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Ichimoku

With the Ichimoku indicator, you can configure Gunbot to execute trades when a full candle crosses either the Kumo, Tenkan-Sen, or Kijun-Sen lines. It's possible to customize which line is used for buy and/or sell orders.

The Ichimoku indicator, also known as the Ichimoku Kinko Hyo, is a popular trading tool that provides multiple pieces of information on a single chart. This technical analysis tool was developed by Japanese journalist Goichi Hosoda in the 1930s and is designed to offer a comprehensive view of potential price action.

The Ichimoku indicator consists of five lines, each providing different data points, including support and resistance levels, trend direction, and momentum strength. The five lines are as follows: Tenkan-Sen (conversion line), Kijun-Sen (base line), Chikou Span (lagging line), Senkou Span A (leading span A), and Senkou Span B (leading span B). Overall, the Ichimoku indicator aims to help traders identify trends, momentum, and potential areas for entry and exit points.

How to work with it​

Buy method conditions​

A buy order is allowed when the current candle goes completely below Kumo, Tenkan-Sen or Kijun-Sen. You can configure which line should be used for buy orders.

Sell method conditions​

A sell order is allowed when the current candle goes completely above Kumo, Tenkan-Sen or Kijun-Sen. You can configure which line should be used for sell orders.

Using an additional momentum indicator is recommended.

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Gain protection is optional for this strategy. Be aware that this can lead to sell orders below your break-even point.

Buy settings​

Buy settings are the primary trigger for buy orders. These parameters control the execution of buy orders when using ichimoku as buy method.

Buy enabled​

Set this to false to prevent Gunbot from placing buy orders.

Sell settings​

Sell settings are the primary trigger for sell orders. These parameters control the execution of sell orders when using ichimoku as sell method.

Sell enabled​

Set this to false to prevent Gunbot from placing sell orders.

Gain​

This sets the minimum target for selling when DOUBLE_CHECK_GAIN is enabled.

Indicator settings​

Relevant indicators for trading with ichimoku.

These settings have a direct effect on trading with ichimoku.

Period​

This sets the candlestick period used for trading, this affects all indicators within the strategy.

Only use supported values. The trading settings editor suggests valid values for the selected exchange..

Setting a short period allows you to trade on shorter trends, but be aware that these will be noisier than longer periods.

Tenkan Period​

Set this to the number of candlestick periods you want to use for calculating Tenkan-sen.

This parameter is for what's called "conversion line" on TradingView.

Kijun Period​

Set this to the number of candlestick periods you want to use for calculating Kijun-sen.

This parameter is for what's called "base line" on TradingView.

Senkouspan Period​

Set this to the number of candlestick periods you want to use for calculating Senkou span.

This parameter is for what's called "Lead" on TradingView.

Displacement​

Set this to the number of candlestick periods you want to use for displacing Kumo and Chikou-span.

Kumo Buy​

Enable this to buy when the last candle moves completely below Kumo.

Do not enable multiple buy triggers.

Tenkan Buy​

Enable this to buy when the last candle moves completely below Tenkan-sen.

Do not enable multiple buy triggers.

Kijun Buy​

Enable this to buy when the last candle moves completely below Kijun-sen.

Do not enable multiple buy triggers.

Kumo Sell​

Enable this to sell when the last candle moves completely above Kumo.

Do not enable multiple sell triggers.

Tenkan Sell​

Enable this to sell when the last candle moves completely above Tenkan-sen.

Do not enable multiple buy triggers.

Kijun Sell​

Enable this to sell when the last candle moves completely above Kijun-sen.

Do not enable multiple sell triggers.

Kumo Sentiments​

Enable this to only allow trades when they are confirmed by the cloud. Set this to false to ignore Kumu trends.

When enabled, buy orders can only happen above Kumo, sell orders can only happen below Kumo.