The "Ichimoku_v37" strategy is a trading strategy that uses the Ichimoku indicator to generate buy and sell signals. Here's a breakdown of what the strategy does:
Timeframe: The strategy operates on the 4-hour timeframe. Informative Pairs: The strategy retrieves data for informative pairs on the daily timeframe.
Indicators: The strategy populates various indicators for the 4-hour and daily timeframes.
It uses the Heikin Ashi candlestick data and calculates the Ichimoku Cloud components (Senkou Span A, Senkou Span B, Cloud Green, Cloud Red) for the daily timeframe.
Buy Signal: The strategy generates a buy signal when the following conditions are met on the 4-hour timeframe:
The current candle closes above the Senkou Span A of the daily timeframe. The previous candle closed below the Senkou Span A of the daily timeframe. The Cloud color on the daily timeframe is green (Cloud Green) or red (Cloud Red). Sell Signal: The strategy generates a sell signal when the 4-hour candle closes below either the Senkou Span A or Senkou Span B of the daily timeframe. ROI and Stoploss: The strategy has a minimal ROI (return on investment) of 100% and a stoploss of -0.99, which means that if the trade goes against the strategy by 99%, it will be closed. Other Settings: The strategy uses market orders for buying, selling, and stop-loss. It requires a startup candle count of 150 before producing valid signals. It also ignores the ROI (return on investment) if a buy signal is present. Overall, the strategy aims to capture trends by using the Ichimoku Cloud indicator on the 4-hour timeframe and confirming the signals with the daily timeframe. It generates buy signals when the price crosses above the Senkou Span A or Senkou Span B on the 4-hour timeframe and the Cloud color on the daily timeframe is supportive. It generates sell signals when the price crosses below the Senkou Span A or Senkou Span B on the 4-hour timeframe.