CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Experts

Ichimoku Kinko Hyo System - expert for MetaTrader 4

Earnforex
Published by:
Mick Prater
Views:
89503
Rating:
(49)
Published:
2016.12.12 16:22
Download as ZIP, How to download code from MetaEditor
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

This EA is based entirely on the Ichimoku Kinko Hyo system. Trades are opened when the chinkou span crosses the price action, cross up for long, cross down for short. Long trades must be confirmed by: price action above kumo, chinkou span above kumo and the overall kumo size in pips must be greater than the user input kumo size threshold. For shorts it is the opposite. Orders are closed by one of three ways. There is a hard stop loss, input in the settings as a percentage risk of account balance, e.g. .02 for 2% risk. The order will also close if the price action closes opposite the kijun-sen, or the chinkou span crosses the price action again. If MM is set to true, it uses ATR based position sizing.

Best pairs are JPY pairs, mainly USDJPY. It shows promise on Gold too, but you have to change the kumo variable to *100 instead of the current *1000 in the source code.

November optimized settings for December trading: USDJPY H1, kumo threshold: 120, failsafe:0, orderstoplossrisk: .02, MM true, ATR Multiplier 2, Risk: 2

Take it with a grain of Ichi salt.

MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4

MetaCOT 2 CFTC ToolBox Indicators is a set of MetaCOT 2 indicators which provides access to data from CFTC reports. MetaCOT 2 supports COT reports, Disaggregated COT, TFF and CIT. All indicators are available in source code and can be used to build your trading system.

Holt's double exponential smoothing trend Holt's double exponential smoothing trend

Holt's double exponential smoothing - the trend component (mt4 version).

Custom Moving Average Indicator Custom Moving Average Indicator

Code based on MetaTrader 4 Moving Average indicator.

Binary Options Strategy Library Binary Options Strategy Library

Build Binary Options strategies to test in the Strategy Tester of MetaTrader 4 with Binary Options Strategy Tester utility from marketplace.