INFORMATION

 

This EA uses the built-in Ichimoku indicator of your MT4 platform. Ichimoku EA v1.0 use 3 different Ichimoku strategies (you can read this tutorial to learn about Ichimoku trading):

1. Tenkan Sen/Kijun Sen Cross
2. Kijun Sen Cross
3. Kumo Breakout

Ichimoku EA performs better on USDJPY pair and H1 time frame.

 

METATRADER DOWNLOADS

 

Latest update: September 22, 2011

Latest version: v1.3

MT4 Expert Advisor: download

 

INSTALLATION

 

1. Shutdown your Metatrader platform

2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)

 

SETTINGS MANUAL

 

user_tp: money management system takes this and minimum_lots to calculate "take profit" in dollars

user_sl: money management system takes this and minimum_lots to calculate "stop loss" in dollars

use_tp_sl: 1 to close orders using user_tp and user_sl, 0 to close orders when indicator have a opposite signal.

profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.

strategy1: Tenkan Sen/Kijun Sen Cross. 0 disabled, 1 enabled.

strategy2: Kijun Sen Cross. 0 disabled, 1 enabled.

strategy3: Kumo Breakout. 0 disabled, 1 enabled.

signal_strength: 1 only strong signals, 2 strong and neutral signals, 3 strong, neutral and weak signals

money_management: 1 money management enabled, 0 money management disabled (the EA will trade the amount of lots specified in min_lots).

min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.

risk: percentage from free margin used in a single order if money_management is set to 1 and progression is set to 0.

progression: 0 no progression, 1 D'Alembert , 2: Martingale

 

BACKTESTS

 

You can see results from 3 different backtests below. We use same pair, same time frame, same period but different money management configuration.

• Backtest 1: use_tp_sl=1, money_management=1, progression=0, min_lots=0.1, risk=1
• Backtest 2: use_tp_sl=1, money_management=1, progression=1, min_lots=0.1
• Backtest 3: use_tp_sl=1, money_management=1, progression=2, min_lots=0.1, risk=1

BACKTEST 1

 

Test period: January 1, 2010 - March 10, 2011

Pair: USDJPY

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 2

 

Test period: January 1, 2010 - March 10, 2011

Pair: USDJPY

Time frame: H1

Set file: download

Detailed report: view

 

BACKTEST 3

 

Test period: January 1, 2010 - March 10, 2011

Pair: USDJPY

Time frame: H1

Set file: download

Detailed report: view