Ichimoku Cloud Breakout AR: Free MT5 Expert Advisor

Overview

Ichimoku Cloud Breakout AR incorporates several technical filters including Average True Range for volatility and Average Directional Index for trend strength to refine entries. Risk management is handled through percentage-based lot sizing, fixed risk-to-reward ratios, and various exit strategies such as Kijunsen trailing stops or Tenkan-Sen and Kijun-Sen crossovers. The project is currently a work in progress with a minimal README and is intended for developmental testing.

Ichimoku Kinko Hyo breakout logic

ATR and ADX trend filters

Percentage-based risk position sizing

Multiple exit signal configurations

Optional Kijunsen trailing stop

Details

Author

Andrukas8 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout, Indicator crossover

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

AR_Ichimoku_Cloud_Breakout.mq5

Source

github.com/Andrukas8/Ichimoku_Trading_Robot

Input parameters

Read from AR_Ichimoku_Cloud_Breakout.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`PercentRisk`	`double`	`2`
`MinSLPoints`	`double`	`50`
`SL_Offset`	`double`	`0`
`RiskToReward`	`double`	`1.5`
`SL_Kijunsen_Trailing`	`bool`	`false`
`Close_Pos_Kijunsen`	`bool`	`true`
`Close_Pos_TK_Cross`	`bool`	`true`
`UseKumoFilter`	`bool`	`true`
`UseAtrFilter`	`bool`	`true`
`AtrMaPeriod`	`int`	`10`
`AtrFilterLength`	`int`	`8`
`UseAdxFilter`	`bool`	`true`

Show all 17 inputs

Name	Type	Default
`AdxMAPeriod`	`int`	`14`
`AdxThreshhold`	`int`	`25`
`Tenkansen`	`int`	`9`
`Kijunsen`	`int`	`26`
`SenkouspanB`	`int`	`52`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Andrukas8/Ichimoku_Trading_Robot from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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