SuperIchi Strategy

TRADE CONDITIONS

Long entry:

• Tenkan-Sen is above Kijun-Sen (blue line above red line)
  
• Price closes above both Tenkan-Sen and Kijun-Sen (price closes above both blue and red lines)
  
• Tenkan-Sen and Kijun-Sen is above Senkou Span (both blue and red lines are above cloud)
  
• Senkou Span is green (cloud is green)
  
• Price pulled back and closed below both Tenkan-Sen and Kijun-Sen within last X (configurable in settings) candles (price pulled back below blue and red lines)
  

Short entry:

• Tenkan-Sen is below Kijun-Sen (blue line below red line)
  
• Price closes below both Tenkan-Sen and Kijun-Sen (price closes below both blue and red lines)
  
• Tenkan-Sen and Kijun-Sen is below Senkou Span (both blue and red lines are below cloud)
  
• Senkou Span is red (cloud is red)
  
• Price pulled back and closed above both Tenkan-Sen and Kijun-Sen within last X (configurable in settings) candles (price pulled back above blue and red lines)
  

Risk management:
Each trade risks 2% of account (configurable in settings)
SL size determined by swing low/high of previous X candles (configurable in settings) or using the ATR override (configurable in settings) where the max of swing high/low or ATR value will be used to calculate SL
TP is calculated by Risk:Reward ratio (configurable in settings)

TIPS

Timeframe: I have found best results running on anything 5M and above

CREDITS
SuperIchi by LuxAlgo

Versionsinformation:

Removing plots used for debugging purposes