Heiken Ashi and Ichimoku cloud

Advanced Spread betting system- Heiken Ashi and Ichimoku cloud

I found this strategy on Forex factory. I have tried it on smaller time frames, but will run the spread betting system on a higher Time frame. This system is part of the as those who apply it should have some understanding of the (Ichimoku cloud) charts and the . I have added a brief explanation in the technical Indicator section.

Description
This is a relatively easy spread betting system. It requires a lot of patience, as more indicators you use the greater the patience needed for the signal to occur. I applied this strategy on the GBPJPY.

Spread-betting long:
The signal: Wait for the Heiken Ashi candlestick bust be above and close above the Kumo. Once the Tenkan Sen has crossed above the Kijun Sen; The Chikou Span must be above the prices and heading higher. Instead in the cloud, the Senkou Span-A would have crossed above the Senkou Span-B; Heiken Ashi candlestick must be  positive blue candle.
For those that have a higher risk tolerance they can ignore the Chikou Span.

Trading system - Heiken Ashi and Ichimoku buy signal

 

Spread-betting short:
On the other hand we have a spread bet short which is completely the opposite to the spread betting long. Entry signal would be:
Wait for the Heiken Ashi candlestick bust be below and close below the Kumo. The Tenkan Sen would have crossed the Kijun Sen to the downside; the Chikou Span must be below the prices and heading lower. Instead in the cloud, the Senkou Span A would have crossed the Senkou Span B  to the downside; Heiken Ashi candlestick must be  a negative red candle.

Trading system -Heiken Ashi and Ichimoku sell signal

 

Your exit strategy:
You will exit either when your money management rules, tell you. Do not risk more than 2-5% of your account or if the trade goes your way wait for the Tenkan Sen to cross the Kijun Sen in the opposite direction.
This is a trend following strategy so you want to try stay in as long as possible.

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Time frame: 1Hr
Tag: GBPJPY
Indicators used : (Ichimoku cloud) and the .
Charts used: GBPJPY
Type:Trend
Timeframe of trade: Swing
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