Elliott-Ichimoku Wave Impulse System

Family: trend_following · Regime: trending · Complexity: high · Asset classes: FX, Equities, Crypto · Timeframes: H1, H4

Thesis

This strategy hypothesizes that market trends are most profitable when 'momentum' (MACD/Volume) aligns with 'structural expansion' (Boxline breakouts) during 'impulsive phases' (Elliott Wave 3/5). By filtering for Ichimoku equilibrium, we ensure we are not trading against the dominant macro force, while the TOD filter ensures we only engage during the highest probability liquidity windows.

Components

• Ichimoku Kinko Hyo (regime) — Establishes the macro trend regime; entries are only permitted when price is on the correct side of the Kumo cloud.
• Elliott Wave [LuxAlgo] (direction) — Filters for impulsive market cycles (Waves 3 or 5) to avoid entering during exhausted or corrective phases.
• Best Volume Trend Expert (entry) — Provides the final execution trigger by combining MACD momentum with localized support/resistance breakouts within high-liquidity hours.
• TopTrend (BBands Stop) (exit) — Acts as a volatility-adjusted trailing stop to capture the meat of the trend while exiting on mean-reversion signals.
• ATR SL Finder (risk) — Calculates the initial hard stop loss based on current market volatility to prevent premature hunt-outs.
• Boxline (Dynamic Range Breakout) (volatility_filter) — Filters out entries within expanding ranges; requires a fresh 'Box' breakout to confirm the expansion of volatility.

Known failure conditions

• The strategy fails if the Elliott Wave pivot logic produces excessive lag, causing Wave 3 entries to occur at Wave 5 peaks.
• Failure occurs in 'sawtooth' markets where Boxline breakouts are immediately followed by deep retracements back into the previous box range.

Explore the full interactive blueprint with parameter ranges and evidence on WOBR StrategyVerse, or generate this strategy as an MT4/MT5 Expert Advisor with QuantMogul AI Engine (free download).