Trade With Ichimoku Clouds
Learn how to build an automated strategy to trade with Ichimoku Clouds on Coinrule with TradingView signals.
The Ichimoku Cloud is a collection of 5 technical indicators. Collectively, it shows support and resistance levels, as well as momentum and trend direction. It also draws out a cloud that helps indicate where price may find resistance or support. Learn more about Ichimoku Clouds here.
The Ichimoku + ADX strategy is an improved version of the standard Ichimoku Cloud. Find out more about the script.
How to set up alerts on TradingView
Let’s start with the strategy you want to use to trigger your executions on Coinrule.
Here is the chart of MATICUSDT perpetual on Binance futures, on the 1-hr time frame, as an example. At the top of the page, you can select Indicators and Strategies to apply to the chart.
Once you find and click on the Ichimoku + ADX Strategy, Tradingview applies it to the chart, and on the bottom, you can view the backtested results based on historical data.
As a tip, to make the results more realistic, select the settings and include the fees you expect to pay on the exchange. You can then test out other trading pairs and time frames.
If you are happy with the results, you are now ready to run the strategy on Coinrule.
How to set up the strategy on Coinrule
On Coinrule, create a new rule and select your exchange, in this case, Binance futures.
Select the rule to start with a Buy signal and set the coin and amount you want to trade. Then set the sell signal and the relative action.
Finally, choose how many times you want the rule to trigger and name the strategy. You are now ready to launch the rule.
Copy the Webhook URL and make sure that it is correctly set up in the alert you will create on Tradingview. Then, copy the message.
In this case, you can paste the message just like it shows. This being a script, based on the side of the orders, Tradingview will automatically adapt the message as “buy” or “sell”, triggering the relative actions on Coinrule. Read more about how TradingView Signals work on Coinrule.
You can now start the alert on Tradingview and launch live your rule on the market. It’s that easy to trade with Ichimoku Clouds on Coinrule!
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