The Ichimoku Cloud BreakOut is one of the best trading system.
Ichimoku is a very complex tool based on 3 Moving Averages (9,26,52).
It has many usage : Kijun/Tenkan, Kijun/Cloud, Tenkan/Cloud crossing… but my favourite is the Ichimoku Cloud BreakOut. Why?
The Ichimoku Cloud works as a very strong Support/Resistant area.
There is a good moment to enter a trade when the Price Breaks out from the cloud.
This complex indicator can works as standalone tool. You do not need to use other tools.
When the Sign events happened: the indicator gives you the following notifications:
– Buy or Sell sign appears on the chart
– Soundfile (that you have choosen) will played
– Email and Telegram notifications arrive to you.
So you do not need to stay at the front of your computer from 0-24! This and all of AlgoGURU indicator monitors the market while you can do something else and notifies you if something has happened!
– Free version works on demo accounts and with EURUSD/D1 only without time limit.
– Full version works without limitations