Pallada Ichimoku Trading System. This is Advanced High-Profit Forex Trading System Based on Ichimoku as Filter of ADX Advanced and Pallada Entry Signal.
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The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span.
This indicator was developed so that a trader can gauge an asset’s trend, momentum and support and resistance points without the need for any other technical indicator.
“Ichimoku” is a Japanese word that means “one look.” This charting technique was created by a Japanese newspaper writer.
It does look very complicated when a trader sees the indicator for the first time, but don’t hesitate to give this indicator a try because the complexity quickly disappears once you gain an understanding of what the various lines mean and why they are used.
- The overall trend is up when prices are above the cloud,
- down when prices are below the cloud and flat when they are in the cloud itself.
- When senkou span A is rising above senkou span B the trend is stronger upward and is typically colored green.
- When senkou span B rises above senkou span A, the trend is stronger downward and is denoted with a red-colored cloud.
Pallada Ichimoku Trading Rules
Pallada Ichimoku Trading System is Ichimoku with Pallada Trading System is based on Ichimoku as a filter of ADX Advanced and Pallada Entry signal. Best Time Frame: 15 M – 1 H.
Currency pairs: major.
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Pallada Ichimoku Metatrader Indicators
- Ichimoku indicator,
- Advanced ADX indicator,
- Pallada Entry indicator,
- Time line indicator,
- Pallada Heiken Ashi.
BUY Rules
- Heiken Ashi Candle closed above the cloud Kiju blue line;
- Advanced ADX >20 and >50 at the close of the candle;
- Pallada Entry indicator Arrow buy;
- Price above green Pallada Heiken Ashi
- Open an buy order 2 pips above the high of the signal candle when it closes.
SELL Rules
- Heiken Ashi Candle closed below the cloud Kiju blue line;
- Advanced ADX >20 and >50 at the close of the candle;
- Pallada Entry indicator Arrow sell;
- Price below red Pallada Heiken Ashi
- Open a sell order 2 pips below the low of the signal candle when it closes.
NOTE :
The Ichimoku Cloud is a comprehensive indicator designed to produce clear signals. Chartists can first determine the trend by using the Cloud.
Once the trend is established, appropriate signals can be determined using the price plot, Conversion Line, and Base Line. The classic signal is to look for the Conversion Line to cross the Base Line.
While this signal can be effective, it can also be rare in a strong trend. More signals can be found by looking for price to cross the Base Line (or even the Conversion Line).
It is important to look for signals in the direction of the bigger trend. With the Cloud offering support in an uptrend, traders should also be on alert for bullish signals when prices approach the Cloud on a pullback or consolidation.
Conversely, in a bigger downtrend, traders should be on alert for bearish signals when prices approach the Cloud on an oversold bounce or consolidation.
The Ichimoku Cloud can also be used in conjunction with other indicators. Traders can identify the trend using the Cloud and then use classic momentum oscillators to identify overbought or oversold conditions.
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