Strategy 5: Ichimoku Complex Strategy

: George Solotarov; 10 March 2023; Hits: 499

The scalping strategy Ichimoku Complex Strategy, which features clear rules and fairly accurate signals on the entry into the transaction, is perfectly suited to get a quick profit.

Ichimoku Complex Strategy is based on the use of trend impulses for intraday trading. Here, a large number of indicators are used in the trading process. Their purpose is to cut off false signals for entry. Perhaps some of the filters will seem superfluous to you, so experienced traders can fine-tune the strategy for themselves.

Basic parameters:

1. Timeframe: M5 and larger;

2. Low-spread currency pairs;

3. The best time to trade: London and American session (New York);

4. Risk management: volume of a lot should not exceed 2-5% of the deposit for one trade.

Indicators required for trading:

1. Ichimoku (9, 26, 52);

2. Parabolic Sar;

3. Candle Count Down;

4. Renko Street Trend;

5. Bear and Bulls Power (13);

6. Aliev FX Volume;

7. Momentum (14).

Buy Signals (for buying):

1. The red Ishimoku line has crossed the blue one in an upward direction.

2. the points of Parabolic Sar are below the price;

3. The curve of the Renko Street Trend indicator is above the 100 level;

4. Bars Renko Street Trend and Aliev FX Volume are colored green.

Sell signals (for selling):

1. The red Ishimoku line has crossed the blue one in the downward direction;

2. The points of Parabolic Sar are above the price;

3. The curve of the Renko Street Trend indicator is below the 100 level;

4. Bars Renko Street Trend and Aliev FX Volume are colored red.

Stop Loss and Take Profit setting:

1. Stop Loss is set above/below the Parabolic Sar indicator points;

2. Take Profit is set at a ratio of 2:1 to the Stop Loss level.

The strategy does not cause difficulties, so it is quite suitable for beginner scalpers, but MOFT experts recommend testing it in the strategy tester or on a demo account first.

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.