Expert Ichimoku – EA MetaTrader 5

Idea by: Alina

MQL5 code author: barabashkakvn

The Expert Advisor is based on the iIchimoku (Ichimoku Kinko Hyo) indicator. If the last position was closed at a loss, the next one will be opened with the increased volume (the volume increase is one-time, there is no constant volume increase).

A losing position is tracked in OnTradeTransaction: transaction type Structure of a trade transaction and deal type DEAL_ENTRY_OUT are expected.

Input Parameters

Input Parameters

  • Ichimoku: period of Tenkan-sen;
  • Ichimoku: period of Kijun-sen;
  • Ichimoku: period of Senkou Span B.

Trading parameters

  • Stop Loss – stop loss;
  • Take Profit – take profit;
  • Trailing Stop – trailing;
  • Trailing Step – trailing step;
  • Maximum positions – maximum number of positions in the market;
  • Lots – fixed position volume;
  • Risk – position volume calculated dynamically as risk percent per trade;
  • magic number – unique EA identifier.
Alternative:  This indicator throws Buy/Sell signals upon breaking levels - indicator MetaTrader 4

EURUSD, H1:

Expert Ichimoku


📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks