The Ichimoku_v31 strategy is a trading strategy that utilizes the Ichimoku Cloud indicator to generate buy and sell signals. Here is a brief description of how the strategy works:
The strategy is designed to be used on the 1-hour timeframe. It requires a minimum of 150 candles before producing valid signals.
The strategy uses an additional timeframe of 4 hours for informative purposes.
The strategy calculates the Ichimoku Cloud indicator based on Heiken Ashi candlestick data.
The Senkou Span A and Senkou Span B lines of the Ichimoku Cloud are calculated. The strategy merges the 4-hour informative data with the 1-hour data. For the buy signal, the strategy checks if the close price of the 4-hour Heiken Ashi candle crosses above either the Senkou Span A or Senkou Span B lines, and the previous close price is below the respective line. Additionally, the cloud color is checked to be green for Senkou Span A or red for Senkou Span B. For the sell signal, the strategy checks if the close price of the 4-hour Heiken Ashi candle is below either the Senkou Span A or Senkou Span B lines. The strategy has a minimal ROI (Return on Investment) target of 100%, meaning it aims to achieve a 100% return on investment. The stop loss is set at -0.99, indicating a 99% loss limit. The strategy uses market orders for buying, selling, and stop loss. Please note that this is a simplified description of the strategy, and there may be additional intricacies and parameters involved in its actual implementation.