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