Great technique for beginners...

[Akash]

Originally Posted by Actn

Good stuff Akash. Trying to build up learn your experience. So thanks!
Its amazing how the buy/sell 'signals' change when you view the chart in a 5min-15min-30min-1day ( others) period. Buy one chart could turn out as a sell another. Its utterly confusing to noobs like I.
For your purpose you said you used a 15min time frame did you realize profits (or loss) using the same 15min chart or did you switch 15min to a higher/lower time chart? You mentioned you used EMA 20 how did you figure out it should be 20 not anything lesser/larger? Does one need to change the figure (20 to something else) if changes the view of charts timeframe?
There are some parameters in Ichimoku did you play with them as well or the defaults were used?
God bless.

Hi Actn
Hey don't thank me I'm learning myself you other people on these forums . My experience is probably as much as you have if not less.
You are absolutely right about the mixed buy/sell signals on different time frames but I believe that the 30 min time frame is the safest. I saw profits on the 15 min time frame too but later I realised that all that the Kijun-Sen line is doing is helping me realise that I am in a trend. So higher the time frame stronger the trend caught. So 30 mins is the perfect time frame as you do get quiet a few trades as you can see in my previous post they are pretty safe. As for the 20 EMA I found it to be perfect for the 15 30 min charts as it turns at just the right time not too long after the trend has started not too early before it starts. If you change the time frame you will need to experiment with the EMA but I guess the 20 EMA will do on almost any time frame.
I did eventually check out what the other parameters of the Ichimoku are for but didn't really play around with them much as the Kijun-Sen really caught my attention.
Let me know if you got any more doubts.
Rockin' Tradin'
-Akash

[Akash]

Originally Posted by traderone

YOur slightly off on your pip total. You only made 25 pips on August 25. You added a loss instead of deducting. So you only made 440 pips for the week

If I ever did that in a month I would do hsts. The forward trading will tell the real tale. Good luck.

Hi Traderone
Thanks for correcting me on that. Also the above results are not backtested they are all forward trading just that I did it on paper instead of a demo account. Set stops limits when I was out. When I was at home I manually trailed the profit limits.
Rockin' Tradin'
-Akash

[Akash]

Originally Posted by web

4 days into my paper trades using MT4 I have one question:

Sometimes I read of people placing a 15 pip S/L on thier trades. I noticed that I never can get anythin less than around 20 pips S/L.

Does the S/L varie per software? per timeframe? or does it vary depending on the current spread volatility of the currency p?

Hi Web
That's quiet strange I never tried to place stops in MT4 so I really can't comment but all of the other platforms that I've tried allow stops that are 5 pips away price. Are you sure that the price wasn't too close to the stops you were placing?
Rockin' Tradin'
-Akash

[Akash]

Forgot to add what I made on GBP on Monday... it was 80 pips [img]images/smilies/biggrin.gif[/img]...So the new total is (hold your breath all) 520 pips. Let's just hope it stays this way once I start live trading with it [img]images/smilies/wink.gif[/img].
Rockin' Tradin'
-Akash

[traderone]

If it does stay that way will you please let us know???

I would be thrilled to see you make half of that amount per week

[Akash]

Originally Posted by traderone

If it does stay that way will you please let us know???

I would be thrilled to see you make half of that amount per week

Hi Traderone
I surely will let everybody know about next week's results. Quiet frankly I would be happy making just 1/4th the amount that I made this week.

Rockin' Tradin'
-Akash

[rollingstone]

Hi Akash

Looks to be a nice system I have looked into this before it is quite promising still a f bit of decision making required though for instance deciding when the 20 EMA is too close.

I have looked at some old charts but this system cannot really be backtested as the moving average moves as the cle develops for instance in the example below the highlighted cross of the KS line doesn't look like a trade because the moving average is flat but when watching this live when the price initially pieced the line the moving average was pointing down only went flat again when the cle retraced.

Don't know of any way round this problem.

[Akash]

Originally Posted by rollingstone

Hi Akash

Looks to be a nice system I have looked into this before it is quite promising still a f bit of decision making required though for instance deciding when the 20 EMA is too close.

I have looked at some old charts but this system cannot really be backtested as the moving average moves as the cle develops for instance in the example below the highlighted cross of the KS line doesn't look like a trade because the moving average is flat but when watching this live when the price initially pieced the line the moving average was pointing down only went flat again when the cle retraced.

Don't know of any way round this problem.

Hi RollingStone
You are absolutely right about the EMA curling up while the cle is forming then going flat once the cle has formed. I have found this to be a problem too. This is something I'm trying to work out. I guess the farther the EMA the KS line the safer the trade because then you know before h that it really has turned. But looking at the overall picture there are more profits than losses considering that this is a shades of gray trade this strategy looks rather good as it helps you catch the trend pretty quickly. But there are obviously some glitches that have to be worked out. What I was trying to do was- let price cross the KS line then wait for it to retrace back to it once again then sell because when price retraces towards KS then by that time (more often than not) the EMA curls in the price's direction.

I would really like it if you could research on this topic the next week too try to find a way around this problem. I'm sure there has to be a hidden solution to it. Also how did you get that thing on the bottom of your chart? Is that on MT4??? Please let me know.
Rockin' Tradin'
-Akash