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Ichimoku Breakout

The EA works in two modes:

If "Switch" = "1" the EA works with "Ichimoku" and local minimum\maximum price levels as breakout levels. If the price crosses the "Ichimoku" and local minimum\maximum price levels both from below upwards, then we will receive a buy signal. And vice versa for sell signal: if the price crosses the "Ichimoku" and local minimum\maximum price levels both downwards, then we will receive a sell signal.

If "Switch" = "0" the EA works with "Ichimoku" and local minimum\maximum price levels as support and resistance levels. If there is a price retracement up from "Ichimoku" and local minimum\maximum price levels, it is a buy signal. If there is a price retracement down from "Ichimoku" and local minimum\maximum price levels, it is a sell signal.

You can work with or without trailing stop:

If "TrailingStop" = 0, then the trailing stop loss will not work.

If "TrailingStop" = values from 10 to 100, then the trailing stop loss will work.

With the "TrailingStop" the stop loss price level will change its position at the value in pips you set.

The Expert Advisor works on four different timeframes simultaneously.

The Expert Advisor is a multicurrency, multistock and multitimeframe (M1, M5, M15, M30, H1, H4, D1) Expert Advisor.

You have the option to send a mail notification to your email, so it will let you know about every trade.

This version has a built-in algorithm that calculates the price rate of change within the smaller and higher timeframe in relation to the timeframe which you work with.

This Expert Advisor works only with open\close price of every bar.


Parameters

  • Switch - When "Switch" = "1" breakout mode, When "Switch" = "0" retracement mode.
  • Strategy:
    • If Strategy="Trailing stop" regular trailing stop loss.
    • If Strategy="Martingale" -if you lose a trade next trade will be with multiplied lot size.
    • If Strategy="Zone Recovery" Zone recovery area hedging strategy.
  • Zone_Recovery_Area - Zone_Recovery_Area(in pips)
  • Multiply - lot multiplier for martingale strategy
  • History - Amount of history bars for calculation, should be 10-50.
  • Period_MA_0 - Period of supporting MA for current timeframe, should be 1-50.
  • Period_MA_1 - Period of calculated MA, should be 1-50.
  • Bars_V - Amount of bars for calculating rate, should be 3-50.
  • Aver_Bars - Amount of bars for smoothing, should be 3-50.
  • K - Amplifier gain, should be 1-20.
  • Lots - minimum 0.1, maximum 1.
  • MaximumRisk - maximum risk from total margin in %, should be 0.01 - 0.3.
  • DecreaseFactor - decrease from total margin if you lose a trade.
  • TrailingStop - set a value from 10 to 100 to activate trailing stop, "0" will not activate trailing stop.
  • StopLoss - value of stop loss level, should be 10-100.
  • TakeProfit - value of take profit level, should be 10-200.
  • MACD_Threshold - filtering ending trends, should be 70 - 95.
  • Mom_Sell - value of sell trigger level of "Momentum" indicator, should be 0.1 - 3.
  • Mom_buy - value of buy trigger level of "Momentum" indicator, should be 0.1 - 3.
  • Momlength - value of "Momentum" indicator.
  • Distance - step in pips between two Moving Averages, should be 10 - 50.
  • FastMA - value of fast "Moving Average" indicator, should be 1 - 15.
  • SlowMA - value of slow "Moving Average" indicator, should be 20 - 100.
  • MagicNumber - different number for each pair/stock window that you open simultaneously.
  • ATR - not in use.
  • Maxc - not in use.
No reviews
Version 7.0 - 2018.06.21
The stop loss was activated only if the trade went in the right direction for some pips. Now it is activated and visible from the start, also there is the new stop command that accepts the value of "ATR" indicator for double guard,
and now the EA uses volume to identify changes in the market.

3 new variables:
Strategy:
If Strategy="Trailing stop" regular trailing stop loss.
If Strategy="Martingale" -if you lose a trade next trade will be with multiplied lot size.
If Strategy="Zone Recovery" Zone recovery area hedging strategy.
Zone_Recovery_Area =Zone_Recovery_Area(in pips)
Multiply=lot multiplier for martingale strategy
Version 5.0 - 2018.03.14
The trailing stop loss did not work in sell orders. Now the error has been fixed, everything else is the same.
Version 2.0 - 2018.02.14
What's new:

New Trading strategy with parameter "Switch":
The EA works in two modes: breakout and retracement.

New "TrailingStop":
You can work with or without trailing stop.

New Parameters:
Switch.
History.
Period_MA_0.
Period_MA_1.
Bars_V.
Aver_Bars.
K.
TrailingStop - new values.
StopLoss - new values.
TakeProfit - new values.


ATR - not in use.
Maxc - not in use.