209# Multi Positions Trading with Ichimoku
StochasticRSI as timing of entry
Trend Momentum Strategy
Submit by Alexander
Multi Positions Trading with Ichimoku is a trend-momentum strategy based on Ichimoku and StochasticRSI. The strategy is very simple, it trades in the direction of the trend and the entry timing are the arrows that generate the StochasticRSI. You can have multiple positions in the same direction. This is a winning strategy.
Time Frame 3 minutes or higher, but best time frame to learn this trading system are higher,
Currency pairs: majors, minors, Indexes and Gold.
Metatrader 4 indicators
Ichimoku MTF Kumo (trend direction)
StochasticRSI (timing of entry)
Trading rules Multi Positions Trading with Ichimoku
Trades only in the direction of the trend
Trend up above the Kumo appears little buy arrow.
Trend down below the kumo appears little sell arrow.
Price above the kumo.
little buy arrow (arrow of direction)
Buy arrow of StochasticRSI.
You can also open more positions when a next buy arrow appears.
Price below the kumo.
little sell arrow (arrow of direction )
Sell arrow of StochasticRSI.
You can also open more positions when a next sell arrow appears.
Place initial stop loss below/above the next swing high/low. Even if it is inside the kumo. Profit at opposit arrow or with ratiostop loss 1:1.25 (best choice).
Examples of trades.
telegram Web: https://t.me/freeforexresources