120 Cloud System | Forex Factory

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Attachments: 120 Cloud System
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120 Cloud System

  • #1
  • First Post: Edited Jan 26, 2015 6:53am Jan 22, 2015 8:27am | Edited Jan 26, 2015 6:53am
Many thanks to Janfx for sharing his system and giving me the push to try this out.
Here's the link to his thraed.
http://www.forexfactory.com/showthread.php?t=522157

Here we trade any currency and the M1 (my favorite) TF.

INDICATORS
ICHIMOKU 120, 26, 52
GANN HILO 120
STOCHASTIC 14,2,2
FIB PIVOTS

ADDITIONAL INDICATORS
ICT BIG AND MID FIGURES
ICT ASIA SESSION
P4L CLOCK
MASTER PANEL DISPLAY CONTROLLER

BUY CRITERIA
1 Price above Ichi blue line
2 Gann Hilo blue
3 Stochastic is crossing up from O/S

Reverse for SELL

TARGETS
Pivot, S&R as set by the Fib Pivot indie;
BRN & RN

Stops are left to you to determine otherwise last swing low/high

Why 120? I use 2*60 as the average of the H1 time frame so I take it that I'm trading the H1 trend in M1

You may have to adjust your ICT Asian Session and Master panel display controller to fit your broker's platform.

Let's see how good this becomes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-01-22_15-19-17.png Size: 83 KB
Click to Enlarge Name: [AUDUSD,M1]_2015-01-22_11-48-37.png Size: 85 KB
Click to Enlarge Name: [GBPUSD,M1]_2015-01-22_15-05-05.png Size: 74 KB
Attached File(s)
File Type: rar 120 CLOUD.rar   464 KB | 1,686 downloads
File Type: tpl 120 CLOUD.tpl   124 KB | 754 downloads | Uploaded Jan 26, 2015 5:48am
File Type: mq4 Color Stochastic.mq4   5 KB | 918 downloads | Uploaded Jan 26, 2015 5:48am
File Type: ex4 Fibonacci Pivots.ex4   5 KB | 720 downloads | Uploaded Jan 26, 2015 5:49am
File Type: mq4 GannHiLo-Histo.mq4   2 KB | 795 downloads | Uploaded Jan 26, 2015 5:49am
File Type: ex4 ICT Big and Mid Figure.ex4   3 KB | 747 downloads | Uploaded Jan 26, 2015 6:51am
File Type: mq4 Market Panel Display Controller.mq4   26 KB | 732 downloads | Uploaded Jan 26, 2015 6:52am
Let it turn and find your entry.
  • #2
  • Jan 22, 2015 8:54am Jan 22, 2015 8:54am
THE UGLY

Trend following can get ugly during ranging periods like this, so the need for Loss ceilings cannot be over emphasized.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-22_15-31-24 UGLY.png Size: 79 KB
Let it turn and find your entry.
  • #3
  • Jan 22, 2015 9:35am Jan 22, 2015 9:35am
  •  moursi
  • | Joined Dec 2011 | Status: don't try to change the world .... | 78 Posts
subscribe keep going

PS
Color Stochastic.mq4 AND P4L Clock.mq4 NOT WORK IN MT4 BUILD 765
Rule #1: Never Lose Money Rule #2: Never Forget Rule Number One
  • #4
  • Jan 22, 2015 10:21am Jan 22, 2015 10:21am
Quoting moursi
subscribe keep going PS Color Stochastic.mq4 AND P4L Clock.mq4 NOT WORK IN MT4 BUILD 765
I'm using a build 765 as well and all indicators are working well.

For P4L clock you will have to check Allow DLL Imports in the common tab and switch back to the inputs tab.
I don't know why the Color Stochastic is not working, maybe you might need to refresh the template for it to activate?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-22_17-13-14.png Size: 110 KB
Let it turn and find your entry.
  • #5
  • Jan 22, 2015 1:05pm Jan 22, 2015 1:05pm
how do you set your stops? what is average RR?
Price is too tricky to handle
  • #6
  • Jan 23, 2015 1:12am Jan 23, 2015 1:12am
Quoting trikg
how do you set your stops? what is average RR?
Like I said in post#1 Last swing high/low RR is dynamic I like to use Round numbers and Big round numbers, Pivots and S&R as targets.
Attached Image (click to enlarge)
Click to Enlarge Name: [USDJPY,M1]_2015-01-23_08-05-03.png Size: 85 KB
Let it turn and find your entry.
  • #7
  • Jan 23, 2015 1:36am Jan 23, 2015 1:36am
ok a bit subjective because there is plenty of BRN and sr levels. is there an exit strategy?
Price is too tricky to handle
  • #8
  • Jan 23, 2015 2:06am Jan 23, 2015 2:06am
Quoting trikg
ok a bit subjective because there is plenty of BRN and sr levels. is there an exit strategy?
Subjective on the exits.
I left this trade (demo) cos I wanted LO to show where they wanted to take price, cos USD has been on a bullish rage.

When you are sure you are on the right side of the market, you can ride the trend and add to your positions.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-23_09-00-12 UJ Short.png Size: 88 KB
Let it turn and find your entry.
  • #9
  • Jan 23, 2015 4:04am Jan 23, 2015 4:04am
Quoting Intrepidpips
{quote} Subjective on the exits. I left this trade (demo) cos I wanted LO to show where they wanted to take price, cos USD has been on a bullish rage. When you are sure you are on the right side of the market, you can ride the trend and add to your positions. {image}
Most systems will give you great entries and exits, but with experience comes subjectivity.
Sometimes I get subjective with my entries and it turns out rewarding at times and times I just miss a good opportunity.

So I've learned to be objectively subjective, in the sense that I choose some entries by the level of the retracements attained.
I like price to retrace to Pivots, RN and BRN and S&R and historically you find better entry points and better RR from such levels.

In the screenshot, all 6 arrows mark valid entry signals but arrows 3and 6 were the most profitable and you'd notice had the better RR.
Arrow 3 was a retracement to a RN, while arrow 6 war a bounce off the Ichie trend (dynamic S&R)
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-23_10-56-46 UJ Subjective.png Size: 94 KB
Let it turn and find your entry.
  • #10
  • Jan 23, 2015 7:11am Jan 23, 2015 7:11am
MORE OBJECTIVE SUBJECTIVITY

This is a classic example of the kind of trend you can latch onto and ride, best targets would have been S1 and S2
Arrow1 would have hit my maximum SL (20pips) cos price retraced 40 pips.
With Arrow 2, price closed above the Ichie line but Gann Hilo was still red so adding the 120SMA which was red as well it validated a Sell when price bounced off it and Stoch turned in O/B.
Arrow 3 was a chance to add-on, move to BE and ride-on to target.
The Signal at Arrow 4 came as I was on the laptop but my thinking was "it might start to range from here on" so I missed at least another 20 pips.

There were some other Stoch turning in O/B but objective subjectivity nullified them though with a higher SL they would have been profitable but less risk less stress.

As I'm finishing this post, I see that had I taken Arrow 4 and exited subjectively at 20 pips I'd have been spared a loss cos EA just shot back up I don't know why.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-23_13-29-15 EA Objective Subjectivity.png Size: 80 KB
Let it turn and find your entry.
  • #11
  • Jan 23, 2015 1:45pm Jan 23, 2015 1:45pm
So sorry to do this but I promise this would be the last time on this thread.

I decided to change from 120 to 240 and add a SMA to the mix this gives a smoother MA and wider swing/reach.
So the Gann Hilo Histo, the Ichimoku and the SMA will henceforth all be period 240.

Recently I'd been working on D1 and H4 divergence and i thought I'd use the 240 which is H4 as my base (leaving the *2 for a while)

In the attached screenshot the Signal at Arrow1 was not at a very advantageous retracement it needed a higher SL but all the other signals retaced to some better levels and I'd be waiting for such retracements even though I miss those runaway signals that do not retrace to my preferred levels.
Attached Image (click to enlarge)
Click to Enlarge Name: [USDJPY,M1]_2015-01-23_20-37-49 240 TWIST.png Size: 97 KB
Attached File(s)
File Type: ex4 scMTF MA.ex4   5 KB | 658 downloads
File Type: tpl 240 CLOUD.tpl   135 KB | 646 downloads
Let it turn and find your entry.
  • #12
  • Jan 23, 2015 2:25pm Jan 23, 2015 2:25pm
Hi Intrepidpips

Thank you for this new System. I Like it (Its KISS).

But how do you avoid these Entrys? They are more often at the end of a Trend and you never know when the end is near.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 83 KB
  • #13
  • Jan 24, 2015 3:41am Jan 24, 2015 3:41am
Quoting eurix
Hi Intrepidpips Thank you for this new System. I Like it (Its KISS). But how do you avoid these Entrys? They are more often at the end of a Trend and you never know when the end is near. {image}
Good question Eurix, borrowing the words of Mark Douglas, "Technical Methods are designed to put the odds of success in our favor over a series of trades, problems come when we begin to believe that this new signal is gonna be a winner."

So there will be winning signals and loosing signals, some people increase their odds of winning by increasing their SL but sometimes they get burnt.
In that particular instance, Arrow 1 needed a 25pips SL while the BRN was more than 80 pips away (though the powers that be shifted the goal post),
Arrow 2 need a 30 pip SL to succeed, Arrow 3 was invalidated by the Gann Hilo color change, Arrow 4 needed a 30 pip color chip, Arrow 5 needed a 22 pip SL but was breached. Arrow 6 was invalidated again by the Gann Hilo color change.

What successful trading requires is for us to take all our trades and even add-on to our positions safely, take the losses in stride and at the end of the day or week we will come up on top. (over a series of trades)

This is a system in development and we might find some way to take the invalidated signals but we cannot rule out the losing signals.
Attached Image (click to enlarge)
Click to Enlarge Name: [EURJPY,M1]_2015-01-24_10-16-06.png Size: 83 KB
Let it turn and find your entry.
  • #14
  • Jan 24, 2015 3:54am Jan 24, 2015 3:54am
Quoting Intrepidpips
{quote} Good question while the BRN was more than 80 pips away (though the powers that be shifted the goal post), What successful trading requires is for us to take all our trades and even add-on to our positions safely, take the losses in stride and at the end of the day or week we will come up on top. (over a series of trades) . {image}
Immediately after the failure to hit the BRN (I'd have taken profit manually if I were in that trade), a bearish signal came and did > 1:2 RR so taking all the signals is the key to success.
Attached Image (click to enlarge)
Click to Enlarge Name: [EURJPY,M1]_2015-01-24_10-49-46.png Size: 79 KB
Let it turn and find your entry.
  • #15
  • Jan 24, 2015 5:51am Jan 24, 2015 5:51am
Great system and FUN, something that is lacking. I have added my own touch to this great system, I do hope it is taken in the spirit of aiding, rather than trying to change. The additional indies are helping I M H O to assist in Trend Direction and strength.
Attached File(s)
File Type: rar Fun system.rar   66 KB | 606 downloads
  • #16
  • Jan 24, 2015 10:03am Jan 24, 2015 10:03am
Thanks Intrepidpips

It is true we can not win all trades . But these trades sucks me a long time and i did not find a solution yet. I thougt you had found a solution. So there will be nothing left as to look further.
Thank you, maby we find one on this Thread. Sorry for my bad english. Google makes it possible
  • #17
  • Jan 24, 2015 10:26am Jan 24, 2015 10:26am
Quoting whaleback
Great system and FUN, something that is lacking. I have added my own touch to this great system, I do hope it is taken in the spirit of aiding, rather than trying to change. The additional indies are helping I M H O to assist in Trend Direction and strength. {file}

Hi Whaleback

Thanks for your Fun System.

So how do you trade this?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM2.png Size: 72 KB
  • #18
  • Jan 24, 2015 4:10pm Jan 24, 2015 4:10pm
Hi Eurix,

Please add this to your chart, its a custom colour coded volume indy. Now when you look at the chart, you will see that the small diamond wingdings line up with a Pink bar on the volume indy. What this is telling us is that the bar has less volume than the previous two bars. Perhaps another chart will help explain it in more detail
Attached File(s)
File Type: mq4 ##VSA-Coloured Volume v2.03 - Copy.mq4   9 KB | 564 downloads
  • #19
  • Jan 24, 2015 4:27pm Jan 24, 2015 4:27pm
thanks

could you please put the indicators and template

some people unable to get the files from the a compressed format
  • #20
  • Jan 24, 2015 4:48pm Jan 24, 2015 4:48pm
This chart should explain it better
Attached Image (click to enlarge)
Click to Enlarge Name: One minute chart.jpg Size: 721 KB
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