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ICHIMOKU EA MT4 – Full Input Settings Analysis
Ichimoku EA is a MetaTrader 4 (MT4) expert platform Advisor (EA). It automatically generates trading signals and executes trades based on user-defined parameters. It makes use of entry and exit techniques with Ichimoku Cloud, Tenkan-sen, Kijun-sen, and Chikou Span indicators. It also has money management parameters that are customizable and can be used with any MT4 forex broker.
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Capital Management & Trading Orders
- Magic: 1234 – EA unique identifier for trade identification.
- Money Management: “Money Management” – Set of parameters for money and risk management.
- Lots1 to Lots3: 0.1, 0.2, 0.3 – Default lot values for different levels or scenarios.
- Lot Optimized (lotoptimized): false – Lot sizing is not automatically optimized by account balance.
- Risk1 to Risk3: 1.0, 2.0, 3.0 – Risk value of the lot levels (if lot optimization is enabled).
- Martingale: off – Martingale strategy disabled.
- Multiplier: 2.0 – Lot multiplier in the event Martingale used.
- Min Lot: 0.01 – Minimum volume of lot.
- Max Lot: 10.0 – Maximum volume of lot.
- Badigit: 2.0 – Perhaps minimum price tick before opening subsequent trade.
- Profit Target (profit): 10.0 – Take profit, in pips or currency.
- Stop Loss (loss): 30.0 – Stop loss, in pips or currency.
- Max Spread: 20.0 – Opening trades only when the spread is below 20 points.
- Maximum Slippage: 5. – Slippage of up to 5 pips is allowed.
- Maximum Trades: 100. – Limits the number of trades opened simultaneously to 100.
Trading Strategy & Order Logic
- Order Management:
- Group: “Order Management” – Defines the way active trades are managed.
- Opposites Close: Enabled – Closes opposite positions automatically when a new signal is detected.
- Reverse Signals: Disabled – The EA does not react to reverse signals.
- Trades per Candle: 1 – Limits entries to a maximum of one trade per bar.
- Entry Logic:
- Group: “Entry Logica” – Contains rules defining entry conditions.
- Tenkan-sen: 9 – Short-term trend line period (Ichimoku component).
- Kijun-sen: 26 – Mid-term trend line interval.
- Senkou Span B: 52 – Long-term trend line interval.
- Signal Shift: 1 – Entry signal confirmation is delayed by 1 candle.
- Target-Based Exits and Risk Management:
- Target-Based Exits (buytarget, selltarget, buytargetatt, etc.): Disabled – Individual target-based profit functionalities are disabled.
- Trailing Stop: Not in use – Trailing start, stop, and step are all 0.
- Breakeven: Not active – No breakeven configurations are used.
Time and trading conditions filters
- Time Filter: Disabled – The time filter is turned off, and the trading is not restricted by time unless enabled manually.
GMT Shift: 2 – The EA is set at GMT+2 timezone offset. - Trading Hours via date range (Start → End): 7 → 21 – Daily trading window between 07:00 and 21:00 (if time filter is enabled).
- Sunday trade: Allowed – The EA is permitted to open trades on Sundays.
- Friday Filter: Disabled – No restriction on trading on Fridays.
- Friday End Time: 24 – If the Friday filter is active, the EA will conclude trading at 24:00 on Friday.