Trending strategy Japan Ichimoku

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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

Buy signal
Buy signal
  1. Next candlestick closes above top border of Ichimoku cloud.
  2. A candlestick closes above Alligator indicators.
  3. CCI and Stochastic are higher than 50 level.
  4. Conditions could occur simultaneously and in any order, but at the opening of the next candlestick they must be met.
  5. At the opening of the next candlestick – buy.

Sell signal

Sell signal
Sell signal
  1. Next candlestick closes bellow bottom border of Ichimoku cloud.
  2. A candlestick closes bellow Alligator indicators.
  3. CCI is lower than -50 level and Stochastic is lower  than 50 level.
  4. Conditions could occur simultaneously and in any order, but at the opening of the next candlestick they must be met.
  5. At the opening of the next candlestick – sell.

Monitoring of a deal

  1. Stop loss is 35 points, take profit is 130 points.
  2. When the price overcame 35 points in the direction of a trade – transfer the deal to breakeven.
  3. 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.
  4. 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.
  5. 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.
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