Ichimoku EA 2.0

Metatrader (MT4) Expert Advisor

"We’re not going to play a winning hand every day."
- John Paulson
Trade the Ichimoku Kinko Hyo Indicator with complete freedom using the free PZ Ichimoku EA. It offers several entry conditions and very flexible position management settings.
  • Easy to use and supervise
  • It implements several entry conditions
  • Customizable break-even, stop-loss, take-profit and trailing-stop settings
  • Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
  • Implements a martingale feature
  • Filter trading by forex sessions
Boost your trading returns for free with the most complete Ichimoku Kinko Kyo EA, like hundreds of users have already done!


Trading Setups

The EA supports the following trading setups, which can be enabled or disabled.

Settings and Input Parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.

Ichimoku Settings
This parameter group holds the parameters of the indicator.
Events to trade
This group allows you to enable or disable entry conditions.
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 pips, trailing-step in pips, stop-loss in pip 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.
Frequently Asked Questions
Is the EA NFA/FIFO Compliant?
Do I need a VPS to run the EA?
Can I interfere with the trades of the EA?
Will this EA interfere with other EAs running in my account?