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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 Zool
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,...
Check your log for errors.
Here are some trades from the 23rd, I just wanted to show what some of my entries looked like when the trades were placed and the EA was doing what it was told to do.

As you can see I am not having any wierd things happen, some of these trades suck, but thats besides the point, just need to refine the settings.

The first five are entries

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This one is an exit when Hidden BEJS stop loss was hit
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Quoting seller9
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...
ok for now we use this indicator "RenkoRangeBarsV1.2 R_KG" .

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?

>> not clear what will the user select , it should fire on the clean candle as it is forming that is the requirement .

range bar size of 15 is not good for testing as we need the EA to take trades so i have reduced the pip range , say 10 pips should be fine .

so suppose we have a candle which breaks the cloud but is not clean , and the next one not touching the cloud , the ea fires on that candle itself.

it should not wait for the clean candle to close and fire on the next one as it will be a delay which costs 10 pips in a 10 pip range bar and 15 pips in a 15 pip range bar.
Quoting seller9
I think we all need to get together on which range bar indicator we are going to use so I can use the same one in the EA. Several I have checked give different answers to the High, Low, Open, and Close values, and this can cause wierd problems with the EA.

So whats it going to be?

We all need to get our charts to look the same before we can get any consistancy out of the EA.

Maybe we need a basic template of just what we should all be looking at so we can all be on the same page.

There is no point in trying to fix problems (that...
yes i agree, we need to have the same tools which the ea uses then only we can verify its actions
Quoting seller9
I think we all need to get together on which range bar indicator we are going to use so I can use the same one in the EA. Several I have checked give different answers to the High, Low, Open, and Close values, and this can cause wierd problems with the EA.

So whats it going to be?

We all need to get our charts to look the same before we can get any consistancy out of the EA.

Maybe we need a basic template of just what we should all be looking at so we can all be on the same page.

There is no point in trying to fix problems (that may not...

Not to be rude - with all respect - I think you are using the wrong rangebars
here someone post a free one here on this thread
http://www.forexfactory.com/showthre...343533&page=79
post 1183

I think every one should used this one for consistency
As per rangebars size - experiment with 4 8 11 -- cloud setting could vaires as per trader --

I FIND 5 DIGITS BROKER DON'T GO WELL WITH RANGEBARS -- I AM USING 4 DIGIT BROKER
Great job on the cloud breakout guys. I know you have alot of tweaking still, but thought I would propose a user selectable reentry method. Using a H4 rsi 55-45 for trend and simple 8,3,3 stoch. downward motion from above, crossing the 80 on the stoch for a sell while rsi is 45 or under, and upward motion from below crossing the 20 on stoch for a buy while rsi is 55 or higher. I attached a sample, seems to mesh pretty well with the range bars.

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Quoting seller9
Check your log for errors.
Where can I check the log? In the terminal there is the journal tab where I can check the actions made. Here is a screenshot showing the trade made by the EA. 1 second after the order made, there is a modification that sets the stop loss and take profit.

Edit: the chart above the log is irrelevant, ignore that.
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Quoting Zool
Where can I check the log? In the terminal there is the journal tab where I can check the actions made. Here is a screenshot showing the trade made by the EA. 1 second after the order made, there is a modification that sets the stop loss and take profit.

Edit: the chart above the log is irrelevant, ignore that.
The EA will send a Take Profit of zero to the Broker if you have it set to zero. It does not create a take profit on its own unless you have set one in the settings.

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Logs are found here

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This is what it looks like

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Quoting seller9
The EA will send a Take Profit of zero to the Broker if you have it set to zero. It does not create a take profit on its own unless you have set one in the settings.
I have the take profit value at zero in the ea settings. There is no log file in the directory you showed, maybe I have to enable it somewhere in MT4's settings.

I don't know what happened then, the EA took other trades without the weird take profit value, only this 3 trades' stop loss was faulty. I'll keep testing it next week. I'm using the RenkoRangeBarsV1.2R_KG indicator with 15 pips setting for the range bars (maybe I'll change it to 8 or 10 pips to have more trades to test).
Quoting seller9
Attachment 927350
The ea opened this trade here too. There are some differences between your chart and my chart. The range bars not the same, and the kumo is not the same. See my screenshot. I've marked the spots where the range bars not the same, and the different kumo crosses too (not the same candle is red-grey-green as in your screenshot).
The ea opened a buy order at 1.04699 price.
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Quoting seller9
Here are 2 different charts on the same pair, using the same data on same Broker using 2 different range bar indicators.

There is a big difference.

The one on the left uses the High and Low as the range bar size and the one on the right uses the open and close as the range bar size.

Attachment 927302
The one on the left is a Range bar, the one on the right and your KG indicator are Renko bars. Might be the 'cause of some confusion.....at least for me as i've never heard Renko called Range or vice versa.


cheers
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Quoting Zool
The ea opened this trade here too. There are some differences between your chart and my chart. The range bars not the same, and the kumo is not the same. See my screenshot. I've marked the spots where the range bars not the same, and the different kumo crosses too (not the same candle is red-grey-green as in your screenshot).
The ea opened a buy order at 1.04699 price.
That small a difference is OK, mine opened at 1.04750
Quoting goldsurfer
The one on the left is a Range bar, the one on the right and your KG indicator are Renko bars. Might be the 'cause of some confusion.....at least for me as i've never heard Renko called Range or vice versa.


cheers
Renko don't have wicks. The candles in charts generated with the mentioned indi havw wicks. It's some kind of hybrid
Quoting goldsurfer
The one on the left is a Range bar, the one on the right and your KG indicator are Renko bars. Might be the 'cause of some confusion.....at least for me as i've never heard Renko called Range or vice versa.


cheers
Yes, thats what my understanding of Range Bars is also, like the one on the left. This is easy enough to change in the EA, but we need to agree on just what indicator we should use for the Range Bars.

Any suggestions from anyone?

Some of the ones I have looked at have different size bars, my understanding is the difference between the High and the Low should be your pip range you have set.
Quoting seller9
Yes, thats what my understanding of Range Bars is also, like the one on the left. This is easy enough to change in the EA, but we need to agree on just what indicator we should use for the Range Bars.

Any suggestions from anyone?

Some of the ones I have looked at have different size bars, my understanding is the difference between the High and the Low should be your pip range you have set.
Your confusing people with the term "Range" is what I'm saying. The question is what Renko indicator do you want to use? Or what Range indicator....when I read post 1 to set up the chart I used the indicator style on the left picture because the term renko has never been used in this thread to my knowledge or to what I've read and I have not read every post by any means.

cheers
I don't know why you would want to change to Range from what you've been using if that is what has been working and your getting decent results.
Looking at Z's pictures in the Commercial forum he was using Range bars....really surprised someone hasn't picked up on this till now....



which one gives better results for the EA?


cheers

well, one consideration is who has a decent public domain range bar indy? i can't find one. I got one, but like you say you can't post that one
Quoting seller9
That small a difference is OK, mine opened at 1.04750
Well mine opened at 1.04450. That's a big difference.
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Quoting seller9
Look at post #126 in regards to this indicator.

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.
I agree - Traders should buy it -- because it is better than the renko you are using as you see the difference - with the example a few traders post
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