Trade strategy is based on Ichimoku indicator and some other standard filters. Ichimoku indicator is a strategy by itself, especially «cloud» signals, so the filter are needed to clean them from fake signals in flat and for exiting the trade.
Settings
- Pairs: USDJPY, EURUSD, GBPUSD, USDCHF, NZDUSD, AUDUSD
- Timeframes: H1, H4
- Indicators: Ichimoku (9; 26; 52) (using only cloud), Alligator (13; 8; 5), Alligator (39; 24; 15), Stochastic (14; 3; 3), CCI (50) с уровнями 50 и -50.
Buy signal
- Next candlestick closes above top border of Ichimoku cloud.
- A candlestick closes above Alligator indicators.
- CCI and Stochastic are higher than 50 level.
- Conditions could occur simultaneously and in any order, but at the opening of the next candlestick they must be met.
- At the opening of the next candlestick – buy.
Sell signal
- Next candlestick closes bellow bottom border of Ichimoku cloud.
- A candlestick closes bellow Alligator indicators.
- CCI is lower than -50 level and Stochastic is lower than 50 level.
- Conditions could occur simultaneously and in any order, but at the opening of the next candlestick they must be met.
- At the opening of the next candlestick – sell.
Monitoring of a deal
- Stop loss is 35 points, take profit is 130 points.
- When the price overcame 35 points in the direction of a trade – transfer the deal to breakeven.
- If the transaction is in loss and the next candlestick crosses any of Alligator lines and closes below (for purchase) or above (for sell) it – close the trade at the current price.
- If the trade is in profit less than 35 points and the next candlestick crosses any of Alligator lines and closes below (for purchase) or above (for sell) it – transfer the trade to breakeven.
- If the trade is in profit more than 35 points and the next candlestick crosses any of Alligator lines and closes below (for purchase) or above (for sell) it – close the trade at the current price.