MTF Ichimoku System | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Hi,
This system is a 2 Ichimoku system. There is no Ichimoku balance table system
Let's see if this system I like works for other traders here.
The system is intuitive and easy to use for "beginners"
This system is suitable for M15/M30, M30, H1 and H1, H4 setups.
I use it most on H1/H4
The template can be found here: http://www.forexfactory.com/showpost...41&postcount=4
I have had success in all majors using this system.
I would not trade "spread" currency pairs.
When you trade you always need to calculate your risk/ratio.
Some trades will have a poor R:R and should not be traded.
So lets start!
Set up the installation 2 MTF and 2 time ranges I specified (take h1/h4 as an example)
I trade when price enters the "space" between the two clouds.
For example orange is long and green is short.
When price reaches the next cloud, S/L is outside the cloud in the opposite direction and TP is in the opposite direction.
Example long is:
Initial trade.
Enter long on 1.36669
S/L: 1.36079.
T/P: 1.37453.
I will adjust S/L and T/P during the transaction.
Okay, let's start with this information and see if you have any questions.
This system is a 2 Ichimoku system. There is no Ichimoku balance table system
Let's see if this system I like works for other traders here.
The system is intuitive and easy to use for "beginners"
This system is suitable for M15/M30, M30, H1 and H1, H4 setups.
I use it most on H1/H4
The template can be found here: http://www.forexfactory.com/showpost...41&postcount=4
I have had success in all majors using this system.
I would not trade "spread" currency pairs.
When you trade you always need to calculate your risk/ratio.
Some trades will have a poor R:R and should not be traded.
So lets start!
Set up the installation 2 MTF and 2 time ranges I specified (take h1/h4 as an example)
I trade when price enters the "space" between the two clouds.
For example orange is long and green is short.
When price reaches the next cloud, S/L is outside the cloud in the opposite direction and TP is in the opposite direction.
Example long is:
Initial trade.
Enter long on 1.36669
S/L: 1.36079.
T/P: 1.37453.
I will adjust S/L and T/P during the transaction.
Okay, let's start with this information and see if you have any questions.
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