This strategy is about golden cross strategy,so EMA50 crossing up EMA200. I use daily TF or 12h TF.
For setup we need:
- candle close above Ichimoku cloud
-the distance from EMA50 to EMA200 to be less than 35%
- GREY cross to appear on Squeeze momentum indicator
- on DMI the DI+ to cross down on DI-
Take some profit on the way.It can...
I'm searching for breakouts of the 4 TF and entering the trade on a 5min TF.
On the 4h TF price needs to be in the cloud first,than i would wait for DMI cross to happen.If DMI crossed up than i would set alarms on a 5min TF for longs setup,if DMI crossed down than i set it for shorts.
1.TP is on the 5min TF,so you measure from candle close to the superclouds...