The Ichimoku Retracement Metatrader 4 Forex Robot triggers automated buy/sell alerts when there is a retracement found in the Ichimoku levels.
The forex robot is a Moving Average based expert advisor for MT4.
It has a designed logic that scans the market for trend, in line with two Moving Averages and the distance between them is deployed in gauging volatility.
This expert advisor works only with the open price of every bar.
The Ichimoku Retracement expert advisor works on all time frames and for any currency pair.
It is possible to work with or without trailing stop & take profit.
Feel free to experiment with its input settings.
Strategy Tester Report
Find below the Ichimoku Retracement forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $2491.41 from a total of 109 trades. The largest winning trade generated $205.80 in profits, while the largest losing trade generated a loss of-$66.44.
Bars in test: 2048 ticks modelled
Initial deposit: $10000.00
Total net profit: $2491.41
Total trades: 109
Largest profit trade: $205.80
Largest loss trade: -$66.44
Consecutive wins: 3
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Distance, Momentum_Sell, Momentum_Buy…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the ICHMOKU RETRACEMENT.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)