Ichimoku Metatrader 4 Forex Robot

The Ichimoku Metatrader 4 Forex Robot is an expert advisor that is built on the “Ichimoku” and “Parabolic” indicators in a manner that allows it trigger buy and sell trade positions on autopilot.

The Ichimoku forex trading robot works on all time frames and currency trading pairs like the GBP/USD, EUR/USD, USD/JPY, USD/CAD, etc. as well as on stocks listed on NASDAQ.

This robot is built around the idea of gauging support and resistance and using that information to determine the momentum and trend direction for any forex pair.

It is wise to toy around with the input values found on the Ichimoku expert advisor for a tailored experience.

This EA has a 3.15 profit factor and win versus loss is outstanding (see strategy report).

One of the critical system function that is found on the Ichimoku robot includes the “USEMOVETOBREAKEVEN” that works like a stop loss.

More so, this EA trades only with the price of open candles.

Free Download

Download the “Ichimoku.mq4” MT4 robot

Strategy Tester Report

Find below the Ichimoku forex robot strategy tester report for the EUR/USD forex pair on the 4 hourly chart.

Overall Performance

The EA made a total profit of $2132.07 from a total of 79 trades. The largest winning trade generated $205.29 in profits, while the largest losing trade generated a loss of-$141.80.

Statistics:

Bars in test: 10183 ticks modelled

Initial deposit: $50000.00

Total net profit: $2132.07

Total trades: 79

Largest profit trade: $205.29

Largest loss trade: -$141.80

Consecutive wins: 9

Consecutive losses: 1

Download

Download the “Ichimoku.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss…

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Ichimoku

Installation

Copy and paste the Ichimoku.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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