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[pilgrim]

Hi,
Please can you help me with the right indicator settings for Ichimoku.
 I read the following on

http://www.forex-tsd.com/general-discussion/157-ichimoku.html
        


Quote:
Originally Posted by lowphat
here are some settings which i havent had time to test as you said this method was created on a different trading time scale.
Tenkan Sen = 7 Periods
Kijun-sen =22
Senkou (clouds) = 44

On the D1 the settings is the classical one: 9; 26; 52. It is the best for D1 timeframe. For the H1 timeframe we may use: 120; 240; 480.

There are other settings:
- 6-12-24 (H1);
- 72-144-288 (M5);
- 12-24-120
- 12-60-120.

But it was seminar in Moscow in 2002 about Ishimoku and MACD and some people suggested to use 9; 26; 52 for D1 and 120-240-480 for H1 only.

But as a conslusion I may say the following settings:
M5 72-144-288
H1 12-24-120 or 120-240-480
D1 5-10-20 or 9-26-52
W1 9-26-52

But the most profitable and stable results were using the 9-26-52 on D1 and 120-240-480 on H1.

lowphat, may be 8-22-44?
Just 8 instead of your 7.
May be.
Last edited by newdigital : 10-27-2005 at 02:40 PM.
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Cheers,
 Pilgrim

[Kumo Trader]

Hi,
Please can you help me with the right indicator settings for Ichimoku.
 

Hi Pilgrim,

This is a perennial question that comes up with traders who are new to Ichimoku.  While we definitely encourage you to experiment on your own with different settings to see what the effect is, we all on the forum have found that sticking with the *original* settings of 9,26,52,26,26 is very effective.  In addition, by using the same setting as the rest of us, we can all speak about charts from the same perspective, which is very important when first learning the system!

Keep in mind that Ichimoku is a complete charting system and the components that make it up are all designed to work in concert with one another.  By tweaking one component's settings to one setting and another one to another setting, you are putting at risk the integrity of the system.  Believe me, Hosoda (the original creator of Ichimoku Kinko Hyo) spent years perfecting just the right settings and these are the standard ones of 9,26,52,26,26. 

My advice is to leave the settings as they are and concentrate on just learning how to read the charts using Ichimoku.  Tweaking the settings will just distract you from the important stuff - which is learning Ichimoku!

Best,

Ian

[pilgrim]

Hi Ian,
Thanks for that.
On my account with Oanda the default settings  are 7 22 44 should I change them to 9 26 52
 
Cheers,

Alan

[Odie]

Alan,

The FXCM has the same settings but I find that its easier to follow with the 9,26,52,26,26 settings that Ian recommends cause it will help us to be on the same page. It will save all of us from confusion.

Simon

[Kumo Trader]

Hi Ian,
Thanks for that.
On my account with Oanda the default settings  are 7 22 44 should I change them to 9 26 52
 
Cheers,

Alan

Hi Alan,

I would change the settings just to align your charts with the rest of us.  Once you "fly the nest" and depart the forum (that will never happen, right? ) and take your newly-amassed Ichimoku knowledge with you, then you can change the settings if you so chose.  But for now, I think you will get much more out of this forum if you set them to the standard settings of 9,26,52,26,26.

Best,

Ian

[pilgrim]

Hi Ian,
I did not mean to upset you by asking this question?
I just wanted to know what in your experience the best settings should be.
Two months ago I did not even know that one could trade forex  on line so I am very new to it all.
I can only find three setting on my Oanda trading platform, and now have changed them to 9 26 52.
Do the other trading platforms have areas for five settings? Sorry I am retired and also new to computers.
 

Thanks again for your help.

Cheers, Pilgrim

[Kumo Trader]

Hi Ian,
I did not mean to upset you by asking this question?
I just wanted to know what in your experience the best settings should be.
Two months ago I did not even know that one could trade forex  on line so I am very new to it all.
I can only find three setting on my Oanda trading platform, and now have changed them to 9 26 52.
Do the other trading platforms have areas for five settings? Sorry I am retired and also new to computers.
 

Thanks again for your help.

Cheers, Pilgrim

Alan,

Don't worry, I'm not upset at all by your question and hope I haven't given you that impression!  You are on the right track changing your Oanda Ichimoku settings to 9,26,52.  Yes, some other brokers allow you to change all 5 settings, but this is really a detail and nothing worth fretting about.  Just keep your settings on 9,26,52 and you are good to go!

Best,

Ian

[pilgrim]

Hi Ian,
Thanks for sorting out my setting problem. Now I can concentrate on learning Ichimoku.

Thanks again,

Pilgrim

[GeorgeW]

Hi,

I was the same, rememeber Ian? I also asked these questions.
I used all the suggested settings, and in the end found the standard are somehow better.
I still keep a chart with 7,22,44 on H4 just to see what does it show. I found these and the standard 9,26,52 the best for me. It's a bit strange, because on some pairs 7,22,44 looks better, but on most 9.26.52 looks very good.

I would not recommend experimenting with the other settings.

BR

George

[pilgrim]

Hi Ian,
Just a suggestion for new people.
On the wiki you state"The standard settings for an Ichimoku Kinko Hyo chart are 9,26,52,26,26."
Please can you add that most platforms only let you add three settings, all so which lines go with what numbers.
Oanda gives you three numbers to set without telling you what they stand for, and the Meta Trader gives you three setting to set and name them Tenkan-sen, Kijun-sen, and Senkou-Span B.
I know that new people always battle with these settings. I use 9,26,52 for both.

Cheers,
Alan

[Kumo Trader]

Hi Ian,
Just a suggestion for new people.
On the wiki you state"The standard settings for an Ichimoku Kinko Hyo chart are 9,26,52,26,26."
Please can you add that most platforms only let you add three settings, all so which lines go with what numbers.
Oanda gives you three numbers to set without telling you what they stand for, and the Meta Trader gives you three setting to set and name them Tenkan-sen, Kijun-sen, and Senkou-Span B.
I know that new people always battle with these settings. I use 9,26,52 for both.

Cheers,
Alan

Alan - good call.  I will update the wiki right now!

Best,

KT

[HUNTFX]

Ichimoku Settings -

This is a question hat has always come up eh? If I can add my .02USD, you will find that the standard setting of 9,26,52,26,26 are optimal for each currency pair, and applicable to many of the trading conditions that you will face. The true mastery to the settings of 9,26,52,26,26 of Ichimoku are also inherit to being able to transition from time frame to time frame within your analysis to discover the prevailing opportunities.

One of the biggest struggles that I find with Traders that are transitioning to Ichimoku is that they often find themselves in conditions that are not presenting opportunities - and it's at these times that adjusting the settings seems to be the best choice - in a nutshell what the Trader is doing is basically adjusting what I feel is a perfect system to meet an imperfect trading mentality.

Okay what does he mean?

Many times Traders - because of the "thirst" of wanting to execute will often manipulate systems to meet their inner needs to trade - creating opportunities where true opportunities are not available. This is a flawed thought process in the sense that this thinking is also the breeding ground for countless other psychological road blocks.

So in that  - The settings are good. Leave the settings as they are - you will find that in about 99% of your trading environments the standard 9,26,52,26, 26 are they purest settings you can use.

Cheers!

[fiveshorts]

Hi,

I'm new to the Ichi and very keen to learn. Thanks for a great resource!

The first thing I've noticed is that even at the suggested default settings of 9, 26, 52 the IKH chart in MT4 shows the clouds in very different places than the examples you've given (I assume using FireTonic?). I've matched the timeframe side by side as best I can, so you can have a look:

The uptrend shown in each example falls INSIDE the cloud on your example (top) and way below it on my MT4 example (bottom).
Any ideas why they should be so different? Who do we trust?

Many thanks.

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[grayghost]

Hi, Fiveshorts:

Your MT4 kumo lags the other kumo as if the parameters were shorter. Are you sure you're not using 7, 22, 44? If you would indicate the currency pair and date, and the dealer that is supplying the price, it would be easier to compare your chart with others. Some dealers, like North Finance, sometimes have anomalous spikes that distort the Ichimoku parameters, but that does not seem to be the case with yours.

Bob

[fiveshorts]

Thanks Bob.

I'm using Interbank FX Trader 4 (interbankfx.com) which uses the latest version of MetaTrader 4 as its platform, so pretty standard fare for a 'free' chart/broker package. Not sure exactly where the data originates from though...
The currency pair is AUDUSD on a daily timeframe, looking at approx mid Dec 2006 to present day. I took the timeframe from the chart posted in the boersman and Hunt daily trade for 02.20.2007, because I wanted to follow along with the trade (http://boersmaandhunt.com/?p=589), and it was then that I noticed a pronounced difference between the two charts.

I brought the two images into a paint program, overlaid and scaled one set of candles to more-or-less match the other, and the clouds are way different.

I've double-checked the MetaTrader settings and they are 9, 26, 52 (see attached).

I'm confused... thanks for your help.

[attachment deleted by admin]