Trending trading strategy Ishimoku System
Trending trading strategy Ishimoku System is based on Ishimoku indicatorIt can be used on all currency pairs, two Alligators and other standard indicators. It can be used on any currency pairs and timeframes. The strategy is based on Subject: on one of the forums. It aroused the interest of local traders, let's see why.
Input parameters:
- Currency pairs: any.
- Timeframe: M15 and higher.
- Bidding time: any.
- Risk Management: After calculating the stop-loss, choose such a volume of the lot that the risk was no more than 2-5% of the deposit per trade.
Used indicators
- Ichimoku
- Alligator
- Stochastic (only with a midline of 50)
- CCI (50, 50, -50)
Installing the strategy template
- Unpack the archive with the template.
- Copy the templates into the templates folder.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Install a template named IshimokuSystem.
The schedule should look like this:
Signals indicating the opening of a long position (buying)
- The price is above the Ishimoku cloud.
- The price is outside both Alligator Bands.
- Stochastic has crossed the 50 level from the bottom to the top.
- The CCI crossed the 50 level from the bottom to the top.
- Stop Loss is put under the nearest local minimum.
Signals indicating the opening of a short position (sale)
- The price is below the Ishimoku cloud.
- The price is outside both Alligator Bands.
- Stochastic has crossed the 50 level from top to bottom.
- The CCI crossed the -50 level from top to bottom.
- The stop loss is placed over the nearest local maximum.
Possible signals for closing a deal
- Stochastic has crossed the 50 level in the opposite direction.
- The CCI has entered the zone between the 50 and -50 levels.
- The price went inside one of the Alligator bands.
According to ForTrader, Ishimoku System trend trading strategyTaking into account the peculiarities of the Ishimoku indicator, it is more appropriate to use it on higher timeframes (minimum - from H1, optimal - from H4). The strategy is simple and understandable even for beginners, and for more experienced traders there is a field for experiments in replacing the standard indicators with their modified versions.
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