Ichimoku Trading Strategy #1 - The Tenkan-Sen Kijun-Sen Crossover
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- Опубликовано: 11 июн 2024
- A robust Ichimoku Trading Strategy relies on the different components of the indicator being correctly combined. The Tenkan-Kijun Cross Trading Strategy is given this name from the rules of the signal, but there are also additional filter rules that are required based on a combination of price action, the Ichimoku Cloud (Kumo), and the Chikou Span. This episode explains each step of this popular trading strategy.
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This is Episode 9 in the Darwinex 'Spotlight on Trading Indicators' Playlist: • Spotlight on Trading I...
Video Contents:
00:00 Ichimoku Trading Strategy
00:14 Why Darwinex?
01:09 Tenkan-Sen Kijun-Sen Crossover
07:21 Tenkan Kijun Cross Examples on Price Charts
12:18 Additional Trading Rules
13:56 Summary and Next Episodes
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Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
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A Trailing-Stop may improve the strategy for not getting out of the trend early when the two lines come close together but not cross.
I will test that. Thanks, Martyn
i Just did it Filter working am using a 500 point TrailingStop
Nice video. How will you backtest the strategy? Will you develop an EA with all the parameters and use the Metatrader tester?
Hi Vassillis. Basically yes, but I will be using some bespoke metrics and analysis also.
@@Darwinexchange Thank you for your reply. I would like to make some system suggestions.
1. The KUMO breakout. Once price breaks the KUMO we open the trade, using the other part of the KUMO as the stop and a possible take profit 1,5 times the stop loss.
2. Adding to the above, rather simplistic method we could add the cross of the TENKAN with the KIJUN, keeping the stop loss and take profit identical. We could also close the trade once the TENKAN and KIJUN cross in the opposite direction.
3. Adding one more parameter to the previous system we could require the cross of TENKAN and KIJUN to be outside the KUMO, above for a long and below for a short.
4. One more parameter could be the forward drawn KUMO to also be in the correct direction.
5. We should not forget the CHIKOU that we would also like it to be above price for longs and below for shorts.
Other parameters that we could consider are the thickness of the cloud, the avoidance of a flat KIJUN. Some more thoughts could be to keep adding new trades in retracements to the KIJUN line, trailing the stop loss accordingly, partial profit taking etc etc. All of the above are valid filters but the selected time frame and pair will also affect the result.
The question to all of the above is how do you check all those parameters? Apparently every time we add a new control trades will be fewer and of better quality (or not). Those parameters can be easily described but having 100 trades of each variation to make a proper evaluation looks like a Herculean task.
Do not delay too much in making the next video, please!
Out on Friday Leon! Cheers, Martyn
@@Darwinexchange Bieeeeeeennnn!!!!
Gem