I took a period of the year 2005 for an example, very volatile during that period !
Anyway I placed 2 trades on the chart for example, both would have done better with less volatility, but anyway both trades were winners as you can see.
Together good for 61 + 118 = 179 pips, stressfree imo.
With the test I did manually in 2006 I had trades as big as 677 pips

Hope I made some things clear

Profitman

Attached Images

eur_usd.gif (24.1 KB, 312 views)

btw. Michael Dunbar in 8&8 uses ATR SL too. He came to 0.7 ATR (70%) for SL on daylies
p.s. atr channel period 1(2max)

U will be stopped out to soon imo.
We want to get in a trend, and stay in it as long as possible imo.
I try to make consistent money, not to catch the tops and the bottoms.
Currencies are too much of a chaos anyway.
With proper moneymanagement you could trade many pairs at the same time.
If any system makes a decent amount of pips on a yearsbasis, and you trade enough pairs, one could make 50 to 60 % profit a year, wich is more than many trader makes
Just my 2 cts.

Btw, just for the record, latest trades with the "system"

USD/CHF went short on 22 feb at 1.0883, got stopped out 11 march at 1.0327 for 556 pips profit, curr out
GBP/USD went long on 25 feb at 1.9687, got stopped out 5 march at 1.9750 for 63 pips profit, curr out
EUR/USD went long on 20 feb at 1.4727, still in the trade, curr. profit 946 pips, still in the trade
USD/JPY went short on 28 feb at 106.39, got stopped out 11 march at 103.23for 316 pips profit, curr. out
AUD/USD went long on 25 jan at 0.8823, got stopped out 7 feb at 0.8899 for 76 pips profit, curr out
USD/CAD went short 21 feb at 1.0122, got stopped out 29 feb at 0.9875 for 247 pips profit, curr out

total last trades of 6 pairs 2204 pips, with EUR/USD open.
Will post other pairs tomorrow

Can you specify your kijun-sen properties and what period ATR you're using?

Just to inform:

We have some Ichimoku EA on this thread: Ichimoku EA

and this one: Ichimoku - KS Expert 1.5

Ichimoku thread is here: Ichimoku

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@robp, settings I curr. use are 28 for the KijunSen, and 14 periods for the ATR.
I only color the KijunSen cyan.
I used other settings for KS, like 20, but that got me too many whipsaws.
I'm looking for a trend, and stay in as long as I can.
There maybe other ideas about entries and exits, but so far it looks good enough for me.
Any ideas always welcome ofcourse.

@linuxer, I know there are other threads regarding the Ichimoku, but I didn't want to interfere with other discussions and ideas, that's why I started I "fresh" one.

Sure, no problem.
It was to inform so members could go and back to other threads, we often make this.

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Elite Manual Trading | Portfolio | Calendar | Suggestions to improve the forum | My Blog

Remember: Signatures must have three lines as maximum

Got stopped out EUR/USD today for a 1051 pip profit, curr.flat
My biggest winner so far

Hi profitman,

Your strategy seems to be good.

I've been following your posts, but I need a bit more explanation regarding the SL adjustment. Could you please explain it once again with example? Tx

Best wishes - Ben