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Ichimoku cloud breakout

Ichimoku cloud breakout

At this page you can download MT4 Forex indicator

that can be attached to the MetaTrader Forex trading platform

to boost your Forex trading performance.

100% Free - Ichimoku Cloud Breakout Forex Strategy

This forex trading system is called Ichimoku Cloud Breakout Forex Strategy (or kumo breakout).

After downloading and copying the necessary files, apply to any major currency pair such as EUR/USD, GBP/USD, USD/CAD or USD/CHF and set time frame to M5 (5 minutes).

This is a scalping strategy so we should use such small time frames.

when price closes above/below the kumo, the trader opens a trade in the direction of the breakout.

In other words, just follow the candle colors on your chart. Here is an example:

Ichimoku Cloud Breakout Forex Strategy Trading Rules:

  1. We are going to open long position (buy) when the candle turns to green.
  2. We are going to open short position (sell) when the candle turns to red.

I will mark the signals for you to make it clear:

You can go for 10-15 pips when you enter a trade, you can set stop-loss to 10-15 pips as well. If your broker offers narrow spreads,

of course that is a big advantage to maximize the pips you earn.

Please,UnZip downloaded zipped file with WinZip or 7ZIP software.

You can download and use 7ZIP software for free

indicators and template inside.

To install downloaded indicators and template use the following steps :

Step By Step installation for MT4

1) Copy the ex4 files. Do this by right clicking on the file and clicking “copy”

Paste/Save the ex4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder

2) Copy the .tpl file to the templates folder C:\Program Files\MetaTrader 4\\templates

3) Close your MetaTrader application (assuming it's currently open . Ignore this if the application hasn't been launched)

4) Launch your MetaTrader application

5) Pull a chart for example EUR/USD pair,use right click in the chart, go to "Template" option

and browse for the copied file, choose ichimoku-cloud-breakout-strategy.tpl file

(source: available for free on some free Forex websites)

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