AW Ichimoku EA MT5
- Experts
- AW Trading Software Limited
- Version: 1.10
- Updated: 18 March 2023
- Activations: 15
AW Ichimoku EA trades using the signals of the Ichimoku Kinko Hyo indicator. Fully automated trading robot has flexible configuration and many scenarios of work. Many useful functions are built into the product: automatic lot calculation, virtual take profit, as well as the ability to close the first and last orders in the basket
Advantages- Simple, intuitive setup
- Possibilities to use the averaging strategy
- Overlapping the first order by the last
- Automatic lot calculation
- Configurable indicator parameters
- Three types of notifications: push, email, alert
Strategies
The Expert Advisor can work according to three different strategies implemented after the indicator settings, in the "Signals" section:
-Senkou Signals - Shows the current price trend. If the price is higher than Kijun, then the trend is up. If the price is below Kijun - a downtrend. When the price crosses Kijun, the trend is not pronounced
-Tenkan Kijun is the fastest of the Ichimoku lines and shows with its slope the current trend (upward slope - uptrend, downward - downtrend, sideways - flat)
-Chinkou span Signals - trend support/resistance area. And also an additional trend indicator. The price is in the "cloud" - in the market. The price is outside the "cloud" - a trend, "cloud" above - a downtrend, and if below - then an upward
All types of signals - follow any indicator signal
Possibilities
-Two-way trade, or one-way trade:
Allow to open OP_SELL orders: sell on bearish signals and ignore bullish signals
Allow to open OP_BUY orders: buy bullish signals ignoring bearish signals
If you enable the possibility of opening OP_BUY and OP_SELL, then trading in both directions will be used
-Automatic setting of risk management:
Size of the first order: the EA will trade with a fixed volume
Enable Autolot calculation: the advisor will risk a certain percentage (specify the volume in the Autolot variable deposit per 0.01 lots)
-Overlap function:
Use overlap last and first orders: close the basket in parts, will allow closing earlier than for the whole basket
-Close by take profit:
Size of Virtual TakeProfit (In points): the virtual TakeProfit is used in points. Virtual TakeProfit is not visible to the broker
Input variables
MAIN SETTINGS
Size_of_the_first_order - Volume for opening the first order
Enable_Autolot_calculation - Use automatic lot calculation. Autolot allows you to save risk settings when changing the deposit
Autolot_deposit_per_0.01_lots - The amount of the deposit for every 0.01 when using an autolot
SIGNALS - Setting of indicator signals
Ind Strategy
Tenkan sen
Kijun sen
Senkou span b
GRIDS SETTINGS
Minimum_step_between_average_orders - A variable that regulates the step between orders, measured in points
Multiplier_for_average_orders - multiplier for orders. Each subsequent order in the order grid will be larger than the previous one by a given coefficient
TAKE PROFIT SETTINGS
Size_of_Virtual_TakeProfit_(In_points) - Size virtual Take Profit. It is calculated for the current group of orders from the breakeven price
Use_overlap_last_and_first_orders - Use the overlap of the first order by the last
Use_overlap_after_that_number_of_orders - Use overlap after the given number of open orders
PROTECTION SETTINGS
Maximum_slippage_in_points - The maximum allowable slippage in points for opening and closing orders
Maximum_spread_in_points - The maximum allowable spread for opening orders
Maximum_number_of_orders - The maximum allowed number of orders of the same type
Maximum_size_of_orders - The maximum volume for one order. Measured in lots
Maximum_1_order_per_candle - Open only one order per candle
ADVISOR SETTINGS
Orders_Magic_number - MagicNumber of orders advisor
Comments_of_the_EA's_orders - Comments for the EA's orders
Allow_to_open_OP_BUY_orders - Allow the advisor to open orders of the OP_BUY type
Allow_to_open_OP_SELL_orders - Allow the advisor to open orders of the OP_SELL type
Allow_to_open_new_orders_after_close - Allow to send new orders after all orders are closed
Show_panel_of_advisor - Ability to show or hide the advisor panel
Font_size_in_panel - Adjust the font size on the panel
NOTIFICATIONS SETTINGS
Send_push_notifications_when_closing_orders - notifications to the mobile version of the terminal, when orders are closed
Send_mails_when_closing_orders - Sending letters to an email address when closing orders
Send_alerts_when_closing_orders - Sending pop-up notifications on the terminal when orders are closed
I bought it to support the development, it is well, it should be possible to choose the signal filter that we seek according to the risk affinity, as filters and signals: intermediate trend, price in relation to the cloud, the direction of the cloud, the future direction of the cloud, price-tenkan cross, price-kijun cross, tenkan-kijun cross, tenkan-kijun cross with the cloud, chikouspan above the price, chikouspan above the cloud, chikouspan behind the cloud, chikouspan crosses the price, chikouspan crosses tenkan, chikouspan crosses kijun, chikouspan crosses the cloud. We should also be able to choose the confirmation indicator such as MACD, RSI, ADX and others, so that we can set up our own signals and strategy as we wish. I trade manually myself, using the filters and signals mentioned above with confirmation on the RSI, sometimes the trend reverses on the RSI with regular bullish and bearish divergences and hidden bullish and bearish divergences, which allows me to exit manually in the positive every time. if you could do that it would be great. the management of this robot is good. on cryptos, the robot uses management, we should be able to choose the maximum risk per trade, expressed in percent, well but gets carried away, we could have a reset function on the lot multiplier, it would be really appreciated, in order to limit the drawdown which can crash the account at any time. finally after having optimized the settings of the robot, we can do really beautiful things, we should be able to choose a real stop when the gains are racing, on the LTCUSD for example we go from $10,000 to more than $300,000 but we end in negative light because we cannot choose our real positive SL stop or real TP. it could have risen to several million thanks to the reset and the choice of a real TP or SL, instead of the virtual one. for my part I would like to be able to have a positive SL kijun and on the reference time unit that we want. it would also be good to be able to orient the direction of the trades according to 2 moving averages, to best exploit the trend and get the best from the golden cross or the death cross, I can be reached at any time by email contact@dibaccointernacional.com or by whatsapp +50761596504 if needed Thanks a lot. we can do better I'm sure.