Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Marketcalls Ichimoku Setup for Metaquotes

49 sec read

Iam a very big fan of Ichimoku 3,13,16 for Intraday and Swing Trades. I you had practised the simple Ichimoku Strategy along with the Time Frame Strategy you could be able to manage your risk most of the time.

 
This time iam presenting how to configure our favorite Ichimoku setup for the metaquote software. As many of our viewers started using Broco software for Live MCX Charts here is the Ichimoku setup for Metaquotes

Step 1:

Go to Navigator->Indicator->Ichimoku Kinko Hyo

If you are not having Ichimoku Kinko Hyo.mq4 Indicator then download it from here and place the file in c:program filesBroco Trader(metaquote folderexpertsindicators

Step 2:

Now Click on the Indicator from the Navigator Tree and Set the Parameters 3,13,16 as shown below

Step 3

Now set the color settings for Ichimoku parameter as shown in the below image.
We are not Interested with the Ichimoku parameters like Tenkan-sen, Kijun-Sen, Chinkou Span so i turned off the color by selecting NONE. We are intrested only with the parameters Up Kumo(Blue) and Down Kumo(red)

Now Press Ok. Out Ichimoku Chart is ready. I had placed the Ichimoku indicator for the MX Gold Future Hourly Chart. As of now Gold is trading below the Ichimoku resistance zone 18900. Shorts are prefered for with trailing SL of 18900. Shorts should be continued until the candle closes above the cloud

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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13 Replies to “Marketcalls Ichimoku Setup for Metaquotes”

  1. Hi Rajan ,
    Thanks a lot.
    After a….. lot of permutation and combination at least I was able to configure the dow & snp data for amibroker. But for meta stock I was unsuccessful.

  2. Investbull may be going to discontinue free download of intraday data from 16 June 2010 for some technical reason. Is there any other sources to get free intraday data?

    Markethypothesis

  3. pls. update on nifty and reliance as nifty is overlapping 13,39,55 sma and even reliance also participating now

  4. @Salil and nanavathi,

    Iam little bit busy in my work schedule. So updates wont be regular this month. Also will post how to import data from yahoo finance into metastock

  5. Hi Rajendran,
    I use GCI MT4 and Ichimoku set as per your reco. Is the AFL for Amibroker to do the indicator for day trading. Also is the parameter 3, 13, 16 same for day trading.
    Regards

  6. Good platform TCI mt4 thanks for giving good informations ..and ur indicators is also good ..thanks a lot

  7. Hi ,
    I am a very big fan of you giving lots of good informative messages. I have seen you free indicators on your website. It works good but some time goes wrong. As u have mentioned success ratio is 40%. I have a small question for you. My plan is to take all your calls for SILVER MICRO genearated as signals either (BUY OR SELL ) with a stoploss for only 100 points target for 200 points is that fetch me profit at the end of month conslidated. Kindly sugessted me …

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