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Help with this system, could be a keeper!

  • #1
  • First Post: Feb 17, 2016 3:43pm Feb 17, 2016 3:43pm
Hi Guys

I've been playing around with a short term breakout strategy whilemessing around with the CCI-TDI strat in the other thread. This is an extremely simple strategy and I'm sure a few of you guys will love it. Yes, I will admit it, I sorta stole this thread idea from Invermac.

Pretty obvious what I'm doing here.... The interesting part is where I set my SL's and TP's

I am a big fan of setting my SL's at a fixed amount of my account. I usually dig a little deeper in to my pocket when my confidence is high and risk up to 3% per trade. So with that said here are the SL's and TP's:

Chart: M5
Trading Hours: London/European trading hours

Long entry:
SL; distance to lower Kumo line
TP; the exact same distance in your trading direction

Short Entry:
SL; distance to upper Kumo line
TP; the exact same distance in your trading direction

Attached Image (click to enlarge)
Click to Enlarge Name: 1702c.PNG Size: 36 KB


As you can see, three winning trades today and the only losing trade was...... Drumroll please, after London closed

Now, I need some help with an additional indicator. Who can help me out?

Thank you
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #2
  • Feb 18, 2016 2:57am Feb 18, 2016 2:57am
So far, so good. The simplicity is awesome. Every trade except for the GBPNZD (0.51 lots) trade were based on this system. Again, using a 1:1 R/R ratio.

Attached Image (click to enlarge)
Click to Enlarge Name: 1802.PNG Size: 70 KB


Has anyone tried this out?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #3
  • Feb 18, 2016 3:37am Feb 18, 2016 3:37am
A few more winners, loving this strategy!


Attached Image (click to enlarge)
Click to Enlarge Name: 1802a.PNG Size: 38 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #4
  • Feb 18, 2016 7:28am Feb 18, 2016 7:28am
Easy pips!

Attached Image (click to enlarge)
Click to Enlarge Name: 1802b.PNG Size: 82 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #5
  • Feb 18, 2016 7:42am Feb 18, 2016 7:42am
Hi im looking but didnt understand the entry point. Whats the strategy?
  • #6
  • Feb 18, 2016 7:44am Feb 18, 2016 7:44am
Quoting dnabrasil
Hi im looking but didnt understand the entry point. Whats the strategy?

Simple crossover through the cloud. You can add whatever you want, maybe trade only in trend direction or possible the complete opposite. Maybe trade only when volatility picks up.... However you like. Just use me R/R and you should be fine and do not trade before or after London/Europe hours...

Good luck
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #7
  • Feb 18, 2016 8:10am Feb 18, 2016 8:10am
Hi Shemski, can you detail your version please?
  • #8
  • Feb 18, 2016 9:06am Feb 18, 2016 9:06am
Quoting shiva
Hi Shemski, can you detail your version please?
Standard Ichi settings, 9, 26, 52.

Again, just be wise of which direction you are trading. If you see price consistently breaking through the cloud, then go for it. If it bounces around one of the Kumo's then lay off it! A little common sense always helps.

Any ideas regarding another indicator?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #9
  • Feb 18, 2016 9:29am Feb 18, 2016 9:29am
Quoting Shemski
{quote} Standard Ichi settings, 9, 26, 52. Again, just be wise of which direction you are trading. If you see price consistently breaking through the cloud, then go for it. If it bounces around one of the Kumo's then lay off it! A little common sense always helps. Any ideas regarding another indicator?
Thanks, have you considered adding a moving average? Perhaps EMA 12
  • #10
  • Feb 18, 2016 9:37am Feb 18, 2016 9:37am
Quoting shiva
{quote} Thanks, have you considered adding a moving average? Perhaps EMA 12

Yes, didn't really help. Tried two MA's, tried a Chakin, ADX, TDI, even tried an RSI indy... Nothing is really doing it. Maybe a Non-Lag...??? Yeah, I'll try that!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #11
  • Feb 18, 2016 9:51am Feb 18, 2016 9:51am
Yes, Non Lag does indeed help. Thanks for pointing me in the right direction!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #12
  • Feb 18, 2016 10:32am Feb 18, 2016 10:32am
thanks for sharing this system.
about your trading time, during all the London/Europe hours(about 8 hours)?or just London/Europe session before the Amercian Session?
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  • #13
  • Feb 18, 2016 11:03am Feb 18, 2016 11:03am
Quoting goodexp
thanks for sharing this system. about your trading time, during all the London/Europe hours(about 8 hours)?or just London/Europe session before the Amercian Session? {image}

No, pretty much until 4PM GMT. i'm done for the day. Great day it was. Have you tested the system? Results, comments, etc??
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #14
  • Feb 18, 2016 1:28pm Feb 18, 2016 1:28pm
just now do backtest manual with a trading simulator tool,
here is repot with last three days eurusd.only use ichimoku. ENTRE crossover through the cloud. OR touch the cloud and back.
sl:tp is 1:1 /1:2/1:3
maybe i need more practice or find the right way to entre
Attached Image (click to enlarge)
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  • #15
  • Feb 18, 2016 2:01pm Feb 18, 2016 2:01pm
Quoting goodexp
just now do backtest manual with a trading simulator tool, here is repot with last three days eurusd.only use ichimoku. ENTRE crossover through the cloud. OR touch the cloud and back. sl:tp is 1:1 /1:2/1:3 maybe i need more practice or find the right way to entre {image}
A) That looks profitable
B) What time zone is that? If that is CET than you kicked a$$!!! Get rid of all trades after 17:00
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #16
  • Feb 18, 2016 2:04pm Feb 18, 2016 2:04pm
test is in gmt+2 time,so about 9:30-18:30 (gmt+0 7:30-16:30),the picture time is change to my local time.
  • #17
  • Feb 18, 2016 2:25pm Feb 18, 2016 2:25pm
Quoting goodexp
test is in gmt+2 time,so about 9:30-18:30 (gmt+0 7:30-16:30),the picture time is change to my local time.

Sorry, I don't completely understand... Maybe I'm just too tired. Were all of those trades taken ONLY during the London session?

Btw, I get a daily profit of $37.43 with those trades you listed. That with micro lots is pretty good if you ask me. You beat the S&P, almost all hedge funds and made every bank on this planet look like a novice....

--->>>> Again, SL and TP should be exactly the same! Feel free to move them, but only in a positive direction.

Your win rate is also above 50%. As long as you are your R/R is 1/1 or more and your win rate is over 50%, you willalways make money!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #18
  • Feb 18, 2016 3:24pm Feb 18, 2016 3:24pm
OK, I think I got it:

Throw the Non Lag Dot indy on top of it. These are the rules:

Chart: M5

Trading Hours: London/European trading hours

Long entry:
Take long trade when:
a) Price breaks above upper Kumo line and closes above
b) NonLagDot is below closing price of candle
c) NonLagDot is Blue
SL; distance to lower Kumo line
TP; the exact same distance in your trading direction


Short Entry:
a) Price breaks below lower Kumo line and closes below
b) NonLagDot is above closing price of candle
c) NonLagDot is Red
SL; distance to upper Kumo line
TP; the exact same distance in your trading direction

Goodluck and pleaselet meknow how it works.

Btw, extremely interestedin an EA if anyone has time.

Good night
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #19
  • Feb 18, 2016 9:13pm Feb 18, 2016 9:13pm
Could you take a sample with pic?

Thanks
  • #20
  • Feb 19, 2016 7:41am Feb 19, 2016 7:41am
Attached Image (click to enlarge)
Click to Enlarge Name: 0.jpg Size: 45 KB

just now eurusd short hit tp.
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