A simple strategy for long spot or long futures (swing traders) based on a basic method of Ichimoku Kinko Hyo strategies.
The strategy is simple:
- Buy when the price breaks the cloud - Close the trade when the price closes again inside the cloud.
The parameters that work best on this strategy are 10,30,60,30 and 1 for Senkou-Span A but you can try classic Ichimoku parameters (9,26,52,26,26) or whatever you want like (7,22,44,22,22), (10,30,60,30,30) and others.
-1D chart
I have removed everything from the interface except the cloud to make it visually more aesthetic :D (but if you want to see all the ichimoku indicator you can put in again into the chart) I have also added several functions for you to do your own backtesting:
- Date range - TP AND SL method - Includes long or short trades
The strategy starts with 500 $ and use 100% for trade to make the power of the compounding :P
Remember that this is for only educational porpouse and you must to do your own research and backtested on your usually market..
I hope you like it enjoy and support this indicator :)
Hi, Thank You for your work! After my favorite setting modifications it works really really good, however is it possible to get also invert situation, where after price close under the cloud ( eventually with 1 candle offset for security.. ) Short position is opened, and closed after % or simply next contact with cloud? With this option in over one hour charts, this will be very profitable. I have seen in code some SELL word but definitely I have missed something if this option exists..
Second question is it possible to change this strategy for an indicator? I have nice settings for reverse indicator but nothing for strategies and with my talent I will lose lot of money and time to build some.. :D
Iwishtoknew22
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@Iwishtoknew22, Edit. I have found them.. I should first think double and than move... ;)
InsertCheese
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@Iwishtoknew22, Hello friend, if you can build the indicator or the strategy you want if you understand the pine script language, I personally have other more sophisticated strategies that I don't share, but I decided to share this one so that people can make modifications on it
Iwishtoknew22
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@InsertCheese, I'am trying to but any modification takes me weeks ;) Anyway I will learn it cause pine language has showed me truth about indicators, and now am not so sure about them like before :D
Thank You for your work!
After my favorite setting modifications it works really really good, however is it possible to get also invert situation,
where after price close under the cloud ( eventually with 1 candle offset for security.. )
Short position is opened, and closed after % or simply next contact with cloud?
With this option in over one hour charts, this will be very profitable.
I have seen in code some SELL word but definitely I have missed something if this option exists..
Second question is it possible to change this strategy for an indicator?
I have nice settings for reverse indicator but nothing for strategies and with my talent I will lose lot of money and time to build some.. :D