Advanced High Profits M15 Double Ichimoku Cloud Forex Trend Trading System. Ichimoku splits the chart clearly into buying and selling momentum so that you can identify and trade in the direction of overall momentum and avoid those career-ending large losses.
In the beginning, the same new forex trader, i tried a lot of indicators and systems, but i ended up with ichimoku cloud indicator which you can find at any MT4 indicator. ichimoku cloud attracted me and gave me a consistent signal and profit.
This double Ichimoku Cloud system works well on any market, any timeframe. I use it to trade forex on the M15.
The Ichimoku system is a moving average based trade identification system. It is quite elaborate and novice traders might find it difficult to read. However, in this trading system we are only using two core components which is Ichimoku Kumo and BBands Stop, since the information they provide is sufficient for the kind of market conditions we want to identify.
Best Time Frame : 15 min
Currency Pairs : any.
This is a very simple Double Ichimoku Kumo (Cloud) Breakout trading strategy. When price is above the cloud we have an uptrend (we only trade long), when it is below the cloud we have a downtrend (we only trade short) and when price is inside the cloud we have a neutral situation (no trade).
The projected portion of the cloud can also be used as an indication of future market conditions. The height of the cloud is a representation of volatility, so a thinner cloud would indicate lower volatility, and a thicker cloud will represent stronger areas of support and resistance.
The cloud (also named Kumo in Japanese) is the area between Senkou Span A (also named SSA) and Senkou Span B (also named SSB). The SSB is the stronger of the two lines and will generally form solid S/R levels. Markets are said to be bullish when SSA is above SSB, and bearish when SSA is below SSB. A crossing of SSA and SSB lines (usually triggering a change in the cloud color) is called a Kumo twist and can be a sign of potential trend inversion.
Forex M15 Double Ichimoku Cloud Metatrader Indicators :
- ZB-Cloudlines indicator;
- ZB-Cloudcandle indicator;
- 4 MTF HAS Bars;
- Bollinger Band Stop Indicator c.4;
- Candle closing Time.
- M15 ZB Cloud above H1 Ichimoku Cloud;
- Price above ZB Cloud;
- To buy the blue dots BBands Stop have to be below price, and there has to be a single confirmed green candle before that;
- 4 MTF HAS Bars blue.
- M15 ZB Cloud below H1 Ichimoku Cloud;
- Price below ZB Cloud;
- To buy the red dots BBands Stop have to be above price, and there has to be a single confirmed green candle before that;
- 4 MTF HAS Bars red.
Ichimoku Trading NOTE:
Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs – the Ichimoku Cloud.
This indicator is not only easy to learn, but highly accurate in giving JPY trading signals. When one learns how to use it correctly, one can build a very high accuracy and profit ratio trading the JPY pairs which can be some of the most volatile.