A lot of traders out there should know what Ichimoku Kinko Hyo is, so I'm not gonna explain that. Instead, I'm just gonna go ahead and try and build this EA and backtest it. But my challenge at the moment would be to put the 5 known strategies of using IKH into one single EA.
The strategies are available here: http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies
Another criteria I have to make is to make use of multiple timeframe factors into the script and use only the strong signals to trigger the buy and sell orders.
My TP will be fixed to 100 pips (because I like to control instead of waiting for a reversal) and SL at 50 pips. This would be my criteria to all my EA building.
Strategy #1: Tenkan-sen Kijun-sen Cross
Strategy #2: Chikou-span Cross
Strategy #3: Kijun-sen Cross
Strategy #4: Kumo Breakout
Strategy #5: Senkou Span Cross
Will update with the strategy tester report or if I got stuck with developing the EA afterwards. Who knows?
