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[GRR]

OK, i'll post some charts here to show you how to trade with the Ichimoku.
A general rule to short somewhat is -> the Chikou-Span (green line) should move below the price-curve. The lilac fat line is an EMA(65) and is not a part of the Ichimoku which is very simple to use. If someone has any questions she/he is welcome.

[GRR]

here are my morning charts fwiw.....

[GRR]

today in my morning i was short EUR/JPY, here is the chart......

[GRR]

my todays EUR/JPY short at 9:32am CET. See the chart....

[GRR]

trade was closed @ 10:25am CET. See the chart......

[GRR]

These two trades i haven't taken coz i was late and don't chase.
Usually at this time, 02:15 CET, i sleep.

[GRR]

.....my morning trade today, see the chart. I use a trailstop of 60 pips, "make it or break it"

[4x2]

Hi,

For your information, IKH seems to be non-profitable...

See the benchmarking test...

Where is the problem ??

rgds,


Logic
Opening (Entry Signal)
Open a new long position at the beginning of the bar when all the following logic conditions are satisfied:

Ichimoku Kinko Hyo* (9, 26, 52) - the Tenkan Sen is higher than the Kijun Sen; and
the position opens above the Kumo of Ichimoku Kinko Hyo* (9, 26, 52); and
the Chikou Span of Ichimoku Kinko Hyo* (9, 26, 52) is above the closing price of the corresponding bar; and
Ichimoku Kinko Hyo* (9, 26, 52) - the Kijun Sen is above the Kumo.
Open a new short position at the beginning of the bar when all the following logic conditions are satisfied:

Ichimoku Kinko Hyo* (9, 26, 52) - the Tenkan Sen is lower than the Kijun Sen; and
the position opens below the Kumo of Ichimoku Kinko Hyo* (9, 26, 52); and
the Chikou Span of Ichimoku Kinko Hyo* (9, 26, 52) is below the closing price of the corresponding bar; and
Ichimoku Kinko Hyo* (9, 26, 52) - the Kijun Sen is below the Kumo.
Closing (Exit Signal)
Close an existing long position at the Trailing Stop (-60) level.

Close an existing short position at the Trailing Stop (-60) level.

Handling of Additional Entry Signals**
Entry signal in the direction of the present position:

No averaging is allowed. Cancel any additional orders which are in the same direction.
Entry signal in the opposite direction:

No modification of the present position is allowed. Cancel any additional orders which are in the opposite direction.
Trading Size
Always trade a constant number of lots.

Opening of a new position - 1 lot.
Permanent Protection
The strategy does not provide a permanent loss limitation.

--------------
* Use the indicator value from the previous bar for all asterisk-marked indicators!
** The averaging rules apply to the entry signals only. Exit signals close a position. They cannot open, add or reduce one.


Environment
Market
Symbol - USDJPY
Time frame - 15 Minutes

Account
Initial account - 10000,00 USD
Lot size - 10000
Leverage - 1/100
Required margin - 110,73 USD* for each open lot

Charges
Spread - 4 pips (4,43 USD*)
Swap number for a long position rollover - 1 pips (1,11 USD*)
Swap number for a short position rollover - -1 pips (1,11 USD*)
Commission per lot at opening and closing - 0 pips (0,00 USD*)
Slippage - 0 pips (0,00 USD*)

--------------
* This value may vary!



Strategy Properties
Handling of Additional Entry Signals
Next same direction signal behavior - Does nothing
Next opposite direction signal behavior - Does nothing

Trading Size
Maximum number of open lots - 20
Number of entry lots for a new position - 1
In case of addition - number of lots to add - 1
In case of reduction - number of lots to close - 1

Permanent Protection
Permanent Stop Loss - None


Strategy Properties
Same direction signal - Nothing
Opposite direction signal - Nothing
Permanent Stop Loss - None
Opening Point of the Position
Bar Opening
Enter the market at the beginning of the bar
Base price - Open
Opening Logic Condition
Ichimoku Kinko Hyo
The Tenkan Sen is higher than the Kijun Sen
Tenkan - 9
Kijun - 26
Senkou Span B - 52
Use previous bar value - Yes
Opening Logic Condition
Ichimoku Kinko Hyo
The position opens above the Kumo
Tenkan - 9
Kijun - 26
Senkou Span B - 52
Use previous bar value - Yes
Opening Logic Condition
Ichimoku Kinko Hyo
The Chikou Span is above the closing price
Tenkan - 9
Kijun - 26
Senkou Span B - 52
Use previous bar value - Yes
Opening Logic Condition
Ichimoku Kinko Hyo
The Kijun Sen is above the Kumo
Tenkan - 9
Kijun - 26
Senkou Span B - 52
Use previous bar value - Yes
Closing Point of the Position
Trailing Stop
Exit at the Trailing Stop level
Trailing Stop - -60



Statistic Information
Market Account
Symbol USDJPY Intrabar scanning Not accomplished
Period 15 Minutes Interpolation method Pessimistic scenario
Number of bars 20000 Ambiguous bars 0
Date of updating 30/12/08 Tested bars 19921
Time of updating 23:45 Initial account 10000,00 USD
Date of beginning 07/03/08 Account balance 7145,74 USD
Time of beginning 12:30 Minimum account 6888,73 USD
Minimum price 87,14 Maximum account 10422,09 USD
Maximum price 110,64 Maximum drawdown 3533,36 USD
Average Gap 1 pips Gross profit 9608,90 USD
Maximum Gap 233 pips Gross loss -12463,16 USD
Average High-Low 14 pips Sent orders 26174
Maximum High-Low 186 pips Executed orders 935
Average Close-Open 7 pips Traded lots 935
Maximum Close-Open 159 pips Winning trades 146
Maximum days off 3 Losing trades 321
Maximum data bars 50000 Win/loss ratio 0,31
No data older than No limits Time in position 81 %
No data newer than No limits Charged spread 1859,21 USD
Fill In Data Gaps Switched off Charged rollover 254,57 USD
Cut Off Bad Data Switched off Charged commission 0,00 USD
Charged slippage 0,00 USD
Total charges 2113,78 USD
Balance without charges 9259,52 USD
Account exchange rate Deal price

[GRR]

@4x2
well, the 1st thing is the trailing stop which i use only if i cant stay at my place. The 2nd thing is, i dont wait on every condition to be fullfilled. Normally i enter a trade if the Chikou-Span is below/above the corresponding bar/candle. If so, the actual price is below/above the Kijun-Sen. I dont wait on the price to be below/above the Kumo but often it looks like, because im late and trade the pullback. Remember, i live in the CET timezone and often i'm asleep on the 1st signal.

My preferred pairs are 1. GBP/JPY 2. EUR/JPY 3. CHF/JPY 4. USD/JPY

Maybe for USD/JPY you should try a 30min Chart or change the conditions, i don't know. I never have used a benchmark test, i watch the chart and think for myself and i don't trade with an automatic system.
The handling of a trade is very important imo...

Another user here "ifortune" is very successfull too. He provides signals for free till now and his signals are often near the same as mine. I don't know what he is using but see for urself in intraday recommendations.

[4x2]

@GRR
thanks for your answer.
I tried again by restricting the test with your requirements.
The result is similar ...
What are your conditions of exiting the trade?
I looked at the recommendations of "ifortune"
it's interesting, thank you!
But I'm more interested in a method than by signals ...
I like to understand what happens

@meme12
Ichimoku works well when the trend is strong ... but then everything works even a single moving average

[GRR]

@4x2
well, i guess that you cant backtest a manual method with an automatic backtesting program! See the charts......

@meme12
sorry, but this is bullshit!

[arco]

Originally Posted by GRR

@4x2
well, i guess that you cant backtest a manual method with an automatic backtesting program! See the charts......

@meme12
sorry, but this is bullshit!

Having traded this method for over 8 years I can tell you its impossible to back-test like a mechanical system. Once you get to know how to work Ichimoku it is many systems in one, and you can trade just with this alone

If anyone is interested here are all the elements.

[GRR]

@arco ---> fully agree

[CD]

Hi all,
I know that IKH may be used in different ways.
I worked from the following document which seems complete ...
What do you think of it?
Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System
And of course, I read everything about IKH that google quote.

All manual methods that follow such rules as IKH may be backtested !

"Plan your trade and trade your plan" ;-)

If you are able to write your plan to trade, then this plan is programmable, however complex it is ...
And whatever the mode of use of IKH, I've never seen a positive backtest ...

Therefore I am curious to know the rules that let you earn with IKH ...

[GRR]

@CD
Its not my work to bring you gains free house
If you can, backtest the following chart, or do what ever you want