Tenkan in Gunbot

This strategy is available in:


Gunbot_StandardGunbot_ProGunbot_Ultimate


Strategy Description:

The Tenkan strategy in Gunbot is a simple and easy-to-use strategy that uses the Ichimoku tenkan line to identify potential trading opportunities. This strategy includes built-in DCA (dollar-cost averaging) and ROE (return on equity) trailing, which are designed to help traders maximize their profits and minimize their losses.

To open a long position with this strategy, the price must be below the kumo (cloud) and the tenkan line must cross down the candle body. If the same conditions occur again at a price that is at least the DCA spread below the previous order, a DCA order is placed. To open a short position, the opposite conditions must be met: the price must be above the kumo and the tenkan line must cross up the candle body. If the same conditions occur again at a price that is at least the DCA spread above the previous order, a DCA order is placed.

To close a trade, the opposite conditions of opening it must be met and the ROE scalper must finish trailing. This means that if a long position was opened when the price was below the kumo and the tenkan line crossed down the candle body, the trade will be closed when the price moves above the kumo and the tenkan line crosses up the candle body. Similarly, if a short position was opened when the price was above the kumo and the tenkan line crossed up the candle body, the trade will be closed when the price moves below the kumo and the tenkan line crosses down the candle body.

Overall, the Tenkan strategy in Gunbot is a straightforward and effective way to trade using the Ichimoku tenkan line.