About the Ichimoku Expert Advisor
The Ichimoku Metatrader 4 Forex Robot is an expert advisor that uses the Ichimoku and Parabolic indicators.
It can open buy and sell trades automatically.
The EA works on all timeframes and supports major currency pairs like GBP/USD, EUR/USD, USD/JPY, and USD/CAD.
It can also trade stocks listed on NASDAQ.
The robot analyzes support and resistance levels to determine momentum and trend direction for any instrument.
It is recommended to experiment with the input settings for a personalized trading experience.
This EA has a profit factor of 3.15, and the win-to-loss ratio is excellent, as shown in the strategy report.
A key feature is the “USEMOVETOBREAKEVEN” function, which acts like a stop loss to protect profits.
Additionally, the EA trades using only the open price of candles for precise entries.
Free Download
Download the “Ichimoku.mq4” MT4 robot
Key Features
Automated Trend Detection
The EA automatically identifies bullish and bearish trends using Ichimoku cloud signals, executing trades according to trend direction.
Dynamic Stop Loss and Take Profit
Automatically adjusts stop loss and take profit levels based on market volatility and Ichimoku levels to maximize gains and reduce losses.
Support and Resistance Recognition
Uses the Ichimoku cloud and Kijun-sen/tenkan-sen lines to detect key support and resistance levels for precise trade entries and exits.
Multi-Timeframe Compatibility
Works efficiently on multiple timeframes, including H1, H4, and D1, allowing flexible trading strategies for different market conditions.
Backtesting Friendly
Fully compatible with the MT4 Strategy Tester, enabling traders to optimize parameters and test performance on historical data.
Strategy Tester Report
Find below the Ichimoku forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Key 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
How the EA Works
- Monitors Ichimoku cloud and lines to detect trend direction.
- Opens buy or sell trades according to cloud signals and price position.
- Adjusts stop loss dynamically as the market moves.
- Closes trades when trend reversals or take profit conditions are met.
- Manages multiple trades with unique Magic Numbers to avoid conflicts.
Download Now
Download the “Ichimoku.ex4” Metatrader 4 robot
Parameters & Settings
- Tenkan-Sen Period — period for the Tenkan line.
- Kijun-Sen Period — period for the Kijun line.
- StopLoss Pips — distance of stop loss from entry.
- TakeProfit Pips — target profit per trade.
- Magic Number — unique identifier for trades.
- Lot Size — trade volume per position.
- Risk Percentage — percentage of account balance risked per trade.
- Trailing Stop — enable or disable trailing stop.
- Use Cloud Breakout — whether to use cloud breakout signals.
Recommended Trading Setup
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY.
- Timeframes: H1, H4.
- Broker: ECN or low-spread brokers for best performance.
- Account Type: Standard or ECN.
- Risk Management: 1–2% per trade for stability.
FAQ
Can the EA be used on Stocks as well as Forex?
Yes, the Ichimoku EA can trade both forex pairs and NASDAQ-listed stocks using the same automated strategy.
Does it require additional indicators to function?
No, the EA works independently using Ichimoku and Parabolic signals without any extra indicators.
How does the EA handle volatile market conditions?
The EA adjusts stop loss and uses the “USEMOVETOBREAKEVEN” feature to protect profits during high volatility.
Is it suitable for both demo and live accounts?
Yes, beginners should start on a demo account, while experienced traders can use it on live accounts with proper risk settings.
Can I customize the trading parameters for my strategy?
Absolutely. You can adjust lot sizes, stop loss, take profit, and cloud breakout settings to fit your trading style and account size.
Summary
The Ichimoku EA MT4 Forex Robot automates trend-following trades using the Ichimoku indicator.
It identifies key support, resistance, and trend directions while managing risk automatically.
Traders can capture extended trends, lock in profits, and reduce losses with dynamic stop loss and take profit features.
Download the free EA, test it on a demo account, and implement it in your Ichimoku trading strategy for automated, precise trading.
