Godatum's Ichimoku System

[GodAtum]

Hi all,

I’ve started trading the ichimoku system using the following rules:

Sell signal:

• Price must close below the cloud
• Cloud ahead must be bearish red
• Conversion line is less than the base line
• Lagging span is below the cloud
• Entry Price has to be less than 200 pips from the Tenkan Sen
• Entry Price has to be less than 300 pips from the Kijun Sen

Sell exit:

• Conversion line crosses base line
• Lagging span is above price

Buy signal:

• Price must close above the cloud
• Cloud ahead must be bullish green
• Conversion line is greater than the base line
• Lagging span is above the cloud
• Entry Price has to be less than 200 pips from the Tenkan Sen
• Entry Price has to be less than 300 pips from the Kijun Sen

Buy exit:

• Conversion line crosses base line
• Lagging span is below price

I will only have a maximum of 4 trades open as it’s easier to mange. And looking at the 4H timeframe.

If anyone is interested in the tradingview pine script I’ve made, I’d happily share it. But it needs some work so I’d be grateful for any help

[GodAtum]

Sell signal on the EURUSD 8/3/19 1400 bar. Placed a 0.02 trade @ 1.12332, with a 1.12974 SL and 1.11867 TP.

[Leebax]

i would suggest your stop loss could be alot smaller than that. Maybe just a few pips above the T+K Sen lines. they act as resistence .that way you will bring your r-r down

[GodAtum]

Unfortunately it hit my SP of 1.12597 after reducing to a few pips above the T+K lines.

[ponponwei]

Do you have a public TV profile link? Would like to check it out.

[GodAtum]

Sell signal on the EURJPY 1700 bar. Placed a 0.02 trade @ 125.750, with a 125.982 SL and 125.106 TP. Unfortunately I cannot get the signal to see the lagging span.

[GodAtum]

Trade hit SP.

[GodAtum]

Buy signal on the EURUSD last night.

[GodAtum]

Buy signal on the EURJPY last night.