Is it possible to earn any money by using ICHIMOK KINKO HYO? [Video]

All of you have heard of the Ichimoku strategy and have probably tried to put it into practice at some point - possibly with varying success. The aftermath could be putting the indicator "in the corner" and looking for more systems, leaving the question unanswered: is it really possible to make money using Ichimoku?

We decided to check it for you and tested the strategies using Ichimoku Kino Hyo. Can we earn, and if so how much, by simplifying our trade based on this indicator to a minimum?

SMALL SPOLIER: You surely expected such results.

Check it out: Ichimoku - An investment strategy with Japanese origins [Video]

ADVANTAGES:

• • Simple and clear rules for input / output and target settings for SL and TP.
  • Indicator Availability - Virtually every platform includes it.
  • Ease of setting support and resistance levels on higher timeframes. Even a novice trader is able to identify them.
  • Highly effective. 60%, this is one of the better performance of trend-following strategies.
  • Relatively better filtering of false signals in periods of market stagnation.

DISADVANTAGES:

• • False signals, which, despite the fact that there are fewer of them than usually in this type of methods, unfortunately cannot be completely eliminated.

Trading strategies is an educational cycle in which we present interesting investment systems intended for Forex market. We discuss the most important principles such as entering and exiting a transaction, the degree of risk, assessing the advantages and disadvantages and checking what results they generated on historical data.

Do you want us to check a specific strategy for you? Let me know in the comment!

The partner of the educational cycle is Tickmill broker.