Ichimoku Breakout Strategy
Who doesn’t know Ichimoku kinko hyo? I think all forex traders know these legend indicators. This Ichimoku ren or Kinko hyoForex scalping sometimes can be fun for scalping or even for a swing if we find a good trading plan on this using this indicator. A good trading plan it means high ratio profit with low ratio loss and getting profit more often than loss. This forex scalping trading technique is called Ichimoku Cloud Breakout Forex Strategy (or kumo breakout). After downloading and copying the necessary files, apply to any major currency pair such as EUR/USD, GBP/USD, USD/CAD or USDJPY, EURJPY, and set the time frame to M5 (5 minutes). This is a scalping technique so we should use such small time frames.
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Ichimoku scalping strategy is profitable and trading signals are very easy to follow. The entry for the Kumo breakout trading strategy is simple. 😉 When the price closes above/below the Ichimoku, the trader opens a trade in the direction of the breakout. In other words, just follow the candle colors on your chart. Here is an example below :
Ichimoku Cloud Breakout Forex Strategy Trading Rules:
We are going to open a long position (buy) when the candle turns green.
We are going to open a short position (sell) when the candle turns red.
I will mark the signals for you to make it clear, see the picture below :
Take profit between 10-15 pips when you enter a trade, and set stop-loss to 10-15 pips as well. If your broker offers narrow spreads, of course, that is a big advantage to maximize the pips you earn.
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Practice and be wise in using lot size and be patient wait for accurate scalping forex signals to appear first before entering the market and try on cents account first at ROBOFOREX PRO CENTS Account.
