Ichi360 v8 is a free Forex signals indicator for Metatrader 4 that measures the trend for multiple time frames and then displays the final buy or sell trend in a dashboard.
The indicator appears in the main MT4 chart as a mini dashboard and displays the % bullish or bearish together with some other technical analysis info.
Buy & Sell Trade Example
- A buy signal occurs as soon as the Ichi360 v8 indicator displays “75% Bullish” or higher.
- A sell signal occurs as soon as the Ichi360 v8 indicator displays “75% Bearish” or higher.
The Ichi360 v8 indicator can be used for both entry and exit signals or mixed with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “ichi360v8.ex4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Ichi360 v8 mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Ichi360 v8 Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Repaint? No.
Ichi360 V8 + Wolfe Wave MT4 Intraday Strategy
This intraday strategy combines the Ichi360 V8 Forex Signal Indicator for MT4 with the Wolfe Wave Forex Indicator for MT4.
The strategy is designed to catch high-probability intraday moves by combining trend strength with precise reversal patterns.
Ichi360 V8 provides market sentiment in percentages, helping traders determine strong bullish or bearish conditions.
The Wolfe Wave indicator identifies natural price patterns and projection levels for entries and exits.
This strategy works well on M15 and H1 charts.
It is suitable for active forex traders who want clear signals with defined entry and exit rules.
The system is designed to simplify decision-making by only taking trades where both trend strength and pattern alignment are present.
Buy Entry Rules
- Wait for Ichi360 V8 to show “75% Bullish” or higher, indicating a strong upward trend.
- Look for a bullish Wolfe Wave pattern forming near support.
- Enter a buy trade when the price breaks above the Wolfe Wave trendline with confirming bullish candles.
- Place a stop loss just below the nearest support or the last low of the Wolfe Wave pattern.
- Set take profit at the projected target line of the Wolfe Wave (point 6) or a 1.5–2 times risk-to-reward ratio.
Sell Entry Rules
- Wait for Ichi360 V8 to show “75% Bearish” or higher, indicating a strong downward trend.
- Identify a bearish Wolfe Wave pattern forming near resistance.
- Enter a sell trade when the price breaks below the Wolfe Wave support line with confirming bearish candles.
- Place a stop loss just above the nearest resistance or the last high of the Wolfe Wave pattern.
- Set take profit at the projected Wolfe Wave target or a 1.5–2 times risk-to-reward ratio.
Advantages
- Combines trend strength and reversal patterns for higher probability trades.
- Provides clear entry and exit points.
- Easy to follow, even for beginners, once familiar with Wolfe Wave patterns.
- Works on multiple forex pairs and timeframes.
- Helps reduce false entries by requiring alignment of trend and pattern.
Drawbacks
- Requires patience to wait for both trend confirmation and Wolfe Wave completion.
- Less effective during low volatility or choppy markets.
- Manual recognition of Wolfe Waves can be challenging for new traders.
- Missed opportunities can occur if the price moves quickly through zones.
- Stop loss and take profit placement must be precise for success.
Example Case Study 1
On the EURUSD H1 chart during the London session, Ichi360 V8 displayed 83% Bullish.
A bullish Wolfe Wave pattern formed near a strong support level.
Price broke above the trendline with confirming candles, and a buy trade was opened.
The stop loss was placed below the pattern low.
Price moved steadily toward the projected target, yielding 76 pips before a minor pullback occurred.
Example Case Study 2
On GBPUSD H1, Ichi360 V8 showed 79% Bearish.
A bearish Wolfe Wave formed near a resistance level. Price broke below the trendline, confirming the setup.
A sell trade was entered with the stop loss above the wave high.
The take profit was reached as the price declined to the projected point, generating 89 pips profit in less than one trading session.
Strategy Tips
- Focus on M15 and H1 charts for the best balance between signal reliability and trade frequency.
- Trade only when both Ichi360 V8 and Wolfe Wave align.
- Avoid trading during major news events that could cause sudden spikes.
- Limit trades to one or two pairs to monitor patterns effectively.
- Use disciplined risk management, risking no more than 1–2% per trade.
- Backtest the strategy on historical charts to understand pattern formation and target accuracy.
