I have recently been debating whether to use single or double ichimoku settings. I have inspiration coming from both Chaos Trader 63 (classical Ichimoku Chartist single settings)( 9, 26, 52, 26) and Josh O. (uses double Ichi setting 20, 60,120, 30 (derived from increasing the numbers to account for crypto being 24/7 365 compared to different times on Legacy Markets)). I enjoy listening to both of them and think they are both great at what they do. Personally I find that Josh's method is more versatile in that there is the Edge to Edge Trade. This trade is somewhat of a range trade rather than a trend one (which ichi was developed for trend trading). I also like the simplistic nature of Chaos trader's single settings. The deciding factor for me to choose the single settings was due to it being only trend based and quicker to react to the market than the double settings, thus allowing me to get more trades and more data on my trading to see what works best for me. The quicker pace of single settings also aligns with my faster paced personality and can only be described as feeling right for me. Personally I think if you are having a hard time decideing which to go with you should test out a week on each and decide which you like best. Just don't use both. I tried that for a little while and it was way too much info.
I have been debating this as well. I have been setting my target at 100 pips with the classical setting but I would like to be able to take KUMO breakouts for longer term trades and I think to doubled settings are better simply because the 9 setting may be too short for the application
Michael-David
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I've been debating as well and follow both Josh and ChaosTrader. Thank you for the short article!