Simple Ichimoku System - rules for the systems - page 3

[Sergey Golubev]

Automating Trading Strategies in MQL5 (Part 2): The Kumo Breakout System with Ichimoku and Awesome Oscillator

In the previous article (Part 1 of the series) we demonstrated how to automate the Profitunity System (Trading Chaos by Will Williams). In this article (Part 2), we demonstrate how to transform the Kumo Breakout Strategy into a fully functional Expert Advisor (EA) in MetaQuotes Language 5 (MQL5). The Kumo Breakout Strategy uses the Ichimoku Kinko Hyo indicator to identify potential market reversals and trend continuations, with price movements relative to the Kumo (cloud)—a dynamic support and resistance zone formed by the Senkou Span A and Senkou Span B lines. By incorporating the Awesome Oscillator indicator as a trend confirmation tool, we can filter out false signals and increase the accuracy of trade entries and exits. This strategy is widely used by traders looking to capitalize on strong momentum-driven market movements.

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A short-term average of price movements is the Tenkan-Sen (Conversion Line).

A medium-term average is the Kijun-Sen (Base Line).

A lagging indicator that shows past price movement is the Chikou Span (Lagging Line).

Support and resistance zones should be defined by the Senkou Span A & B (Leading Spans).

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