74# Kumo Breakout for intraday trading
High frenquency trading with Kumo
Breakout with cloud lines and Kumo
Submit by Leon
Kumo Breakout for intraday trading is a trading system based on the Ichimoku (kumo), the setting is for intraday trading for high frequency trading. This strategy is pure trend following there are not other filters clear and simple to apply.
Time frame 5 min, 15 min.
Currency pairs: Majors, Indices, and Gold.
Metatrader Indicators setting
ZB-cloudlines (8, 24, 48),
Fast moving average arrow (1,3,1,5),
Pivot Points levels,
Kimo Breakout histo (8 , 24, 48).
Trading rules Kumo Breakout for intraday trading
Trades only in the direction of the Kumo trend.
Do not entry buy above R2 or Sell below S2 pivot points levels.
The price breaks upward the kumo cloud lines.
Kumo breakout histo green bar.
Re-enter in same direction when appears Fast MA buy arrow.
Do not entry buy above R2 pivot levels.
Place initial stop loss below the previous support level.
Make profit at the resistance levels.
The price breaks downward the kumo cloud lines.
Kumo breakout histo red bar.
Re-enter in same direction when appears Fast MA sell arrow.
Do not entry buy above s2 pivot levels.
Place initial stop loss above the previous resistance level.
Make profit at the support levels.
In the pictures Kumo breakout intraday trading.
Share your opinion, can help everyone to understand the forex strategy
jack (Thursday, 31 January 2019 16:19)