Patterns by HWAFM

Originally Posted by lobogabor

Have you ever tried Ichimoku EA for entries acording to your direction?

Not. Because many Ichimoku EAs are made based on 1 or 2 Ichimoku signals only. But this indicator is having more than 6 signals and it should be sorted according to the rating. I did not see any EA which can take it onto account. Because I use Ichimoku for technical analysis, not for trading.

I traded using Ichimoku but using D1 timeframe only.

I traded manually and it was not difficult to do ... but everything was going very slowly: few trades in a month only for all the pairs (I traded Chinkou Span/price crossing).

I explained - it was few trades in a month for all the pair (I traded manually).

• I was not very interesting for me to trade manually on this way (1 or 3 trades in a month for all the pairs)
• Besides, I posted the results on the forum (tsd) on that time and it was not interesting for the members.
• Igorad created his ScheduleTrader EA and Signal Trader EA so I decided to make the trades using manual Maksigen system (few trades in a week) and making them as the signal (for everybody to follow)

Why are you asking?

... The number of entries should not be the problem if all BIG winners ...

It is the problem. Because I traded manually for myself + I posted results live on the threads (on the way "trade with me"). And for example : 4 trades for 3 months ... I am sorry but no one is interested to follow the thread with 4 trades in 3 month.

As to me so I am having as many EAs, indicators and system so I can make a choice what to trade manually.

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Because if few trades in a month - it is not a trading. It is technical analysis, on the way as I did by Signal Trader EA: create pending orders on Monday for all week till Friday. I mean - they are the trades to confirm technical analysis suggestions and predictions.

It is what I understood on that time.

This is intersting situation for some pairs concerning the market condition. For example - AUDUSD. There is breakout is going on for W1 timeframe: Chinkou Span line crossed the price on close bar.

If the price will break 0.9425 resistance on close W1 bar so this price will become inside Ichimoku cloud by breaking one of the border of this cloud - Sinkou Span A. By the way, this border (Sinkou Span A) is the virtual border between bearish and bullish on the chart.

Anyway, if the price will come to Ichimoku cloud so we may see the ranging market condition within primary bullish.

The nearest resistance for D1 timeframe is 0.9437 :

As to the patterns so we see retracement developing pattern for uptrend (MN1) timeframe):

and developed/formed patterns for uptrend for H4:

This HWAFM tools work now with MT5 new builds. And it is interesting situation for GBPUSD D1 for now.

1. Ichimoku D1 chart.
Chinkou Span line of Ichimoku indicator is breaking the price on open D1 bar trying to break 1.6991 resistance as well:

2. Pattern D1 chart
We can see 3-Drives pattern just forming for D1 downtrend together with forming Retracement pattern for D1 doiwntrend as well :

and we can see bullish already formed Retracement pattern for D1:

So, concerning my understanding - this is false breakout on D1 ... the price is in overbought condition ...

If we look at Fibo at D1 timeframe so it is overbought too:

and if we look at support/rtesistance lines so we see that D1 price should break 1.6991 resistance on close D1 bar for this breakout to be happened ...

so ... will see ...

USDCAD H8 retracement formed pattern:

Just found interesting way to use those patterns for trading: we can do it together with Price channel indicator or PriceChannel_Stop indicator:

Price channel indicator is attached, and PriceChannel_Stop indicator is here:

PriceChannel_Stop
- PriceChannel_Stop_v9 indicator is on this post.
- PriceChannel_Stop_v9 indicator for Metatrader 5 is on this post.
- PriceChannel_Stop_v9.2 indicator is on this post. This version of indicator is having the algorithm which fully corresponds to the latest versions of the FractalChannel_Stop and VoltyChannel_Stop.
- PriceChannel_Stop_v9.2 600+ indicator is on this post. This version works with Metatrader 4 build 600 and above.

There are some other patters (for GBPUSD) - HWAFM tool together with PriceChannel_Stop indicator (see previous post):