Forex RMO Ichimoku Trading Strategy
Forex RMO Ichimoku Trading Strategy;
Rmo with Ichimoku is a trend- momentum strategy. Rmo is a Metastock indicator but here we have a modified version by Madlen with arrow. RMO indicator is a gauge to market direction. It is displayed as a histogram. As a bullish “buy” sign, we will look for the point at which the histogram shows movement crossing the oscillator’s zero line going upwards. If it should go down and cross the line going down, that would be our “sell” sign, or a “short-sell” sign.
RMO signals are filtered by Ichimoku cloud. This strategy is also good for trading with renko chart.
Time frame 15 min or higher.
Financial markets:any.
Renko chart 5 pips box size or higher.
Metatrader 4 indicators
Ichi 360 monitor,
Ichimoku alert,
rmo signals,
Renko live chart 600+.
RMO with Ichimoku trading rules
Find the trend
Buy
Ichi360 monitor with the blue arrows.
Example time frame 15 min Ichi blue arrows at the 5 min, 15 min, 30 min and 60 min.
Price above the cloud.
Rmo buy signals: you can use only the arrows or also the dots.
Sell
Ichi360 monitor with the red arrows.
Example time frame 15 min Ichi red arrows at the 5 min, 15 min, 30 min and 60 min.
Price below the cloud.
Rmo sell signals: you can use only the arrows or also the dots.
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 RMO Ichimoku Trading Strategy?
- Download Forex RMO Ichimoku 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 RMO Ichimoku 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”.
