416 in case of a 15 pip range bar. so in case we find the high of the breakout candle to 1.3416 then automatically the candle is a clean one and we can safely fire on that candle as it is forming.

I know this logic is a not the best but if there is some better logic to determine a clean candle as it is forming then please go for it to achieve the entry firing on the clean candle itself.

Also it will continue to search for a clean candle post the breakout to fire on the clean candle, if the present one is not a clean candle, then it will search for the next one and the process continues till it finds a clean candle and fires on it . ( I think this portion is done pls confirm )
@seller 9

1) What determines a clean candle if it is not closed? What criteria do you want to use?
Previously the Trade was placed right after the candle that closed above the cloud ( Buy Example) as long as the Bid was above the top of the cloud, this seems a little risky.


>>>>>>>

in the worst case we go for it , as the last option if no safe way is there to find a candle to be clean as it is forming .

We have to make the EA take entry on the clean candle.
Quoting maxzeus
for Renko or Range bars these below are the ones i use to create OFFLINE charts 2 are EA's the other 2 are indicators they do the same as the EA's, i recommend using the Indicators because it uses less CPU ressources.

Offline Charts

EA version -if you have a Strategy EA open on an OFFLINE Chart, it will make either one not function properly.

RenkoLiveChart_v3.3.ex4
RenkoLiveChart_v3.3x2.mq4...
That very helpful indeed - thank you
Just thought of a bug in version u4, will repost version u4 later this evening, sorry.
OK, here it is with unimak's idea of looking for a clean candle before it closes. Set "Usecleancandleclose = false' to try it, clean candle close will still be in affect also. If you set it to true only a closed clean candle will be looked for.

I also changed the trailing cloud stop loss back to the present cloud value but left the initial cloud stop loss as the highest or lowest of the future cloud values.

Attached File(s)
File Type: ex4 ichimoku_u4.ex4   40 KB | 415 downloads
As we start the testing of version 4 these are points we need to test ,

1. entry on the clean candle itself
2. in case of a breakout but no clean candle the ea continues to search for a clean candle in the next one and it continues in the same way till it finds a clean candle to open a trade on it.
3. initial cloud stop loss will be set below the lowest future cloud value in case of a buy trade minus 3 pips ( user defined )
4. The cloud SL will flip to the top value of the cloud of the present candle once the trade starts hitting profits , from here on it will keep moving as per the present candle's top cloud value.
5. The profit will be booked by the TP given by the user , incase of no TP being given then the profit will be booked by the BE/JS logic.
6. The EA will flip from buyer to seller and seller to buyer automatically, only you have set the inital mode that is buyer or seller.
7. In case you are testing the strategy of exit on opposite signal then just let the cloud SL take care of the entire thing and no need to put any BE/JS

Please refer to my post on strategy .

If all our test goes thru then we will move to settings as the trade management portion has been taken care of.

Happy Testing & Best of Luck
@ seller 9 what is this option job ? (bars from cloudslflip = 1 )
Quoting lucklogic
Hi,

Could somebody please assist me as to the reason why two different brokers react differently when running RenkoRangeBarsV1.2 EA on the MT4 platforms.
This is not necessarily about 2 different brokers, but more likely the result of having different setups on your different MT4s. It is the corollary of having lots of data in your History and on your 1M charts, so in many ways your question is the opposite of Nicastro's. If you want to sort it, go to Tools, Options, Charts and reduce the Max bars in history and Max bars in chart on your FXDD MT4. You will need to re-start your FXDD MT4 for this to have its effect. Other things to do to speed up your MT4, and I can't remember whether this is in the thread about MT4 or not, is to strip out any unnecessary indies, EAs, templates and profiles, and open up Market Watch, right click and select Hide All. Also can't swear to this, but wouldn't be surprised if de-selecting any toolbars you can live without may help.
The dream will never die
Quoting Brotyboy
This is not necessarily about 2 different brokers, but more likely the result of having different setups on your different MT4s. It is the corollary of having lots of data in your History and on your 1M charts, so in many ways your question is the opposite of Nicastro's. If you want to sort it, go to Tools, Options, Charts and reduce the Max bars in history and Max bars in chart on your FXDD MT4. You will need to re-start your FXDD MT4 for this to have its effect. Other things to do to speed up your MT4, and I can't remember whether this is...
Thank you - what you say rings very true, I have just started with PepperStone but have been with FXDD for a long time so it would make sense about the volume data in history having an effect - thank you again
Ea got and EA finally- looking good
the sl moved alarm should only fire once after it moves the cloud sl. I find it is going on and on .
Status report :

1. entry on the clean candle itself >>> takes it , should i set it a buyer and seller or only buyer and it will flip it off any way have now put it on a vps , let us c how it works thru

2. in case of a breakout but no clean candle the ea continues to search for a clean candle in the next one and it continues in the same way till it finds a clean candle to open a trade on it. >>> not tested

3. initial cloud stop loss will be set below the lowest future cloud value in case of a buy trade minus 3 pips ( user defined ) >>> works fine

4. The cloud SL will flip to the top value of the cloud of the present candle once the trade starts hitting profits , from here on it will keep moving as per the present candle's top cloud value.>> it does flip some confusion in understanding here , may be need to slow down the flip

5. The profit will be booked by the TP given by the user , incase of no TP being given then the profit will be booked by the BE/JS logic.
>>> has booked as per this logic, overlooking this portion as i think this is well tested, others please check this portion for bugs if any

6. The EA will flip from buyer to seller and seller to buyer automatically, only you have set the inital mode that is buyer or seller. >>> need to verify . seller9 input needed .

7. In case you are testing the strategy of exit on opposite signal then just let the cloud SL take care of the entire thing and no need to put any BE/JS >>> not tested pending .
Quoting unimak
@ seller 9 what is this option job ? (bars from cloudslflip = 1 )
This is the number of bars the Bid is above the cloud (Buy Trade) before the stop loss flips to the top of the cloud. With a setting of 1 it should flip as soon as a clean candle happens.
Quoting unimak
Status report :

1. entry on the clean candle itself >>> takes it , should i set it a buyer and seller or only buyer and it will flip it off any way have now put it on a vps , let us c how it works thru

2. in case of a breakout but no clean candle the ea continues to search for a clean candle in the next one and it continues in the same way till it finds a clean candle to open a trade on it. >>> not tested

3. initial cloud stop loss will be set below the lowest future cloud value in case of a buy trade minus 3 pips ( user defined ) >>> works...
In regards to 4)
Right now the flip happens when the Bid is a certain number of bars above cloud top (Buy Trade), default is 1. This can be changed to flip when we go into profit, that may be a better choice.
Let me know and I can change it in the next version.
Quoting seller9
In regards to 4)
Right now the flip happens when the Bid is a certain number of bars above cloud top (Buy Trade), default is 1. This can be changed to flip when we go into profit, that may be a better choice.
Let me know and I can change it in the next version.
>>> this needs to be looked into before we code, flipping when in profit is one option.

question :- what happens if i select buyer and seller to be true at the start of the ea, how will it react. ?
@seller 9

started a new thread for the pivot ea ,

http://www.forexfactory.com/showthread.php?t=348939

we initally start with discussions , in these discussions we will be trying to make a manual system into a EA just the way we did for the present.

The present one has very little development left and mostly it will be testing with minor tweaks here and there,

Let us see how this one progresses.

Both these EA are based on a highly successful and reliable manual systems.
EA rocks from 10 gmt to 17.30 gmt hours.
Quoting seller9
In regards to 4)
Right now the flip happens when the Bid is a certain number of bars above cloud top (Buy Trade), default is 1. This can be changed to flip when we go into profit, that may be a better choice.
Let me know and I can change it in the next version.

we need to make the sl moved alert to pop up once when it moved the cloud sl and then keep quiet, right now it goes on and on . Also the flip need to be slowed, these are 2 problems so far
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