Ichimoku and demarker scalping forex strategy

This trading system works well both as scalping forex strategy in lower timeframes, or as a standard day trading strategy in 1, or 4 H chart. Aggressiveness of strategy can be scaled up or down according to prefferences of the trader. Build in trail stop can be used additional deviation and take profit can be utilized too.

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We have tested this forex strategy with great results only for small fraction of viable input range. Testes were run on high quality tick data since 2003 (1H EURUSD). As we mentioned before it works for ultra wide variety of settings.

 

Used tools and indicators

 

Ichimoku kinko hyo (520,260,90). Primary trend filter. Higher calculation period. Tenkan sen will lead our trailing stop and all positions must follow ichimoku identified trend.

 

Demarker (14) entry signal. We will wait for signal completion (indicator returning from overbought/ oversold zone) before entering the trade.

 

Advanced Trailing stop (extra deviation for trail stop 40 pips) TS is based on Tenkan sen line of the ichimoku (red). Extra deviation can be applied to cover additional market volatility.

 

Max open trades(5) Strategy allows opening more than one trade per direction at the same time. This increases the risk and it is necessary to adjust the leverage.

 

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.

 

Forex strategy rules

 

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 for Demarker crossing above 0,7 line. Once it closes back below it, we enter the trade short.

TS is placed according to tenkan se (red) but it is placed above it according to extra deviation for trail stop applied.

 

Take profit: not used in test

 

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 Demarker crossing below 0,3 line. Once it closes back above it, we enter the trade long.

TS is placed according to tenkan se (red) but it is placed below it according to extra deviation for trail stop applied.

 

Take profit: not used in test

 

 

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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.

 

 

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“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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