Ichimoku Abraham Trend system

I created this system and traded it for some other forum but for now, I think, we can improve it by using AbrahamTrend_v1 indicator from this post.

Two indicators are used only:

- AbrahamTrend_v1
and
- Ichimoku as standard indicator in MT4.

Template is attached to this post.

How to install:

- download AbrahamTrend_v1 indicator from this post and place it in indicators folder (to C:\Program Files\Alpari MT4\experts\indicators for example), compile in MetaEditor or restart MT4;
- download ichimokuabrahamtrend.tpl file and place it to template folder (for example, to C:\Program Files\Alpari MT4\templates);
- Open chart, right mouse click on the chart, select our template by name, and indicators with the settings will be loaded (you should have the chart similar with above one).

Breakdown is going on for USDCHF on open bar for now:

and breakout for EURUSD (on open bar as well):

Seems we need to wait one more bar just to be sure about it.

This system (Ichimoku Abraham Trend system) works especially when price is crossing Ichimoku cloud for example, we can see it here:

I think, if we use this Abraham indicator for stop loss/trailing stop so it will be very thin/small stop loss. In most of the cases - we can use NRTR Color line indicator from this thread Nrtr

This kind of setup when price is crossing one of the border of the cloud for reversal - it is good for scalping. I mean: it may be good scalping system in this case.

I think - H1 timeframe may be good for this system - it is my trades for today (trades did not close so it is based on equity sorry):

• EURUSD: +29 pips
• USDCHF: +14 pips

This is updated situation for EURUSD H1 with this system:

Updated situation: +57 pips for now

+94 pips in profit (based on equity open trade):

This is updated situation for Ichimoku Abraham Trend system:

+87 pips for EURUSD

and +30 pips for USDCHF

+111 pips for EURUSD and +48 pips for USDCHF