The Ichimoku Chikou Cross robot is an expert advisor for MetaTrader 4 that trades with the Japanese Ichimoku Kinko Hyo indicator. It uses the cross of the Chikou line with price, together with the position relative to the Kumo cloud, to make filtered, higher quality decisions. It also includes ATR based risk management.
How it works
The robot buys when the Chikou line crosses the closing price from below and sells when it crosses from above. As confirmation, it requires that price and the Chikou are on the same side of the Kumo cloud, which reduces false signals. It closes all trades when the opposite signal appears.
Configurable parameters
- Tenkan, Kijun and Senkou: the periods that define the Ichimoku lines (default 9, 26 and 52).
- Lots: fixed position size when ATR management is disabled.
- MM, ATR Period and ATR Multiplier: enable and adjust the position size according to volatility.
- Risk: percentage of the balance risked per trade. Slippage and Magic complete the setup.
Recommended requirements
- MetaTrader 4 and a stable broker with good execution.
- Ideal for medium and high timeframes where Ichimoku works best.
File contents: .mq4 source code ready to compile in MetaEditor. We recommend validating the parameters on DEMO before trading live.
View the original robot documentation on EarnForex (Apache-2.0 license)
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