Ichimoku a240 system

Tips:
Some traders email me asking why I do not trade on the swing high and low, like dojis, etc. OK, Yes, I do trade those levels but different. What I buy/sell is panic.
Yes, that is the zigzag, an order on the other side of a well formed bar, not doji. if a four hour bar go green from below t-line and crosses t-line, and then the price go all the way down the low on the next bar (engulfing) it means more of the buyers on the green bar are now in panic. what more of the traders do?. start selling, and then price will move at my favor. Also, if traders see that the previews move was down, they will start to jump in. That it is. Find emotional areas and play where panic may form. That is what moves the price. News? well, we will discuses that later.
we all will master this, just follow me and post your ideas here.
thanks, bauta

How to find the right a240 Trigger_Increments?
Make the chart full screen, then add a240 to the chart. Look at the two blue lines and the two red lines that forms above and below the last opened order or current price if not order is been opened.
Visually, try to make the distance between the blues or the reds no more than 50% of the last swing and no less than 23%. Try to make it a Fibonacci level.
If you set this parameter to zero, it will be calculated using an average of the daily ATR average.
On my next a240 EA release, I will default this parameter to zero, then we will adjust it from there.
If we go long, and price move down, we enter double to average long on a zigzag buy signal, but if the setup is unattended and we set the EA to Armed, then the EA will open positions near Fibonacci levels, where the price is expected to reverse.
If you set the parameter MoneyTakePrifit to zero, the EA will close all positions when Lot_Qty parameter multiplied by the Trigger_Increment is reached.
It is good to set MoneyTakePrifit to zero when the setup is failing, or price moves to the other side of the grid. if you set MoneyTakePrifit to 1 or 2, or some small amount, the EA will brake even. if you set this parameter negative, the EA will close with a loss.

bauta

Nice move and we are not in. It is OK. Note the bar never close above t-line and a rule is a rule.

bauta

Setup:
AUDUSD to buy
a240 Trigger set at 150

by bauta

Setup: AUDCAD entry order trailed down to 0.94656

Manage:
Target USDCAD. Draw an horizontal line at 1.29320 and name it closeAll.
It will close the position if touched.
I see a bottom formation here. I will exit and then re-setup if apply.

bauta

Targeted. Nice move, let's see what happens next.
bauta

a240Trader EA v100.005
Updated default Trigger_Increments to zero. It will calculate increments by averaging daily ATR(14) averages. I did found it is easier to adjust values from there as I mentioned on post 42
also, I did removed Max_Money_Loss parameter.
Some other fixes.

Please re-download it on post one.

thanks, bauta

AUDJPY:
Friend of my ask me about this pair. yes, It looks like a long setup but unfortunately I do not approve it because id did not zigzag, one green bar must close above t-line first, then a red close below t-line.

We setting the rules and they are simple, as we move forward we will master them. Discipline and consistence is important here.
For managing we will many more rules that we will be discussing here as they appear.
On the end, two or three months later, we may create a summary post to rule all out. for now I will be modifying the post 1.

I may named this system wrong, ichumoku is on the name but we are not trading ichimoku system, we are using ichimoko kumo and kijun as indicators only. time to time I may look at kumo future, or twists, etc. but that is not this trading system for.
Keep this simple, don't complicate it with indicators. Do price action may be ok here.

bauta

manage AUDCAD
setting a240 Trigger 120

Setup
GBPCHF order to sell at 1.4665
a240 trigger set to 150

by bauta

Manage. I will run unattended. set a240 EA parameters as follow: (Pair, Trigger, MoneyTakeProfit)
AUDUSD 120 2000
GBPCHF 150 2000
EURJPY 100 2000
EURGBP 60 2000
AUDCAD 120 2000

go to post 1 and update your EA one more time.

good luck!

update...still long the audcad, nzdusd and nzdcad...still looking good

setup:
CADCHF Sell at 0.7342, a240 trigger at 80

bauta

setup to buy
AUDJPY buy at 87.23, a240 trigger at 120

bauta

setup
CADJPY buy at 92.17 a240 trigger 90

bauta

setup Buy now.
GBPCAD Buy now, a240 trigger 200

bauta

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Please post your results,

thanks, bauta

ready to Rock'n Roll? US will release reports is 2 minutes. Let's see it on the charts.

Updates: (bar closed)
USDCHF order to sell at 0.9480 a240 trigger 100
EURUSD order to buy at 1.1453 a240 trigger 100
AUDUSD order to buy at 0.7350 (average up)
CADCHF trail to sell at 0.7354
GBPCHF trail to sell at 1.4687
GBPJPY order to buy at 183.586 a240 trigger 150
CADJPY trail to buy at 91.966
GBPCAD change a240 trigger to 180
AUDJPY trail to buy at 87.051