Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
**Ichimoku Trading Bot for MQL5**
This advanced Ichimoku Trading Bot is designed for MQL5, leveraging the powerful Ichimoku Kinko Hyo indicators to automate precise entries and exits in line with market trends.
**Core Features:**
1. **Entry & Exit Strategies**:
- **Long Entry**: Initiates when Chikou Span, current price, and Tenkan/Kijun Cross confirm an uptrend.
- **Short Entry**: Triggers upon confirming a downtrend with Chikou Span, current price, and Tenkan/Kijun Cross.
- **Execution**: Trades open on candle close, with specific conditions met for either long or short positions.
2. **Risk Management**:
- **Position Sizing**: Calculates size based on daily risk and stop-loss distance.
- **Daily Risk Limit**: Adjustable daily risk cap; stops trading if daily loss exceeds set limit.
- **Take Profit Strategy**:
- **TP1**: Closes 1/3 of position at 1R, moves stop to break-even.
- **TP2**: Closes another 1/3 at 2R, activates a trailing stop.
- **Trailing Stop**: For the final 1/3, follows Senkou Span A/B, depending on position.
3. **Alerts & Notifications**:
- **Entry Alerts**: Receive instant email and push notifications for every entry signal, keeping you informed even when away from the trading terminal.
4. **Additional Functionalities**:
- **Trading Hours**: Define operational hours for specific symbols.
- **Manual Controls**: Stop, close positions, and resume trading as needed.
- **Monitoring & Stats**: Track daily progress, win/loss streaks, open position P&L, and overall performance.
**Monitoring & Alerts**:
Real-time insights into daily progress, open positions, and current market conditions. Notifications for entry triggers and key metrics ensure you're always informed.
This EA offers a comprehensive, disciplined approach to Ichimoku-based trading, ensuring strong risk management and systematic trade handling for consistent results. Perfect for traders looking to automate Ichimoku strategies with precision and control.
