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Forex Forum → Technical Indicators → Ichimoku Kinko Hyo (HTF) only generates sell signals

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Posts: 17

Topic: Ichimoku Kinko Hyo (HTF) only generates sell signals

First of all thanks for this tool, the indicators and the amount of work put into it!
I am trying out the HTF indicator Ichimoku Kinko Hyo (HTF)(one hour ref. on a 15 min chart) and it seems only to generate sell signals when I use it real time with FST.
I have selected the setting "The Chikou Span is above the closing price".
When the chart is drawn in FST the Chikou Span that is drawn in green.
It doesn’t look like that FST takes the Chikou Span into consideration when FST is evaluating weather to trigger a buy or sell signal. In the information box to the right in FST the value of the Chikou Span is indicated as “-“. It seems that when there is no value it triggers a sell signal.
If you look back in time the value of the Chikou Span is calculated and it is providing both sell and buy signals therefore the indicator can be used for back-testing in FSB, but in real time only a sell signal is provided.
Is it possible to correct this indicator so both sell and buy signals can be provided with this indicator?

Picture of real time trading. The Chikou Span value is “-“.
http://s4.postimage.org/QPsEA.jpg

Best regards
Itai

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

looking at your chart, I can see that you have it set up so that long entry is not allowed. perhaps that may be the cause of your dilemma.......

check the lower right hand side of the chart and you will see what I see....

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Hi Blaiserboy, at the right side of the chart are all the information that are read from the indicators for the last bar listed. I have set the  Ichimoku Kinko Hyo indicator to allow a long entry when the The Chikou Span is above the closing price.

Below is a realtime FST. Here you see that the Chikou Span is not registered. It is marked with a "-".
http://s2.postimage.org/LGvpr.jpg


And here is the info about the bar (marked by the crosshair) half a day ago where the green line was drawn. (The green line is the Chikou Span). Here you see that the Chikou Span is registered by the FST and a long entry allowed.
http://s2.postimage.org/LHzLi.jpg


I think that the problem is that it is only the last bar, and indicators at the last bar, that are being read by FST and therefore the Chikou Span that is the green line that does not reach the last bar not taken into consideration when the signals are given.

Maybe it the green line could be extended to the last bar it could solve this problem?

4 (edited by Blaiserboy 2010-09-14 00:14:42)

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

I would have to recreate the situation............ so that I can actually locate the problem, I will attempt to do that

I am not sure what you are meaning by HTF etc, how do I set that up

and most important........ did you attempt to use this strategy in the tester which would show you where you may find errors.

I opened the ichimoku strategy in the tester....... and located an entry with the chikou span lower than the price...... and at that point there is a value for the chikou span.

So I am thinking that you have to look carefully at the strategy to see if your entry should be triggered.

I am attaching two charts, one for a long and one for a short. each has values for the chikou and permission for long or short.

From a preliminary view...... the strategy needs some adjustment as the entries would not be what I would prefer....  I do not know how you set up the HTF, I just loaded the thing into the tester , as is, to make sure that the indicator is functioning properly

Post's attachments

daveM - SNAG-00054.png 125.41 kb, 3 downloads since 2010-09-13 

You don't have the permssions to download the attachments of this post.
My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

here is the second chart

Post's attachments

daveM - SNAG-00055.png 114.52 kb, 1 downloads since 2010-09-13 

You don't have the permssions to download the attachments of this post.
My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Blaiserboy
Can you please add the pictures as pictures not as attachments ?
Many thanks.
I would be easier to see for everyone.

Like this :


http://s1.postimage.org/zkyJ9.jpg



http://s1.postimage.org/zkBdi.jpg

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Hmmmmmm  not sure ho0w to do that. will you tell me how to do that please.........  thanks

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Please see simple instructions below:

http://s1.postimage.org/zkXFA-0468bd8d.png

you can use only url like this and use Image button.

http://s1.postimage.org/zkXFA-0468bd8d.png

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

http://s3.postimage.org/iApPA.jpg

http://s3.postimage.org/iAsjJ.jpg


Thanks for the heads up..!!


daveM

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Much better now. Thanks. I like that the image is small and then when someone wants to see it in full, he can click and see the full image. this doesn't clatter the page.

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

I hadn't noticed that facility and I will be glad to use it....  thanks again.!!

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Blaiserboy, the HTF is the Higher Time Frame version of the indicator. You can download those indicators here:

http://forexsb.com/forum/post/4667/#p4667

If you try the HTF version of Ichimoku Kinko Hyo the Chikou Span does not reach the last bar. I think it is therefore the Chikou Span value it "-" and buy signals are not provided in Forex Strategy Trader.
If someone could program the indicator to extend the Chikou Span line to the last bar, maybe this would solve the problem with the indicator?

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

I will have a look at the indicator as the day passes, I had no idea that they were there....

I will comment once I have seen  the indicator in action

I guess you have seen the posts by fxwinner that there is going to be a lot of discussion re strategies next month..... I am sure that any deficiencies in indicators will show up at that time as people start to analyze strartegies and indicators

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

HTF indicators are not fully tested and finished. They are developed by Zuijaideai, but I do not see him recently in the forum. There are some problems with HTF indicators: incorrect calculations of "Use previous bar value" parameter and also some times the indicators crash during calculations. For that reason I included special error handling in the Generator of the newest FSB versions, which reports the problem and continues generating  strategies. However, that error check lowers the speed of the program a little bit.

What I want to tell you is to be careful when using third party indicators. They may produce false backtest. The problem is the same as in the third party experts or custom indicators for MT.

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Now we have clarification..... best to not be using those indicators at all...

I suggest that you adjust the parameters of the  single time frame indicator (use two copies), by having one in the tester for the 15 and another with adjusted numbers for the 240 minute.

I stress that the thing be run in the tester until you are sure you have a viable strategy as it could be a waste of time to use the trader without doing so.  I am sure that someone will look at the HTF indicators at some time and ensure that they are functio0ning correctly, in the meantime I would stay away from those

I did make a HTF macd setup and tested it with less than good results, actually the single TF indicators do a good job on their own

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

That might be right. Best not to use those indicators until they have been tested and fixed for bugs.
That is too bad. The backtest showed great results with these indicators, but in realtime with FST they did not work propperly. Is it possible to see the errors in FSB in a logfile somewhere?

Re: Ichimoku Kinko Hyo (HTF) only generates sell signals

Hi Popov, what about these custom indicators that you are created but not ncluded into FSB default installation:

Laguerre indicator
http://forexsb.com/forum/topic/1262/new … indicator/

Inside Bar with Sunday correctuon
http://forexsb.com/forum/topic/1228/ins … orrectuon/

Three Bars Swing Pattern
http://forexsb.com/forum/topic/1199/thr … dalhoseny/

I think that these indicators are safe to use ?

I have also experienced that custom indicators - especially HTF indicators will show overoptimistic results never reachable in backtest, thefore I do not reccomend using these indicators at all.

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