About the Ichimoku Kinko Hyo Expert Advisor
The Ichimoku Kinko Hyo System Metatrader 4 Forex Robot is an algorithmic trader that is based wholly on the popular Ichimoku Kinko Hyo trading system.
The EA utilizes a unique set of logic that takes advantage of the Chinkou Span intersection with the price bars to open positions.
In doing so, a long position is initiated when there’s an upward cross, while a short position is triggered when the intersection is downwards.
The Forex robot signals a long position when the price moves above the Kumo, the Chikou Span remains above the Kumo, and the Kumo’s width in pips exceeds the minimum Kumo size specified by the user.
For short positions, the reverse logic is applied.
Free Download
Download the “Ichimoku-Chinkou-Hyo_System_1.mq4” MT4 robot
Key Features
Ichimoku + Parabolic Logic
Trade signals are generated using the Ichimoku cloud structure combined with a Parabolic overlay, designed to confirm trend direction and momentum.
Multi-Timeframe Support
The EA runs on all MT4 timeframes—from M1 up to Monthly—providing flexibility depending on your trading approach, whether you’re scalping or swing trading.
Wide Pair Compatibility
It works across major forex pairs like EUR/USD, GBP/USD, USD/JPY, USD/CAD, and others, as well as on selected equities and CFD instruments supported by your broker.
Break-Even Utility
The EA offers a built-in mechanism to move trades to break-even once they hit a user-defined threshold, protecting profits automatically.
Custom Inputs
Beginners and advanced users alike can adjust key parameters—Ichimoku and Parabolic settings, lot size, risk limits, trailing stop, and more—without coding.
Strategy Tester Report
Find below the Ichimoku Kinko Hyo System forex robot strategy tester report for the USD/JPY forex pair on the 1-Hour chart.
Overall Performance
The EA made a total profit of $2761.00 from a total of 22 trades.
The largest winning trade generated $976.82 in profits, while the largest losing trade generated a loss of $134.92.
Statistics:
Bars in test: 1576 ticks modelled
Initial deposit: $5000.00
Total net profit: $2761.00
Total trades: 22
Largest profit trade: $976.82
Largest loss trade: -$134.92
Consecutive wins: 3
Consecutive losses: 1
How the EA Works
- Monitors the Ichimoku cloud position relative to the price to determine trend direction.
- Uses the Parabolic indicator to refine entry timing within trends.
- Opens trades only when both signals align—Ichimoku trend and Parabolic confirmation.
- Manages open positions with stop loss, take profit, and optional break-even rules.
- Allows configuration of trade size, risk thresholds, and trailing behavior per user input.
Download Now
Download the “Ichimoku-Chinkou-Hyo_System_1.ex4” Metatrader 4 robot
Parameters & Settings
- Ichimoku Periods (Tenkan, Kijun, Senkou span settings)
- Parabolic Step and Maximum values
- Enable the Break-Even feature and pip threshold
- Lot Size or Risk-Based sizing
- Stop Loss and Take Profit levels
- Trailing Stop options
- Maximum risk percentage and lot decrement settings
Recommended Trading Setup
- Select liquid pairs such as EUR/USD, GBP/USD, or USD/JPY.
- Use H4 or D1 timeframes to capture clearer trend alignment.
- Start with a demo account; analyze how default inputs perform in your broker environment.
- Limit per-trade risk to around 1% of account balance for safer exposure.
- Consider using a VPS to run the EA uninterrupted, especially for longer-term timeframes.
FAQ
Can it trade on any timeframe?
Yes, from 1 minute to monthly charts, though longer timeframes generally yield more reliable trend signals.
Does it work on other instruments besides forex?
It can operate on any chart where your broker allows MT4 trading, including stocks and CFDs.
How does the break-even feature work?
Once a trade gains a specified number of pips, the EA moves the stop loss to break-even to lock in profits automatically.
Is coding knowledge required to use this EA?
No coding is needed. All settings are adjustable directly through the EA’s inputs tab.
Is this suitable for automated live trading?
Yes—once you’ve validated its performance on a demo account and optimized risk settings, it’s ready for live deployment.
Summary
The Ichimoku Kinko Hyo System EA brings automation to Ichimoku cloud and Parabolic-based strategies.
With simple setup, customizable inputs, trend-confirmation logic, and break-even protection, it’s a flexible tool for both new and advanced MT4 users.
Download it for free, test on a demo account, and consider using it as a core component of your automated trend-following setup.
