Ichimoku Source code EA V1 MQ4: An Overview

The Ichimoku Source code EA V1 MQ4 is an automated trading system designed for the MetaTrader 4 (MT4) platform. It leverages the Ichimoku Kinko Hyo indicator to identify trend-following opportunities in the forex market. Let’s dive into the specifics:

Key Details

• Minimum Deposit: The recommended minimum deposit to run this EA effectively is $200 or more.
• Timeframe: The EA operates on the H1 (1-hour) timeframe.
• Currency Pairs: It primarily focuses on XAUUSD (Gold/USD) but can also be used with other currency pairs.

Strategy Description

The Ichimoku Kinko Hyo strategy combines several technical indicators to assess market trends, support, and resistance levels. Here’s how the EA takes trades:

1. Ichimoku Components:
   • Tenkan-sen (Conversion Line): A moving average of the highest high and lowest low over the past 9 periods.
   • Kijun-sen (Base Line): A moving average of the highest high and lowest low over the past 26 periods.
   • Senkou Span A (Leading Span A): The average of the Tenkan-sen and Kijun-sen, projected 26 periods ahead.
   • Senkou Span B (Leading Span B): The average of the highest high and lowest low over the past 52 periods, projected 26 periods ahead.
   • Chikou Span (Lagging Span): The closing price shifted 26 periods back.
2. Trading Signals:
   • Bullish Signal: When the Tenkan-sen crosses above the Kijun-sen, and Senkou Span A is above Senkou Span B.
   • Bearish Signal: When the Tenkan-sen crosses below the Kijun-sen, and Senkou Span A is below Senkou Span B.
3. Position Management:
   • The EA opens buy (long) positions on bullish signals and sell (short) positions on bearish signals.
   • Trailing stop is applied to protect profits as the trade progresses.
   • Stop loss and take profit levels can be adjusted based on user preferences.

EA Characteristics

• Type: Trend-following scalper.
• Risk Management:
  • Fixed lot size (minimum 0.01 lots).
  • Risk percentage (adjustable).
  • Martingale: No.
  • Hedging: No.
• Additional Features:
  • Dynamic trailing stop.
  • Turbo mode for faster execution.
  • Maximum spread control.

Download and Contact

• You can download the Ichimoku Source code EA V1 MQ4 from our website: FXCracked.
• Join our Telegram channel for updates and discussions: YoForexRobot Telegram.
• For inquiries, contact our admin: @fxcrackedadmin.

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