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Abir Pathak  

Hey guys,

I have been getting some questions about how this indicator is different from my Ichimoku Dashboard.

So here is how both of them work. And how they are different:

Ichimoku Dashboard is mainly about Ichimoku as the base strategy. Everything else is optional.

Ichimoku Dash contains Ichimoku: Kumo>Price, Tenkan>Kijun, Support/Resistance Near/Far, Trend Alignment and good BUY/SELL regions.


And Profit Percent is mainly about Stochastic being overbought/sold as base strategy. And ichimoku is only one option for trend check here.

And ProfitPercent Dash only contains TakeProfit Percent for TP1,TP2,TP3 and Up/Down Arrows when a BUY/SELL Signal occurs.


Ichimoku Scanner Dashboard:

https://www.mql5.com/en/market/product/41711

For BUY:

* If price above at least min distance from Kumo (mandatory)

* If "Check Tenkan Kijun Cross" true and Tenkan at least min distance above Kijun (optional)

* If "Check Chikou Cloud Distance" true and Chikou at least min distance away from Kumo (optional)

* If "Check Support/Resistance" true and price at least min distance away from Resistance (optional)

* If "Use Stochastic" true and price within safe Stochastic Overbought/Oversold (optional)

- If "Only when Overbought/Sold and back" true then also check if price was Oversold and back in previous bar. (optional)

* If "Use Awesome Oscillator" true then check Awesome is above and Green. (optional)

If all above conditions are met, you will get a BUY Signal. Same for SELL but vice-versa


ProfitPercent Stochastic Ichimoku:

https://www.mql5.com/en/market/product/48565 (Arrows)

https://www.mql5.com/en/market/product/49217 (Dashboard)

* Stochastic/RSI/CCI OB/OS (Main Signal)

* Ichimoku (Trend Check Optional)

- Kumo & Price (Optional)

- Tenkan & Kijun (Optional)

- Chikou & Cloud and Chikou & Price (Optional)

* EMA Higher TF (Trend Check Optional)

* ATR (SL/TP Prediction)


Please note that I cannot add Profit percentage check to the original Ichimoku Dashboard because that would make dash too slow.

And I cannot add Ichimoku signals like Tenkan>Kijun, Price>Cloud to my Profit Percent Dash, because PP is not about Ichimoku. It is about Overbought/Oversold areas.

And the Take Profit Percentages to know best time to trade a pair.