Ichimactastic Trading System

Trading Systems Free Forex Trading Systems
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[B]Ichimactastic Trading System[/B]

[B]Pairs:[/B] Any [B]Time Frames[/B]: Any [B]Indicators:[/B] Ichimoku (9,26,52), MACD (12,26,9), Stochastic (5,3,3), Pivot Points (Daily, Weekly, Monthly)

[B]Risk:[/B] 50% of entire account capital (Call me stupid. It works for me and I have a small account.)

[B]Brief Description: [/B]Using the Ichimoku, MACD, Stochastic, and Pivot Point indicators to trade on any time frame, taking into account the economic indicators and support and resistance.

[B]Before Entering:[/B]
Step 1) Write down support levels.
Step 2) Write down resistance levels.
Step 3) Check Economic Calender. [B]Do NOT trade short term trades during major events.[/B]
Step 4) Find and make note of goal.

[B]Entry:[/B] Indicator signals needed: Chinkou Span cross and Stochastic Cross. When the Chinkou crosses up, while trending, wait for the stochastic to become oversold. As soon as it crosses go long. This works in opposite also.

[B]Exceptions:[/B] When the MACD crosses opposite of the Stochastic cross at the exact same time. That nullifies the Stochastic and makes the trade not viable.

Step 1) Wait for Chinkou cross and respective Stochastic cross.
Step 2) Go to smaller time frame and find a better entry point.
Step 3) Enter trade.
Step 4) Set stop loss.
Step 5) When goal is reached move stop loss to new location.

[B]Exit:[/B] Exit when Chinkou or Stochastic crosses opposite. Exit if Stop Loss is hit.

[B]Exceptions: [/B][B]If the MACD crosses opposite of the Stochastic at the exact same time. That nullifies the Stochastic signal.[/B]
[B]Goal and Stop Loss Information[/B]
[B]Goal: [/B]Set goals based on Support and Resistance. If long take entry price and subtract it from the resistance. Then divide by two. That is the goal. If short take support price and subtract it from the entry price. Then divide by two. That is the goal. Example: went long at 1.3468 the resistance is 1.3528. 1.3528-1.3468=.0060 or 60 pips. 60/2=30. 30 pips is the goal.

[B]Stop Loss: [/B]Set a stop loss based on support and time frame traded. When goal is reached move stop loss to the break even point. Take 25% of how many pips the goal is and when you reach your goal set a trailing stop loss with that number of pips (round up to the nearest pip). Example: the goal of 30 pips has been reached so now you set a trailing stop for 25% of 30 or 7.5 pips and you round up to the nearest pip so 8 pips is the trailing stop loss. You then let your trade ride until it hits the trailing stop loss. After reaching your goal of 30 pips the least amount of pips you will take is 22 pips. Stop Losses may be moved, but only closer to the entry point and only when new Pivot Levels or Support/ Resistance points have arisen.

What do you think? Hasn’t failed me yet. I’m waiting for it though lol.

2

please post a screenshot
Regards

3

Going to trie it out, looks promising!
What pairs to you Use or options…?

4

Id like to see a screenshot of the system in action, :45: Thanks so much for taking the time to share your system!!!

5

Im just getting involved in a PA only system. But i would like to see some screenshots of this in action as well. Always open to new ideas :slight_smile:

6

I think this is what he is talking about. It looks to have potential.

The lowest arrow is the Stochastic cross.

Capture1.jpg700×527 45.3 KB

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The only thing is: The Chinkou Span is not the two lines that create the Kumo.

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This chart is a little bit rudementary. Doesn’t express it as well as it should be and it’s just a little glimpse. Plus the MACD isn’t on this chart, but you will still get the idea.

9

It wont let me post a screen shot

10

I have more better way then this…

11

than share it mate.

12

cool system just earn 20pips :slight_smile:
today 80 !
thx

13

I lost last night. Would have been a winner had I set my limit price. My fault. Doesn’t reflect on the system though. I’m gonna try to get a screenshot up soon

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[B]Ichimactastic Trading System[/B]

[B]Pairs:[/B] Any [B]Time Frames[/B]: Any [B]Indicators:[/B] Ichimoku (9,26,52), MACD (12,26,9), Stochastic (5,3,3), Pivot Points (Daily, Weekly, Monthly)

[B]Risk:[/B] 50% of entire account capital

[B]Brief Description: [/B]Using the Ichimoku, MACD, Stochastic, and Pivot Point indicators to trade on any time frame, taking into account the economic indicators and support and resistance.

[B]Before Entering:[/B]
Step 1) Write down support levels.
Step 2) Write down resistance levels.
Step 3) Check Economic Calender. [B]Do NOT trade short term trades during major events.[/B]
Step 4) Find and make note of goal.

[B]Entry:[/B] Indicator signals needed: Chinkou Span cross and Stochastic Cross. When the Chinkou crosses up, while trending, wait for the stochastic to become oversold. As soon as it crosses go long. This works in opposite also.

[B]Exceptions:[/B] When the MACD crosses opposite of the Stochastic cross at the exact same time. That nullifies the Stochastic and makes the trade not viable.

Step 1) Wait for Chinkou cross and respective Stochastic cross.
Step 2) Go to smaller time frame and find a better entry point.
Step 3) Enter trade.
Step 4) Set stop loss.
Step 5) When goal is reached move stop loss to new location.

[B]Exit:[/B] Exit when Chinkou or Stochastic crosses opposite. Exit if Stop Loss is hit.

[B]Exceptions: [/B][B]If the MACD crosses opposite of the Stochastic at the exact same time. That nullifies the Stochastic signal.[/B]
[B]Goal and Stop Loss Information[/B]
[B]Goal: [/B]Set goals based on Support and Resistance. If long take entry price and subtract it from the resistance. Then divide by two. That is the goal. If short take support price and subtract it from the entry price. Then divide by two. That is the goal. Example: went long at 1.3468 the resistance is 1.3528. 1.3528-1.3468=.0060 or 60 pips. 60/2=30. 30 pips is the goal.

[B]Stop Loss: [/B]Set a stop loss based on support and time frame traded. When goal is reached move stop loss to the break even point. Take 25% of how many pips the goal is and when you reach your goal set a trailing stop loss with that number of pips (round up to the nearest pip). Example: the goal of 30 pips has been reached so now you set a trailing stop for 25% of 30 or 7.5 pips and you round up to the nearest pip so 8 pips is the trailing stop loss. You then let your trade ride until it hits the trailing stop loss. After reaching your goal of 30 pips the least amount of pips you will take is 22 pips. Stop Losses may be moved, but only closer to the entry point and only when new Pivot Levels or Support/ Resistance points have arisen.
[I][B]Note: [/B][/I][I]Always set a limit order if this is an overnight trade or a Complex Trailing Stop Loss.
[/I]

[B]Added to it so to prevent a loss like I had last night. It is the note at the bottom of the plan. If you have any questions feel free to ask.[/B]

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Ichimactastic2.jpg700×339 45.1 KB

Finally got the screenshot to work!

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So, basecaly:

Wait for chinkou spam to be above price and then enter as STOC tells you too? (is oversold and crosses, in this case)

Cuz in the explanation it says: When the Chinkou crosses up, while trending, wait for the stochastic to become oversold. As soon as it crosses go long.

But in the pick, it seems like you bought when Stoc wasn`t oversold yet…

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If long: As long as Chinkou has crossed up and the stochastic is going upwards (below the 80% line) that is a buy signal. Then you wait for it to cross down which you would then sell.

19

Ok! Now I got it.

Thanks Munz!

20

Good! The screen shot doesn’t have the MACD on it, but do you understand how the MACD comes into play with the system?

21

Please tell me about it?!