You said:
To SELL:
Condition 1: Tenkan Sen below Kijun Sen.
Condition 2: Chikou Span below the Price Line.
Condition 3: Current Price below the Cloud.
To BUY:
Condition 1: Tenkan Sen above Kijun Sen.
Condition 2: Chikou Span above the Price Line.
Condition 3: Current Price above the Cloud.
As soon as ALL 3 conditions are satisfied, enter into the position at the open of next candle. Use 2 lots to enter the position.
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Maybe I'm missing something. I don't understand how the Chikou line can help you with either entry or exit because it lags. How can we compare the Chikou span with the price line when the Chikou span isn't plotted on the current candles? I can see how it would help with backtesting, but you don't have that information when trading it real-time.
What am I missing?
Dan
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