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Ichimoku cloud burst ea

  • #521
  • Mar 28, 2012 3:23pm Mar 28, 2012 3:23pm
Ok I think im all set up now

The pairs I am trading are

GBPUSD
EURUSD
USDJPY
AUDUSD
EURJPY
GBPJPY

I have a 1M chart with range bars loaded (Kumetto's settings) and an offline 20M chart with the ichi7 open for each pair.

Hope this is OK.

Looking forward to sharing the input.
  • #522
  • Mar 28, 2012 3:33pm Mar 28, 2012 3:33pm
GBPJPY is not recommended i used it but loses where bigger then gains Use recommended one CADJPY
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  • #523
  • Mar 28, 2012 3:39pm Mar 28, 2012 3:39pm
Quoting kumetto
GBPJPY is not recommended i used it but loses where bigger then gains Use recommended one CADJPY
Ok changed

Thanks
  • #524
  • Mar 28, 2012 3:49pm Mar 28, 2012 3:49pm
Here are my daily update on Live Account

Icemaan
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  • #525
  • Mar 28, 2012 3:51pm Mar 28, 2012 3:51pm
Since some are having problems getting the Range Bars going I put together this package of everything needed to hopefully get you up and running along with a document showing one way to do it.

By no means is this the only way to do this so don't jump all over me for showing this way to do it.

I believe there are some scrpts out there that will also populate your history, I have tried a couple with so so success.

Version u8 is also included in this zip folder if you want to update, the changes made are just 2.

1) Fixed the label problem with the BEJS display.
2) Added some code so it will now take a trade if one candle closes below/above cloud and the next one closes above/below. Before it had to close inside the cloud then outside the cloud to be valid. At times there is no cloud to speak of to close inside of.

Attached File(s)
File Type: zip ichimoku_u8_rangebar_setup.zip   1.1 MB | 1,719 downloads
  • #526
  • Mar 28, 2012 4:11pm Mar 28, 2012 4:11pm
wowowow nice i'm going to set this now and go to sleep
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  • #527
  • Mar 28, 2012 4:15pm Mar 28, 2012 4:15pm
I got my charts up and running. Seller you are putting in quite the effort here and you deserved to be commended for it especially if you start coding another ea. Goodjob it will be interesting to see if this little thing is profitable on a demo account.

I have never ran an ea before and I dont know of any traders who use an ea for their meat and potatoes trading but this could be a fun experiment with a small amount of cash and low lot size for some extra weekend cash if it is successful.

kudos
  • #528
  • Edited 4:46pm Mar 28, 2012 4:34pm | Edited 4:46pm
Problem still exist.I puted 25/5/5 showing 2/0/0.Same on the other broker
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  • #529
  • Mar 28, 2012 4:51pm Mar 28, 2012 4:51pm
Seller I know you have spent plenty of time putting together that nice setup document, and I ask if you could make another document regarding the ichi ea and setting the various levels just so unimak can hopefully post them on page 1 and it is simple for anyone looking to open this on a demo.

I have my doubts about this, one mainly because I have never used an ea, two i dont know much about ichi and I am reading up now. But if this is as simple as it appears to be, and winners are consistently bigger than losers than all that is needed is a slight edge.

Would be nice if people kept some statistics on their average losers, winners, pairs etc. maybe a myfxbook or w/e; I have never used one but I see they keep some nice stats.

When does ichimoku have the most difficult runs? Would it be a good idea to open some hourly- daily charts and see which ones are trending for best results? Just some simple things like that I am curious about.
  • #530
  • Mar 28, 2012 7:33pm Mar 28, 2012 7:33pm
Quoting fxfury
Seller I know you have spent plenty of time putting together that nice setup document, and I ask if you could make another document regarding the ichi ea and setting the various levels just so unimak can hopefully post them on page 1 and it is simple for anyone looking to open this on a demo.

I have my doubts about this, one mainly because I have never used an ea, two i dont know much about ichi and I am reading up now. But if this is as simple as it appears to be, and winners are consistently bigger than losers than all that is needed is a slight...

Did you see post 322 ???
  • #531
  • Mar 28, 2012 7:43pm Mar 28, 2012 7:43pm
FXFury---

Go watch a video on the Basics of the Cloud. Here is one --
http://www.youtube.com/watch?v=mZa9O...eature=related

It is an average of where price has been-- highs and lows, projected forward according to the settings we use. This works because of the forward projection, and when you have a very narrow range you will see small moves back and forth across the cloud and find losing trades. It is why trading crosses of MAs doesn't work, because of the time lag being projected, and late entries. I think you will see the losses when we get to reversal zones, and vaccilations as price decides which way it wants to go. The big wins we wait for are the straightaway moves, and the Cloud projects at a rather steep angle guiding us to decent profits, until we get consolidation points again. The flat market is where we find the difficult times for profit. Does that help?
  • #532
  • Mar 28, 2012 8:44pm Mar 28, 2012 8:44pm
Quoting seller9
Did you see post 322 ???
Thanks i honestly went through pages of posts cause I couldnt pin point your post where I knew you mentioned something.
  • #533
  • Mar 28, 2012 8:46pm Mar 28, 2012 8:46pm
Quoting Denyap
FXFury---

Go watch a video on the Basics of the Cloud. Here is one --
http://www.youtube.com/watch?v=mZa9O...eature=related

It is an average of where price has been-- highs and lows, projected forward according to the settings we use. This works because of the forward projection, and when you have a very narrow range you will see small moves back and forth across the cloud and find losing trades. It is why trading crosses of MAs doesn't...
This is why I would say pick a pair that you see is trending either naked eye or however you want to see a strong trend such as the yen pairs over the past while. Thx for the insight.
  • #534
  • Mar 28, 2012 8:57pm Mar 28, 2012 8:57pm
Quoting traderguynw
AUSUSD : Closed another 20% for +74 pips (RB=15). Moved SL to BE entry.
AUSUSD : Closed another 40% for +89 pips (RB=15). 20% position left. SL moved to +35 pips.
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  • #535
  • Mar 28, 2012 9:07pm Mar 28, 2012 9:07pm
Quoting traderguynw
AUSUSD : Closed another 40% for +89 pips (RB=15). 20% position left. SL moved to +35 pips.
These are ea opens right? I know u manual control partial tp
  • #536
  • Mar 28, 2012 9:08pm Mar 28, 2012 9:08pm
Quoting fxfury
These are ea opens right? I know u manual control partial tp
Yes all entries are opened by the EA.
  • #537
  • Mar 28, 2012 9:12pm Mar 28, 2012 9:12pm
Can someone explain the buyer seller adjustments on the ea. I cant find the post explaining it and I cant remember if you set the seller to true if you are looking to buy or the buyer.

And if both are set to true does it auto pick based on cloud break? Just confusing myself.

Last thing, since it was explained that we may run into trouble on the turn arounds in trend when it ranges. Are we helping ourselves prevent this by having multiple pairs to take positions on? I would believe the ea would be benefiting from some kind of diversification here, it looks to be doing pretty well as is.

Good work keep it up.
  • #538
  • Mar 28, 2012 10:35pm Mar 28, 2012 10:35pm
Quoting traderguynw
126+44 is for the week (since EA was started).

My settings for the EA are default out of the box, except for lot size and the initial buyer/seller setting on a per pair basis.

I am using the "ichimoku_u1_seller9" template and the "ichimoku_u7" version of the EA.

All pairs are on RB=15 derived from M1 data.

I will manually closed partial positions as the trade progresses, otherwise I just let the EA handle it.

Nice to hear that , keep testing , many thanks
  • #539
  • Mar 28, 2012 10:38pm Mar 28, 2012 10:38pm
Quoting Zool
Thanks for the tip
I let the EA running 24 hours a day on 9 pairs on my demo account. I'm planning to do this for 2-3 weeks, and then review the trades taken by the EA and fine tune the settings.

As for money management: I made a very basic approach - visually looked back at the kumo on the pairs, and found that the average width of the cloud when it was relatively thick was about 30-40 pips. I have a 500 USD demo account, I willing to take 3% risk so with a stop loss about 30-40 pips the position size should be around 0.04 lots. I know it's...
sorry no MM now, we get the basics right to our satisfaction then on MM .
  • #540
  • Mar 28, 2012 10:46pm Mar 28, 2012 10:46pm
Quoting fxfury
Can someone explain the buyer seller adjustments on the ea. I cant find the post explaining it and I cant remember if you set the seller to true if you are looking to buy or the buyer.

And if both are set to true does it auto pick based on cloud break? Just confusing myself.

Last thing, since it was explained that we may run into trouble on the turn arounds in trend when it ranges. Are we helping ourselves prevent this by having multiple pairs to take positions on? I would believe the ea would be benefiting from some kind of diversification...
If the pair is already in a long trending trade, say Long, then the next likely trade should be a short trade as the PA breaks back down through the cloud. In this case set the EA to Seller = true so it will only look for a short trade after the long trade closes. You can also set both Buyer and Seller to true and once inside the cloud the next trade will be determined by which way it breaks out of the cloud. Once it breaks out of the cloud and takes a trade it will then adjust itself to either Buyer or Seller, it will toggle from one to the other depending on the last trade. You do have to check it from time to time to make sure it is looking in the logical direction though.
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