Fukuiz Octa-EMA + Ichimoku (Strategy) by Fukuiz
By Fukuiz
Performance Metrics
- Author: Fukuiz
- Symbol: BINANCE:DOTUSDT
- Timeframe: 1 hour
- Net P&L: +846.61 USD (+8.47%)
- Win Rate: 40.8%
- Profit Factor: 1.273
- Max Drawdown: 748.07 USD (6.86%)
- Total Trades: 125
- Sharpe Ratio: 0.211
Description
This strategy is based EMA of 8 different period and Ichimoku Cloud which works better in 1hr 4hr and daily time frame.#A brief introduction to Ichimoku #The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.#A brief introduction to EMA#An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period.#How to use#The strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.EMA (Color) = Bullish trendEMA (Gray) = Bearish trend#Condition#Buy = All Ema (color) above the cloud.SELL= All Ema turn to gray color.