Ichimoku Cloud Candle Signals with Opposite-Position Exits

Summary

This Expert Advisor description outlines a fixed-lot strategy using Ichimoku cloud values and candle direction to generate trades. A buy condition requires Span A to be above Span B, a bullish candle, and the close to fall between the two spans. A sell condition reverses those relationships: Span B is above Span A, the candle is bearish, and the close lies between the spans. When a new signal appears, positions in the opposite direction are closed.

The listed controls include the Ichimoku periods, trade volume, stop loss, take profit, and an identifier for the Expert Advisor. The description gives an example chart context but no performance statistics, testing method, or rules for position sizing beyond fixed lots. It also does not explain how simultaneous signals, gaps, transaction costs, or changing market conditions are handled. The conditions therefore describe an implementable entry and exit concept, but provide no evidence that it is profitable or robust.

Key ideas

• The strategy uses the relative ordering of Ichimoku Span A and Span B to set directional bias.
• A buy requires a bullish candle closing between the two cloud spans.
• A sell requires a bearish candle closing between the spans in the opposite ordering.
• Opposite positions are closed when a new signal emerges.
• The description supplies no backtest evidence or assessment of trading costs.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.