I have beginning trading with ichimoku.
The simple way to follow is the cross, and act buy sell of that.
The problems comes when the price isn't going stright up or down, or like today, down quick. When shall we close position, when the price comes in to the cloud?
Anyone knowing if there is an ichimoku ea for metatrader which buy/sells by itself?
We have Ichimoku EAs somewhere in "Expert Advisors - Metatrader 4" section: several modifications of Ichimoku_5_1 and KSRobot. But no one was created according to the Ichimoku indicator's rule. Because this indicator is having the several different sell/buy signals and these EAs are not taking into account the all the signals. I did not see EA which was coded according the Ichimoku rules.
I think this indicator is great, it says that about 8 hours the trend will change (clouds shift color).
Newdigital, have you heared of a ichimoku-book, or an explaining pdf with charts examples?
Newdigital, how do you explain this in a chart, could you give an example in the chart where i could buy or sell?
The chinkou span i can see right now is 11 hours back.
Chinkou span value is the close price of the current candle shifted some period back (26 in default settings). It is 26 days in D1 . It does not matter how many hours back. It depends on your setings of the indicator.
It this line is going to uptrend crossing the price (11 hours ago or some hours ago - does not matter) so we have buy signal. If we look at this indicator we will understand that this line may cross the price. Not current price. Just a price which was 11 hours ago for example.
This Chinkou span line is crossing the price curved line. Not the current price.
And about the settings. If I change the Kijun-sen from 26 to 1 for example I will have the following (see the image). Chinkou span line is inwhite color.
I found the example.
Look at the image: this line is crossing the curved price line right now for buy.
But it is necessary to have all the signals. Not one only. There are many signals are coming: some of the signals are the coming first, some signal is the last one. Last one is strongest signal.
So, we have a chinkou line displaying what happened 11 hours ago. How will this help us trade right now or in the future?