Ichimoku Rretracement

Experts MetaTrader 4 Free

This EA, “Ichimoku Retracement,” executes trades when price retraces from Ichimoku levels and includes Trailing Stop Loss and Take Profit functionality. It operates across all time frames on major forex pairs and stocks such as NASDAQ.

  • Test it on a demo account first.
  • This EA trades exclusively based on the open candle price.
  • If you prefer not to increase lot size after a losing trade, set: “IncreaseFactor=0”

Inputs

  • Use_TP_In_Money – Enable Take Profit In Money (values: true/false).
  • TP_In_Money – Take Profit In Money (values: 10–100).
  • Use_TP_In_percent – Enable Take Profit In Percent (values: true/false).
  • TP_In_Percent – Take Profit In Percent (values: 10–100).

————[Money Trailing Stop For Multiple Trades]———————-

  • Enable_Trailing – Enable Trailing with money (values: true/false).
  • Take Profit In Money (in current currency) (values: 25–200).
  • Stop Loss In Money (in current currency) (values: 1–20).
  • Loss Index (values: 1.1–2).

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  • Exit = Close trades if the trend moves against you and control drawdown (values: true/false).
  • Lots
  • Lots size (values: 0.01–1).
  • Lots size Exponent (values: 1.01–2).
  • IncreaseFactor – how much to increase lots from total margin if you lose a trade (values: 0.001–0.1).
  • Stop_Loss
  • Stop Loss (values: 30–500). /set value 600 for Multiple Trades
  • MagicNumber
  • Magic number (values: 1–100000).
  • TakeProfit
  • Take Profit (values: 50–200). /set value 600 for Multiple Trades

———————CONTROL DRAW DOWN—————————–

  • UseEquityStop – (values: true/false).
  • TotalEquityRisk – (values: 0.01–20).

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  • Max_Trades (1–12).

—————-IF YOU USE ONLY 1 TRADE:———————–

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TrailingStop – set a value from 40 to 100 to activate trailing stop loss & take profit; “0” will not activate trailing stop loss.

Enable “Break Even” – (values: true/false).

When move “Break Even” – (values: 5–30).

How much pips move “Break Even” (values: 5–30).

  • You should optimize this EA every few months and use the exact same inputs listed above.
  • You can use it as a hedging grid EA or a single trade EA.
  • How to perform back test: https://bit.ly/2CD7XWD

Ichimoku Rretracement-DEMO

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