Ishimoku
From the Old Kings archive: Ishimoku, an expert advisor (trading robot) for MetaTrader 4. In the code it works with Ichimoku. It can size trades from your risk. It has 12 settings, for example Stop Loss (default 30), Take Profit (default 60) and slippage (default 0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Ishimoku
Ishimoku is an expert advisor (trading robot) for MetaTrader 4 based on Ichimoku. It can size trades from your balance and risk percent. It has 12 settings, such as Stop loss, Take profit and Slippage. MQL source code included.
Files in the download: ichimoku_new.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 |
|---|---|---|
| Stop loss | 30 | Stop loss distance |
| Take profit | 60 | Take profit distance |
| Slippage | 0 | Maximum slippage allowed when opening a trade |
| Shift | 1 | Bar shift (0 = current bar) |
| Lots | 0.1 | Trade size in lots |
| Maximum risk | 10 | Risk per trade (percent of balance) |
| Mm | 0 | |
| Tenkan | 9 | |
| Kijun | 26 | |
| Senkou | 52 | |
| In cloud | true | |
| Out bars | 2 |
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: Risk & Lot Size · Ichimoku · MT4 Expert Advisor · MQL4 Source Code