Ichimoku5
Ichimoku5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages and Ichimoku. It moves the stop behind price and can size trades from your risk. It has 17 settings, for example l Stop Loss (default 37), s Stop Loss (default 35) and l Take Profit (default 80). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. 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 Ichimoku5
Ichimoku5 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Ichimoku. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 17 settings, such as L stop loss, S stop loss and L take profit. MQL source code included.
Files in the download: Ichimoku5.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 |
|---|---|---|
| L stop loss | 37 | Stop loss distance |
| S stop loss | 35 | Stop loss distance |
| L take profit | 80 | Take profit distance |
| S take profit | 75 | Take profit distance |
| L trailing stop | 20 | Trailing stop distance or switch |
| S trailing stop | 20 | Trailing stop distance or switch |
| Cl open buy | Blue | |
| Cl close buy | Aqua | |
| Cl open sell | Red | |
| Cl close sell | Violet | |
| Cl modi buy | Blue | |
| Cl modi sell | Red | |
| Name expert | Ichimoku | |
| Slippage | 4 | Maximum slippage allowed when opening a trade |
| Use sound | True | Turn this alert on or off |
| Name file sound | alert.wav | Turn this alert on or off |
| Lots | 1.00 | Trade size in lots |
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 · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · MT4 Expert Advisor · MQL4 Source Code