Advanced system #19 (IKH-HA Strategy)
Submitted by User on August 18, 2011 - 10:40.
Submitted by Gary Sharp
FXPT - SharpForex
IKH-HA STRATEGY
This strategy is based on Ichimoku Kinko Hyo chart trading method, and combined with the ichi360 Monitor and Heiken Ashi candlestick chart method.
Anyone not familiar with Ichimoku Kinko Hyo can visit http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page for a comprehensive introduction.
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how was this past week and pls clarify what percent of ur account balance did u make
I exit my trades when the Tenkan Sen crosses the Kijun Sen generally. Usually I trade the H4 timeframe, and because I am located in Australia I mostly trade during the Australian / Asian session.
Hy user,
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Do you also take the 4H Timeframe? In this case do you also take trades in the evening where the volatility is smaller?
Sandro
@USER HOW DID U EXIT UR TRADES
Cannot say that I agree with @George F as far as IKH being time consuming and missing a lot of trades. Last week (29/08/2011 - 02/09/2011) I completed 30 trades over 22 currency pairs. Gross profit $2,217 against $381 gross loss, or a 5.79 profit factor. Risk factor of 2% on account balance. Net weekly result of 91.5% on account balance...low risk, high return. I spent an average of 1-hour each day at my computer screen. Much ado about nothing?
@George F,
I have been trading with ICHI strategy for more than two years now and from my experience its best to trade all currency pairs offered by your broker, Trust me This has given me more than four trades a week consistently and also I use TF H4 considering this I feel that it is reasonable.
the ich360 monitor needs to be adjusted for your screen. I had the same problem and tweeked the placement found in the settings.
@ George F. I would like to thank you for pointing out binary options to us. Didn't think i had a gambling problem while trading forex, but binary options led me to stockpair dot com ....now that is gambling. literally horse racing for stocks.
I have Ichi360 monitor V2 and pasted it in the experts folder of MT4and restarted MT4 but still when I try to apply it for the chart it is not working… any help is appreciated.
George F,
Why do you like Binary options so much. Can t say I know much about that.
Insider
Much ado about nothing. Ichi is okay , and it does work, but it is very strict on rules, misses a lot of good trades , and is very time consuming .
Stick to the simple Slingshot , BUT make sure you use it with Binary Options only.
A perfect match.
George F .
I am not sure what you are doing wrong with the ichi360 Monitor. It should be as simple as downloading, saving to the MT4 indicators folder, and attaching to the chart. The stop and trailing stop is tagged to the Kijun Sen (blue line), plus or minus a buffer to absorb market noise. The buffer is equal to ATR/6.
hummmmm.... ilove this, but how do u determine your SL and trailing stop value? not only that, the ichi360 is not showing on my platform whenever i load it what do i need to do? Am using MT4 platform
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