The Ichimoku_v25 strategy is a trading strategy that uses the Ichimoku Cloud indicator to generate buy and sell signals. Here's a breakdown of what the strategy does:
Indicator Calculation:
The strategy calculates various components of the Ichimoku Cloud indicator, including the tenkan-sen, kijun-sen, senkou span A, senkou span B, and cloud colors (green and red). Buy Signal Generation:
The strategy generates a buy signal when the following conditions are met:
The close price two periods ago crossed above the senkou span A, and the close price two periods ago is greater than both the senkou span A and senkou span B.
The close price two periods ago crossed above the senkou span B, and the close price two periods ago is greater than both the senkou span A and senkou span B.
Sell Signal Generation:
The strategy generates a sell signal when the following conditions are met:
The tenkan-sen crossed below the kijun-sen.
The close price is below both the senkou span A and senkou span B. The cloud color is red. Risk Management:
The strategy sets a fixed stop loss value of -1 (negative value) or -0.35 (commented out). It specifies a minimal return on investment (ROI) target of 100%. Data Timeframe:
The strategy is designed to work with 4-hour (4h) candle intervals. Note: Some commented-out code suggests the presence of additional features like trailing stop loss, trailing stop parameters, and informative pairs, but they are not currently active in this strategy. Please keep in mind that this is a brief summary of the strategy, and there may be more intricacies involved in its implementation or usage.