FX Ichimoku
FX Ichimoku is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the Ichimoku Kinko Hyo cloud. Its source code uses RSI, ATR and Ichimoku. It raises the lot size after losses (martingale — high risk), moves the stop behind price and handles several symbols. It has 23 settings, for example Tenkan (default 9), Kijun (default 26) and Senkou (default 52). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 12 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About FX Ichimoku
FX Ichimoku is an expert advisor (trading robot) for MetaTrader 4 based on RSI, ATR and Ichimoku. It increases the lot size after a losing trade (martingale), moves the stop loss behind price (trailing stop / break-even) and works on several symbols at once. It has 23 settings, such as Tenkan, Kijun and Senkou. MQL source code included.
Files in the download: IchiTrader-KPriceCross.ex4, IchiTrader-KPriceCross.mq4, IchiTrader-KTCross.ex4, IchiTrader-KTCross.mq4, IchiTrader-KumoBreakout.ex4, IchiTrader-KumoBreakout.mq4, KPriceCross.ex4, KPriceCross.mq4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Tenkan | 9 | |
| Kijun | 26 | |
| Senkou | 52 | |
| Use entry alerts | TRUE | Turn this alert on or off |
| Use exit alerts | TRUE | Turn this alert on or off |
| Rsi length | 9 | |
| Rsi change val | 20 | |
| Str basic | -- Basic Ichimoku Parameters -- | |
| Str alerts | -- Entry and Exit Alert parameters | Turn this alert on or off |
| Str rsi | -- Releative Strength Indicator Paramet | |
| Lots | 0.1 | Trade size in lots |
| Change in rsi | 18.0 | |
| Str stops | -- Stop and Profit Parameters -- | |
| Sell stop | 75 | |
| Buy stop | 75 | |
| Profit target | 100 | |
| Trailing stop | 50 | Trailing stop distance or switch |
| Str atr | -- Average True Range Parameters -- | |
| Use ave true range | FALSE | |
| Profit target multiplier | 4.5 | How much the lot size grows after a loss |
| Stop loss multiplier | 2.5 | Stop loss distance |
| Average true range length | 7 | |
| Expert id | 888888 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Ichimoku · Martingale · Trailing Stop & Break-even · Multi-Currency · RSI · ATR · MT4 Indicator · MQL4 Source Code