This isn't a trade system that I've used, but one that I'm planning to experiment with after getting decent results with limited back-testing on only Bitcoin (thus, I'd probably only use it on Bitcoin, for the moment).
Pretty simple rules, but it seems to be an effective profit-grabber with decent success rate.
What do you think?
코멘트
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Example of a trade out of this set-up.
코멘트
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Same trade as above, but with the fibs ret. levels more visible.
Very interesting, thank you for this. Usually, Ichimoku traders are purist.. they use Ichimoku and anything However, Fibonacci + Ichimoku is a well respected technique as welI, I'll backtest it too. I find it very helpful to mix Ichimoku and RSI divergence too, this combo can give useful signals combined to the kijun-price cross.
BTW, I was using 20, 60, 120, 30 as my settings for my Ichimoku settings, on the 4 time-frame. And I agree about the RSI divergence - very useful.
JamesBrown
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Here's the trade-plan copied and pasted from my chart:
Plan: when quick (conversion) line crosses the slow (base) line, set up trade on that side, but only if a price swing allows for a 50 to 61.8% retracement without dropping below the base line.
Enter between 30% and 38.2% retracement (30% triggers more often) of any price swing that follows these guidelines after the cross happens.
As long as price is above cloud and the conversion line stays above the base (in case of long trade), another trade may be taken on the next correction, but only if it follows the above guidelines.
Stop may be placed below the 50% to the 61.8% retracement, but the base line MUST BE ABOVE THE STOP (for longs)! Target a 2 to 1 reward.