The ideas that I trade by:

[MightyOne]

USDTRYH4.png (59.62 KiB) Viewed 3147 times

[TheRumpledOne]

The Ichimoku Cloud as a stop loss looks interesting.

The closest line to price is the average of the midpoint of the last 18 & 21 bars &
the other line is the midpoint of the last 108 bars.

Tenken, Kijun, & Chikou are set to color NONE.

Simply get out when price touches the cloud.

If you end up entering within the cloud then you can just exit when price hits either line.

(the line chart is a 2 SMA of the open)

GBPAUDH4.png

Simply get out when price touches the cloud.

Looks like you could get wiggled out of a trade a few times.

[MightyOne]

The Ichimoku Cloud as a stop loss looks interesting.

The closest line to price is the average of the midpoint of the last 18 & 21 bars &
the other line is the midpoint of the last 108 bars.

Tenken, Kijun, & Chikou are set to color NONE.

Simply get out when price touches the cloud.

If you end up entering within the cloud then you can just exit when price hits either line.

(the line chart is a 2 SMA of the open)

GBPAUDH4.png

Simply get out when price touches the cloud.

Looks like you could get wiggled out of a trade a few times.

I am currently testing the 2 SMA of the OPEN shifted -4.

The first chart is shifted forward 1.

[MightyOne]

It is pretty difficult to juke a monthly candle.

MH_BIAS.png (6.92 KiB) Viewed 3149 times

EURUSDMonthly.png (17.47 KiB) Viewed 3149 times

[MightyOne]

Price breaks out, price breaks in, ...

EURUSDM1.png (31.03 KiB) Viewed 3095 times

[MightyOne]

Just and updated chart

click_click_click.png (64.8 KiB) Viewed 3039 times

EURUSDM5.png (26.77 KiB) Viewed 3039 times

[TheRumpledOne]

HAGO?

I must have missed the post where HAGO is defined and explained.

[MightyOne]

It is not perfect, but I like the cloud.

EURUSDM5.png (32.79 KiB) Viewed 3061 times

[MightyOne]

HAGO?

I must have missed the post where HAGO is defined and explained.

It is simply the prev. midpoint plus the high or low divided by 2.

If price breaks above the prev. extreme by 1/4 of the prev. range then I use the "new x" (xx) Hago.

You can find the rules in the code:

Code: Select all

   HI_HAGO = (pmidpoint + phigh)/2;
   LO_HAGO = (pmidpoint + plow)/2;
 
   XX_HAGO = phigh + (phigh - HI_HAGO);
   OO_HAGO = plow - (LO_HAGO - plow);
   
   Mid = midpoint;
   
   
   if(AUTO_MIDPOINT){
   
   if(high > HI_HAGO && low < LO_HAGO){
   if(D1open > XX_HAGO){Mid = XX_HAGO;}else
   if(D1open < OO_HAGO){Mid = OO_HAGO;}else
   if(D1open > HI_HAGO){Mid = HI_HAGO;}else
   if(D1open < LO_HAGO){Mid = LO_HAGO;}else
   {Mid = pmidpoint;}}else
   
   if(high > HI_HAGO){
   if(high > XX_HAGO){Mid = XX_HAGO;}else
   {Mid = HI_HAGO;}}else
   
   if(low < LO_HAGO){
   if(low < OO_HAGO){Mid = OO_HAGO;}else
   {Mid = LO_HAGO;}}else
   
   {Mid = midpoint;}}


[TheRumpledOne]

HAGO?

I must have missed the post where HAGO is defined and explained.

It is simply the prev. midpoint plus the high or low divided by 2.

If price breaks above the prev. extreme by 1/4 of the prev. range then I use the "new x" (xx) Hago.

You can find the rules in the code:

Code: Select all

   HI_HAGO = (pmidpoint + phigh)/2;
   LO_HAGO = (pmidpoint + plow)/2;
 
   XX_HAGO = phigh + (phigh - HI_HAGO);
   OO_HAGO = plow - (LO_HAGO - plow);
   
   Mid = midpoint;
   
   
   if(AUTO_MIDPOINT){
   
   if(high > HI_HAGO && low < LO_HAGO){
   if(D1open > XX_HAGO){Mid = XX_HAGO;}else
   if(D1open < OO_HAGO){Mid = OO_HAGO;}else
   if(D1open > HI_HAGO){Mid = HI_HAGO;}else
   if(D1open < LO_HAGO){Mid = LO_HAGO;}else
   {Mid = pmidpoint;}}else
   
   if(high > HI_HAGO){
   if(high > XX_HAGO){Mid = XX_HAGO;}else
   {Mid = HI_HAGO;}}else
   
   if(low < LO_HAGO){
   if(low < OO_HAGO){Mid = OO_HAGO;}else
   {Mid = LO_HAGO;}}else
   
   {Mid = midpoint;}}


Ok, Thanks.

Does HAGO stand for something?
Acronym?

So

HI_HAGO = (phigh - plow) * 0.75 + plow.
LO_HAGO = (phigh - plow) * 0.25 + plow.