Ichimoku Kinko Hyo
Royal Algo Strategy
In this section, we will show you how we filter false signals, where to place a stop loss, and some market examples. Including support and resistance levels, as well as entry and exit targets.
We will be using the Ichimoku Cloud moving average along with Royal Algo to provide a further understanding of the overall market movements. Furthermore, In this strategy, we will apply the entire Ichimoku Cloud system.
What is Ichimoku Cloud or Ichimoku Kinko Hyo?
- Ichimoku Cloud is developed by Goichi Hosoda. It represents a trend-following trading system with a variety of indicators that are similar to moving averages. The Ichimoku cloud is one of the few indicators out there that can predict price movement. The advantage of this indicator is that it offers a unique perspective of support and resistance by representing these levels based on price action.
How to Properly Set up your chart with Ichimoku Cloud Moving Average?
For Desktop: Simply click the Indicator and Strategies and then search for Ichimoku Cloud. Make sure to use the built-in version of the Ichimoku Cloud.
For mobile: Click the plus button and then indicators. Search for Ichimoku Cloud. Make sure to use the built-in version of the Ichimoku Cloud.
Once you have added the Ichimoku Cloud to your chart.
- Click the settings.
- For the Inputs, leave it as default.
- Under style, uncheck everything except the Conversion Line and Baseline.
This is what we will be using for this strategy. A similar process for mobile.
You can edit the thickness and color of the moving averages to your preference.
Recommendation - Do this!
We recommend that you go through this strategy section with Royal Algo and the Ichimoku Cloud Moving Average chart in front of you. So you can follow along and get familiarized with this strategy on your chart.