Hi,

I'm not a coder, but have manually tested an idea I had on the EUR/USD on a daily time frame.
Looks very promissing imo.

It goes like this:

You take only the Kijun-Sen of the Ichimoku indicator.
I made the color Aqua, and made the rest of them black.
If price crosses Kijun-sen, and closes above(or below) Kijun sen, you enter a trade on the open of the next bar.
Example, KS(Kijunsen) is curr. 1.5500, price crosses KS tp the upside and closes EOD above 1.5500, you enter a long trade.
And ofcourse vice versa for a short entry.
Now for the SL and the TP.
I used the ATR indicator for that.
At entry you look at the value of the ATR.
You multiply that value with 1.5 for SL.
Is all goes well, the price will start to move up, if not, you have your SL in place.
Everyday you adjust the SL according the new high the price makes and the value of the ATR, as it is changing(volatilitydepended).
The SL will become your TP, as price moves on.
I also closed the trades during testing before the SL was hit, if the trade turned against me right after entry, if price turned around and closes below the KS with a margin of 10 (close bar under KS -10 pips), or whatever value you prefer.

So it should look something like this imo:

Take value KS
If price is above KS and closes above KS enter long
take ATR x 1.5 for SL
else if price next bar closes below KS -10 also close trade(whatever comes first)
Adjust SL according the value(high) of next bar and value ATR

Just reverse for shorts.
Who can make an EA for this idea to test it on all other pairs on different timeframes ?
Would be nice ofcourse if one can play with values of the KS and other values.
Is it also possible to implement Moneymanagement with it ?
I tested it manually on the EUR/USD for 2006 and it made over 1500 pips with 13 trades, 3 losers and 10 winners.
Will do more testing on other years and pairs.

I hope I made things clear, and I hope I haven't forgotten anything.

I hope someone can help me with this.

Profitman