This powerful script takes the classic Ichimoku Cloud strategy and revitalizes it by allowing the user to make multiple DCA orders on each trade. Spreading your entry through DCA orders allows you to give the entry point room to breathe, and average down your position as the volatility momentarily pulls price against you. Both long and short positions are possible, each limited to a maximum of 5 DCA orders per trade.
When the Ichimoku cloud is showing bullish direction, only long trades will be allowed. During bearish direction, short trades will be allowed.
Two additional multi-timeframe EMA's can be added and used as filters for the long and short entries.
If you like you can use as little as one entry order per trade:
Or you can use up to a maximum of 5 DCA orders
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updated some default inputs and tooltips
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fixed the "reset price" not plotting on the screen added an input for enabling / disabling the " enter new trade ASAP " - explained in the tooltips. added support for doing a market buy on layer 1
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added support for "take profit" placeholder being sent in the "bot reset" alert
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minor visual fix - current stoploss price wasn't displaying
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minor visual fix for layer prices displaying after being filled
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minor visual edit
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minor visual edit
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updated data table format removed barstate.isrealtime conditionals in trade logic added "error kill switch" as an alternative method of dealing with possible mismatches that can occur between Tradingview and the exchange
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fixed the break even price showing as 0 when in a short position
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added "tick overshoot" input for guaranteeing limit orders are filled before the indicator counts them as filled. changed the "killswitch" message for clarity
If you're familiar with Ichimoku already, then you can understand how sometimes it is frustrating to see the price pull back and stop you out right after your entry, just to reverse again and continue on to what could have been a profitable trade. Adding DCA orders and a moving TP price to the strategy is my proposed solution by allowing the volatility to give you a better entry price after the cloud already signaled its entry. This is a powerful tool and with some tinkering it will give you a higher win ratio.