Introduction
The Ichimoku Multi-Currency EA leverages the powerful Ichimoku Kinko Hyo indicator for comprehensive market analysis, enabling precise entry and exit points. This multi-currency EA allows trading across multiple pairs and includes advanced features like moving average filters, grid recovery, hedging, martingale strategies, and dynamic position sizing. With its flexibility, it adapts seamlessly to diverse market conditions.
You can download the product from here Ichimoku Multi Currency EA MT5
Features Overview
Multi-Currency Trading
- Monitor and trade multiple currency pairs simultaneously.
- Example: EURUSD, GBPUSD, USDCHF .
Ichimoku Strategy
- Uses key components of the Ichimoku Kinko Hyo indicator: Tenkan-sen, Kijun-sen, Senkou Span, and Chikou Span.
- Entry Strategies: Choose from various Ichimoku-based entry rules, such as Kijun Cross, Kumo Breakout, and Tenkan-Kijun Cross.
- Exit Strategies: Multiple exit options or disable automatic exits for manual trade management.
- You can find the detailed description for the different strategies here
Group Stop-Loss and Take-Profit
- Automatically closes all trades if the combined profit or loss across all pairs meets predefined thresholds.
Recovery Strategies
- Grid Recovery: Adds trades in a grid pattern to recover losses.
- Hedge Strategy: Opens counter trades to manage risk.
- Martingale Strategy: Increases trade size progressively to recover losses.
Flexible Filters
- Day Filter: Enable or disable trading on specific weekdays.
- Time Filter: Define active trading hours to align with market conditions.
Position Sizing
- Dynamically calculate lot sizes based on risk or fixed lot settings.
Alerts and Notifications
- Receive notifications for critical trading events via platform alerts or email.
Input Parameters
Core Indicator Settings
- Ichimoku Timeframe:
Selects the timeframe for Ichimoku calculations.
Default: PERIOD_CURRENT . - Tenkan-sen Period:
Sets the period for the Tenkan-sen line.
Default: 9 . - Kijun-sen Period:
Sets the period for the Kijun-sen line.
Default: 26 . - Senkou Span B Period:
Sets the period for the Senkou Span B line.
Default: 52 .
Multi-Currency Settings
- Pairs:
A comma-separated list of currency pairs to monitor and trade.
Example: EURUSD, GBPUSD, USDCHF .
Group Stop-Loss/Take-Profit Settings
- Group Stop-Loss (in Currency):
Close all trades if the combined loss across all pairs reaches this value.
Default: -100.0 . - Group Take-Profit (in Currency):
Close all trades if the combined profit across all pairs reaches this value.
Default: 100.0 .
Entry Strategies
- Kijun Cross Strategy:
Buys when the price crosses above the Kijun-sen; sells when it crosses below. - Kumo Breakout Strategy:
Buys when the price breaks above the Kumo cloud; sells when it breaks below. - Chikou Span Confirmation Strategy:
Buys when the Chikou Span confirms bullish momentum; sells when it confirms bearish momentum. - Tenkan-Kijun Cross Strategy:
Buys when the Tenkan-sen crosses above the Kijun-sen; sells when it crosses below. - Kumo Twist Strategy:
Buys when a bullish Kumo twist occurs; sells when a bearish Kumo twist occurs.
Exit Strategies
- Kijun Cross Strategy:
Buys exit when the price crosses below the Kijun-sen; sells exit when it crosses above. - Kumo Breakout Strategy:
Buys exit when the price breaks below the Kumo cloud; sells exit when it breaks above. - Chikou Span Confirmation Strategy:
Buys exit when the Chikou Span confirms bearish momentum; sells exit when it confirms bullish momentum. - Tenkan-Kijun Cross Strategy:
Buys exit when the Tenkan-sen crosses below the Kijun-sen; sells exit when it crosses above. - Kumo Twist Strategy:
Buys exit when a bearish Kumo twist occurs; sells exit when a bullish Kumo twist occurs. - Disable Exit Strategy:
Disables automatic exits.
Additional Features
Refer to the EA’s settings for configurations related to:
- Grid Recovery
- Hedge Strategy
- Martingale Strategy
- Day and Time Filters
- Position Sizing
- Alerts and Notifications
How It Works
- The EA evaluates Ichimoku values on each specified currency pair.
- Trades are executed based on the selected Ichimoku entry strategy.
- Trades can be managed with optional exit strategies or left open for manual closure.
- All trades are monitored for cumulative profit or loss. If thresholds for the Group Stop-Loss or Group Take-Profit are reached, all trades are closed.
- Recovery strategies (Grid, Hedge, Martingale) are applied as specified in the input settings.