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Ichimoku cloud burst ea

  • #281
  • Mar 22, 2012 12:13pm Mar 22, 2012 12:13pm
Quoting seller9
Here is version u5, I don't have time to explain changes now, but they are what unimak suggested and you should be able to figure them out from the settings. It made it through the night OK and the BEJS seems to be working now for short trades. You should be able to replace u4 with this one, if you put it on a trade thats already open just open the EA properties and do your settings and when you click OK it will ask you if you want to manage the trade, just say yes and it will manage the trade according to your settings. If you are in profit enough...
Great Job, Many thanks for the quick turn around.
  • #282
  • Mar 22, 2012 6:18pm Mar 22, 2012 6:18pm
Quoting unimak
Great Job, Many thanks for the quick turn around.
Sorry, I forgot to remove the alert for every time the cloud stop loss gets updated, it does leave a lot of alerts in the pop up. Will get it next time.
  • #283
  • Mar 22, 2012 6:21pm Mar 22, 2012 6:21pm
Quoting Zool
Can you please answer to this?
"If my broker's platform using 5 digits, should I multiply the pip values by 10 in the ea's settings?"
Sorry for late answer, early Spring is here in Wisconsin so need to get the yard work done before the weeds take over and get a foot hold.

The answer is no.

//Adapt to x digit criminals
int multiplier;
if(Digits == 2 || Digits == 4) multiplier = 1;
if(Digits == 3 || Digits == 5) multiplier = 10;
if(Digits == 6) multiplier = 100;
if(Digits == 7) multiplier = 1000;

Good Luck
  • #284
  • Mar 22, 2012 6:30pm Mar 22, 2012 6:30pm
It just dawned on me that I think you wanted the cloud stop loss to flip after a user selectable number of pips of profit, right now it is a user selectable number of pips from the cloud, (pips between cloud top and Bid, in a Buy), is this correct? Will change in next version if thats the way you want it. Probably makes more sense to use profit as a guide for the flip.
  • #285
  • Mar 22, 2012 6:38pm Mar 22, 2012 6:38pm
I corrected the stop loss flip so it now uses the pips in profit before flip and I also removed the alert every time the cloud stop loss moves, those are the only two changes.

Attached File(s)
File Type: ex4 ichimoku_u6.ex4   39 KB | 517 downloads
  • #286
  • Mar 22, 2012 7:03pm Mar 22, 2012 7:03pm
hey seller 9 thanks for the latest update.

im confused though about buyer and seller settings. is it possible to select buyer and seller to true for simplicity's sake? is there any drawback to this?

if we need to select one, then how do we judge initially if it should be a buyer or a seller? and presumably if we do select one, it will change subsequently as required?

thanks
  • #287
  • Mar 22, 2012 7:20pm Mar 22, 2012 7:20pm
Quoting blamshakk
hey seller 9 thanks for the latest update.

im confused though about buyer and seller settings. is it possible to select buyer and seller to true for simplicity's sake? is there any drawback to this?

if we need to select one, then how do we judge initially if it should be a buyer or a seller? and presumably if we do select one, it will change subsequently as required?

thanks
I had thoughts on having a "Auto" selection that would go with the trade depending on which way it came out of the cloud. I need to look at the code to see just how it will react to having them both set to true. I believe it will go the direction of the breakout from the cloud, after that it will start to toggle. So if it breaks out to the top of the cloud and finds a clean candle it will open a buy trade and then get set for a sell trade after the present buy trade closes and toggle from there on.

I just look at the last trade that should have taken place, if the last trade was a sell than I set the EA to look for a buy. So if your in a long down trend set it to Buy = true and wait for a reversal to go long when it breaks out through the top of the cloud.

You may want to get unimak's input on this as I think he is looking for alernating back and forth between buy and sell.
  • #288
  • Mar 22, 2012 7:33pm Mar 22, 2012 7:33pm
cheers for the explanation, i sort of figured as much.

an autobuysell feature a la experts tool box would be simpler, but this is fine.
  • #289
  • Mar 22, 2012 8:32pm Mar 22, 2012 8:32pm
hey,,guyzz hope am not getting here late been trying to catchup on this,,besides ts my first time to read throu' this n new to the system ,,will be grateful for any heads up here,,,
  • #290
  • Edited 10:24pm Mar 22, 2012 10:19pm | Edited 10:24pm
Quoting seller9
It just dawned on me that I think you wanted the cloud stop loss to flip after a user selectable number of pips of profit, right now it is a user selectable number of pips from the cloud, (pips between cloud top and Bid, in a Buy), is this correct? Will change in next version if thats the way you want it. Probably makes more sense to use profit as a guide for the flip.
all our values are bid values , so clean 10 pip profit ( use selectable as we need to adjust this figure based on curreny pair , like gjpy which need to be handled differently ) we flip . suppose cloud top in eu is 1.3550 and we hit 1.3360 so clean 10 pip profit so cloud sl should be 1.3550 minus ( user selectable pips as buffer normally kept for false spikes and spread ) . in our case it is 3 pips . so 1.3547 will be the cloud sl . ( in case of a buy trade )

cloud bottom value can be say 1.3533 ( minus 3 pips user selectable ) as initial cloud sl 1.3530

so 1.3550 entry cloud sl 1.3533 ( minus 3 pips ) 1.3530
now price is 1.3560 cloud sl is 1.3550 ( minus 3 pips ) 1.3547

so in case of spike back and if sl triggers we hit 3 pip loss , but if make it we hits 30 -60 pips profit.

1:10 ratio for P/L should bring the smile back on a traders face :-)
  • #291
  • Mar 22, 2012 10:28pm Mar 22, 2012 10:28pm
Quoting seller9
I had thoughts on having a "Auto" selection that would go with the trade depending on which way it came out of the cloud. I need to look at the code to see just how it will react to having them both set to true. I believe it will go the direction of the breakout from the cloud, after that it will start to toggle. So if it breaks out to the top of the cloud and finds a clean candle it will open a buy trade and then get set for a sell trade after the present buy trade closes and toggle from there on.

I just look at the last trade that should...
Let us keep it as it is as i test using the buyer and seller on in ver 5 and it did take a buy and a sell but one went into profit the second hit loss .

the reason it hit loss was becoz it took a re entry trade, this EA is not built for reentry trades , only clean buy and sell .

so the user has to select initially , the cloud candles if they are green for a long time then just select the seller mode and you are on .
  • #292
  • Mar 23, 2012 2:37am Mar 23, 2012 2:37am
version 6 not firing on clean candle

screenshot attached.
Attached Image (click to enlarge)
Click to Enlarge Name: ver6 bug.jpg Size: 135 KB
  • #293
  • Mar 23, 2012 3:59am Mar 23, 2012 3:59am
Quoting unimak
version 6 not firing on clean candle

screenshot attached.
You have used "UseCleanCandleClose" = false.

Is this a reason? also for AUD/USD around 1.0407, there was gr8 spike even on M1 chart. This might be the reason, trade is not opened.
  • #294
  • Mar 23, 2012 5:53am Mar 23, 2012 5:53am
is this EA supposed to run on m2 or m20 offline charts?
  • #295
  • Mar 23, 2012 6:23am Mar 23, 2012 6:23am
Quoting seller9
Sorry for late answer, early Spring is here in Wisconsin so need to get the yard work done before the weeds take over and get a foot hold.

The answer is no.

//Adapt to x digit criminals
int multiplier;
if(Digits == 2 || Digits == 4) multiplier = 1;
if(Digits == 3 || Digits == 5) multiplier = 10;
if(Digits == 6) multiplier = 100;
if(Digits == 7) multiplier = 1000;

Good Luck
Thank you! That's really good that you've programmed this into the ea, I've seen some other ea where the programmer didn't care about this 4 or 5 digit thing.

I've found some strange things in the u5 version earlier this day. The ea opened a buy trade on eurjpy without setting stop loss. I've set manually a stop loss on it (I don't like trades without stop loss), and while the ea is managing this trade, it doesn't changing the stop loss value following the cloud.
There was 2 other buy trades: gbpusd and eurusd. The ea set a take profit for them, but I didn't set take profit value in the settings. What is weird that the take profit price was 1.59200 on both pairs (they weren't opened the same time, there was about 90 mins between the 2 trade). And there was an usdcad trade opened from yesterday, and somehow there was a take profit with same 1.59200 level on that too (it was closed by the jumping sl).
  • #296
  • Mar 23, 2012 6:43am Mar 23, 2012 6:43am
Quoting blamshakk
is this EA supposed to run on m2 or m20 offline charts?
it does not matter m2 or m20 you can give any name , it should run on range bar chart that is the only criteria
  • #297
  • Mar 23, 2012 8:39am Mar 23, 2012 8:39am
Quoting unimak
it does not matter m2 or m20 you can give any name , it should run on range bar chart that is the only criteria

I must say Big thanks to Unimak- Seller and I am not forgetting zamanib

I have been testing the ea - I have hit some decent profit -- some losses but small compare to profit- I miss a few trades because broker did not fill my order maybe price move fast and there is no re-entry
I was thinking if possible to make the Ea to set pending orders -- example for a buy will set pending order to buy 3 or 4 pips above the cloud with hard sl below the cloud -- after the trade kicks the ea will manage the rest

here a few trade I took -- I only trade eu ej uc

Oh one other thing - please dont ask for settings - rangebars script - range bar size (please test and find your own edge what is work for others will not work for you)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 15 KB
Click to Enlarge Name: chf.gif Size: 17 KB
Click to Enlarge Name: ej.gif Size: 15 KB
  • #298
  • Mar 23, 2012 8:55am Mar 23, 2012 8:55am
Quoting unimak
version 6 not firing on clean candle

screenshot attached.
I agree there's a bug. It happens to me when I restart my platform. The EA fires off trades even when candle is inside the cloud.
  • #299
  • Mar 23, 2012 9:26am Mar 23, 2012 9:26am
Quoting mm16
I agree there's a bug. It happens to me when I restart my platform. The EA fires off trades even when candle is inside the cloud.
see that can happen when you restart , so ideally u should attach the EA once you have done the restart. similarly when you are closing it off you need to take the EA off , to be on the safe side.
  • #300
  • Mar 23, 2012 10:59am Mar 23, 2012 10:59am
Quoting unimak
version 6 not firing on clean candle

screenshot attached.
Look at the screen shot below, I believe I mentioned this earlier that the EA is based on the "RenkoRangeBarsV1.2 R_KG" indicator. This indicator uses the Open and the Close as the range bar size and is always 15 pips if you are using 15 pip bars.(which indicator are you using?) You will see below that the close of one bar is the same as the open of the next bar(yours are not). It looks like with the indicator you are using it is using the high and the low as the range and the close and open from one candle to the next are not the same, this may be causing some differences and some problems. Also at this time it will not fire a trade until the High - Low of the candle after the break exceeds the range bar size, do you want this to be user selectable? So in a case where you are using 15 pip range bars a trade would not fire until we had more than 15 pips of movement between the High and The Low of the candle after the break out candle, this is with usecleancandle set to false.

We may need to decide on which Range Bar Indicator we need to design the EA after.

Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 358 KB
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