For those of you looking for complete solution for ichimoku trading, this might be it. Complex ichimoku forex strategy utilizing multitude of tools to achieve one very simple goal. Win and win consistently.
Get MT4 Expert Advisor trading this Forex strategy ↴
Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.
Trade automatically, without errors and emotions. Save your time and energy.
Ichimoku indicator with higher calculation period is used for trend identification. Once confirm the trend direction Demarker momentum signal is used for entry timing. Indicator will consider only close data for the entry, which makes the test quite accurate.
Advanced parabolic sar base trailing stop is used for position liquidation. However expert includes take profit function if you decide to experiment with thousands of possible profitable variations.
Forex strategy was tested on high quality historical data since 2003 confirming its profitability.
Forex strategy tools and indicators
Ichimoku kinko hyo(90,260,520). Chinkou span is omitted from the calculation. Trend identification. All position must follow trend.
Demarker (30) Momentum signal. DeM closing below 0,3 (buy above zone) line or above 0,7 (sell below zone)line will trigger the entry. System consider previously closed DeM and compares it to previous value. This little trick will help us to avoid multiple entry on same signal.
SAR parabolic (step 0,005, max 0,05). Entry is confirmed by position of SAR dot. This is both trend and momentum filter in this forex strategy. Additionally trailing stop is lead by the closed SAR dot.
Trailing stop (SAR based) Extra deviation 60 pips is applied to allow us to follow long term trend.
Forex strategy rules
For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.
SELL
The upper cloud edge, consisting of span B and span A line is above the price.
Span B is above the span A.
Kijun sen (blue line) trends above tenkan sen (red line).
This position of the indicator relative to the price confirms the downtrend.
We will be looking of short entry.
DEM falling below 0,3 line while previous close was above it.
Price closing below the SAR dot.
We enter the trade short, placing trailing stop at last closed SAR dot + extra deviation above.
Take profit may be placed in some combination of input parameters.
BUY
The bottom cloud edge, consisting of span B and span A line is below the price.
Span B is below the span A.
Kijun sen (blue line) trends below tenkan sen (red line).
This position of the indicator relative to the price confirms the uptrend.
We will be looking for long entry.
DEM rising above 0,7 line while previous close was below it.
Price closing above the SAR dot.
We enter the trade long, placing trailing stop at last closed SAR dot - extra deviation below.
Take profit may be placed in some combination of input parameters.
Get MT4 expert advisor trading this forex strategy
For best results, use this forex strategy with one of our trusted forex brokers
(STP/ECN with MT4 bridge).
To win you must trade with broker on your side.
Disclaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.
