SuperTrade Ichimoku Cloud Strategy by SupertradeOfficial
By SupertradeOfficial
Performance Metrics
- Author: SupertradeOfficial
- Symbol: OANDA:XAUUSD
- Timeframe: 1 day
- Net P&L: +659.21 USD (+64.47%)
- Win Rate: 40.1%
- Profit Factor: 2.603
- Max Drawdown: 66.23 USD (4.43%)
- Total Trades: 147
- Sharpe Ratio: −0.219
Description
Unlike SuperTrade's Super Trend the Ichimoku Cloud Strategy is a trend-following system derived from the Ichimoku Kinko Hyo indicator. It helps identify market direction, momentum, and potential support/resistance zones. This strategy uses key components of the Ichimoku Cloud to determine bullish or bearish trends and executes trades accordingly.🔍 Key Components UsedConversion Line (Tenkan-sen) – short-term average (9-period Donchian midpoint by default)Base Line (Kijun-sen) – medium-term average (26-period Donchian midpoint)Leading Span A (Senkou Span A) – average of Conversion Line and Base Line, plotted forward by 26 periods.Leading Span B (Senkou Span B) – 52-period Donchian midpoint, plotted forward by 26 periods.Lagging Span (Chikou Span) – current close price, plotted backward by 26 periods (for visual reference only in this version).The cloud (Kumo) is the area between Leading Span A and B, representing trend direction and potential support/resistance.📈 Entry Rules (Buy Condition)A long trade is entered when:LeadLine1 > LeadLine2 → This implies a bullish cloud.Close > LeadLine1 and Close > LeadLine2 → The price is trading above the cloud, confirming upward momentum.This combination indicates a strong bullish trend, so the strategy enters a long position.📉 Exit Rules (Sell Condition / Close Position)The long trade is closed when:LeadLine1 < LeadLine2 → This implies a bearish cloud.Close < LeadLine1 and Close < LeadLine2 → The price has fallen below the cloud, signaling trend weakness or reversal.This confirms a bearish trend, prompting the strategy to exit the long position.✅ Must-Have Elements in This StrategyEntry Logic – based on price position relative to the cloud and cloud direction.Exit Logic – closes the position when price shifts to a bearish trend.Overlay Enabled – plotted over price for visual confirmation of signals.Dynamic Parameters – inputs for conversion/base/cloud lengths and displacement.Visualization – plots all Ichimoku components including cloud fill for clarity.No Shorting Logic Yet – this version only handles long trades; shorting can be added optionally.No Stop-Loss or Take-Profit – trades are closed purely based on Ichimoku trend reversal.