KenArok Ichimoku

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ENGLISH DESCRIPTION 
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KenArok EA is an automated trading system for MetaTrader 5, named after Ken Arok, founder of the Singasari Kingdom in East Java, Indonesia (1222 AD). The EA applies a structured averaging strategy using two indicators that must confirm simultaneously before any position is opened or averaged.
 
— ICHIMOKU KINKO HYO —
Used as the primary trend filter. The Cloud (Senkou Span A and B) identifies trend condition. Price above the cloud signals an upward trend. Price below signals a downward trend. Price inside the cloud is considered unclear — no entry is taken. Tenkan-Sen vs Kijun-Sen provides momentum confirmation. Both cloud position and Tenkan/Kijun relationship must align before any entry.
 
— ATR (AVERAGE TRUE RANGE) —
Used as a volatility filter. Prevents entries during flat or low-activity market conditions. If ATR is below the configured minimum (ATR_Min_Pips), the EA does not act, even if Ichimoku signals are present. This filter applies to both first entries and averaging positions.
 
— FEATURES —
• Dual indicator confirmation (Ichimoku + ATR) on every entry and averaging
• Candle-close execution only — no mid-candle entries
• Signal Mode: NORMAL (trend-following) or REVERSE (counter-trend)
• Averaging Mode: BOTH WAY or ONE WAY
• Minimum 200 pip grid distance between averaging levels
• Weighted average TP — recalculated after every new position
• Margin check before every order
• Margin level protection — averaging stops below 200% margin level
• Maximum position limiter per cycle
• One cycle per day — new cycle opens only after all positions close
• Floating position carry-over to next day if cycle is still open
• Manual trade recognition (magic number 0 included in cycle)
• Real-time GUI panel showing: cloud status, Tenkan/Kijun, ATR value, floating P&L, average price, cycle status
 
— PARAMETERS —
Signal_Mode, Avg_Mode, Ichi_Tenkan/Kijun/Senkou, ATR_Period, ATR_Min_Pips, Lot_First, Lot_Multiply, Max_Positions, Grid_Pips, TP_Pips, SL_Pips, One_Cycle_Day, Include_Manual, Magic_Number.
 
— RECOMMENDED —
Timeframe: H1 / H4 | Pairs: EURUSD, GBPUSD, XAUUSD
 
Developer: Rudi Rupian — contact via MQL5 profile.
 
— RISK DISCLAIMER —
Trading on margin involves significant risk of loss and is not suitable for all investors. This EA is a trade management tool only and does not guarantee any specific result. Past performance is not indicative of future results. Only trade with capital you can afford to lose. The developer accepts no responsibility for financial losses incurred through use of this software.

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Profalgo Limited
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