Ichimoku EA

DISCLAIMERS:

** Light modifications to the program may be added during the process **

Permanent Condition: Crossover Tenkan over Kijun

PLUS THE FOLLOWING True/False Conditions:

1. Price > Kumo

2. Tenkan > Kumo

3. Chikou > Kumo

4. Bullish Candle Stick after Crossover  (NOT THE FIRST CANDLE AFTER THE EVENT, SEE PICTURE FOR REFRENCE)

5. Bearish Candle Stick after Crossover (NOT THE FIRST CANDLE AFTER THE EVENT, SEE PICTURE FOR REFRENCE)

Stop Loss (Closes ALLPOSITIONS)

1.       Fixed PIPS from entry.

2.       Trailing Stop (TrailStop = Kijun – PIPS)

3.       Tenkan Crossunder Kijun

Take Profit (1/2 Lot size)

1.       Fixed PIPS

2.       First Bearish Candlestick to OPEN & CLOSE below the TENKAN

Money Management:

1.       When (if) take profit hits,  MOVE the STOP loss to last price where it took profit – X Pip amount. Then when TrailStop Value = The last Stop Loss, then continue as TrailStop.

2.  Time Filter (Trades only during London and NY session)

3.  Lot size is calculated by margin available, and account risk per trade. Will increment/decrease if account balance goes up/down

Same thing for Short, but obviously inversed