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Rules
Job finished
Specification
Entry and exit based on Ichimoku Kumo and NonLagMa indicator breakout. With a few extra features required.
Indicator
1. ZB-CloudCandles (8,29,34) Visual only.
2. Ichimoku Kinkyo Hyo (8,29,34) Only use the cloud as indicator. Disregard other ichimoku indicators.
3. NonLagMA_v7_M (Default)
Entry
Buy
- When candle close above the cloud
- NonLagMA is white.
Sell
- When candle close below the cloud
-
NonLagMA is red.
Exit Condition
Long Position
- When candle close below the cloud OR
- When candle close IN the cloud
- NonLagMA is red.
Short Position
- When candle close above the cloud OR
- When candle close IN the cloud
- NonLagMA is white.
Taking Profit
Exit 1st half the trade at x pips and other half at x pips as well. If the input is 0, then exit condition is by default(by indicators).
Breakeven
After the 1st half of the trade is hit, move the rest to breakeven. If the input is 0, then there is no breakeven.
Extra Inputs/Features
Spread
Maximum spread to trade. I guess this is pretty common input/feature.
Disabled trade time
Turn off trading whether it is entry or exit between certain time. For example between 9:00 and 9:30, Do not trade at all. This input/feature is to prevent trading during news time while I am away from the computer.
Show risk
As the exit is determine by when bar close inside ichimoku cloud(or close opposite direction) and NonLagMA show opposite trend, risk can be always determine. I want this to be shown while at trade somewhere in the chart.
What to show is the pips distance between current price and closest ichimoku cloud. And Risk in terms of margin percentage. Don’t worry about the accuracy because we don’t know how far the bar is gonna close inside the cloud. Just to the nearest cloud line is enough.
