HOW IT STARTED 
Well, after blowing a $10,000 account and eating up almost $5,000 of my new account, I realised that I needed a good strategy. So while I was exploring the numerous indicators on the
MT4 platform, I came across this one indicator called Ichimoku. It was the most complicated indicator I had ever seen and I just wondered who had enough brains to device it. One other thing I wondered was if I had the brains to understand what it did. So I went down to the MetaQuotes site and started reading about it… Not being a language person, I realized that I did not really understand what was being told and didn’t feel like it either. But, before removing it off my screen I thought that I should give it a try on my own. So I did…
THE DISCOVERY:
Nothing too big but I realized that as was written in the text on the MetaQuotes site, price did keep going after it crossed the blue line (Kijun-Sen). I went ahead and painstakingly back tested it on gbp/usd writing each buy and sell point on a piece of paper and the results were quiet impressive.
THE RESULTS: 
Now, I set a criterion that whenever price crossed above the Kijun-Sen line, I would buy and when it went below the line, sell. I kept a stop loss of 30 and profit limits of 20 pips. The results I came up with were:
LOSS: 630 pips PROFIT: 820 pips
These results are from 1st June, 2005 to 23rd June, 2005 (17 trading days) on the GBP/USD 15min chart. The total profit came out to be 190 pips which means
more than 10 pips a day and on five lots it would mean more than 50 pips a day on one currency.
If I had not kept a profit limit and taken profits at the end of all runs then the total profit would be a whopping (hold your breath)
2107 pips per lot in 17 days.
One thing I forgot to mention was that I also look at the direction of a 20 EMA, so that any false spikes can be omitted.
This system also showed great results with the EUR/JPY on the 4 Hour chart.
Another safe alternative to this technique would be to just take a few pips whenever price crosses the line, because I realised that about 90% of the time on any currency, price crosses the line and goes for about 10-15 pips. So, lets say that if you take just 3 pips per trade and you make 3 trades in a day on each of the four majors, that comes out to be 3 X 3 X 4 = 36 pips a day which I guess is really good for a beginner, but you'll have to stay glued to the screen.
Rockin' Tradin'
-Akash
Quote:
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Originally Posted by Edit
I have mentioned above that I use 15 min charts, but have come to realise that 30 min charts are much safer. Also, I am right now using 20 pip stops instead of my original 30 pip mentioned s/l, the profit limit is 20 pips and I just trail the stops as price goes up. I put break even stops at as soon as price crosses 10 pips.
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Quote:
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Originally Posted by Edit 2
1. Don't trade if the KS line goes vertical and then price comes in and hits it. The safest trades are when the line is horizontal.
2. I am not using an EMA, I was mistaken about that  , it is a LWMA (Linear Weighted Moving Average).
3. Take short trades only when the MA is above the KS line and take long trades only when the MA is below the KS line.
Please remember I am still working on the system and all suggestions are more than welcome. 
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