TradingStrategyCheck

Ichimoku EMA RSI - Crypto only long Strategy

Hey there!

Here I show you an Ichimoku Cloud Strategy.
I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script.

He said in his video that you would make more profit with this strategy than holding the coin.

Tested with the crypto pair ETH/USDT in the four hour chart.
Period: beginning of 2017 until today.

The strategy should also work with foreign exchange. But then the settings have to be adjusted.

There is the possibility to activate two EMA's and a Stochastic RSI .

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How does the strategy work?

ENTRY
The green Ichimoku lead line must above the red Ichimoku lead line - only the two lead lines are activated.
A green candle must closed above the green lead line.

EXIT
A red candle must close below the green Ichimoku lead line.

OPTIONAL ENTRY
EMA
Once you activate the EMA , long positions will only be taken once the EMA1 is above the EMA2.
Thereby I could observe a significant increase of the profit as well as a decrease of the maximum drawdown.

RSI
As soon as you activate the Stochastic RSI , long positions are only taken when the K line is above the D line.
In the future, I may add an oversold - undersold parameter.

The results of the strategy are without commissions and levers.

If you have any questions or feedback, please let me know in the comments.

If you need more information about the strategy and want to know exactly how to apply it, check out my profile.

I wish you good luck with the strategy!
Release Notes: I have added the possibility to short.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
If you are interested in the script and want to learn more about the settings and applications, check out my Youtube channel. There I regularly publish tutorials. https://youtube.com/channel/UCi9tkR4i8l5oIyF6th_d8Ug

Kommentarer

How to set alerts?

Thanks
+1 Svara
@paranormalrob, I will do a tutorial on this tomorrow or the day after.
Svara
Love this strategy! Thank you!
Just curious, why you didn't do the short entries?
+1 Svara
TradingStrategyCheck stavro_monahos
@stavro_monahos, Hey :) because the strategy was modeled after a Youtuber's strategy and he only uses long. But I will think about implementing the possibility to short as well.
Svara
stavro_monahos TradingStrategyCheck
@TradingStrategyCheck, Thank you, really appreciate it!
+1 Svara
Will try it out and check results.
+1 Svara
@dwjamoney, very nice. Pls let me know the results.
Svara