ichimoku
Info
The ichimoku is a Expert Advisor for MetaTrader 5 that buy position opening rule:tenkan-sen on bar #1 < kijun-sen on bar #0 andtenkan-sen on bar #0 >= kijun-sen on bar #0 andclose of bar #0 > senkou span b on bar #0 the following rule is applied for opening sell positions (the difference from the buy rule is marked with color):tenkan-sen on bar #1 > kijun-sen on bar #0 andtenkan-sen on bar #0 <= kijun-sen on bar #0 andclose of bar #0 < senkou span b on bar #0. test on eurusd,d1:input parameters lots- position volume;stop loss buy(in pips) - stop loss of a buy position;take profit buy(in pips) - take profit of a buy position;stop loss sell(in pips) - stop loss of a sell position;take profit sell(in pips) - take profit of a sell position;trailing stop buy(in pips) - trailing stop of a buy position;trailing stop sell (in pips) - trailing stop of a sell position;use trade hours- enable/disable the time filter;start hour- operation start hour;end hour- operation end hour;ichimoku: period of tenkan-sen;ichimoku: period of kijun-sen;ichimoku: period of senkou span b;magic number- expert advisor's unique identifier.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ichimoku
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
buy position opening rule:tenkan-sen on bar #1 < kijun-sen on bar #0 andtenkan-sen on bar #0 >= kijun-sen on bar #0 andclose of bar #0 > senkou span b on bar #0 the following rule is applied for opening sell positions (the difference from the buy rule is marked with color):tenkan-sen on bar #1 > kijun-sen on bar #0 andtenkan-sen on bar #0 <= kijun-sen on bar #0 andclose of bar #0 < senkou span b on bar #0.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: exp ichimoku osc - another powerful expert for MetaTrader 5 traders.
buy position opening rule:
tenkan-sen on bar #1 < kijun-sen on bar #0
and
tenkan-sen on bar #0 >= kijun-sen on bar #0
Also recommended: exp 2 xm a ichimoku oscillator - similar expert with strong performance on MetaTrader 5.
andclose of bar #0 > senkou span b on bar #0
the following rule is applied for opening sell positions (the difference from the buy rule is marked with color):
tenkan-sen on bar #1 > kijun-sen on bar #0
and
tenkan-sen on bar #0 <= kijun-sen on bar #0
and
close of bar #0 < senkou span b on bar #0.
test on eurusd,d1:
input parameters
lots
- position volume;
stop loss buy
(in pips) - stop loss of a buy position;
take profit buy
(in pips) - take profit of a buy position;
stop loss sell
(in pips) - stop loss of a sell position;
take profit sell
(in pips) - take profit of a sell position;
trailing stop buy
(in pips) - trailing stop of a buy position;
trailing stop sel
l (in pips) - trailing stop of a sell position;
use trade hours
- enable/disable the time filter;
start hour
- operation start hour;
end hour
- operation end hour;
ichimoku: period of tenkan-sen
;
ichimoku: period of kijun-sen
;
ichimoku: period of senkou span b
;
magic number
- expert advisor's unique identifier.
You may also like: exp wajdyss ichimoku candle mm rec - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.