Ichimoku Cloud Trading with RMO Signals MTF Filter

Traderversity April 29, 2018 FREE DOWNLOAD MT4 Trading Systems Leave a comment 1,283 Views

Ichimoku Trading with RMO Signals MTF Filter is a trend- momentum strategy.

Trading NOTES

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Use a demo account or a small live account first to practice this trading system

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The Ichimoku Cloud is a chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment.

RMO indicator is a gauge to market direction. It is displayed as a histogram. As a bullish “BUY” sign, we will look for the point at which the histogram shows movement crossing the oscillator’s zero line going upwards. If it should go down and cross the line going down, that would be our “SELL” sign or a “SHORT-SELL” sign.

This strategy is also good for trading with Renko chart 5 pips box size or higher.

Time Frame: 15 min or higher
Currency Pairs: GBPUSD, EURUSD, USDJPY, and all Major Pairs

MetaTrader Trading Indicators

Ichimoku Monitor
Ichimoku Alert
RMO signals

BUY

Ichimoku Monitor with the blue arrows
- Example time frame 15 min Ichimoku Monitor blue arrows at the 5 min, 15 min, 30 min and 60 min
Price above the cloud
RMO BUY signals: you can use only the arrows or also the dots

SELL

Ichimoku Monitor with the red arrows
- Example time frame 15 min Ichimoku Monitor red arrows at the 5 min, 15 min, 30 min and 60 min
Price below the cloud
RMO SELL signals: you can use only the arrows or also the dots