Discussion of article "Learn how to design a trading system by Ichimoku"
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New article Learn how to design a trading system by Ichimoku has been published:
Here is a new article in our series about how to design a trading system b the most popular indicators, we will talk about the Ichimoku indicator in detail and how to design a trading system by this indicator.
In this part, we will create a blueprint for each strategy, I consider this step the most important step in our mission to create a trading system as it will help us to design a step-by-step blueprint that will help us to understand what we want to do exactly.
Based on this strategy, we need to create a trading system that is able to check the values of closing prices, Senkou Span A, and Senkou span B continuously. We need the trading system to make a comparison between these values to decide which one is bigger or smaller to decide if there is an uptrend or downtrend and appear as a comment on the chart with values of the closing price and Ichimoku lines. If the closing price is greater than span B and the closing price is greater than span A, then the trend is up. If the closing price is lower than span B and the closing price is lower than span A, then the trend is down.
Author: Mohamed Abdelmaaboud