This MetaTrader 5 expert advisor implements a box breakout strategy designed for the foreign exchange market. The robot identifies price ranges during specific time windows and enters trades upon a breakout. It features a trend filter using fast and slow moving averages to align entries with broader market direction. R
Trading robot · MT4
Ichimoku Kumo Breakout
This MetaTrader 4 expert advisor implements a breakout strategy based on the Ichimoku Kinko Hyo indicator.
GitHub stars3
Forks4
Last update7 years ago10 Sep 2019
LicenceNone stated
Overview
Ichimoku Kumo Breakout scans all financial instruments visible in the Market Watch window to identify price movements relative to the Ichimoku cloud. The robot enters buy positions when a 15-minute candle opens below the Kumo top and closes above it. The code includes built-in logging features to export symbol data to CSV files and applies a spread filter before execution. It is intended as a framework for learning MQL4 development.
- Automated Ichimoku Kumo breakout detection
- Multi-symbol Market Watch scanning
- Real-time market data CSV export
- Built-in spread filter limitation
Details
Author
reuniware on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Breakout, Trend following
Markets
Forex
Timeframes
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone reuniware/Metatrader4-Ichimoku-KumoBreakOut 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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