#971 Kumo Ichimoku Price Action Trading System and Strategy

Forex Kumo Ichimoku Price Action Trading System and Strategy – This is a trend following based on the high accuracy trend filter indicators.

ForexWOT “Kumo Ichimoku Price Action Trading System and Strategy” is designed to generate Price action signals with high accuracy trend filter indicators for the MetaTrader 4 (MT4) platform.

• Time Frame: M30 or higher
• Currency Pair: EURUSD, GBPUSD, USDJPY, GBPJPY, USDCAD, and AUDUSD

 

• Ichimoku Kumo
• Coloured Woodies CCI indicator
• Stoch Tape
• EMA 10 and EMA 5
• Volatility Quality
• Signal Trend

 

• Kumo Ichimoku bullish
• EMA 5 upward above upward EMA 10
• Coloured Woodies CCI indicator blue Woodies histogram and CCI line above 0 level
• Stoch Tape blue color
• The volatility Quality green line above 0 level
• Signal Trend green bars
• The previous candle was a PERFECT BULLISH candle (Price action BUY signal)

 

• Kumo Ichimoku bearish
• Coloured Woodies CCI indicator red Woodies histogram and CCI line below 0 level
• Stoch Tape red color
• EMA 5 downward below downward EMA 10
• Price below EMA 5 and EMA 10
• The volatility Quality red line below 0 level
• Signal Trend red bars
• The previous candle was a PERFECT BEARISH candle (Price action SELL signal)

 

• The initial stop loss 250-300 pips, after 250 pips (Profit Target 1) move stop loss at the entry price + 50 pips to go for Profit Target 2.
• Use a demo account or a small live account first to practice this trading system