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Ichimoku

This page describes how futures trading works with the ichimoku strategy. The triggers for trades are slightly different than in the same strategy for regular trading.

How to work with this strategy#

Gunbot will open one position, either long or short, and close this position when the target is reached. When the stop is hit before profitably closing a trade, Gunbot will place a stop order at loss. After closing a position, Gunbot will again look to open a new long or short position. Gunbot will not add to existing open positions.

Please don't manually add to or reduce positions opened by Gunbot, unless you stop running Gunbot on this trading pair until you've closed this position.

For this strategy it is recommended to use an additional momentum indicator to confirm long and short entries.

Long / Buy#

Before a long position is opened, one of the following conditions must occur to put Gunbot on "long alert":

  1. The current candle crosses over Kumo. This means that all of open, close, high and low must be above Kumo.
  2. Tenkan-sen crosses over Kijun-sen, above Kumo.

A long position is then opened when both of the following confirmations happens in a later cycle, they do not have to happen in the same cycle:

  1. Chikou-span crosses over the "past Kumo" (Kumo value of x periods ago, defined by DISPLACEMENT).
  2. The "future Kumo" is bullish/green (Kumo value of x periods in the future, defined by DISPLACEMENT).

Short / Sell#

Before a short position is opened, one of the following conditions must occur to put Gunbot on "short alert":

  1. The current candle crosses below Kumo. This means that all of open, close, high and low must be below Kumo.
  2. Tenkan-sen crosses under Kijun-sen, below Kumo.

A short position is then opened when both of the following confirmations happens in a later cycle, they do not have to happen in the same cycle:

  1. Chikou-span crosses under the "past Kumo" (Kumo value of x periods ago, defined by DISPLACEMENT).
  2. The "future Kumo" is bearish/red (Kumo value of x periods in the future, defined by DISPLACEMENT).

Close#

A long position is closed when the current candle crosses under Tenkan-sen, Kijun-sen or Kumo. This means that all of open, close, high and low must be below the selected item. Alternatively, you can set a ROE target for closing a position.

A short position is closed when the current candle crosses over Tenkan-sen, Kijun-sen or Kumo. This means that all of open, close, high and low must be above the selected item. Alternatively, you can set a ROE target for closing a position.

You can configure which of the three items is used for closing a position, with TENKAN_CLOSE, KIJUN_CLOSE, KUMO_CLOSE or ROE_CLOSE. If multiple of these parameters are set to true, the first of which occurs will close the position.

Stop#

A long position is stopped when the current candle crosses under Tenkan-sen, Kijun-sen or Kumo. This means that all of open, close, high and low must be above the selected item.

A short position is stopped when the current candle crosses over Tenkan-sen, Kijun-sen or Kumo. This means that all of open, close, high and low must be over the selected item.

You can configure which of the three items is used for stopping a position, with TENKAN_STOP, KIJUN_STOP or KUMO_STOP. If multiple of these parameters are set to true, the first of which occurs will close the position. Make sure to use different lines for closing and stopping a position.

After a stop is hit, the "alert" conditions for a long or short must happen again before another position is opened.

Strategy parameters#

Following settings options are available for ichimoku and can be set in the strategy configurator of the GUI or the strategies section of the config.js file.

These settings are global and apply to all pairs running this strategy. When you want a specific parameter to be different for one or more pairs, use an override at the pair level.

Using the BUY_METHOD and SELL_METHOD parameters you can combine different methods for buying and selling. This strategy page assumes both BUY_METHOD and SELL_METHOD are set to ichimoku. Accepted values are all strategy names as listed here.

Margin settings#

Margin settings control settings like leverage and the target for ROE. These parameters are relevant when using ichimoku as buy and/or sell method.

ROE#

This sets the target for closing a position.

ROE is the Return On Equity for a position, the percentage profit and loss on your invested margin. This value is calculated in a similar way to how Bitmex calculates it, it does include leverage and does not include fees.

Examples:

Long position, 1x leverage.
When price moves 1% above the average entry price, 1% ROE is reached.

Long position, 100x leverage (or cross leverage).
When price moves 1% above the average entry price, 100% ROE is reached.

Short position, 20x leverage
When price moves 1% below the average entry price, 20% ROE is reached.


PND#

Use "PND" logic to close trades. This mode tries to not close a position before a pump or dump has fully played out - usually beats ROE trailing performance.

Respects the minimum ROE set.


PND protection#

Threshold to close a position when it drops below ROE again.

A value of 1.5 means that if ROE reached 1.5x the minimum target, the position will get closed immediately if the trend turns.


Leverage#

Sets the leverage for opening any position. Setting 0 places the order with cross margin.

{% hint style="warning" %} On Binance Futures you must set leverage per pair on the exchange itself. :::


Stop Buy#

Places a market stop order for a long position, at the same time as the position is opened.

When set to 1 and a long order is opened at a price of 100, a stop market order will be placed at 99.

tip

This setting is exclusive to Bitmex


Stop Sell#

Places a market stop order for a short position, at the same time as the position is opened.

When set to 1 and a short order is opened at a price of 100, a stop market order will be placed at 101.

tip

This setting is exclusive to Bitmex


ROE Trailing#

Use this to enable tssl-style trailing for ROE.

Trailing limit is set with ROE_LIMIT.


ROE Scalper#

Use this to enable an alternate trailing mechanism for closing positions.

Trailing limit is set with ROE_LIMIT. Additionally ROE_TRAILING must be enabled.


ROE Limit#

This sets the range for ROE trailing.

ROE trailing:

Range is a percentage of current ROE. Setting a ROE_LIMIT of 5 at a ROE target of 1 would set an initial range between 0.95 and 1.05.

ROE scalper:

Range is an absolute ROE value. Setting a ROE_LIMIT of 5 at a ROE target of 10 means that the trailing stop is initially set at ROE 5 (ROE minus ROE_LIMIT).

Both:

As long as ROE keeps increasing, the range moves along with ROE. As soon as ROE start decreasing, the lower range gets frozen. A close order is placed when ROE crosses the lower limit.


Pre Order#

When set to true, limit orders will placed at a configurable rate beyond the best bid/ask price to get ahead of the order book.


Pre Order Gap#

Sets the gap between the best bid/ask price in the orderbook and the rate at which a limit order gets placed. Long orders are placed at ask + gap. Short orders are placed at bid - gap.

It is possible to use negative values, this will increase the chance of receiving maker fees.

Example when set to 1 and a buy signal occurs at an ask price of 100: a limit order gets placed at a rate of 101. When set to -1 and a buy signal occurs at an ask price of 100: a limit order gets placed at a rate of 99.

Don't use a negative gap together with STOP_BUY and/or STOP_SELL, as these stops do not combine well with position that do not always fill.


Buy settings#

Buy settings are the primary trigger for opening long positions. 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.


NBA#

"Never Buy Above". Use this to only allow buy orders below the last sell rate.

This sets the minimum percentage difference between the last sell order and the next buy. The default setting of 0 disables this option.

When set to 1, Gunbot will only place a buy order when the strategy buy criteria meet and price is at least 1% below the last sell price.


Sell settings#

Sell settings are the primary trigger for opening short positions. 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.


Indicator settings#

Relevant indicators for trading with EMA spread.

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.

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 "base 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 Close#

Enable this to close a position when the current candle moves completely below (long) or above (short) Kijun-sen.

Do not enable multiple close triggers.


Tenkan Close#

Enable this to close a position when the current candle moves completely below (long) or above (short) Tenkan-sen.

Do not enable multiple close triggers.


Kijun Close#

Enable this to close a position when the current candle moves completely below (long) or above (short) Kijun-sen.

Do not enable multiple close triggers.


ROE Close#

Enable this to stop a position when ROE is reached.

Do not enable multiple close triggers.


Kumo Stop#

Enable this to stop a position when the current candle moves completely below (long) or above (short) Kumo.

Do not enable multiple stop triggers.


Tenkan Stop#

Enable this to close a position when the current candle moves completely below (long) or above (short) Tenkan-sen.

Do not enable multiple stop triggers.


Kijun Stop#

Enable this to stop a position when the current candle moves completely below (long) or above (short) Kijun-sen.

Do not enable multiple stop triggers.


Ichimoku Protection#

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.


Balance settings#

Balance settings

Confirming indicators + advanced indicator settings#

Confirming indicators

Misc settings#

Misc settings

Dollar cost avg settings#

DCA Method#

When set to TENKAN Gunbot will place DCA orders in exactly the same way as in the Tenkan strategy. Each DCA order is in size of TRADING_LIMIT.


Reversal trading settings#

RT is not intented to be used for futures trading.

TrailMe settings#

TrailMe is not intended to be used with this strategy.

Placeholders#

The following parameters in config.js have no function for this strategy and act as placeholder.

ParameterDescription
ATRXPlaceholder.
ATR_PERIODPlaceholder.
BUYLVL1Placeholder.
BUYLVL2Placeholder.
BUYLVL3Placeholder.
BUYLVLPlaceholder.
BUY_LEVELPlaceholder.
BUY_RANGEPlaceholder.
DOUBLE_CHECK_GAINPlaceholder.
FAST_SMAPlaceholder.
GAINPlaceholder.
HIGH_BBPlaceholder.
ICHIMOKU_PROTECTIONPlaceholder.
KIJUN_BUYPlaceholder.
KIJUN_SELLPlaceholder.
KUMO_BUYPlaceholder.
KUMO_SELLPlaceholder.
KUMO_SENTIMENTSPlaceholder.
LONG_LEVELPlaceholder.
LOW_BBPlaceholder.
MACD_LONGPlaceholder.
MACD_SHORTPlaceholder.
MACD_SIGNALPlaceholder.
MEAN_REVERSIONPlaceholder.
PP_BUYPlaceholder.
PP_SELLPlaceholder.
SELLLVL1Placeholder.
SELLLVL2Placeholder.
SELLLVL3Placeholder.
SELLLVLPlaceholder.
SELL_RANGEPlaceholder.
SHORT_LEVELPlaceholder.
SLOW_SMAPlaceholder.
STOP_LIMITPlaceholder.
TAKE_BUYPlaceholder.
TBUY_RANGEPlaceholder.
TENKAN_BUYPlaceholder.
TENKAN_SELLPlaceholder.
TP_PROFIT_ONLYPlaceholder.
TP_RANGEPlaceholder.
TSSL_TARGET_ONLYPlaceholder.