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Ichimoku Kumo breakout strategy ...


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Ichimoku Kumo breakout strategy ...

  #41 (permalink)
 parsamkk 
new york
 
Experience: Advanced
Platform: NinjaTrader, tos
Trading: es
Posts: 94 since Nov 2011
Thanks Given: 26
Thanks Received: 27

Any update on this strategy ? Is anyone using it ?

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  #42 (permalink)
archReactor
San Francisco, CA, USA
 
Posts: 7 since Apr 2023
Thanks Given: 0
Thanks Received: 5


Hifive5 View Post
Hi Ichimoku traders,
My previous Ichimuko Strategy was intended to see if NT7 Wizard is capable of meeting all conditions that Patel mentioned in his last webinar and I think it worked fine, but as a “day trader” I wanted a strategy to work for day trading, so I went and created another strategy very similar to the previous one but with some minor tweak to the buy/sell and exit signals.

Strategy was created using NT7 Wizard.
The Strategy should meet 4 main conditions within Ichi Indicators ONLY in order to get into Long/Short trades.


Long Trade should meet the below conditions:
  • Price > Tenkan > Kijun San
  • Tenkan San Crossing above Kijun San
  • Price above clouds (Either way, if clouds going down or up, and OFFSET between cloud and price has to be above 5 ticks)
Price(5)> (SenkouSpanA > SenkouSpanB Or SenkouSpanA < SenkouSpanB)


Since wizard does not have Or condition at same “set” I created two separate “sets” to meet either one of these given conditions (see attached gif files)
  • Chiku span(10) > Price (26 bars ago)(Chiku above price by at least 10 ticks…still not sure which offset would work the best, but for now 10 seems to be working fine)
For” Exit Long” I used two conditions One would be for normal exit and one is force exit:
Normal Exit: Kijun San Crossing above Tenkan San

For” False Long” entries, the below condition seems to be working effectively:
Price <= KijunSan
Or
Price <= SenkouSpanA



Short Trade should meet the below conditions:
  • Price < Tenkan < Kijun San
  • Tenkan San Crossing Below Kijun San
  • Price Below clouds (Either way, if clouds going down or up, and OFFSET between cloud and price has to be above 5 ticks)
Price (5)< (SenkouSpanA > SenkouSpanB Or SenkouSpanA < SenkouSpanB)
Since wizard does not have Or condition at same “set” I created two separate “sets” to meet either one of these given conditions (see attached gif files)
  • Chiku Span(10)< Price (26 bars ago)(Chiku above price by at least 10 ticks…still not sure which offset would work the best, but for now 10 seems to be working fine)
For” Exit Short” I used two conditions one would be Normal exit and one force exit:
Normal exit: Kijun San Crossing Below Tenkan San

For” False Long” entries, the below condition seems to be working effectively:
Price >= KijunSan
Or
Price >= SenkouSpanA


Additional Indicators:
- A vertical lines (Red=Short and Green=Long) when all conditions meets.
- An “arc” line that would start from Chiku Span to the current index (To help traders to visually see if chikuSan is above/Below the price(26), in case Manual trading)
- Visual indicator to change bar color to Yellow when all Ichimoku Indicators meet conditions for Buy or Sell signal.

Additional help needed:
- Add Stop exit two tics above/below Kijun Span ( It may be high ticks for stop for some traders)
- If possible to enter trade using Bid/Ask instead market price.
- To start strategy around Eastern time for open/close market (To keep it as optional as some people may use the strategy open 24 hours)
- To fix attached zip file in order to see on chart the future Kumo clouds (If possible, if not that is fine)

Note: This Strategy Compatible with NT7 only. I found it to work great using 3M and 5M especially with YM/FDAX /CL and 6E
I do not trust NT “back testing” therefore my daily screen caps will be from Daily SIMs.
If happen to have an open trade near market close hour I will manually exit the trade, no matter what.(Trying to imitate live trade as much as possible)
Big Mike: If you think I rather start my own thread, please let me know and I will do so. Basically, my whole point here is to start a basic strategy that we all could fetch in and add/edit it to make it as robust as possible, for Ichimoku could work great on Minute frames.
Regards;
HiFive5


@Hifive5 Any change your indicator and strategy can be converted to NT8 ???

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  #43 (permalink)
archReactor
San Francisco, CA, USA
 
Posts: 7 since Apr 2023
Thanks Given: 0
Thanks Received: 5



archReactor View Post
@Hifive5 Any change your indicator and strategy can be converted to NT8 ???

Never mind got it working on NT 8

I renamed it to IchimokuADX . Let me know what you think


Screenshot 2023-04-21 234210

Attached Files
Elite Membership required to download: IchimokuADX.cs
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  #44 (permalink)
archReactor
San Francisco, CA, USA
 
Posts: 7 since Apr 2023
Thanks Given: 0
Thanks Received: 5

@Hifive5 For some reason the ichimoku strat, same one for nt7 i converted to nt8 doesnt find any long buys , even though there are signals in the chart.

Attached Files
Elite Membership required to download: IchimokuIntraDayStrat.cs
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Last Updated on April 22, 2023


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