Forex Kumo Breakout Trading Strategy
Forex Kumo Breakout Trading Strategy:
Kumo Breakout for intraday trading is a trading system based on the Ichimoku (kumo), the setting is for intraday trading for high frequency trading. This strategy is pure trend following there are not other filters clear and simple to apply.
Time frame 5 min, 15 min.
Currency pairs: Majors, Indices, and Gold.
ZB-cloudlines (8, 24, 48),
Fast moving average arrow (1,3,1,5),
Kimo Breakout histo (8 , 24, 48).
Trading rules Kumo Breakout for intraday trading
Trades only in the direction of the Kumo trend.
Do not entry buy above R2 or Sell below S2 pivot points levels.
Buy
The price breaks upward the kumo cloud lines.
Kumo breakout histo green bar.
Re-enter in same direction when appears Fast MA buy arrow.
Do not entry buy above R2 pivot levels.
Place initial stop loss below the previous support level.
Make profit at the resistance levels.
Sell
The price breaks downward the kumo cloud lines.
Kumo breakout histo red bar.
Re-enter in same direction when appears Fast MA sell arrow.
Do not entry buy above s2 pivot levels.
Place initial stop loss above the previous resistance level.
Make profit at the support levels.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Kumo Breakout Trading Strategy?
- Download Forex Double CCI RSIOMA Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Kumo Breakout Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
