Took the CADJPY Weekly KS Pullback earlier on. Free trade now. Looking to test the 106
Hi,
I've taken a sell position on the EUR/USD based on the Ichimoku trading system. First trade with this system. Realized later that the lines didn't really cross but still keeping this trade.
SL at 1.15220.
I've taken a sell position on the EUR/USD based on the Ichimoku trading system. First trade with this system. Realized later that the lines didn't really cross but still keeping this trade.
SL at 1.15220.
- #17,071
- Edited 6:13am Mar 1, 2015 5:50am | Edited 6:13am
- | Joined Jun 2010 | Status: Trader | 187 Posts
Hi all,
I trade a demo account using the Ichimoku indicator. Well I use only the Kijun of two timeframes. I trade the 15M chart with Kijun 26 and Kijun 52 and a 6sma ( simple moving average ), We trade only in the direction of the 6sma. The two kijuns needs to be aligned one below or one above the other.
A buy trade is triggered when Kijun 26 is above kijun 52 and candle price close is above 6sma. Similarly a sell trade is triggered when kijun 26 is below kijun 52 and candle price close is below 6sma. I do manual testing and trade manually and this is very profitable setup. Fixed stop loss 17 pips TP is usually 30 to 80 pips. We close a buy trade if a candle close is below the 6sma, and similarly we close a sell trade if candle close is above the 6sma. And further more, if the buy is triggered above the daily open or a sell is triggered below the daily close, the trade is likely to continue many a times for more than 80 pips and nearing to 110 pips.
I am looking for some experts to code an alert indicator to show the two Kijuns aligned and candle price close is above or below 6sma. Once a trade is triggered and we are in the trade, the indicator should also give an alert for a candle close above or below to help us decide to either close the position or continue. Example : After a buy alert, A buy trade is triggered and there is an open position. Once this is done, the indicator should now check and alert for the first close of the candle if it closes below the 6sma. NO ALERT SHOULD BE TRIGGERED UNLESS THE CLOSE OF THE CANDLE IS BELOW THE 6SMA ( AFTER THE TRADE IS IN PROGRESS ) Similarly for sell . A GBBUSD chart is attached.
In the chart, the first trade is triggered on 26th Feb at 10.30 hours. The immediate next candle is below the open price of the day. The trade was 128 pips profitable.
The second chart when all conditions are met is at 15.15 hours on 27th Feb. This trade was profitable for 39 to 40 pips. The trades have been marked as A and B respectively.
Monitoring this setup for various pairs manually is cumbersome and hence this request for an indicator. Expecting help from MT4 experts and coders. Thanks in Advance .
Regards
EDIT : ANOTHER CHART OF USDJPY. Trade A + 41 pips Trade B only 7 pips but closed early due to candle close above the 6sma. Trade C Retracement 11pips and went up only for 8 pips initially. Then again went up to 39 pips.
I trade a demo account using the Ichimoku indicator. Well I use only the Kijun of two timeframes. I trade the 15M chart with Kijun 26 and Kijun 52 and a 6sma ( simple moving average ), We trade only in the direction of the 6sma. The two kijuns needs to be aligned one below or one above the other.
A buy trade is triggered when Kijun 26 is above kijun 52 and candle price close is above 6sma. Similarly a sell trade is triggered when kijun 26 is below kijun 52 and candle price close is below 6sma. I do manual testing and trade manually and this is very profitable setup. Fixed stop loss 17 pips TP is usually 30 to 80 pips. We close a buy trade if a candle close is below the 6sma, and similarly we close a sell trade if candle close is above the 6sma. And further more, if the buy is triggered above the daily open or a sell is triggered below the daily close, the trade is likely to continue many a times for more than 80 pips and nearing to 110 pips.
I am looking for some experts to code an alert indicator to show the two Kijuns aligned and candle price close is above or below 6sma. Once a trade is triggered and we are in the trade, the indicator should also give an alert for a candle close above or below to help us decide to either close the position or continue. Example : After a buy alert, A buy trade is triggered and there is an open position. Once this is done, the indicator should now check and alert for the first close of the candle if it closes below the 6sma. NO ALERT SHOULD BE TRIGGERED UNLESS THE CLOSE OF THE CANDLE IS BELOW THE 6SMA ( AFTER THE TRADE IS IN PROGRESS ) Similarly for sell . A GBBUSD chart is attached.
In the chart, the first trade is triggered on 26th Feb at 10.30 hours. The immediate next candle is below the open price of the day. The trade was 128 pips profitable.
The second chart when all conditions are met is at 15.15 hours on 27th Feb. This trade was profitable for 39 to 40 pips. The trades have been marked as A and B respectively.
Monitoring this setup for various pairs manually is cumbersome and hence this request for an indicator. Expecting help from MT4 experts and coders. Thanks in Advance .
Regards
EDIT : ANOTHER CHART OF USDJPY. Trade A + 41 pips Trade B only 7 pips but closed early due to candle close above the 6sma. Trade C Retracement 11pips and went up only for 8 pips initially. Then again went up to 39 pips.
- #17,073
- Mar 25, 2015 6:13pm Mar 25, 2015 6:13pm
Is Ichimoku not just a bunch of 4 moving averages? 1. Tenkan Sen 2. Kijun Sen 3. Senkou A 4. Senkou B Including the last 2 which make up the "cloud"? The only add-on I would say is the Chikou Span and the forwarded projection of Senkou A&B. But other than that, in the end it comes down to these 4 MA's. Am I wrong? If so, what is so special about Ichimoku?
Ichi gives you great overview of the market and it's sentiment and many have traded with ichi profiable
