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Hi, I was trying to develop something like this by using Ichimoku rules but I'm not good in programming yet.
Have you tested it without setting the kumo size to 300 and instead of this just setting the condition that Senkou Span A > Senkou Span B for Long entries and the opposite for Short entries?
It should allows to anticipate the entry point and get more profit.
It would be also interesting to test it on 4h timeframes and not only currency pairs but also raw materials like Crude Oil, Natural Gas etc.
If you like we can get in touch to discuss it better...
Thanks
I have used it without kumo size but it makes too many bad trades in ranging markets, the kumo filters that out. 300 may be too big and for most of the back tests and my live tests it is best between 80-200. It all depends how sideways the market is for a given time, the bigger the kumo the more delayed the trade entry will be.
After crafting and studying this program I have gain a much greater appreciation for the Kumo. I saw right away how the type of market directly affects the kumo size and I was able to use that to filter out sideways or ranging markets, in which the Ichimoku doesn't do so well. But after watching today's rate hike news, I saw how it also filters out news events. When you get a news or event spike it cause those big long bars on the candle stick chart. Those long candles squeeze the kumo to nearly 0. The longer the candle the more narrow the kumo. Looking at the H1 on the USDJPY the rate hike candle squeezed the kumo to what looks like 0. So, the point learned is that the kumo thins in linear markets so you can set the kumo threshold to filter out ranging markets and news events. Kumo magic!
hello, what parameters to optimize?
here is what i am running:
Do the mods in the earlier posts,
Settings are :
H4 time frame
Kumo threshold: 280
failsafe 0
failsafe closer multiplier .1
orderStopLossRisk .018
lots.1
MM true
ATR Period 12
ATR Multiplier 2
Risk 4
fixed balance 0
money risk 0
usemoneyinsteadofpercentage false
useequityinsteadofbalance false
lotsdigits 2
slippage 100
then in the code change the tenkan, kijun, senkou settings to: 8, 26, 39
WHAT HOURS DO YOU USE TO OPERATE THE ROBOT? IN NEWS YOU TURN OFF? DO YOU HAVE OPTIMIZATION FOR H1? I HAVE BACKTEST IN ANOTHER COUPLE LIKE THE EUR / USD WITH THE CHANGED CONFIGURATION BUT I HAD NO SUCCESS IN THE PROFITS. I ONLY HAVE GOOD PROFITS WITH THE USD / JPY 250% IN 50 DAYS.
Hi mjprater,
I am interested to know if there are any details you can provide regarding what each of these settings
are and how they are used. Is there a manual at all?
So far my testing has made a profit in two out of three attempts, with the first failing due to using
the default settings (I think). I am interested in performing more tests using the MT4 tester, mostly
on higher time frames such as H4 and Daily for USDJPY, but eventually I'd also like to try and
use it with any Forex pair.
Any details you can provide would be appreciated.
Thanks,
Ian
Ecco Quello che Sono in Esecuzione:
FARE I mods nia posta Precedenti,
Le impostazioni Sono:
Arco di tempo H4
Soglia Kumo: 280
fail-safe 0
fail-safe .1 Più Vicino moltiplicatore
orderStopLossRisk .018
lots.1
MM vero
ATR Periodo di 12
ATR Moltiplicatore 2
Rischio 4
equilibrio fisso 0
Rischio soldi 0
usemoneyinsteadofpercentage falso
useequityinsteadofbalance falso
lotsdigits 2
slittamento 100
poi Nella Modifica del Codice della tenkan, Kijun, impostazioni Senkou una: 8, 26, 39
I am running this in H4 but with the modified code I posted earlier. I was running in H1 but the results weren't as consistant. The H4 I get the best results, and on on more currency pairs. Best is on JPY's and gold
Here is an explination of the settings. Most you can leave as is:
//--------------------------------------
Kumo threshold: the size of the kumo for trade signal confirmation. Larger size kumo will delay trade entry, it filters out ranging markets and news spikes
failsafe : when set to >0 it will move the stoploss to break even when the price crosses the tenkan-sen. I suggest leaving it 0. I am planning on removing it all together
failsafe closer multiplier: settings at .1 will close 1k of your position every bar the price is opposite the tenkan-sen. only active if failsafe is >0. Again Im planning on removing this because it really doesn't work too well
orderStopLossRisk .018: this determines where the stop loss is placed. its is % risk of your account balance in decimal form .018 = 1.8%. The equation is (accountBalance*orderStopLossRisk)/lots
lots.1: this the amount of lots to use in a trade if MM is set to false
MM true: MM true uses ATR position sizing
ATR Period 12
ATR Multiplier 2
Risk 4: ATR position risk %, used in the lots calculation
fixed balance 0: use if you want to use less than your account balance to trade
money risk 0:
usemoneyinsteadofpercentage false
useequityinsteadofbalance false
lotsdigits 2
slippage 100
// the bold faced settings are the important ones - others I will most likely remove