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Ichimoku cloud burst ea

  • #641
  • Mar 30, 2012 3:08pm Mar 30, 2012 3:08pm
Unfortunately yesterday I had to install new hardware into my computer, so I had to stop the EA. Only started again in the middle of the NY session. I don't know what went wrong, or it's just the market, but there was much more lose trades than winners since then. At the first half of the week there was a 15-16% gain on my demo account in 3 days, now at the end of the week I'm back at where I was at monday morning.

I saw some of you just had the sami idea as me Few hours ago I started to examine the different range bar settings. I've done only one pair yet, but planning to make it on all of the 9 pairs I'm trading with the EA.
So here's the first pair, AUDUSD. I hope everything is self explanatory in the charts I made
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  • #642
  • Mar 30, 2012 3:24pm Mar 30, 2012 3:24pm
Quoting Zool
I saw some of you just had the sami idea as me Few hours ago I started to examine the different range bar settings. I've done only one pair yet, but planning to make it on all of the 9 pairs I'm trading with the EA.
So here's the first pair, AUDUSD. I hope everything is self explanatory in the charts I made
You are getting there.

Now backtest every rangebar size for every pair you want to trade, over many months, so your method can cope with differing market conditions, until you establish the optimum rangebar for each pair for this strategy. Looking at a week at a time may give you an indication of the likely results, but until then you won't really know. When you know, you will have ownership.
The dream will never die
  • #643
  • Mar 30, 2012 3:59pm Mar 30, 2012 3:59pm
Quoting Brotyboy
You are getting there.

Now backtest every rangebar size for every pair you want to trade, over many months, so your method can cope with differing market conditions, until you establish the optimum rangebar for each pair for this strategy. Looking at a week at a time may give you an indication of the likely results, but until then you won't really know. When you know, you will have ownership.
Many months of backtesting manually with every range bar size will take ages to complete, but it should be done
I will start doing it, but I think I won't do charts about it with arrows and labels, because making the charts take up more time than the actual backtesting. I will post the results.
  • #644
  • Mar 30, 2012 5:01pm Mar 30, 2012 5:01pm
Quoting Zool
Many months of backtesting manually with every range bar size will take ages to complete, but it should be done
I will start doing it, but I think I won't do charts about it with arrows and labels, because making the charts take up more time than the actual backtesting. I will post the results.
You now have an EA for this strategy. Use the Strategy Tester, it will save you oodles of time.

You can't run Strategy Tester and ask it to optimise your rangebar size, but run this again and again with different size rangebars until you have discovered the optimum rangebar size for each pair for this strategy.

I can assure you, it will be obvious when you approach the optimum and when you have passed it.
The dream will never die
  • #645
  • Mar 30, 2012 5:05pm Mar 30, 2012 5:05pm
Quoting Brotyboy
You now have an EA for this strategy. Use the Strategy Tester, it will save you oodles of time.

You can't run Strategy Tester and ask it to optimise your rangebar size, but run this again and again with different size rangebars until you have discovered the optimum rangebar size for each pair for this strategy.

I can assure you, it will be obvious when you approach the optimum and when you have passed it.
I don't know how can I use range bars in strategy tester
  • #646
  • Mar 30, 2012 5:30pm Mar 30, 2012 5:30pm
Quoting Zool
I don't know how can I use range bars in strategy tester
Make a search here in the forum. It can be done.. Happy hunting..
  • #647
  • Mar 30, 2012 6:30pm Mar 30, 2012 6:30pm
Quoting Zool
I don't know how can I use range bars in strategy tester
Hey Zool - here is a useful video on backtesting MT4 range bars:

Inserted Video
  • #648
  • Mar 31, 2012 6:18am Mar 31, 2012 6:18am
smeden, tradeyguynw: Thanks for your input. I've tried to make this work on my comp, it has OSX on it and I run Windows XP in a virtual machine. I don't know why I cannot make it working. I've tried it on my wife's notebook with Win7 on it, and it worked, so I don't know whats wrong on my computer.
Yesterday I started manually backtesting a week on EURUSD with 3 pips rangebars, if I finsih with I then I compare the results with strategy tester.
I've tried to test other systems with the MT4 strategy tester, but it gave very different results than live forward testing, so I can't fully trust this kind of testing.
  • #649
  • Mar 31, 2012 8:40am Mar 31, 2012 8:40am
I've made a quick backtesting with 10 pip range bars, and compared the last 2 weeks results with my live forward testing. See the attached screenshots, why I don't trust the MT4 strategy tester's backtesting results.
All the settings was the same in the backtesting and in the live forward testing.
Attached Image(s) (click to enlarge)
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  • #650
  • Mar 31, 2012 11:25am Mar 31, 2012 11:25am
@Seller9 or any members in here,

I have trouble setup the RangeBars EA that you currently using. I know you enclosed a crystal clear direction on how to set up the rangebar in you zip file. I follow all the steps but when I go under the file menu and select “Open Offline”, but I didn’t see the offline chart that I just created.

Yes, the smiling face of RangeBars EA did show my M1 chart and all four options in the Expert Advisors tap was checked (Enable Expert Advisors, Allow live trading, Allow DLL imports, and Allow external experts imports)

I’m able to create a rangebar with RenkoRangeBarsV1.2R_KG the indicator version but cannot seem to get the RangeBars EA version you currently using to work. Does is required market open for this EA to work or something. My brokers are IBFX and MBT. Thank you very much.
  • #651
  • Edited 1:42pm Mar 31, 2012 11:55am | Edited 1:42pm
According to this, yes the market has to be open for that renko EA to work.

http://www.forexfactory.com/showthre...43#post3779843

Update: I had missed a file, still have an issue though its probably something with my client, will try it on finfx, ibfx etc and others.



Quoting NightOwl76
@Seller9 or any members in here,

I have trouble setup the RangeBars EA that you currently using. I know you enclosed a crystal clear direction on how to set up the rangebar in you zip file. I follow all the steps but when I go under the file menu and select “Open Offline”, but I didn’t see the offline chart that I just created.

Yes, the smiling face of RangeBars EA did show my M1 chart and all four options in the Expert Advisors tap was checked (Enable Expert Advisors, Allow live trading, Allow DLL imports, and Allow external experts...
Attached File(s)
File Type: zip range_bars_wlas_v09.zip   7 KB | 442 downloads
Skype: heliosphan187
  • #652
  • Mar 31, 2012 12:03pm Mar 31, 2012 12:03pm
Threw the EA with default settings on a few pairs late thursday night EST. Closed the big winners manually by Friday afternoon with a healthy gain, not bad for 0 optimization on live charts..

Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Attached File(s)
File Type: zip DetailedStatement.zip   9 KB | 370 downloads
Skype: heliosphan187
  • #653
  • Mar 31, 2012 1:47pm Mar 31, 2012 1:47pm
Quoting Dirtybrown
According to this, yes the market has to be open for that renko EA to work.

http://www.forexfactory.com/showthre...43#post3779843

Update: I had missed a file, still have an issue though its probably something with my client, will try it on finfx, ibfx etc and others.

Dirtybown,

Thank you, it all make sense now. I very appreciated.
  • #654
  • Apr 1, 2012 6:33am Apr 1, 2012 6:33am
I did run into this site. I did not try it yet but looks like they did make a special version for back testing. I think Renko looks better for this system.

http://www.the-forex-strategy.com/in...plugin-for-mt4
  • #655
  • Apr 1, 2012 10:35am Apr 1, 2012 10:35am
Quoting Zool
Unfortunately yesterday I had to install new hardware into my computer, so I had to stop the EA. Only started again in the middle of the NY session. I don't know what went wrong, or it's just the market, but there was much more lose trades than winners since then. At the first half of the week there was a 15-16% gain on my demo account in 3 days, now at the end of the week I'm back at where I was at monday morning.

I saw some of you just had the sami idea as me Few hours ago I started to examine the different range bar settings. I've done...
How you set break event pips for 4 pips range bar?
  • #656
  • Apr 1, 2012 3:48pm Apr 1, 2012 3:48pm
Unfortunately I had much less free time at the weekend than I planned (my 2 months old twin sons are taking care of my free time lol). I only backtested manually the EURUSD pair with 2, 6, 9, 12 pip range bar sizes between 26th and 30th of march (this week).
Here are the results:

3 pip range bars:
Overall performance: -67 pips
Trades taken: 54
Winning trades: 11
Losing trades: 39
Breakeven trades: 4
Average win: 30.2 pips
Average loss: 10.2 pips
Win%: 20%
Avg. R/R: 1:2.96

6 pip range bars:
Overall performance: +175 pips
Trades taken: 15
Winning trades: 8
Losing trades: 7
Breakeven trades: 0
Average win: 31.87 pips
Average loss: 11.42 pips
Win%: 53%
Avg. R/R: 1:2.79

9 pip range bars:
Overall performance: +103 pips
Trades taken: 8
Winning trades: 5
Losing trades: 3
Breakeven trades: 0
Average win: 28 pips
Average loss: 12.33 pips
Win%: 62.5%
Avg. R/R: 1:2.27

12 pip range bars:
Overall performance: +133 pips
Trades taken: 6
Winning trades: 5
Losing trades: 1
Breakeven trades: 0
Average win: 28 pips
Average loss: 7 pips
Win%: 83%
Avg. R/R: 1:4
  • #657
  • Apr 1, 2012 6:02pm Apr 1, 2012 6:02pm
Hehe lucky me
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Trade with 60
  • #658
  • Apr 1, 2012 8:16pm Apr 1, 2012 8:16pm
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  • #659
  • Apr 1, 2012 8:21pm Apr 1, 2012 8:21pm
Anybody use this way to find the best range bar setting????

Inserted Video


AUDUSD = 10
CADJPY = 9
EURJPY = 12
EURUSD = 10
GBPUSD = 10
USDJPY = 7

As of Fridays close.

For BEJS I am going to try:

BE = (2 * RangeBarPips) + Profit
BEP = 5
JS = 1

So for USDJPY it would be 19/5/1

The other ones I am trying the same formula, will see what happens.
  • #660
  • Apr 1, 2012 9:18pm Apr 1, 2012 9:18pm
Quoting seller9
Anybody use this way to find the best range bar setting????

http://www.youtube.com/watch?v=_5LtSdIsH0o

AUDUSD = 10
CADJPY = 9
EURJPY = 12
EURUSD = 10
GBPUSD = 10
USDJPY = 7

As of Fridays close.

For BEJS I am going to try:

BE = (2 * RangeBarPips) + Profit
BEP = 5
JS = 1

So for USDJPY it would be 19/5/1

The other ones I am trying the same formula, will see what happens.
I am gonna try this way of range bar setting this week and see how it goes.

Also can you please make an option to either toggle between buy/sell or the option for the ea to revert to Buyer & Seller after a trade. Say after a buy trade the ea should not look only to sell. On Friday I missed out the eurjpy and gbpjpy because the buy trades had earlier been stopped out at break even. When I checked to see why the ea didn't take the buy again, it was showing SELLER. Just a user preferred option will do. Thanks again for all your great work.
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