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 algorithm confirms a long position when price trades above the Kumo, while the Chinkou Span stays above Kumo and the general Kumo size in pips must stay greater than the user input Kumo size limit.
For short positions, the reverse logic is applied.
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.
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.
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
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: kumo Threshold, failSafe, failSafeCloserMultiplier, orderStopLossRisk, Lots, MM, ATR_Period, ATR_Multiplier, Risk, FixedBalance, MoneyRisk, UseMoneyInsteadOfPercentage, UseEquityInsteadOfBalance, LotDigits, Slippage
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Ichimoku-Chinkou-Hyo_System_1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)