Supertrend
$500.00
The Big Breakout EA trades the support and resistance of many different indicators like ZigZag or Fractals or the high/low of a certain range of candles. The EA only uses pending orders.
Description
About the Ichimoku Kinko Hyo
The Ichimoku Kinko Hyo Indicator was developed in the late 1930s by Goichi Hosoda and serves as a Moving Average-based trend indicator. It incorporates a cloud known as Kumo, situated between the Senkou Span A and Senkou Span B lines, the Tenkan-sen and Kijun-sen lines, and the Chikou Span line. This indicator is integrated into both Metatrader 4 and 5 platforms, with default settings of Tenkan-sen 9, Kijun-sen 26, and Senkou Span B 52.
Trade logic of this Forex robot
The Ichimoku Kinko Hyo EA 2.0, also known as the Ichimoku EA, is a forex robot that relies on the Ichimoku Cloud, the Tenkan-sen, Kijun-sen, and the Chikou Span. It incorporates 9 entry strategies based on Ichimoku, along with 9 entry filters also derived from Ichimoku. Additionally, the Advanced and Pro versions offer 5 different exit strategies (optional).
Trade logic of this forex robot
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1. Tenkan-sen/Kijun-sen Cross: The EA executes trades when there is a crossover between the Tenkan-sen and Kijun-sen lines, considering them equal.
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2. Tenkan-sen/Kijun-sen Cross: The EA engages in trades when there is a crossover between the Tenkan-sen and Kijun-sen lines, specifically when the Tenkan-sen is positioned above the Kijun-sen.
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Simple Cloud Breakout: The EA executes trades when there is a breakout above the cloud, triggered if the price surpasses the cloud.
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Advanced Cloud Breakout: The EA initiates a trade when the price breaches the high of the candle that previously broke through the cloud.
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Tenkan-sen Breakout: The EA executes trades upon the breakout of the Tenkan-sen line from the cloud.
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Kijun-sen Breakout: The EA initiates trades upon the breakout of the Kijun-sen line from the cloud.
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Chikou Span Breakout: The EA engages in trades when there is a breakout of the Chikou Span line from the cloud.
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All in Uptrend/Downtrend: Initiates a buy trade if the conditions are met, including Tenkan-sen and Kijun-sen being above the cloud, Tenkan-sen being above Kijun-sen, Chikou Span being above the cloud, the cloud being in an uptrend, and the current price residing above the cloud.
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Only Filter Strategy: This approach relies solely on entry filters to initiate trades. The Ichimoku EA will execute a trade if the selected filter is true. It is advisable to combine this strategy with an exit strategy and omit the use of StopLoss, TakeProfit, and Trailing functions. Instead, consider setting a higher StopLoss for risk mitigation.