Mastering Ichimoku: Your Guide to Using This Powerful Indicator in MetaTrader 5

Mike 2018.04.19 02:07 37 0 0
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Idea Creator: artem1985, Code Developer: barabashkakvn.

Opening a BUY Position:

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

Ichimoku BUY opening rule

Opening a SELL Position: The process is slightly different (highlighted in yellow):

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

Test Results on EUR/USD, Daily Chart:

Ichimoku D1

Input Parameters

  • Lots: Volume of the position;
  • Stop Loss BUY: (in pips) Stop loss for BUY positions;
  • Take Profit BUY: (in pips) Take profit for BUY positions;
  • Stop Loss SELL: (in pips) Stop loss for SELL positions;
  • Take Profit SELL: (in pips) Take profit for SELL positions;
  • Trailing Stop BUY: (in pips) Trailing stop for BUY positions;
  • Trailing Stop SELL: (in pips) Trailing stop for SELL positions;
  • Use Trade Hours: Enable/disable time filter;
  • Start Hour: Hour to begin trading;
  • End Hour: Hour to stop trading;
  • Ichimoku: Period of Tenkan-sen;
  • Ichimoku: Period of Kijun-sen;
  • Ichimoku: Period of Senkou Span B;
  • Magic Number: Unique identifier for the Expert Advisor.
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