The Forex Ichimoku Clouds Breakout trading System is designed to run on various indicators. This indicators are the ZB-CloudCandles indicator, ZB-CloudLines indicator, ZB-CloudMatrix indicator, RngersBars indicator, iChimoku_u8 indicator, iChimoku_u9 indicator, iChimoku_u10 indicator and the iChimoku_u11 indicator.
The trading system is available for free download and once downloaded then you can load the template and indicaotr into the MT4.
The Ichimoku Clouds Breakout trading System has two teplates that you can use. There is the plain_m1 template and the ichimoku_u8 template.
The plain_m1 template has no indicators. When loaded it give a plain chart where you can load the indicators that you downloaded together with the system as you so wish. You get to use the indicators of your choice; you can choose to leave out some.
Ichimoku_u8 template on the other hand come with all the templates in it. So you don’t have to load any indicator to it.
Fig.1. Ichimoku_u8 template of the The Forex Ichimoku Clouds Breakout trading System.
How to place oreders using the The Forex Ichimoku Clouds Breakout trading System.
This trading system’s signal to buy or sell comes when the market prices crosses back and forth across the Kumo Cloud. The kumo cloud is formed between the two ZB-CloudLines and in it it is where the ZB-CloudCandles form. The bull ZB-CloudCandles are white while the bear ZB-CloudCandles are red.
- Placing a buy order
When the market prices break out below the Kumo Cloud, you should place a buy order. However you shaould not let the trade to stay in the market for long. Set a low target for your trade and then get out of the market and wait for the next time the systsem gives a signal to paces another trade. Mostly when you place a buy, you should wait for the next signal to be for a sell.
In most cases it is advisable to close the trade immediately you notice the market prices are heading down into the Kumo Cloud again.
Fig.2. How to place a buy trade when using the Ichimoku_u8 template of the Ichimoku Clouds Breakout trading System.
- Placing a sell order
When the market prices break out on top of the Kumo Cloud, you should place a sell order. However you shaould not let the trade to stay in the market for long. Set a low target for your sell trade and then get out of the market and wait for the next time the systsem gives a signal to places another trade. In this case, since you had placed a sell, then the next signal should be for a buy.
In most cases it is advisable to close the trade immediately you notice the market prices are heading down into the Kumo Cloud again.
Fig.3. How to place a sell trade when using the Ichimoku_u8 template of the Ichimoku Clouds Breakout trading System.
Open demo account to test this system.
Download Free Forex Ichimoku Clouds Breakout trading System
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