Greg68E
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Posts: 4
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« on: August 09, 2007, 01:48:36 PM » |
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I know the person who trade with Ichimoku system, he use Metatrader 4 and permit to see how he trade,
On MT4 open Tools options and put:
Login : 74914
Investor Pwd : QiS7E2aYfE5V (read only password)
Server : 69.59.137.196
he use periods 8 34 144,
please comment his decisions.
Sorry but English is not my best well-known leanguage
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atric
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« Reply #1 on: February 17, 2008, 03:18:44 PM » |
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nice configuration, would suggest 8/26/130 for a 30 min chart horizontal shift 1
and there is smthg missing but if i see that i get interest i might improve the conf.
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Matfx
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Posts: 23
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« Reply #2 on: August 19, 2008, 05:36:08 AM » |
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I know the person who trade with Ichimoku system, he use Metatrader 4 and permit to see how he trade,
On MT4 open Tools options and put:
Login : 74914
Investor Pwd : QiS7E2aYfE5V (read only password)
Server : 69.59.137.196
he use periods 8 34 144,
please comment his decisions.
Sorry but English is not my best well-known leanguage
Which broker the person use? |
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hardyfoster
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« Reply #3 on: August 20, 2008, 06:04:23 PM » |
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i wonder matfx if they are missing the whole purpose of the line chart
you can use any settings you want on ichimoku,
price respects the different levels either way, there are no magic settings
you could use 5,10,20
or 20,50,200
or stay wiith 9,26,52
overall, it's knowing how to use the line chart and proper market analysis of the monthly ,weekly,daily,4 hour charts to know what is going on with a pair
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sunman4008
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« Reply #4 on: August 26, 2008, 06:31:05 PM » |
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Hello,
Great feedback hardyfoster.
Too many people get caught up with looking at the formula and trying to modify the parameters based on how the modern timeframe has changed.
I have been trading Ichimoku for two years now. I have never modified my settings. They are the same original settings.
The key is the strategies along with the Ichimoku rules you use.
When you decide to trade a new instrument, you have to see how price respects the Kijun Sen. If it doesn't during a trend, I don't trade that instrument. This is part of my trading plan.
-Manesh
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empy
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« Reply #5 on: August 29, 2008, 08:45:29 PM » |
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Time frames where my big questions when I first found this forum.....ultimately I believe that the standard settings are the ones.....but understanding what each and every line represents and the strength of the signals.....all avaialble on this website are the keys to making the trade
For me the best of all is the no trend = no trade.....it has helped me more than anything in my overall trading plan
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sunman4008
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« Reply #6 on: August 30, 2008, 08:34:43 AM » |
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Empty,
That is Correct!
No trend, no trade. That is the basic concept of Ichimoku......trade the trends.
In the future, I will be defining other Ichimoku strategies where you can enter countertrend trades. I currently use various strategies which allow me to play every part of a chart i.e. trends, countertrends, consolidation, etc.
Also, everyone should master one timeframe before they start to look at other timeframe. If someone can't master Ichimoku on a daily timeframe (slower) then they definitely won't be able to win with Ichimoku on a lower timeframe.
-Manesh
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KijunSen
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« Reply #7 on: November 18, 2008, 01:03:54 AM » |
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Hello all there !
Please ask for Ichimoku.
What is weak and strong points of Ichimoku ? Do we need combine with other indicators ?
Tks !
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No trend No trade
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jer92fx
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« Reply #8 on: May 26, 2009, 10:49:10 PM » |
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I have backtested with a colleague of mine the ichimoku on matlab, and the result is simple, on each assets(Forex 20 pairs, and also on indexes) the result are showing 70% of the time the ichimoku strategy are better than the forex, or index.
Moreover, the most incredible is on simulated figures, we made 100 000 simulation(considering 1 simulation=1 day) and the result is similar 72%, so means the strategy is very stable, but I am looking to just add a RSI or another indicator to errase some noise , combining to a strong money management based on the volatility, it s the only solution to reduce some risk of wrong signals.
Btw tks for the video, and good luck to everyone
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vernerhardy
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« Reply #9 on: May 27, 2009, 12:10:39 AM » |
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the results of your test is influenced by your entry and exit methods.
so, what did you enter and exit a trade on ?
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sunman4008
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« Reply #10 on: May 27, 2009, 11:02:28 AM » |
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Hello,
Also, a 70% doesn't mean anything if it is not profitable. The idea of a successful Ichimoku system which is the same as trend model is to minimize losses when you are wrong and maximum profits when you are right. Basically, our winners will be big profits taking care of all the loses and giving a nice profit.
Therefore, you can have a successful system where you have more losers then winners.
-Manesh
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writer35
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« Reply #11 on: June 25, 2010, 03:36:04 AM » |
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An economic forecaster is like a cross-eyed javelin thrower: they don't win many accuracy contests, but they keep the crowd's attention. Anonymousforex trading journal |
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kristinprince11
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« Reply #12 on: January 11, 2011, 10:46:52 AM » |
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How does it really work?
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venkatagiri163
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« Reply #13 on: January 12, 2011, 05:03:29 AM » |
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Manesh
hv u released any videos on youtube on trading the countertrends.
if you sit and watch the charts constantly , the price action in trend is faster and on the countertrend it is slower. I take this confirmation along with ichi.
venkatagiri.
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arco
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« Reply #14 on: January 17, 2011, 01:10:00 PM » |
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How does it really work?
Study as much information as you can about the subject and then you will have a better idea |
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