Ichimoku Cloud with KumoPrice Breakout Strategy MT4

Currency Pairs: Any

Timeframes: M15 M30 H1

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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This system combines the Ichimoku Cloud indicator with a custom “KumoPrice Breakout” signal to identify potential trading opportunities in the GBP/USD forex pair. The Ichimoku Cloud provides a comprehensive view of support, resistance, trend direction, and momentum, while the breakout signal helps pinpoint entry and exit points based on price movements relative to the cloud.

Components:
1. Ichimoku Cloud (Tenkan-sen, Kijun-sen, Senkou Span A/B, Chikou Span):
– Tenkan-sen (Conversion Line):** Short-term trend (9-period average).
– Kijun-sen (Base Line): Medium-term trend (26-period average).
– Senkou Span A and B: Form the cloud (leading span A and B), indicating future support/resistance zones.
– Chikou Span (Lagging Span): Confirms trend by comparing current price to past price action.
– The cloud color (green for bullish, red for bearish) shows the overall trend direction.

2. ZB-CloudMatrix:
– Likely a custom overlay or matrix enhancing the Ichimoku Cloud’s visualization, possibly indicating additional confluence zones or matrix-based patterns.

3. KumoPrice Breakout:
– A custom indicator signaling when the price breaks out of the Ichimoku Cloud, suggesting a potential trend continuation or reversal. The breakout is marked on the chart (e.g., around May 2, 2025).

Trading Rules:
– Bullish Trade (Buy):
– Price moves above the cloud, and the cloud is green.
– KumoPrice Breakout signal appears (e.g., price breaks above the cloud).
– Tenkan-sen crosses above Kijun-sen for confirmation.
– Chikou Span is above the price from 26 periods ago.
– Entry: At the breakout point.
– Stop Loss: Below the cloud or recent low.
– Take Profit: Near the next resistance level or when the cloud turns red.

– Bearish Trade (Sell):
– Price moves below the cloud, and the cloud is red.
– KumoPrice Breakout signal appears (e.g., price breaks below the cloud).
– Tenkan-sen crosses below Kijun-sen for confirmation.
– Chikou Span is below the price from 26 periods ago.
– Entry: At the breakout point.
– Stop Loss: Above the cloud or recent high.
– Take Profit: Near the next support level or when the cloud turns green.