74# Kumo Breakout for intraday trading

High frenquency trading with Kumo

Breakout with cloud lines and Kumo

Submit by Leon

 

Kumo Breakout for intraday trading is a trading system based on the Ichimoku (kumo), the setting is for intraday trading for high frequency trading. This strategy is pure trend following there are not other filters clear and simple to apply.

Time frame 5 min, 15 min.

 

Currency pairs: Majors, Indices, and Gold.

Metatrader Indicators setting

ZB-cloudlines (8, 24, 48),

Fast moving average arrow (1,3,1,5),

Pivot Points levels,

Kimo Breakout histo (8 , 24, 48).

 

Trading rules Kumo Breakout for intraday trading

Trades only in the direction of the Kumo trend.

Do not entry buy above R2 or Sell below S2 pivot points levels.

 

Buy

The price breaks upward the kumo cloud lines.

Kumo breakout histo green bar.

Re-enter in same direction when appears Fast MA buy arrow.

Do not entry buy above R2 pivot levels.

Place initial stop loss below the previous support level.

Make profit at the resistance levels.

 

 

Sell

The price breaks downward the kumo cloud lines.

Kumo breakout histo red bar.

Re-enter in same direction when appears Fast MA sell arrow.

Do not entry buy above s2 pivot levels.

Place initial stop loss above the previous resistance level.

Make profit at the support levels.

In the pictures Kumo breakout intraday trading.

Kumo Breakout for intraday trading
Kumo Breakout for intraday trading
Kumo Breakout for intraday trading
Kumo Breakout for intraday trading
Kumo Breakout for intraday trading
Kumo Breakout for intraday trading

Share your opinion, can help everyone to understand the forex strategy

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Kumo Breakout for intraday trading
Kumo Breakout for intraday trading
Kumo Brreakout for intraday trading.rar
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