Ichimoku Kinko Hyo: Basic Strategy by Mizuki32
By Mizuki32
Performance Metrics
- Author: Mizuki32
- Symbol: FX:USDJPY
- Timeframe: 1 week
- Net P&L: +831,040.00 JPY (+83.46%)
- Win Rate: 53.9%
- Profit Factor: 4.967
- Max Drawdown: 416,100.00 JPY (28.42%)
- Total Trades: 13
- Sharpe Ratio: 0.035
Description
Ichimoku Kinko Hyo: Basic StrategyEntry/Exit orders are placed when three basic signals are triggered.Ichimoku Signals:1) Tenkan-Sen/Kijun-Sen CrossBullish: Tenkan-Sen is above the Kijun-Sen.Bearish: Tenkan-Sen is below the Kijun-Sen.2) Chikou-Span CrossBullish: Chikou-Span is above the close of 26 bars ago.Bearish: Chikou-Span is below the close of 26 bars ago.3) Price versus Kumo CloudBullish: Close is above the Kumo Cloud.Bearish: Close is below the Kumo Cloud.Notes:1) Long-only or short-only direction is feasible by checkbox. Stop and reverse strategy is taken by default.2) Built-in Ichimoku indicator is strictly wrong because of counting one extra bar for all Ichimoku components.Including the current bar like moving average is correct way in Japan. This problem is fixed in my script.