Ichimoku EA: Free MT4 Expert Advisor

Overview

Ichimoku EA incorporates four distinct trading methods: the Ideal Strategy, Tenkan-Kijun-Chikou crossing, Kumo breakout, and Chikou Span crossing. The robot manages risk through fixed stop loss and take profit levels, a maximum trade limit, and an extensive trailing stop module. The trailing stop can be configured to use Parabolic SAR, ATR, Moving Averages, fractals, or candlestick extremums. It also features an optional time-based auto-close mechanism for losing trades. The documentation is minimal.

Four Ichimoku based trading strategies

Advanced multi-method trailing stop system

Time-based automatic trade closure

Configurable maximum open trade limits

Details

Author

anwarminarso on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Trend following, Breakout, Indicator crossover

Markets

Any symbol

Timeframes

M1-M5, M15-H1

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

Source

github.com/anwarminarso/Trading

Input Parameters

Read from Ichimoku EA v2.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`s1`	`string`	`----- General Settings -----`
`BuyTakeProfit`	`double`	`0`	Default TP for Buy
`BuyStopLoss`	`double`	`95`	Default S/L for Buy
`SellTakeProfit`	`double`	`0`	Default TP for Sell
`SellStopLoss`	`double`	`95`	Default S/L for Sell
`Lots`	`double`	`1`	Lot
`maxTrade`	`int`	`3`	Max Open Trade (for All Trade)
`s2`	`string`	`----- Ichimoku Settings -----`
`IchimokuTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_M5`	Ichimoku Time Frame
`TenkanSenPeriod`	`int`	`9`	Tenkan Sen
`KijunSenPeriod`	`int`	`26`	Kijun Sen
`SenkouSpanPeriod`	`int`	`52`	Senkou Span

Show all 40 inputs

Name	Type	Default	Description
`s3`	`string`	`----- Ichimoku Strategy -----`
`IdealStrategy`	`bool`	`true`	Ideal Strategy (using Ichimoku Time Frame)
`maxTradeIdealStrategy`	`int`	`1`	Max Open Trade for Ideal Strategy
`TenkanKijunStrategy`	`bool`	`true`	Tenkan/Kijun/Chikou Crossing Strategy (using Ichimoku Time Frame)
`maxTradeTenkanKijunStrategy`	`int`	`1`	Max Open Trade for Tenkan/Kijun/Chikou Crossing Strategy
`KumoBreakoutStrategy`	`bool`	`true`	Kumo Breakout Strategy
`KumoBreakoutStrategyTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_H1`	Kumo Breakout Strategy Time Frame
`maxTradeKumoBreakoutStrategy`	`int`	`1`	Max Open Trade for Kumo Breakout Strategy
`ChikouSpanStrategy`	`bool`	`true`	Chikou Span Crossing Strategy
`ChikouSpanStrategyTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_M5`	Chikou Span Strategy Time Frame
`maxTradeChikouSpanStrategy`	`int`	`1`	Max Open Trade for Chikou Span Strategy
`s4`	`string`	`----- Trailing Settings -----`
`EnableTrailing`	`bool`	`true`	Enable Trailing
`TrailingStart`	`int`	`1`	Minimal profit of trailing stop in points
`TrailingStep`	`int`	`1`	Stop loss movement step
`TrailingPeriod`	`ENUM_TIMEFRAMES`	`PERIOD_M1`	Trailing Period
`TrailingMethod`	`MY_EA_ENUM_TRAILING_METHOD`	`e`	Trailing Method
`TrailingLabelColor`	`color`	`Lime`	Trailing Label Color
`TrailingDelta`	`int`	`35`	Offset from the stop loss calculation level
`ATRPeriod`	`int`	`14`	ATR period (for ATR Trailing)
`SARStep`	`double`	`0.02`	Parabolic SAR Step (for Parabolic Trailing)
`SARMaximum`	`double`	`0.2`	Parabolic Maximum (for Parabolic Trailing)
`MAPeriod`	`int`	`34`	MA period (for MA Trailing)
`MAMethod`	`ENUM_MA_METHOD`	`MODE_SMA`	Averaging method (for MA Trailing)
`MAAppliedPrice`	`ENUM_APPLIED_PRICE`	`PRICE_CLOSE`	Price type (for MA Trailing)
`s5`	`string`	`----- Auto Close Management -----`
`autoCloseEnabled`	`bool`	`false`	Auto Close Order (if loss)
`autoCloseOrderMinute`	`int`	`15`	Auto Close Order (within Minute(s))

How to Install It

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

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 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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