Trending trading strategy Ichimoku with I-XO-A-H
Trending trading strategy Ichimoku with I-XO-A-H - is a system, for trend trading, that uses Ishimoku indicator in combination with support and resistance levels, which are determined by the Gann indicator. Additionally the signals are filtered by the I-XO-A-H oscillator
Trading is assumed in the direction of the current trend, which is determined by the Ishimoku indicator on the price rebound from the support and resistance lines. In addition, the Ichimoku with I-XO-A-H strategy shows good results when used on Renko charts.
Input parameters
- Currency pairs: any
- Timeframe: M5 and older
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Gann sq9 (default settings)
- Ichimoku (19, 39 , 50)
- I-XO-A-H (period 34)
- RenkoLiveChart v600.6 (for generating a Renko chart)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Ichimoku with I-XO-A-H
The schedule should look like this:
Signals indicating the opening of a long position
- The price is above the Ishimoku cloud;
- The price pushed up from the support level of the Gann sq9 indicator;
- The I-XO-A-H oscillator bar is green.
Signals indicating the opening of a short trade
- The price is below the Ishimoku cloud;
- The price pushed down from the resistance level of the Gann sq9 indicator;
- The I-XO-A-H oscillator bar is gray.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous maximum/minimum;
- Take Profit is set near one of the support or resistance levels of the Gann indicator.
Before using Ichimoku with I-XO-A-H trend trading strategy If you have a real deposit, be sure to test it on a demo account.
Download Ichimoku with I-XO-A-H trading strategy template and indicators