Ichimoku Cloud Video: How to Trade this Indicator?
Research Performed With TrendSpider
Through TrendSpider’s advanced backtesting engine, I conducted a scientific analysis of Ichimoku Cloud’s accuracy, settings, and success rates.
I performed a backtest of the Ichimoku Cloud strategy on the DJ-30 Index stocks over a 20-year period, equating to 600 years of data and 15,024 trades.
The results of the Ichimoku test revealed a disappointing 10% win rate. The indicator underperformed a buy-and-hold strategy 90% of the time, making it an ineffective choice for traders.
Did you know TrendSpider and TradingView can automatically detect chart patterns, and backtest indicators for you?
| Ratings | TrendSpider 4.8⭐ | TradingView 4.8⭐ |
|---|---|---|
| Features | USA Charts, Watchlists, Screening | Global Charts, Trading, News, Watchlists, Screening |
| Unique Features | Real AI, Pattern Recognition, Best Backtesting, Auto-trading, News Scanner | 20 Million User Community, Backtesting, Bots, Broker Integration |
| Best for | Stock, Options, FX & Crypto Traders | Stock, FX & Crypto Traders |
| Free Plan | ❌ | TradingView Free |
| Free Trial | Free 7-Day | Free 30-Day |
| Discount | Code "LST30" for 30% to 63% Off | -17% on yearly plan + $15 Discount |
| Price | $54 | $214 | $0 | $14 | $28 | $56 |
| Markets | USA | Global |
| Full Review | TrendSpider | TradingView |
Read the full article here: Does Ichimoku Cloud Work?