Ichimoku Advanced: Exit Strategy Not Working

This topic contains 27 replies, has 5 voices, and was last updated by  jimasgo 1 week ago.

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  • #499679

    Strategy Not Working

    Hi chauhanmukesh555

    Sorry I never saw this post before my latest reply.

    What is it that is not working?

    #499717

    ten sen Crossed kin sen in gbpusd chart but ea not entered trade.

    Attachments:
    #499744

    Chikou Span is not above the cloud as per your settings. If you change that setting to = false, it would have opened the position.

    Perhaps check your settings again and see what you can adjust, if your only requirement to open the trade, is to use entry strategy 1. TEN KAN SEN/KIJUN SEN CROSS then you can leave all the filters = false.

    #500441

    I look forward to your fix!

    Can you share your current settings and a screenshot of trade that the EA should not have closed?

    Hi Yannick

    Thank you for responding.

    I’ve attached screenshots of the chart, account history plus the .set file.

    Just to run through it again

    Entry:

    TKS above/below KJS = true

    Price above/below TKS = true

    Exit

    Close above/below TKS

    When the chart matches the entry criteria (let’s say long – price is above tks), the EA opens the order but as soon as price goes below the tks – even though the candle has not yet closed – the order closes (and opens and closes repeatedly). Have a look at my account history then you can see what i mean by open and close repeatedly. i do not want to limit my ideas by using the “max trade once per bar” and “trade on new bar” to work around it.

    So basically my issue is the Exit Strategy i’m using should ONLY close the order when the candle has closed below the tks.

    Hi Yannic

    Can we fix this please? This is key to my system working.

    #500579

    ontheedge
    Participant

    I look forward to your fix!

    Can you share your current settings and a screenshot of trade that the EA should not have closed?

    Hi Yannick

    Thank you for responding.

    I’ve attached screenshots of the chart, account history plus the .set file.

    Just to run through it again

    Entry:

    TKS above/below KJS = true

    Price above/below TKS = true

    Exit

    Close above/below TKS

    When the chart matches the entry criteria (let’s say long – price is above tks), the EA opens the order but as soon as price goes below the tks – even though the candle has not yet closed – the order closes (and opens and closes repeatedly). Have a look at my account history then you can see what i mean by open and close repeatedly. i do not want to limit my ideas by using the “max trade once per bar” and “trade on new bar” to work around it.

    So basically my issue is the Exit Strategy i’m using should ONLY close the order when the candle has closed below the tks.

    Jonathan,

    The EA is working as designed, there is no flaw and Yannick can correct me if I’m wrong. I have to ask are you trying to open multiple trades per bar? Do you understand that you are telling the EA to Open a trade when Price is greater than or less than TKS? This has nothing to do with the Exit it’s about the entry. So every time Price moves Above or Below it’s going to Open a New position because you Don’t want to use the Once Per Bar as it was designed.

    Yannik could add a Close Above/Below rather than Price, but that’s up to him, I just want you to know that the EA is working as it’s designed based on your current settings.

    Best Regards

    #501020

    Yes i do want to open multiple trades per bar if the conditions allow as per the entry strategy. I understand that that the EA will open when price is above or below TKS.

    I’m happy with the entry stratgey and understand it very well. I’ve been using the basic version for over 3 months extensively as in 10000 plus trades which has only entry strategies available.

    It is about the exit strategy, if the exit says close above or below ten kan sen why does it close before the candle actually closes? It’s closing the instant price moves above or below TKS as opposed to the close of the canclde. Doesn’t close mean close of the candle? There is clearly a flaw.

    I’m yet to hear what Yannick has to say.

    Let me know if I must send a video rather.

    #501064

    ontheedge
    Participant

    It is about the exit strategy, if the exit says close above or below ten kan sen why does it close before the candle actually closes? It’s closing the instant price moves above or below TKS as opposed to the close of the candle. Doesn’t close mean close of the candle? There is clearly a flaw.

    Hey Jonathan,

    I Now see what you mean, if you change Max Open Position to >1 than it will open that many trades before it starts to close trades beyond that number. So I don’t think it’s the exit I think it’s the Max Open Positions is closing the first trade when a new trade is triggered.

    The option for Open New Trades T/F, should have I think been logic as If Max Trades is MAXed, than don’t open new trades but it doesn’t open any trades, regardless of of Max trades Number.

    So I stand corrected, AS I thought you were only trying to trade 1 Position, not multiple.

    Can you share your current settings and a screenshot of trade that the EA should not have closed?

    So in short Yannick that is the issue, if you look at Jonathans set file the EA is closing out trades when Max Positions are set to 1 if you change the number of Max Positions than it opens trades to the Max number but closes trades beyond that number. If, you change Open New Positions to False ( I assume that was intended when Max Open was reached) it doesn’t Open any Positions.

    Well , now it’s up to the master to spin his code.

    Best Regards

    1 user thanked author for this post.
    #501068

    It is about the exit strategy, if the exit says close above or below ten kan sen why does it close before the candle actually closes? It’s closing the instant price moves above or below TKS as opposed to the close of the candle. Doesn’t close mean close of the candle? There is clearly a flaw.

    Hey Jonathan,

    I Now see what you mean, if you change Max Open Position to >1 than it will open that many trades before it starts to close trades beyond that number. So I don’t think it’s the exit I think it’s the Max Open Positions is closing the first trade when a new trade is triggered.

    The option for Open New Trades T/F, should have I think been logic as If Max Trades is MAXed, than don’t open new trades but it doesn’t open any trades, regardless of of Max trades Number.

    So I stand corrected, AS I thought you were only trying to trade 1 Position, not multiple.

    Can you share your current settings and a screenshot of trade that the EA should not have closed?

    So in short Yannick that is the issue, if you look at Jonathans set file the EA is closing out trades when Max Positions are set to 1 if you change the number of Max Positions than it opens trades to the Max number but closes trades beyond that number. If, you change Open New Positions to False ( I assume that was intended when Max Open was reached) it doesn’t Open any Positions.

    Well , now it’s up to the master to spin his code.

    Best Regards

    Also bear in mind I have the Advanced version which does not include Max open trades which I wouldn’t use in any case. My system has 7 pairs max which I’m happy to run simultaneously. So again it’s back to the exit strategy not closing on the close of the candle.

    #503048

    Hi Yannick

    It been a while I still never got a response from you that would resolve this, I need this to work.so I can move forward (and make more money)

    #503470

    Yannick
    Keymaster

    It’s closing the instant price moves above or below TKS as opposed to the close of the canclde. Doesn’t close mean close of the candle?

    Close is the closing price. For a buy signal it looks for “Close[1] < tenkansen[1]” (1 is the last candle).

    The combination of your entry and exit strategy is not ideal. They can be true both at the same time, which leads to multiple small trades.

    Maybe you should set tradeMaxOncePerBar to true.

    #503635

    Hi Yannick

    I’m losing out on good entries and pips when i use tradeMaxOncePerBar but i still don’t think you see my problem.

    Just to be clear you are saying, in the case of a buy signal, that the exit strategy looks for the closing price of the last candle to be less than (or below) tenkansen? That i understand, but the problem is – that the EA closes the trade before the close of the candle not at the close of the candle as you just mentioned when multiple trades occur.

    Bear in mind my entry strategy for a buy signal:

    – TKS above KJS
    – Price above TKS

    I look forward to hearing from you.

    If a mod is required let me know how i can go about it.

    #504017

    Hi Yannic

    What if you could add options like you have with the “‘tenkansen above/below kijunsen” exit strategy:

    1. Instant, where the trade would close the instant price crosses the tks
    2. Confirmed, wehre the trade would close on the close of the current candle.

    #551775

    jimasgo
    Member

    Hi,
    I have this message in: “Error. Licence expired 1-3-2019 .Please download new version”. (EA ICHIMOKU ADVANCE)
    1.-How I have to do it?
    2.-What’s new in this new version?
    3.-Regarding the configurations of the previous EA?
    4.- I have to reconfigure all the forex pairs?
    Thank’s

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