31# Ichimoku Breakout Range bar trading

Submit by Leo 30/03/2015

Ichimoku Breakout is a trading system based on range bar chart trend following.

Markets: Indicies, Commodities and Forex Majors.

Put these in the indicator folder:

ZB-CloudCandles.ex4

ZB-CloudLines.ex4

ZB-CloudMatrix.ex4

RenkoRangeBarsV1.2 R_KG.ex4

Put the following in the Experts folder:

ichimoku_u1.ex4

Put the following in the templates folder:

ichimoku_ea_u1.tpl

Open a blank chart of any pair.

Go under file and open your off line chart M20

Attached the ichimoku_u1_seller9 template and it should look like the following.

With this EA version you need to start the EA in the proper direction of Buy or Sell. Since in this case it is already in Sell mode the next would a Buy when it crosses back up through the cloud and breaks out the top. Open expert settings and set the proper direction. This EA should toggle back and forth between Buy and Sell as it crosses back and forth across the Kumo Cloud. It may get out of sequence at times so check on it to make sure it is looking for the next most likely trade.

In the pictures trading rules for Ichimoku Breakout Range bar trading.