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This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Ichimoku Kinkohyo
This MetaTrader 4 expert advisor executes trades based on a trend-following system using four Simple Moving Averages and a custom indicator.
GitHub stars1
Forks0
Last update9 years ago25 Aug 2017
LicenceNone stated
Overview
Ichimoku Kinkohyo identifies entry points when price interacts with a specific sequence of moving averages (25, 75, 100, and 200 periods) while confirming the trend direction. Risk management is handled through fixed lot sizes and a configurable stop loss. The EA also monitors a timeout duration for trade closures. The documentation is missing, but the code reveals a logic focused on moving average alignment and price action.
- Four-period moving average alignment filter
- HMD custom indicator integration
- Adjustable fixed lot sizing
- Trade closure timeout parameter
Details
Author
KotaroHashimoto on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Trend following, 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
Input parameters
Read from Ichimokukinkohyo.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Magic_Number | int | 1 | |
Entry_Lot | double | 0.1 | |
Close_TimeOut_Sec | int | 10 | |
Stop_Loss | double | 0.1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone KotaroHashimoto/ichimoku 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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