Ichimoku Cloud Breakout system
Forex Trading Systems

Ichimoku Cloud Break Out System

Introducing you to the Ichimoku Cloud Break out system. This system uses a technical indicator (Ichimoku Kinko Hyo) that is used to gauge momentum along with future areas of support and resistance. The traditional indicator has five lines called the tnkan-sen, kijun-sen, senkou span A, senkou span B, and chickou span. The reason for the development of this indicator was to gauge an assets trend, momentum, support, and resistance without the need of any other technical indicator. This system though was designed to take advantage of the information provided by the traditional indicator in making money right away!

Put these in the indicator folder:

ZB-CloudCandles.ex4

ZB-CloudLines.ex4

ZB-CloudMatrix.ex4

RenkoRangeBarsV1.2 R_KG.ex4

 

Put the following in the Experts folder:

ichimoku_u1.ex4

 

Put the following in the templates folder:

ichimoku_ea_u1.tpl

 

Open a blank chart of any pair.

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the ichimoku hinyo

 

 

 

 

 

Go to file and open your offline chart M20

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Attached the Ichimoku cloud_u1_seller9 template and it should look like the following.

 

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With this EA version, you need to start the EA in the proper direction of Buy or Sell. Since in this case, it is already in Sell mode the next would a Buy when it crosses back up through the cloud and breaks out the top. Open expert settings and set the proper direction. This EA should toggle back and forth between Buy and Sell as it crosses back and forth across the Kumo Cloud. It may get out of sequence at times so check on it to make sure it is looking for the next most likely trade.

Download this system for free here with us and backtest it yourself. You can thank us later!

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