Hi, I have been looking for an Cronex Taichi EA or someone to make me one. I know for some - when to exit was a question. There is a way I use that helps with this and this indicator with the Cronex Demarker is good at only trading when market is moving in one direction. I know it doesn't get all pips but I like it because it is less risky.


fxbs or anyone here? Can you help with this?

Is there an existing Cronex Taichi EA I should be using?

Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo. - MQL4 Articles

I know the indicators this is based from is better at predicting future market but I prefer the Cronex Taichi for now until I know how best the Ichimoku Kinko Hyo is to be used when trading.

Indicators are interesting.
As I know Cronex is username of the author.
I saw indicators onl coded by him but as I know he participated in Metaquotes contest in 2006 with Cronex Trading v1.3.1 (GBPUSD daily).

Just to inform:

there is another Ichimoku mod thread here: Ichimoku

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As this thread was started about how to use Ichimoku indicator, how to trade using this indicator and how to estimate the market condition so I am doing this post.
I will not post templates and indicators as few indicators are from elite section so sorry.

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It is just an example about how to trade inside the cloud (check this thread from the beginning for explanation):

breakout_h4.jpg

As we see, the price crossed breakout line of MaksiGen indicator MaksiGen Trading system (blue dotted line), and Chinkou Span line of Ichimoku indicator (white line) was crossed the price on historical data, and cloud was wide enough.

But it i not an easy to trade inside the cloud as:
- borders of the cloud is not strong support/resistance lines;
- if the price is inside the cloud so it indicates the choppy market (by definition).

Now we see the situation on the next bar:

breakout_h4_1.jpg

Next bar is opened outside the cloud but market is choppy on H4:

h4_choppy.jpg

And choppy on D1:

d1_choppy.jpg

How to understand two images above?
Read starting from this page Nonlagging Tools

Besides, if we look at USDCHF so Chinkou Span line of Ichimoku indicator did not cross the price on cross bar yet:

chf_h4.jpg

Just interesting situation is going on on USDCAD and AUDUSD but I will not post the images as Ichmoku is standard indicator in Metatrader so you can do it by yourself.

Hi ND,

What is the indicator that show dot and "x" on the main chart?

PriceChannel_Signal_v1.2 from asctrend thread ASCTrend system and from market condition elite section thread

As I saw someone posted 1.1 version of this indicator to some other public thread.

Hi everybody
in the first,i would like to say that it i hope Newdigital will move this thread to the correct spot,because i do not know where exactly i should post this idea..if it needs to be seperat thread that will be fine too.sorry to newdigital..
the idea is to make Ichimocu more easier to read it..but how?
well,we have here 3 parts that Ichimoku contain:
A.Chinku span,
B.Two Senko span (Tenkan-sen + Kijun-sen),
C.Two Kumo(Up+Down)..Clouds.
My imaginatin is to make all of them in separet windows as follow:

A.Chinku span: it could be transfered to histo\dots..something looks like NONLAGMA-V7 for Igorad..RED to express :the Chinku span is under the price..Green:Chinku is above the price..you could say that:chinku is apearing late and far awy at the standerd indicator..i will say that:all what you need from this Chinku is to know where it is locating right now..above\below the price to make your next head set..

B.Two Senko span:here we have 3 cases of the cross (Tenkan-sen with the KIjun-sen) as follow:
1.cross below the clouds (Tenkan ABOVE Kijun =STRONG SIGNAL TO BUY= DARK GREEN)..OR (Tenkan BELOW Kijun=BAD - WEAK SIGNAL TO BUY=WHITE..NON-TRADE ARE),
2.cross above the clouds..(Tenkan BELOW Kijun =STRONG SIGNAL TO SELL= DARK RED)..OR (Tenkan ABOVE Kijun=BAD - WEAK SIGNAL TO SELL=WHITE..NON-TRADE ARE),
3.cross inside the clouds (Tenkan ABOVE Kijun =NORMAL\MEDIUM SIGNAL TO BUY= LIGHT GREEN OR LIME)..OR (Tenkan BELOW Kijun=NORMAL\MEDIUM SIGNAL TO SELL= LIGHT RED)

C.Two Kumo(Up+Down)..Clouds:That is the most interest part and need very carfull programmer..why?..because the cases of the clouds is:
1.FAT\THIN CLOUDS and the price above\below.we usually use the first faced Kumo line and second as support if the price is above the clouds OR RESISTANCE if the price is below the cloud.we also set the targets1,2 if the price claiming to the clouds..or as stop loss if the price go to the other way but we afraid that it will get back against us..

2.CLOUDS CHANGING DIRECTIONS (CHANGING ITS COLORS) and the price above\below...it could be easly repaired by color to show the new direction of the cloud and what is the color for the current cloud.

3.The price is now inside the cloud.here we use the upper Kumo as target abd below Kumo as stop loss (in FAT CLOUD USUALLY MORE THAN 50-60 POINT BETWEEN THE TWO KUMOs).

So,if there is separet window that show chinko AND the two Kijun+Tenkan AND another line in color to show at what color we are now for the clouds (all the 3 lines looks like Igorad nonlagma v7) .and the clouds it could be as text says:targets in numbers..stop loss in numbers.

I KNOW THAT I AM SO LOW CONVERSATIONAL PERSON..AND I KNOW THAT YOU GUYS GET HARD TIME TO UNDERSTAND WHAT I AM SAYING HERE...
BUT I KNOW THERE ARE MANY TALANTED PEOPLE WHO CAN EASLY READ MINDS AND THEY DO NOT NEED EVEN WORDS TO DISCRIBE THINGS..
THANK YOU IN ADVANCE FOR EVERYONE WHO TAKE MINUTS OFF OF HIS TIME TO READ WHAT I WROTE.
THANK YOU AGAIN