ichimok2005 – expert for MetaTrader 5

  • A+

The author of the idea: John Smith, the mq5 code author: barabashkakvn.

The EA trades based on the signals of iIchimoku (Ichimoku Kinko Hyo) using a fixed lot. When a signal emerges, opposite positions are closed.

The Buy signal:

   if(Senkou_Span_A>Senkou_Span_B)
      if(Close>Open)
         if(Senkou_Span_B<Close && Close<Senkou_Span_A)

Example:

ichimok2005 - expert for MetaTrader 5

The Sell signal:

   if(Senkou_Span_B>Senkou_Span_A)
      if(Open>Close)
         if(Senkou_Span_B>Close && Close>Senkou_Span_A)

Input Parameters

  • Ichimoku settings
    • Ichimoku: period of Tenkan-sen;
    • Ichimoku: period of Kijun-sen;
    • Ichimoku: period of Senkou Span B.
  • Trade settings
    • Lots - position volume;
    • Stop Loss (in pips) - stop loss value;
    • Take Profit (in pips) - take profit value;
    • magic number - Expert Advisor identifier.

Example of EA launch on EURUSD,H3:

ichimok2005 - expert for MetaTrader 5

Comment

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