Short-term foreign exchange rate trading based on the support/resistance level of Ichimoku Kinkohyo

Shangkun Deng, Akito Sakurai

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

In this study, we conducted foreign exchange rate simulated trading based on a traditional Japanese technical indicator called Ichimoku Kinkohyo, which is well-known and widely used in Japan for technical analysis on various kinds of market prices. We designed two trading strategies based on the support/resistance level of the five elements of Ichimoku and conducted simulated trading on short-term foreign exchange rate. The trading strategies are applied to five currency pairs: USD/JPY, EUR/USD, GBP/USD, USD/CHF and AUD/USD. Experimental results show that the average return of one trading strategy that based on Ichimoku Kinkohyo is extremely better than that of other baseline strategies.

Original languageEnglish
Title of host publicationProceedings - 2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014
EditorsShaozi Li, Yun Cheng, Ying Dai, Xiaohong Jiang
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages337-340
Number of pages4
ISBN (Electronic)9781479931965
DOIs
Publication statusPublished - 2014 Nov 5
Event2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014 - Sapporo City, Hokkaido, Japan
Duration: 2014 Apr 262014 Apr 28

Publication series

NameProceedings - 2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014
Volume1

Other

Other2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014
CountryJapan
CitySapporo City, Hokkaido
Period14/4/2614/4/28

Keywords

  • Foreign exchange rate
  • Ichimoku Kinkohyo
  • Japanese technical indicator
  • Support and resistance
  • simulated trading

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

Cite this

Deng, S., & Sakurai, A. (2014). Short-term foreign exchange rate trading based on the support/resistance level of Ichimoku Kinkohyo. In S. Li, Y. Cheng, Y. Dai, & X. Jiang (Eds.), Proceedings - 2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014 (pp. 337-340). [6948127] (Proceedings - 2014 International Conference on Information Science, Electronics and Electrical Engineering, ISEEE 2014; Vol. 1). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/InfoSEEE.2014.6948127