PZ Ichimoku EA MT5

4.22

Trade the Ichimoku Kinko Hyo Indicator with complete freedom using a powerful and flexible EA. It implements many entry strategies and useful features, like customizable trading sessions and a martingale mode. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to use and supervise
  • It implements several entry conditions
  • Customizable break-even, SL, TP and trailing-stop settings
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Implements a martingale feature
  • Filter trading by forex sessions
  • Trading is FIFO/NFA Compliant

The EA implements many entry strategies that can be enabled or disabled at will:

  • Breakouts of the Kumo Cloud
  • Tenkan / Kijun Sen Crosses confirmed by Kumo color
  • Tenkan / Kijun Sen Crosses inside the Kumo cloud
  • Tenkan / Kijun Sen Crosses against the Kumo color
  • Breakouts of Kijun Sen confirmed by the trend
  • Breakouts of Kijun Sen confirmed against the trend

Additionally, it implements four different money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will risk % of the account on each trade
  • Martingale: The EA will double the lotsize after a losing trade
  • Inverse Martingale: The EA will double the lotsize after a winning trade


Input Parameters

  • Ichimoku Settings - This parameter group holds the parameters of the indicator.
  • Trading Setups - This group allows you to enable or disable trading setups based on Ichimoku.
  • Session Settings - Enable or disable trading for the Assian, European or American sessions.
  • Position Management - This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in %, trailing-step in pips, stop-loss in pips and take-profit in pips.
  • Money Management - In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
  • EA Settings - You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.

What to expect

This EA is a general purpose tool which success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not claim to do so. It is up to you to find the best parameters for each symbol and timeframe using the strategy tester.


Author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Reviews 22
BigMinShan
62
BigMinShan 2024.07.23 04:49 
 

test good, like it

amoqare
74
amoqare 2023.09.18 22:06 
 

Thank you very much for providing such useful EA for free

lildean254
48
lildean254 2023.02.08 16:25 
 

I just found my pictures of settings I created manually from 3 years ago when i knew nothing about EA's, when back test 3 years ago this EA turned $500 to $393k in 8 month back test with 3.79% DD, well since I know more about howto opt now, I will test these old setting and see if they still perform, great EA if you know howto change the settings. 5 star review for sure.

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floworld
106
floworld 2024.09.01 17:29 
 

I tried many different configs but no success. Profit was low or loss.

BigMinShan
62
BigMinShan 2024.07.23 04:49 
 

test good, like it

Gloria Sarpong
5958
Gloria Sarpong 2024.04.09 11:36 
 

User didn't leave any comment to the rating

AHMED NOUR ELDEEN
712
AHMED NOUR ELDEEN 2023.11.13 20:04 
 

User didn't leave any comment to the rating

Ostian1
29
Ostian1 2023.10.28 12:07 
 

After 14 years of investing in forex, I wanted to develop my skills and, as part of diversification, automate some of my portfolios, but after testing dozens of trading robots, both free and paid, I am considering learning to write MQL because everything available in the market does not work. Greetings to the Creators ;).

amoqare
74
amoqare 2023.09.18 22:06 
 

Thank you very much for providing such useful EA for free

lildean254
48
lildean254 2023.02.08 16:25 
 

I just found my pictures of settings I created manually from 3 years ago when i knew nothing about EA's, when back test 3 years ago this EA turned $500 to $393k in 8 month back test with 3.79% DD, well since I know more about howto opt now, I will test these old setting and see if they still perform, great EA if you know howto change the settings. 5 star review for sure.

Cristian Mihail Pauna
13168
Cristian Mihail Pauna 2022.09.27 06:56 
 

User didn't leave any comment to the rating

Shipud16
149
Shipud16 2022.09.25 14:58 
 

Ótimo pra index

Leandro Rocha Rocha
29
Leandro Rocha Rocha 2022.09.16 20:08 
 

Perfeito PARABENS se souber programar e só GAIN...OBRIGADO

Thomas Miller
28
Thomas Miller 2022.09.01 06:38 
 

MINUS 5 STAR < This EA is the worst P. O . S. I have try to use. WHOPING BIG LOOOSEEER .DO NOT USE ON REAL ACCOUNT. This EA needs an EINSTINE shredder. I trade with many WINNING EAs on MT 4 BUT i have not found any great EAs for MT 5.

Clemildes Horta
287
Clemildes Horta 2022.06.13 23:52 
 

Muito bom! Excelente! Quem programou está de parabéns!

themarketer243
14
themarketer243 2021.12.16 17:22 
 

GOOD EA

Petr Zharuk
1772
Petr Zharuk 2021.10.10 00:30 
 

Сделайте пожалуйста возможность открывать только длинные позиции, или короткие. В обе стороны не подходит для моей стратегии. Спасибо

Almiem64
57
Almiem64 2021.04.23 14:36 
 

It can be used by comparing it with other signals, such as oscillators.

5100427
54
5100427 2021.03.13 08:36 
 

bon résultat en terme de départ de signal....reste à surveiller le sortie de positions

Rudolf Strahm
199
Rudolf Strahm 2021.03.08 11:35 
 

Habe eine Test in Betrieb sieht gut aus

Marco Criconia
288
Marco Criconia 2020.10.20 14:16 
 

Good

Lucky Pal
438
Lucky Pal 2020.09.18 06:04 
 

Has a few limitations, but this is still the best free EA on the MQL5 market I've used so far.

Juan Gallego
79
Juan Gallego 2020.07.10 23:22 
 

I have run optimizations on this EA, and I am testing it on demo account, it has been profitable, I'll let it run 2 more months and will evaluate if I should use it on real account.

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