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Attachments: Ichimoku cloud burst ea
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Ichimoku cloud burst ea

Take a look at the screen shot below and give me your opinion on what you want to do in this type of trade.

Should we change the EA to try and catch these or just let them go??

Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 339 KB
I didn't change anything except SL pips from cloud before the Euro fired a trade using 10 RB, so I'm thinking use BEJS default set is false.

cheers
Quoting seller9
Take a look at the screen shot below and give me your opinion on what you want to do in this type of trade.

Should we change the EA to try and catch these or just let them go??

Attachment 929486
Well this is a trade and the EA has to fire it , as you can see once candle is green which is above the cloud and the second one is red but it is a not a clean candle as part of it is touching the cloud. The EA must fire on the next available clean candle as it is being formed ( preferably ) else immediately on confirmation of a clean candle. ( we are not concerned with how it closes , we are only concerned with a clean candle below the cloud to fire a sell ) I understand for program sense it is needed but for a trader the logic is clean candle fire the trade ) below the cloud sell above the cloud buy simple.

rest of the trade management remains the same.
Quoting goldsurfer
I didn't change anything except SL pips from cloud before the Euro fired a trade using 10 RB, so I'm thinking use BEJS default set is false.

cheers
Yes, I was thinking also of setting up a demo test with BEJS set to false and then just let the cloud stop loss take you out of the trade. It seems once into a good trade(Buy Trade), the cloud starts to follow the rising PA anyway and when they do come back together would be a good extit, so maybe BEJS is not needed at all.
has anybody experimented with higher tf's like 1 hour 4 hour?
Quoting unimak
Well this is a trade and the EA has to fire it , as you can see once candle is green which is above the cloud and the second one is red but it is a not a clean candle as part of it is touching the cloud. The EA must fire on the next available clean candle as it is being formed ( preferably ) else immediately on confirmation of a clean candle. ( we are not concerned with how it closes , we are only concerned with a clean candle below the cloud to fire a sell ) I understand for program sense it is needed but for a trader the logic is clean candle...
OK, I will add it to the next version so it fires on this type of trade also. So in the present version it will miss this trade but you can still enter manually and then let the EA manage the trade.
Traders please note that not all trades with be in profits some will hit minor loss around 10 -15 pips. you should not run the EA during slack hours , and you should also adjust your range bar if you are hitting losses.

once you generate a range bar chart , just see it , if the chart moves nicely from buy to sell and sell to buy with no whipsaw then it is a perfect setting chart to attach the EA. each currency is different to you need to find the best setting for each currency .

The default that is being given as 15 pips is just for the start , it is not fine tuned one for that particular currency . Please remember these points

Fine tuned range bar + correct time to put the EA == Sure Shot Gains and minimal loss.

By correct time i mean not to put the EA to work when the market is at the dullest.
Quoting seller9
OK, I will add it to the next version so it fires on this type of trade also. So in the present version it will miss this trade but you can still enter manually and then let the EA manage the trade.
If possible just give a toggle setting where the user can select the EA to wait for the clean candle to close and then fire or fire on the clean candle as it is being formed. ( that will do ) .
Quoting Kara696969
has anybody experimented with higher tf's like 1 hour 4 hour?
You are free to experiment and share the details . we are on RB mode.
Quoting seller9
Yes, I was thinking also of setting up a demo test with BEJS set to false and then just let the cloud stop loss take you out of the trade. It seems once into a good trade(Buy Trade), the cloud starts to follow the rising PA anyway and when they do come back together would be a good extit, so maybe BEJS is not needed at all.
Yes this was one of the testing point mentioned , anybody testing it please share the details.
Quoting seller9
Yes, I was thinking also of setting up a demo test with BEJS set to false and then just let the cloud stop loss take you out of the trade. It seems once into a good trade(Buy Trade), the cloud starts to follow the rising PA anyway and when they do come back together would be a good extit, so maybe BEJS is not needed at all.
@seller9 , we need to start on this >>>

http://www.forexfactory.com/showthread.php?t=348939
Quoting unimak
Traders please note that not all trades with be in profits some will hit minor loss around 10 -15 pips. you should not run the EA during slack hours , and you should also adjust your range bar if you are hitting losses.

once you generate a range bar chart , just see it , if the chart moves nicely from buy to sell and sell to buy with no whipsaw then it is a perfect setting chart to attach the EA. each currency is different to you need to find the best setting for each currency .

The default that is being given as 15 pips is just for the start...
The time function should be modified where you could set at least three intervals of trading times. The way it looks, you are limited to two but they can't overlap. Unless that is cosmetic and the times can overlap.

cheers
of the currencies,

EJ gives quick returns followed by EU and AU UJ

UCHF is also good

GUSD is dicey as it gives whipsaw so one has to be careful with this one.

GJPY is not good bcoz of big spread ( need to work on it )
What TF should I attach this EA? can we limit this EA only trade during London and NY sessions?
Follow me to the Promised Land
how come my UJ chart with th cloud looks so different to yours? im on M2 offline timeframe using s-constant rangebar script....



Quoting seller9
Open trade

Attachment 929463
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 251 KB
Guys what dont we use renko bars instead of range bars look at the chart of CJpg i've atached renko 3.3 with box 5 and look at that trend wtf.I'm going to test this fo sure. Look at the nice gray candle nice signal for one more long trade isn't it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: renko 3.3.jpg Size: 104 KB
Click to Enlarge Name: renko.jpg Size: 104 KB
Trade with 60
Quoting unimak
Yes this was one of the testing point mentioned , anybody testing it please share the details.
I have just set up a demo account with the same 6 pairs and I have set BEJS to false and will see how it goes in comparison to one using BEJS set to true.
Quoting blamshakk
how come my UJ chart with th cloud looks so different to yours? im on M2 offline timeframe using s-constant rangebar script....
I have the same pair running on demo and live account on different Brokers and they look the same and the same trade was taken on both of them within a few minutes of each other.

Try the other range bar EA and check your history.
The question was asked if you can set EA to trade just London? I can't get the EA to say anything but "Within Hours" no matter how I set it. But i thought I saw you post something about setting it to trade London.

cheers
Quoting seller9
Open trade

Attachment 929463
The same trade opened here too. I'm using 10 pip range bar and 25 as breakeven pips, here is my trade's details:
Open price: 82.91
Close price: 83.11
Profit: 20 pips

How is your trade? We can compare different settings here, since you use 15 pip range bars and 35 pips as breakeven.
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