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Proven Ichimoku Strategy + EA

  • #1
  • First Post: Jul 13, 2024 6:27am Jul 13, 2024 6:27am
Hi everyone!

Recently, I decided to test the Ichimoku indicator to see if it really works, and the results were surprising!
What I love about this indicator is that it provides entry signals along with a trend filter, all in one package.

To enter a buy trade:

  1. Tenkan-sen and Kijun-sen must be above the upper and lower Kumo lines.
  2. The upper Kumo line must be above the lower Kumo line.
  3. Tenkan-sen must cross Kijun-sen from below.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB


To enter a sell trade:

  1. Tenkan-sen and Kijun-sen must be below the lower and upper Kumo lines.
  2. The lower Kumo line must be below the upper Kumo line.
  3. Tenkan-sen must cross Kijun-sen from above.

Attached Image


In my strategy, I use the ATR to set the Stop Loss and Take Profit, and also as a trailing stop. It's important to adjust the values, especially in the position settings.

By default, the EA comes with very low ATR multiplier values, which need to be optimized!

After a brief optimization, these were the results I obtained from the last 14 years of EURUSD data on the H4 timeframe.
Feel free to test and optimize the EA. Post your parameters and results here!

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB

Parameters used in testing:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
Attached File(s)
File Type: ex5 Ichimoku Cloud EA - AndreiWN.ex5   31 KB | 1,380 downloads
  • #2
  • Jul 13, 2024 9:08am Jul 13, 2024 9:08am
Basically, Ichimoku consists of 4 moving averages, 2 short time, 2 longer time frame. The 2 longer timeframes lines are colored in, depending on their crossing, projected forward.

Compared to other MA strategy, Ichimoku is not magic.

Happy trading and best regards
BT
  • #3
  • Jul 13, 2024 9:10am Jul 13, 2024 9:10am
Hi,
well done !
Do you have a version for MT4 please ?
Santé
Jean-François
  • #4
  • Jul 13, 2024 9:31am Jul 13, 2024 9:31am
Quoting AndreiWN
Hi everyone! Recently, I decided to test the Ichimoku indicator to see if it really works, and the results were surprising! What I love about this indicator is that it provides entry signals along with a trend filter, all in one package. To enter a buy trade: Tenkan-sen and Kijun-sen must be above the upper and lower Kumo lines. The upper Kumo line must be above the lower Kumo line. Tenkan-sen must cross Kijun-sen from below. {image} To enter a sell trade: Tenkan-sen and Kijun-sen must be below the lower and upper Kumo lines. The lower Kumo line...
The EA is for MT4 or for MT5?
  • #5
  • Jul 13, 2024 9:36am Jul 13, 2024 9:36am
Hi,
.ex5 is for MT5
  • #6
  • Jul 13, 2024 10:18am Jul 13, 2024 10:18am
Quoting le celte
Hi, well done ! Do you have a version for MT4 please ? Santé Jean-François
Hi, not for now I only developed for MT5
  • #7
  • Jul 14, 2024 2:31am Jul 14, 2024 2:31am
The second image for a sell trade is not a valid ichimoku sell trade. For a sell trade to be valid price has to be below the kumo cloud but in the image, it literally breaks through the cloud. It's only a matter of time before the fake outs become real moves as the market tests resistance and seeks liquidity. My suggestion would be to model an EA along the ichimoku strategy of Kei from Japan (search him on YouTube). His ichimoku literally works and is profitable. It's along the direction of all the lines . The only setback of Kei's ichimoku is you have to be on the screen 24/7 waiting for the move to happen.
  • #8
  • Jul 14, 2024 5:44am Jul 14, 2024 5:44am
Quoting klopp433
The second image for a sell trade is not a valid ichimoku sell trade. For a sell trade to be valid price has to be below the kumo cloud but in the image, it literally breaks through the cloud. It's only a matter of time before the fake outs become real moves as the market tests resistance and seeks liquidity. My suggestion would be to model an EA along the ichimoku strategy of Kei from Japan (search him on YouTube). His ichimoku literally works and is profitable. It's along the direction of all the lines . The only setback of Kei's ichimoku is you...
if he is using an EA than not need to be in front of the screen 24/7 unless his strategy rules are subjective
  • #9
  • Jul 14, 2024 5:55am Jul 14, 2024 5:55am
Quoting klopp433
The second image for a sell trade is not a valid ichimoku sell trade. For a sell trade to be valid price has to be below the kumo cloud but in the image, it literally breaks through the cloud. It's only a matter of time before the fake outs become real moves as the market tests resistance and seeks liquidity. My suggestion would be to model an EA along the ichimoku strategy of Kei from Japan (search him on YouTube). His ichimoku literally works and is profitable. It's along the direction of all the lines . The only setback of Kei's ichimoku is you...
According to EA rules, Tenkan-sen and Kijun-sen need to be below the clouds at the moment the crossover ends, the signal is valid, I would not add a check to prevent this type of trade because the number of signals in this strategy is already significantly low, especially for longer timeframes.

Thanks for the recommendation, I didn't know Kei, I'll check out his work too
  • #10
  • Aug 17, 2024 2:06am Aug 17, 2024 2:06am
I really dont know who develop this ichimoku ea V2, it works but I noticed my account being deducted USD3 automatically whenever I make profit, it is not recorded in the transaction history, I have asked the nroker to check and it says the deduction is being made by the EA I am using, Is this true?, I hope the developer can answer this
  • #11
  • Aug 18, 2024 1:17pm Aug 18, 2024 1:17pm
Quoting zaimalamal
I really dont know who develop this ichimoku ea V2, it works but I noticed my account being deducted USD3 automatically whenever I make profit, it is not recorded in the transaction history, I have asked the nroker to check and it says the deduction is being made by the EA I am using, Is this true?, I hope the developer can answer this
1) People forget - or do not know, that the robot files are EXE files and then can contain malicious code.

2) But can a robot steal 3$ from each trade. That is not possible. To get money out of your account you must follow some strict rules set by the brokers internet page. That is the only way to redraw money. The robot does not have that interface. I am pretty sure, that those 3$ are taken by the broker.
MetaTrader 4 - so many advantages.
  • #12
  • Nov 27, 2024 6:17am Nov 27, 2024 6:17am
Hey, With this code, I request you to please help me with an alteration. If the ea applied on a particular chart, reaches a profit of 'x' dollars, it should move the SL to breakeven. Also, the trailing SL should be running parallely but with a simple alteration. If the trade has gone in a profit of 'y' dollars, the SL on the trade should move 'y' dollars towards the tp. For example, if a trade is in 3$, i'll move the SL to Breakeven. If the same trade has now moved to 5$, I'll lock the SL to a profit of 1$ and subsequently, on every 1$ move after 5$, i'll lock 1$ worth of profit more. There's no magic number to the ea, otherwise would have done it myself.
  • #13
  • Nov 27, 2024 6:55am Nov 27, 2024 6:55am
Quoting AndreiWN
To enter a buy trade: Tenkan-sen and Kijun-sen must be above the upper and lower Kumo lines.

Yes indeed - these are strong Ichimoku signals, when the Tenkan/Kijun crossover itself is above/below the kumo, in the direction of the trade.

The potential problem here, however, is with the settings.

The original settings were applicable to trading stocks only from daily charts only.

They're based on a 6-day trading week on the Tokyo stock exchange, when they still traded on Saturdays: 9 (Tenkan Sen) was the number of days in a week and a half; 26 (Kijun Sen) was the number of trading days in a 30-day month, etc. In other words, they’re totally inappropriate for the way most forex traders try to use them.

Most of the information around online about Ichimoku (especially in forums but also even on some websites dedicated to it!) is really very inaccurate and misleading. The maority of people who are purporting to teach others how to use it, on websites and in e-books and in Youtube, really have amazingly little idea what they’re talking about.

Personally, I have a relatively high opinion of most of the Ichimoku indicator-set, provided it’s used with appropriate settings, and I know successful independent traders (former institutional traders) most of whose day-to-day trading involves using it. But never - unsurprisingly - with the “standard” settings.
  • #14
  • Nov 27, 2024 10:14am Nov 27, 2024 10:14am
Quoting KarlKraus
{quote} Yes indeed - these are strong Ichimoku signals, when the Tenkan/Kijun crossover itself is above/below the kumo, in the direction of the trade. The potential problem here, however, is with the settings. The original settings were applicable to trading stocks only from daily charts only. They're based on a 6-day trading week on the Tokyo stock exchange, when they still traded on Saturdays: 9 (Tenkan Sen) was the number of days in a week and a half; 26 (Kijun Sen) was the number of trading days in a 30-day month, etc. In other words, they’re...
Rather tell us, what are those settings that have the probability to work?
  • #15
  • Nov 29, 2024 3:34am Nov 29, 2024 3:34am
Quoting Contentwork
what are those settings that have the probability to work?
They obviously depend on instrument, timeframe, volume, volatility, and other factors. As you'd expect.

The point Karl's (rightly) making, above, I think, is that if someone's using 9/26/52 settings for trading anything other than individual stocks on daily charts (and with a 6-day week!!), they clearly don't know what they're talking about.
  • #16
  • Jan 21, 2025 3:16pm Jan 21, 2025 3:16pm
I watched a lesson that included watching for the Lagging line to cross the Kijun-sen (Standard Line) as an early confirmation in conjunction with trend lines. Hope this adds to the discussion.
  • #17
  • Jan 22, 2025 11:51am Jan 22, 2025 11:51am
Is anyone forward testing this?

blam
  • #18
  • Feb 14, 2025 5:46pm Feb 14, 2025 5:46pm
I use the Ichimoku indicator and I am having success with it.... /i use the standard settings.... Am I blissfully unaware that I should change them?
  • #19
  • Feb 17, 2025 6:38am Feb 17, 2025 6:38am
Quoting klopp433
The second image for a sell trade is not a valid ichimoku sell trade. For a sell trade to be valid price has to be below the kumo cloud but in the image, it literally breaks through the cloud. It's only a matter of time before the fake outs become real moves as the market tests resistance and seeks liquidity. My suggestion would be to model an EA along the ichimoku strategy of Kei from Japan (search him on YouTube). His ichimoku literally works and is profitable. It's along the direction of all the lines.
Thanks for the Kei video reference. It is really useful.

Quoting klopp433
The only setback of Kei's ichimoku is you have to be on the screen 24/7 waiting for the move to happen.
You can set alerts.
  • #20
  • Last Post: Jul 29, 2025 3:09am Jul 29, 2025 3:09am
I like to analyze the equity/balance curve:
From 2010.01.08 you're earning money till 2015.10.22, then, you have a range to 2017.09 aprox with no reward, almost 2 years wihout earning a penny, that's a hard hit for a trader/investor.
After that you get al ittle pump but again, a range from 2018 to 2022.06 aprox, that's a 4 years range.
So yes, this strategy makes money in the long term (good thing by the way), but you're punished with loooooong periods of time wasting.

So i'm not here to bother, i'm here to say that you should combine that startegy with a range strategy AND/OR trade several different pairs to smooth the curve and prevent total flat ranging years on your equity, i do not use any strategy dot keeps me more than 2-3 months without a new equity ATH.

Best wishes.
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