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Ichimoku cloud burst ea

  • #401
  • Mar 27, 2012 12:36pm Mar 27, 2012 12:36pm
doing backtests and they look good on 4hour eur nzd
is this accurate or is strategy tester full of crap
  • #402
  • Mar 27, 2012 12:51pm Mar 27, 2012 12:51pm
I wonder if the ea will catch the right direction on gu and eu (see attachmrent). I leave it running and we will see

Today 7 trades were opened by the ea. 2 of them was loss, 1 is still running, 4 winners. So it's +73 pips today and an AUDUSD long is still open with -6 pips currently.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 30 KB
Click to Enlarge Name: gu.gif Size: 30 KB
  • #403
  • Mar 27, 2012 1:01pm Mar 27, 2012 1:01pm
Quoting Zool
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.
Presently, here is where it is at

Attached Image (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 333 KB
  • #404
  • Mar 27, 2012 1:06pm Mar 27, 2012 1:06pm
Quoting goldsurfer
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
I am CST so to trade London and first half hour of NY I set it like so. The hours are your computer time, not your broker time.

Attached Image (click to enlarge)
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  • #405
  • Mar 27, 2012 1:12pm Mar 27, 2012 1:12pm
acording to my renko setup GU should trigger a sell after a candle close but we will see.Or trade manual if you dare Btw on the second shart is my life setup.That i'm going to trade manual live.
Attached Image(s) (click to enlarge)
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Trade with 60
  • #406
  • Mar 27, 2012 1:17pm Mar 27, 2012 1:17pm
Maybe I missed it, but can you explain how you limit your losses to 10 or 15 pips?
  • #407
  • Edited 2:52pm Mar 27, 2012 1:37pm | Edited 2:52pm
My Aussie trade using 10RB opened up with a 42 pip SL! You need the option to limit that, like two bars going against you, etc. But you don't want a 42 pip SL, really bad risk to reward.

cheers
  • #408
  • Mar 27, 2012 2:04pm Mar 27, 2012 2:04pm
Guys

Can anyone please help me with the Range Bars. What script or indicator are you guys using to create the bars. For UJ should the box size say 150 instead of 15 as it is not like EU or GU and only has 2 decimals

Pls help. Thanks
  • #409
  • Mar 27, 2012 2:50pm Mar 27, 2012 2:50pm
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.
If you may please include option to close partial trade at target 1 then let the rest be taken out either by BEJS or however one chooses. Thanks again for all your hard work.
  • #410
  • Mar 27, 2012 3:15pm Mar 27, 2012 3:15pm
Quoting goldsurfer
My Aussie trade using 10RB opened up with a 42 pip SL! You need the option to limit that, like two bars going against you, etc. But you don't want a 42 pip SL, really bad risk to reward.

cheers
When you use ichimoku as your trading system, the strongest support and resistance levels are the 2 sides of the cloud (kumo). Look on that aussie chart how the price bumped back multiple times from either side of the kumo in the previous uptrend. I usually put my stop loss on a previous high or low (support or resistance) when trading manually using other system - so if the cloud gives you a good support/resistance level, why don't you want to use that to determine your stop loss? When using tme based 1h or 4h charts, that 40 pip stop loss is not that huge imho - so why do you think it's too big here?
  • #411
  • Mar 27, 2012 3:16pm Mar 27, 2012 3:16pm
Quoting seller9
Maybe I missed it, but can you explain how you limit your losses to 10 or 15 pips?
I have hard SL 30 tp 60 -- or if new signal come before the sl 30
I hardly see loss of 30 pips -- 15-25 -30

I think I got the currect cloud settings and rangebars pips range -- h
try 4 - 8 - 12 see whats works better - for you each pairs are different
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 19 KB
Click to Enlarge Name: eu.gif Size: 20 KB
Click to Enlarge Name: chf.gif Size: 20 KB
  • #412
  • Mar 27, 2012 3:38pm Mar 27, 2012 3:38pm
Quoting UTurn
I have hard SL 30 tp 60 -- or if new signal come before the sl 30
I hardly see loss of 30 pips -- 15-25 -30

I think I got the currect cloud settings and rangebars pips range -- h
try 4 - 8 - 12 see whats works better - for you each pairs are different
There you are 1-2 RR. No need for the EA though 'cause it can't be set this way unless I'm missing something. 50% winners makes you boo-koo pips!



This is what the EA needs in MM settings, lower the risk.

cheers
  • #413
  • Mar 27, 2012 3:47pm Mar 27, 2012 3:47pm
Quoting Zool
When you use ichimoku as your trading system, the strongest support and resistance levels are the 2 sides of the cloud (kumo). Look on that aussie chart how the price bumped back multiple times from either side of the kumo in the previous uptrend. I usually put my stop loss on a previous high or low (support or resistance) when trading manually using other system - so if the cloud gives you a good support/resistance level, why don't you want to use that to determine your stop loss? When using tme based 1h or 4h charts, that 40 pip stop loss is not...
If the trade goes straight against you, wipe's out lot of profits. Because you don't have a set 40 pip gain. It's simple Risk to Reward. Should be minimum of 1-1. Now the ea only has to hit more winners than losers. Common trading sense to me. But you should be able to trade anyway you want to....so different MM options should be added to the 'bot. Just my opinion, not my decision. But U-Turn definitely has the right idea.

cheers
  • #414
  • Mar 27, 2012 3:50pm Mar 27, 2012 3:50pm
Quoting goldsurfer
There you are 1-2 RR. No need for the EA though 'cause it can't be set this way unless I'm missing something. 50% winners makes you boo-koo pips!



This is what the EA needs in MM settings, lower the risk.

cheers
Trading is an art- skill you develop after years and years

Be smart to lower you loss- this is 1 of the 3 best system on ff -- if you fine you settings and stick to it- I am not a big fan of ea --

If I see signal I enter set sl and tp - if I am infront of PC and new signal comes - I close losing one enter next trade - If not let what ever happen loss 30 pips or gain 60

There is one guy on FF trying to pull this system down -- watch out for him he thinks he own FF
  • #415
  • Edited 4:50pm Mar 27, 2012 4:37pm | Edited 4:50pm
Quoting UTurn
Trading is an art- skill you develop after years and years

Be smart to lower you loss- this is 1 of the 3 best system on ff -- if you fine you settings and stick to it- I am not a big fan of ea --

If I see signal I enter set sl and tp - if I am infront of PC and new signal comes - I close losing one enter next trade - If not let what ever happen loss 30 pips or gain 60

There is one guy on FF trying to pull this system down -- watch out for him he thinks he own FF
Apparently I missed the point of this entire thread when unimak wanted to develope an EA based on the ichimoku BO, as I thought unimak wanted to develope an EA that mirrored the way he trades, it looks like some are just doing manual trades, I thought there was a forum for that already. I don't see any EA trades on the previous charts.

Since unimak is making the calls as to how this EA gets developed, I will let him decide on what to add or if it lives or dies.

I am having very good results with it on my live accounts and I let it run 24/5 and only check it once or twice a day.
So if this thread dies and everyone goes back to manual trades I will continue along with the EA on my own and for my own use.
  • #416
  • Mar 27, 2012 4:38pm Mar 27, 2012 4:38pm
Quoting UTurn
Trading is an art- skill you develop after years and years

Be smart to lower you loss- this is 1 of the 3 best system on ff -- if you fine you settings and stick to it- I am not a big fan of ea --

If I see signal I enter set sl and tp - if I am infront of PC and new signal comes - I close losing one enter next trade - If not let what ever happen loss 30 pips or gain 60

There is one guy on FF trying to pull this system down -- watch out for him he thinks he own FF
I've never been a fan of EA's either, but if there was ever an EA with a chance to be successful, this is it. 'Cause it's simply breakout, enter, and manage the risk. That's why more effort should be put into the MM.

cheers
  • #417
  • Mar 27, 2012 4:40pm Mar 27, 2012 4:40pm
Quoting goldsurfer
If the trade goes straight against you, wipe's out lot of profits. Because you don't have a set 40 pip gain. It's simple Risk to Reward. Should be minimum of 1-1. Now the ea only has to hit more winners than losers. Common trading sense to me. But you should be able to trade anyway you want to....so different MM options should be added to the 'bot. Just my opinion, not my decision. But U-Turn definitely has the right idea.

cheers
You don't have to have a set take profit level. You can open a trade only with stop loss set, and exit it if an opposing signal comes. For example if you base your trades on TDI, and you enter long on an upward cross and exit if the green line starting to hook in the other direction or crosses downward. Or with MA crosses the same thing. With Ichimoku the touching of the cloud, or breakout to the other side of the cloud can be an exit signal (or you can use the tenkan-kinjun crosses as exit signal).
Or you can have a trailing stop. Both (exit signalor trailing stop) are valid options in my opinion, if you dont want to use fixed take profit.

This ea can do either of those. If you set the UseBEJS to false, then it will end the trade when the price touch the kumo - an ichimoku exit signal (as the stop loss follows the kumo). If you use the jumping stop, then thats a trailing stop

Today this ea made trades with 66+% win ratio, yesterday it was above 75%. I'll test it more, running it 24 hours for the entire trading week (maybe 2-3 weeks) and we will see how the win ratio will work out. In the previous week I
also let the ea run all week long, but those were other versions, and I used different range bars and parameters, so I don't count those trades but there were more winners than losers.
  • #418
  • Edited 7:24pm Mar 27, 2012 6:13pm | Edited 7:24pm
Quoting seller9
Since unimak is making the calls as to how this EA gets developed, I will let him decide on what to add or if it lives or dies.

I am having very good results with it on my live accounts and I let it run 24/5 and only check it once or twice a day.

So if this thread dies and everyone goes back to manual trades I will continue along with the EA on my own and for my own use.
i agree on that, i will also continue to use the EA on my own

im also currently testing a ichimoku base setup, i like it so far, sometimes it takes time to get to our GOALS but in the end if successfull it's all worth it.

keep up the good work seller9 & unimak



(ok going back into SPY mode)
Don't forget Practice + Patience + Persistence = Profits
  • #419
  • Mar 27, 2012 9:16pm Mar 27, 2012 9:16pm
HI guys, I am new to this I have downloaded the ragebar ind and opened a offline chart but my chart does not show the rangebars only candle ,line and which ever i pick, please help me as i have tried everthing but cannot see the rage bar, cheers
Making money is easy,losing money is easier
  • #420
  • Mar 27, 2012 10:07pm Mar 27, 2012 10:07pm
Quoting seller9
Maybe I missed it, but can you explain how you limit your losses to 10 or 15 pips?
In general the cloud will take care of it , we also have another loss reducer in the flip , using these two setting we can keep the loss to 10 -15 pips approx. it should not be more than this .
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