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Overview
Ichimoku OBX25 Trader - Detailed Description
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Introduction
Ichimoku OBX25 Trader is a sophisticated Expert Advisor that we have designed and optimized for trading the Norwegian OBX25 index. After several years of research and optimization, we developed this EA using the Ichimoku Kinko Hyo indicator with specific settings for each day of the week, effectively capturing market movements.
History and Development
We started developing this EA in 2019 with the aim of creating a system that could operate in all market conditions, including major crises like COVID-19. After four years of in-depth study of the OBX25's behavior, we created a system that leverages the unique nature of this Norwegian index, known for its stability and gradual upward trend.
Unique Characteristics of OBX25
OBX25 behaves differently from other indices, typically moving in a steady and progressive manner. This distinct behavior led us to refine a strategy over the years. One of the major advantages of this market is the significant reduction in swaps: while other indices may impose up to 30% annual swap, we have optimized our strategy to reduce this cost to less than 20%.
Trading Methodology
Our EA operates on an eight-hour timeframe, providing a balanced market perspective. A unique feature of this strategy is its patience—observing market conditions for weeks without taking a position, waiting for the optimal setup. However, when the opportunity arises, it executes decisively, opening multiple positions within a short period.
Capital Management and Crisis Resistance
To maximize security against market volatility, we recommend a minimum capital of $25,000 when operating at maximum lot sizes. This capitalization level allows the strategy to withstand bearish movements without compromising account integrity.
A crucial recommendation: Drawdown periods may occur depending on the start date. For this reason, we strongly advise limiting lot usage to 60% of full capacity during the first year of operation. This gradual approach helps reach the optimal capital of $25,000 without unnecessary stress while allowing the system to adjust to market conditions and the trader's profile.
Required Configuration
- Minimum recommended deposit: $500 (to start with minimal position sizes)
- Recommended leverage: 1:100, 1:10
- Platform: MetaTrader 5
- Market: OBX25 (Norwegian stock index)
Key Features
- Daily optimized Ichimoku settings tailored to OBX25’s market specifics
- Dynamic risk management adapted to Norwegian index fluctuations
- Position closure mechanism based on interaction with the Kijun-sen
- Different parameter settings for each weekday, reflecting the Norwegian market's peculiarities
- Grouped position management to maximize profits
- Strategy tested and proven across various economic cycles, including the COVID-19 crisis
Conclusion
Ichimoku OBX25 Trader is the result of years of study and optimization, specifically designed for the OBX25 index. It is not intended for traders seeking quick gains but rather for those who understand the value of a patient and methodical approach—capable of delivering stable long-term results while leveraging the unique characteristics of the Norwegian market. Gradual growth is the secret to its success, enabling users to reach a solid capital base of $25,000 and fully unlock the EA’s potential.
