Long US Tech 100 Ichimoku strategy

• 08/26/2020 at 11:53 AM #142108
  Ichimoku Reading

  Today, I would like to share with you a strategy developed for the US Tech 100 index
  This one relies on Ichimoku to validate the trend and give the signals to enter

  Its objective is to follow the evolution of the price rise or fall in order to benefit from it.
  It also aims to exit the position at the most favorable time to cash out regularly.

  However, the objective remains a long-term one for annual performance.

  The success of the backtest is based on the optimisation of the stop loss and the clear upward trend in the price.

  Also, money management is in place to ensure that a crack addict does not destroy the entire portfolio.

  // //============================== Basic setting defparam cumulateorders = false //============================== Money Management Capital = 10000 Lotss = Capital / 6000 // Value of risk on capital (attention) //============================== setting Management if Lotss < 0.5 then Lotss = 0.5 endif set stop loss (Capital*95)/100 set stop %loss 41 //============================== Indicator SpanA = (Tenkan[26]+Kijun[26])/2 Tenkan = (highest[9](high)+lowest[9](low))/2 Kijun = (highest[26](high)+lowest[26](low))/2 SpanB = (highest[52](high[26])+lowest[52](low[26]))/2 timeframe(1hours) XSpanA = (XTenkan[26]+XKijun[26])/2 XTenkan = (highest[9](high)+lowest[9](low))/2 XKijun = (highest[26](high)+lowest[26](low))/2 XSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 timeframe(default) timeframe(4hours) XXSpanA = (XXTenkan[26]+XXKijun[26])/2 XXTenkan = (highest[9](high)+lowest[9](low))/2 XXKijun = (highest[26](high)+lowest[26](low))/2 XXSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 timeframe(default) //============================== setting trend Bullish T1 = close > Kijun T2 = close > SpanA and close > SpanB TrendBullish1 = T1 and T2 timeframe(1hours) T3 = close > XKijun T4 = close > XSpanA and close > XSpanB TrendBullish2 = T4 and T3 timeframe(default) timeframe(4hours) T5 = close > XXKijun T6 = close > XXSpanA and close > XXSpanB TrendBullish3 = T5 and T6 timeframe(default) TrendBullish = TrendBullish1 and TrendBullish2 and TrendBullish3 //============================== setting Signal S1 = low =< Kijun S2 = low =< SpanA S3 = low =< SpanB S = S1 or S2 or S3 Signal = TrendBullish and S //============================== setting Buy if Signal then buy lotss contract at market endif if close < kijun and close > positionprice then sell at market endif

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  // //============================== Basic setting   defparam cumulateorders = false   //============================== Money Management   Capital = 10000   Lotss = Capital / 6000  // Value of risk on capital (attention)   //============================== setting Management   if Lotss < 0.5 then Lotss = 0.5 endif   set stop loss (Capital*95)/100 set stop %loss 41   //============================== Indicator   SpanA = (Tenkan[26]+Kijun[26])/2 Tenkan = (highest[9](high)+lowest[9](low))/2 Kijun = (highest[26](high)+lowest[26](low))/2 SpanB = (highest[52](high[26])+lowest[52](low[26]))/2   timeframe(1hours) XSpanA = (XTenkan[26]+XKijun[26])/2 XTenkan = (highest[9](high)+lowest[9](low))/2 XKijun = (highest[26](high)+lowest[26](low))/2 XSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 timeframe(default)   timeframe(4hours) XXSpanA = (XXTenkan[26]+XXKijun[26])/2 XXTenkan = (highest[9](high)+lowest[9](low))/2 XXKijun = (highest[26](high)+lowest[26](low))/2 XXSpanB = (highest[52](high[26])+lowest[52](low[26]))/2 timeframe(default)   //============================== setting trend Bullish   T1 = close > Kijun T2 = close > SpanA and close > SpanB TrendBullish1 = T1 and T2   timeframe(1hours) T3 = close > XKijun T4 = close > XSpanA and close > XSpanB TrendBullish2 = T4 and T3 timeframe(default)   timeframe(4hours) T5 = close > XXKijun T6 = close > XXSpanA and close > XXSpanB TrendBullish3 = T5 and T6 timeframe(default)   TrendBullish = TrendBullish1 and TrendBullish2 and TrendBullish3   //============================== setting Signal   S1 = low =< Kijun S2 = low =< SpanA S3 = low =< SpanB S = S1 or S2 or S3 Signal = TrendBullish and S   //============================== setting Buy   if Signal then buy lotss contract at market endif   if close < kijun and close > positionprice then sell at market endif

   

   

  

  Ichimoku Reading

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  08/26/2020 at 12:02 PM #142583
  Nicolas

  Thanks a lot for sharing this new strategy. I moved it from the pending library posts to the forum because I think that there might be a problem in the way you calculate the stoploss at line 18? I don’t understand why you take the money capital to calculate the stoploss distance in points? 🙂 Sorry if I’m wrong!

  

  Nicolas

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  08/26/2020 at 5:46 PM #142634
  Ichimoku Reading

  Hello Nicolas, indeed, it is not conventional…

  However, it is a method I use to use a %Stop
  In limited risk CFD account, this kind of stop are not accessible, surprisingly, if I place a normal stop then a %stop it works…

  It’s adapting to the limited risk account.

  

  Ichimoku Reading

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