Using the Ichimoku cloud indicator this strategy aims to find the optimal entry and exit points without notable configurable parameters. Timeframes are customizable by setting
PERIOD to the candlestick size you prefer to trade on.
This strategy will buy when Tenkan-sen crosses up Kijun-sen, it will sell when Tenkan-sen crosses down Kijun-sen. You can configure if the support or resistance at the Kumo level needs be considered for trades to be placed.
This strategy is not meant as a fast trading strategy. Don’t be suprised about very long timeframes between trades.
Warning:Â This strategy has no
GAINprotection. Be aware that this can lead to sell orders below your break-even point.
This example applies when
KUMO_SENTIMENTS are enabled. With
KUMO_SENTIMENTS set to false a trade would be placed on every crossing of Tenkan-sen and Kijun-sen, regardless if prices are above or under Kumo (the cloud).