Ichimoku a240 system

see first post.

Sell setup:

do you understand the zigzag now? please let discuss it.
bauta

Here is where an EA comes handy. It is 10.30PM here and I want to go to sleep, but I have pending orders. What is going to happen if they trigger.
I may write an EA for managing the a240 setups, for now I am going to use my ExpandingGrid_v103.015 EA to manage it.
This is how to setup it:
Download and drop the EA to the charts, change MagicNumber to 0 (zero), change TradeStyle to symmetry and then set CONTINUE to false. DO NOT FORGET this last one. If you don't set CONTINUE to false, it will open an order immediately.
Now observe the blue/red lines, change Grid_Increments till the lines are at the desire stop/target level. I am setting up 50 to all of them here.
Note that the EA will not stop loss the position, if the stop is triggered, the EA will average down as I mentioned in the first post.
At this point, the EA should read ** DISABLED **. don't worries, it will activate if an order trigger.
Once again, set MagicNumber o zero, Grid_Increments to 50, TradeStyle to symmetry and CONTINUE to false.
Now I can go to sleep.
See you all in 8 hours. Good night and good luck trading!
bauta

Before I go bed,
EURJPY setup:

bauta

a240 Trader v100.001:
I did create an EA, unlooked, to manage Ichimoku a240, I did name it a240Trader. I do recommend you to keep default values.
Note this EA will be used when setups becomes unattended.
I highly recommend to trade this system manually.
When using this EA, your results may differs of mine because the different time zones, I may go to sleep when you are awake.
The EA average down positions if they go south, target when they go north. Average down and target are calculated by Trigger_Increments parameter, this value is in pips.
I learned that setting this value too small (Trigger_Increments) end up opening too many positions. Go big, 500 or so. Later I will explain how use lineTrader that is already build in this EA.
I will also attach this EA to the first post to keep everything in one place. Check regularly the first post for new file releases or parameter defaults.

Download it at Post 1 (a240Trader)

Stay tuned..
thanks, bauta

GBPJPY and USDCHF: Closing all positions even here. Setups need to be revised.
bauta

Setup:
AUDCAD to buy

by bauta

Setup:
NZDUSD. This pair is too much on the upside and a retracement to the Fibonacci levels may occur. Anyway, to keep thins clear, setup rules are valid.
I am placing an order to but at 0.6710

PS: I did update Post 1. I did add simple rules of thumb.

by bauta

***FREE SIGNALS***
if you want to demo my signals, I am offering then per free, at Meta Quotes signal provider.
Copy free signals here:
https://www.mql5.com/en/signals/138645

Please post your results,

thanks, bauta

a240Trader EA LineTrader feature usage:
Draw a horizontal line on the chart at the desired level, and then Name it as: (case sensitive, line will change color if activated)

takeProfit --it Will close all the positions at profit. Not all traders.
closeAll ----it Will close all positions. It can be used either for target or stop.
neutralize -it will made long quantity equal to short quantity. Good for indecision stages.
targetBuy -it will close all long positions.
targetSell -it will close all short positions.
buyStop ---it will buy stop. Quantity must be entered on Description.
sellStop ---it will sell stop. Quantity must be entered on Description.
buyLimit --it will buy limit. Quantity must be entered on Description.
sellLimit ---it will sell limit. Quantity must be entered on Description.

By Bauta, 2015

a240Trader EA v100.003:
Added a bottom to easily switch between Armed and Disarmed. Bug fixes.
When disarmed, lines will continue updating and lineTrader feature will no be disabled.
Please re-download here or on the first post.
thanks for your support,
bauta

My technics:
AUDUSD as sample:

Here is how I play this, first, the retracement is good and nice, price is testing kumo and Fibonacci, the setup is long.
Simple rule, it is above kumo.
because price is below kijun, kijun and t-line, here I do wait for at least one green bar, then a red after the green, it can be the next or the other, don't matter.
I do place the order to buy above the red bar and above t-line. In this scenario, we need to wait at least 8 hours. (two bars)
what may happen here is that we lose the entry, well!, the idea is not to lose the money. a new setup will comes shortly.
after we all get the tactics and the system works, I will be increasing the order quantity (lot size).
let me know your opinions, don't let me play this alone. Remember, I do not selling these technics.
thanks for your support, bauta

Bauta,

Please info your ichi setting.

Thanks,

I don't know if the forum moderator will allow me to post that many times. I will review the terms, and if so, I will post more frequently.

bauta

for the chart settings, download ichimomu_a240.tpl on post one.
in the chart I have ichimoku kumo cloud and kijun-sen; and EMA(9) red line. That is it. the other elements of ichimuko are hidden. I do like clean charts.
bauta

Scenario:
USDJPY is trading in a range for long ago. Some traders do not like ranges, but here is how I play it.
if the green bar closes above t-line, I will place a sell order below it. in the future, for this type of scenario you should go with small quantities, here 0.01.
you may said, ha, that is going up again and it will be a loss trade, well, depend of how you manage it. if the order get triggered and the trade go south then I place an order to sell the double of the last qty (0.01x2) 0.02 at about the meddle of the range, the target now is the first order, who is the bottom.
if it still go against me, then I place an order to sell doubling the last, now 0.02x2 (0.04) at about the top of the range, now my target is on the middle of the range. price tend to pullback before breakout.
if still don't go wit me and price breakout to the upside, I wait till all buyers buy and move it higher and higher, then I place a order to sell there on the top doubling the last, now 0.04x2 equal 0.08. My target will be near the top of the range breakout, now it is resistance.
in the case of breakout, if price is above kumo, I setup a different trade set, using different magic number to go long. this set offset margin requirements and soften the loses. (no FIFO complaint)
Note that if my three orders executes then the market moved too much to the upside. it must retrace before continue. in the retracement is where I get even or lock little profits.
NOW, if the first order play well we will have a nice break down.
What is needed here? Money. Please do not trade forex, options or futures markets without money, you will lose it all.

by bauta

ok, going to sleep here, arming a240 EA on the charts to manage overnight as fallow (Pair, Trigger_increments, MoneyTakeProfit)
GBPUSD 110 2000
USDCAD 100 2000
NZDUSD 100 0
EURJPY 100 2000
AUDCAD 120 0

Good night and good luck!
bauta

Ok.
Thanks bauta

GBPUSD
the EA should not close the position here, we set target to $2,000.00
I will fix the bug and I will post a new release shortly.
anyway, it is a won trade.

bauta

a240Trader EA v100.004

Bug fixes, please re-download on post 1

thanks, bauta