Archived: Is there a specific way to set stop-loss and take-profit levels using the Ichimoku Kinko Hyo indicator?

Expert Advisors & Indicators
1

Is there a specific way to set stop-loss and take-profit levels using the Ichimoku Kinko Hyo indicator?

2

Traders can set stop-loss levels below the cloud (Senkou Span A and Senkou Span B) when in a long position and above the cloud when in a short position.

3

Take-profit levels can be set based on key support and resistance levels identified by the Ichimoku components.