Ichimoku BUY opening rule

Ichimoku – EA MetaTrader 5

by

The author of the idea: artem1985, the mq5 code author: barabashkakvn.

BUY position opening rule:

Tenkan-sen on bar #1 < Kijun-sen on bar #0 AND
Tenkan-sen on bar #0 >= Kijun-sen on bar #0 AND
Close of bar #0 > Senkou Span B on bar #0

Ichimoku BUY opening rule

The following rule is applied for opening SELL positions (the difference from the BUY rule is marked with color):

Tenkan-sen on bar #1 > Kijun-sen on bar #0 AND
Tenkan-sen on bar #0 <= Kijun-sen on bar #0 AND
Close of bar #0 < Senkou Span B on bar #0.

Test on EURUSD,D1:

Ichimoku D1

Input Parameters

  • Lots – position volume;
  • Stop Loss BUY (in pips) – stop loss of a BUY position;
  • Take Profit BUY (in pips) – take profit of a BUY position;
  • Stop Loss SELL (in pips) – stop loss of a SELL position;
  • Take Profit SELL (in pips) – take profit of a SELL position;
  • Trailing Stop BUY (in pips) – trailing stop of a BUY position;
  • Trailing Stop SELL (in pips) – trailing stop of a SELL position;
  • Use trade hours – enable/disable the time filter;
  • Start hour – operation start hour;
  • End hour – operation end hour;
  • Ichimoku: period of Tenkan-sen;
  • Ichimoku: period of Kijun-sen;
  • Ichimoku: period of Senkou Span B;
  • magic number – Expert Advisor’s unique identifier.
Alternative:   Limit channels - with states - indicator MetaTrader 5


Ichimoku – expert for MetaTrader 5
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