I am not using red/blue dots to open the trades for D1 and H4 timeframes. I am trading Ichimoku indicator with other indicators' confirmation. Later I will describe all the rules.
For now - read this thread from the first post: https://www.mql5.com/en/forum/172986
By the way - Simple Ichimoku Scalping system is almost ready and I will post it soon.
But I need to describe the rules for this D1/H4 system first.
Metatrader 5 statement
I am continuing trading this system.
It is the statement for Metatrader 5:
Metatrader 4 statement
It is the statement for Metatrader 4:
Fine results Would you please share it with us, how do you use it?
I am writing the rules right now.
Hope - will be finished this week and post it here.
Many thanks. I applied the price channel signal to what I already do. I use a simple sysytem on constant pip range bars. I have found the price action signal is very accurate.
I am writing the rules right now with the images inside my home PC and in the end of this week - I will copy it as the posts to this thread. The main difficulties are to give to the members some clue about Ichimoku indicator in general as it is the basis for this system. So, I am doing it. Some other indicators (dots, re-enter etc) may be simple to describe.
To say the true - Ichimoku Scalping System (M1) is based on this H4/D1 Ichimoku system so the rules for this H4/D1 is the main for scalping too (because in scalping - we are using H4/D1 trend confirmations anyway).
I will finish and post in the end of this week.
I am not sure that it will be very detailed rules but I will try my best. Becase you know ... when you are trading - you are not thinking about the rules: we are trading almost "automatically" ... but if someone aske: "why did you open those trades?" so you will start to think: "Seems I am having some rules I am using here"
Because in most of the cases - it is much more easy to trade then to describe why and how.
I started to write the rules for this system in separated thread here https://www.mql5.com/en/forum/179940
I just started and did not finish yet and because of that this thread is closed. When I will finish with the rules - I will open this thread for any question https://www.mql5.com/en/forum/179940
The rules will be described for Simple Ichimoku System and for Simple Ichimoku Scalping.
Just for information.
I am still trading this system for MT4 and MT5.
Start to trade: 07th of December 2009
Initial deposit: 10,000.
Balance for now in 01st of February 2010: 32,481
Equity for now in 01st of February 2010: 47,457.
Start to trade: 25th of November 2009
Balance for now in 01st of February 2010: 47,599
Balance for now in 01st of February 2010: 59,860.
So, I turned 10,000 initial deposit to almost 50,000 for 1 month using D1 timeframe by slow trading (looking at Metatrader's charts just once in a day only to move stop loss and to close some trades).
I turned 10,000 initial deposit onto 60,000 for 2 months trading on D1 timeframe.
Well. D1 trading is going slowly but effective.
I will need to finish with the rules for Simple Ichimoku System and Simple Ichimoku Scalping here https://www.mql5.com/en/forum/179940
And after that I will start trading Simple Ichimoku Scalping system https://www.mql5.com/en/forum/general posting results and so on.
Trading Simple Ichimoku Scalping is much more risky then Simple Ichimoku System on D1 timeframe. Because we are doing Ichimoku Scalping using M1 timeframe.
- if trading on D1 timeframe is can be as a hobby: we do not need to look at the charts all day and night; we can have regular job and trading this D1 system in the same time;
- trading Ichimoku Scalping can be as a real job: we need to look at the Metatrader's charts all day and night, and we can not have regular job somewhere and trade scalping in the same time.
But using Ichimoku Scalping - we can achieve the results in more quickly way - by days or weeks, instead of months for D1 system. So, what month for Simple Ichimoku System is the day for Simple Ichimoku Scalping.
Besides, we can use small deposit size for Simple Ichimoku Scalping and it is very good too.
So, just those 2 threads to be continuing:
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