ICHIMOKU cloud EA

MQL4 Experts

Specification

I need an EA based which can enter exit positions based on the Ichimoku cloud indicator. The EA can open close positions based on following parameters:

Cloud:

  • If a price is between Senkou Span A and Senkou Span В (inside the cloud), the market is considered non-trendous and the cloud edges form support and resistance levels.
  • If a price is above the cloud, the upper line makes up its first support level, the lower one - the second support level.
  • If a price is below the cloud, the lower line makes up its first resistance level, the upper one - the second resistance level.

Kijun:

  • Kijun-sen is used as a sign of market movement. If a price is higher than this line, prices are likely to continue rising. When the prices cross this line, the trend is more likely to change. Another variant of using Kijun-sen is generating signals. The signal to buy is generated, when the line Tenkan-sen crosses Kijun-sen bottom-upwards. Downwards - signal to sell.

Tenkan:

  • Tenkan-sen is used as an indicator of the market trend. If this line rises or falls, the trend exists. When it is horizontal, the market has entered a channel.

Chinkou Span:

  • Many sources refer to this line as the main line in the indicator. The signal to buy is generated, when the line Chinkou Span crosses the price bottom-upwards. Downwards - signal to sell.

The EA should be able to trade any currency pair. If anyone has a working EA with the said parameters you are more than welcome. 

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Project information

Budget
10 - 50 USD
For the developer
9 - 45 USD