MMM Ichimoku Kinko Hyo

MMM Ichimoku EA strategy

• The robot uses its built in Ichimoku indicator all the time and does a calculation to determine the prices trends. If it indicates the price will be bullish, it sends a buy order. If the indicator indicates the price will be bearish, it sends a sell order;
• It will not send an order unless the calculations determines a good trend;

It protects your money because it is provided with

• Trailing stop loss to protect your profit. Once your order has a positive profit, it sets SL at a certain distance in order to keep a positive profit;
• minimum equity percentage to limit your risks. You may limit your investments and restrict it to a certain percentage of your money;
• limits the number of pending orders. This way you will not drawdown your account with too many pending orders.
• Bad Time to Trade where you define the hours the EA should not trade (order open time).

General Inputs

• Closes orders with any profit of value (currency): closes any order after reaching profit define in currency value;
• Take profit (order profit ceiling): traditional take profit (pips);
• Stop loss (loss limit): traditional stop loss (pips);
• Lots volume to trade: the lots volume to be traded;
• Trailing stop loss: trailing stop loss distance. If input an invalid distance, the minimum distance allowed by market will be used. Disabled if = 0 (ZERO);
• Maximum number of simultaneous orders: limits the number of pending orders. For Hedge account type;
• Minimum equity percentage to allow opening new orders: defines the equity minimum percentage to open new orders;
• Equity Percentage to Stop Out: defines the equity percentage low level to stop out. Closes All orders if reaches this level. Disabled if = 0;
• Magic Number: identifies the orders opened and administrated by this EA;

Bad time to trade inputs

• Defines the starting hour the EA will not trade (0..23h): defines the start hour of bad time to trade (hours only). Disabled if = -1;
• Defines the ending hour the EA will not trade (0..23h): defines the end hour of bad time to trade (hours only). Disabled if = -1;

Indicator's inputs

• Tenkan Sen: indicator's parameter. It's default value is 9. Do not change it if you will not test before using;
• Kijun Sen: indicator's parameter. It's default value is 26. Do not change it if you will not test before using;
• Senkou Span B: indicator's parameter. It's default value is 52. Do not change it if you will not test before using;
• Shift: shift used by the Ichimoku indicator.