Three-Timeframe Ichimoku Strategy for DAX M5
Summary
This strategy trades the DAX on five-minute bars, requiring Ichimoku conditions to align across five-, fifteen-, and sixty-minute timeframes. Long and short signals require price to be on the corresponding side of the cloud and the lagging-span comparison to agree on the two higher timeframes. On the five-minute chart, price must also cross the Kijun line and sit above or below both cloud spans and the Tenkan line. Entries are limited to a stated intraday window, and the code permits one entry per day through a flag reset at the start of each trading day.
The author describes testing from January 2018 onward and specifies a position size, spread, leverage, stop loss, and profit targets, with distinct targets for long and short trades. No performance figures or test methodology are provided, so the stated test period alone does not establish profitability. The rules also depend on the platform’s timeframe and indicator calculations, and the fixed risk and reward settings may behave differently across market conditions.
Key ideas
- Signals require Ichimoku cloud alignment across three chart timeframes.
- Higher-timeframe lagging-span checks filter both long and short entries.
- Five-minute entries additionally require a Kijun cross and Tenkan confirmation.
- Trades are restricted to an intraday window and use fixed stops and profit targets.
- The author reports a test period but gives no performance statistics.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.