If you're looking to up your trading game, the Ichimoku EA is a solid choice. This expert advisor leverages both the Ichimoku and Parabolic indicators to navigate major forex pairs and NASDAQ stocks. It’s versatile enough to work across all time frames and comes packed with features like a Trailing Stop Loss and Take Profit.
Getting Started with Ichimoku EA
- Start by testing it on a demo account first—it’s always better to play it safe!
- This EA operates strictly on the open candle price, ensuring you’re making trades based on solid data.
- If you prefer not to increase your lot size after a losing trade, simply set the IncreaseFactor to 0.
Here are some key inputs to consider when setting up your Ichimoku EA:
- Use_TP_In_Money: Enable Take Profit in money (true/false).
- TP_In_Money: Set your Take Profit in money (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in percent (true/false).
- TP_In_Percent: Set your Take Profit in percent (values: 10-100).
- Enable_Trailing: Activate trailing stop with money (true/false).
- Exit: Close trades if the trend turns against you (true/false).
- Lots: Lot size (values: 0.01-1).
- Stop_Loss: Set your Stop Loss (values: 30-500).
- MagicNumber: Unique identifier for your trades (values: 1-100000).
- FastMA: Fast Moving Average (values: 1-20).
- SlowMA: Slow Moving Average (values: 50-200).
- Mom_Sell: Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Momentum Buy trigger (values: 0.1-0.9).
- Max_Trades: Set the maximum number of trades (1-12).
- TrailingStop: Activate trailing stop loss and take profit by setting a value from 40 to 100; a value of 0 will deactivate it.
- Enable "Break Even": Set this to true/false to manage your trades effectively.
It’s a good practice to optimize your EA every few months using the same inputs mentioned above. Whether you want to use it as a hedging grid EA or a single trade EA, it can adapt to your trading style.
For backtesting, check out this helpful guide.
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