Long-Only Ichimoku Entries with ATR Distance and Percentage Exits

Summary

This long-only strategy uses Ichimoku components to identify upward conditions. Entry checks include Tenkan crossing above Kijun, price above the cloud, bullish future-cloud alignment, and both lines above the cloud. ATR distance limits are intended to avoid entries when price has become extended from Tenkan or Kijun. Exit conditions include bearish Ichimoku signals, a profit threshold of 30%, or a loss threshold of 3%; the source also closes positions after the specified testing window.

The document describes the method as a stock strategy, but its published backtest settings specify daily BTC/USDT futures over roughly one year. No performance results are provided. The discussion flags lagging signals, manually chosen parameters, and added exposure from scaling into positions. The source’s bearish exit expression appears broader than the prose description, so the implementation may close on individual conditions rather than requiring all listed bearish checks together.

Key ideas

• Long entries combine Tenkan and Kijun alignment with price and future-cloud conditions.
• ATR-based distance checks are intended to limit entries after price has moved far from the Ichimoku lines.
• The stated exits include bearish signals, a 30% profit threshold, and a 3% loss threshold.
• Published test settings use daily BTC/USDT futures, despite the strategy being described as stock-focused.
• The document gives no performance metrics and notes signal lag, parameter choice, and scaling risk.

Tags

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