Ichimoku Chikou Cross
Ichimoku Chikou Cross — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around the Ichimoku Kinko Hyo cloud. Its source code uses ATR and Ichimoku. It raises the lot size after losses (martingale — high risk) and can size trades from your risk. It has 16 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: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. 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 Ichimoku Chikou Cross
Ichimoku Chikou Cross is an expert advisor (trading robot) for MetaTrader 4 based on ATR and Ichimoku. It increases the lot size after a losing trade (martingale) and can size trades from your balance and risk percent. It has 16 settings, such as Tenkan, Kijun and Senkou. MQL source code included.
Files in the download: Ichimoku-Chikou-Cross.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 | Tenkan line period. The fast "moving average". |
| Kijun | 26 | Kijun line period. The slow "moving average". |
| Senkou | 52 | Senkou period. Used for Kumo (Cloud) spans. |
| Lots | 0.1 | Basic lot size |
| MM | false | If true - ATR-based position sizing |
| Atr period | 20 | Period or timeframe used by the calculation |
| Atr multiplier | 1 | How much the lot size grows after a loss |
| Risk | 2 | Risk tolerance in percentage points |
| Fixed balance | 0 | If greater than 0, position size calculator will use it instead of actual account balance. |
| Money risk | 0 | Risk tolerance in base currency |
| Use money instead of percentage | false | |
| Use equity instead of balance | false | |
| Lot digits | 2 | How many digits after dot supported in lot size. For example, 2 for 0.01, 1 for 0.1, 3 for 0.001, et |
| Order commentary | Ichimoku-Chikou-Cross | Comment written on the orders |
| Slippage | 100 | Tolerated slippage in brokers' pips |
| Magic | 2130512104 | Order magic number |
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 · Risk & Lot Size · ATR · MT4 Expert Advisor · MQL4 Source Code