Ichimoku cloud burst ea (Ichimoku cloud burst ea) - MT4/MT5 resources
Hi,
This is inspired by zaman's manual trading system ICHIMOKU CLOUDBURST which has been commercialized and the idea here is to make an EA based on the ICHIMOKU Cloudburst principles discussed in the thread
http://www.forexfactory.com/showthread.php?t=290062
The requirements of the EA are very simple, it will trade on the range bar screen and based on the 9 26 52 cloud and matrix settings. Details of the metrics files can be found in the ichimoku cloudburst thread.
For a sell trade we need to place the stop loss above the Seknou SPAN A value plus 3 pips; for a buy trade we have to place it below the Seknou SPAN B value minus 3 pips
As the Seknou SPAN A and SPAN B values change from transaction to transaction, the value of SL should keep changing.
As for TP, we can keep it at 10 points and track the 10 point gap from there.
I have attached a sample ICHIMOKU EA which can be used for trading but needs improvement in the stop loss and take profit areas. There are also some features that need to be turned off.
==============================================
We've made some good progress and here's the latest version from EA
Version 7 >>>http://www.forexfactory.com/attachme...4&d=1332953530
Version 8 >>> http://www.forexfactory.com/attachme...6&d=1333774929
This is inspired by zaman's manual trading system ICHIMOKU CLOUDBURST which has been commercialized and the idea here is to make an EA based on the ICHIMOKU Cloudburst principles discussed in the thread
http://www.forexfactory.com/showthread.php?t=290062
The requirements of the EA are very simple, it will trade on the range bar screen and based on the 9 26 52 cloud and matrix settings. Details of the metrics files can be found in the ichimoku cloudburst thread.
For a sell trade we need to place the stop loss above the Seknou SPAN A value plus 3 pips; for a buy trade we have to place it below the Seknou SPAN B value minus 3 pips
As the Seknou SPAN A and SPAN B values change from transaction to transaction, the value of SL should keep changing.
As for TP, we can keep it at 10 points and track the 10 point gap from there.
I have attached a sample ICHIMOKU EA which can be used for trading but needs improvement in the stop loss and take profit areas. There are also some features that need to be turned off.
==============================================
We've made some good progress and here's the latest version from EA
Version 7 >>>http://www.forexfactory.com/attachme...4&d=1332953530
Version 8 >>> http://www.forexfactory.com/attachme...6&d=1333774929
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