Forex Ichimoku XO Trading Strategy
Forex Ichimoku XO Trading Strategy;
Ichimoku with I-XO-A_H is a trend following strategy filtered also by Gann support and resistence. The purpose of this strategy is trade in the direction of the trend agree with Ichimoku and bounce on a support or resistance line.
Time Frame 5 min or higher.
Currency pairs: any,
You can apply this strategy also with renk chart box size 3 pips or higher.
Metatrader Indicators:
Gann sq9 default setting,
Ichimoku (19, 39 , 509,
I-XO-A-H 34 period,
Renko indicator.
Trading rules
Trades only in the direction of the trend.
Trend up price above Ichimoku.
Trend down price below Ichimoku.
Buy
Price above ichimoku.
Gann support
I-XO-A-H 34 green bar.
Sell
Price below ichimoku.
Gann resistance
I-XO-A-H 34 gray bar.
Exit position at the next Gann level of resistance or support.
Place initial stop loss at the next swing high/low.
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 Ichimoku XO Trading Strategy?
- Download Forex Ichimoku XO Trading 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 Ichimoku XO 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”.
