Ichimoku Edge MT4 EA - MetaTrader 4 Expert - MetaTrader 4 Resources

Ichimoku Edge is based on the standard Ichimoku indicator with default settings. It generates buy and sell signals from the cross lines of Chikou Span with price , by price and Chikou Span with respect to the cloud (cloud) .

one purchase A signal occurs when the Chikou span crosses the price from below, and is confirmed when both the current price and the Chikou are above the Kumo.

one Sell A signal occurs when the Chikou Span crosses the price from above, and is confirmed when both the current price and the Chikou are below the Kumo.

When an opposite (reverse) signal occurs, all open trades are automatically closed.

No fixed stop loss or take profit is used; exits rely solely on signal reversals.

Fund Management <br/>Supports two position adjustment modes:

Fixed lot size — Trade using predefined volumes.

ATR-based resizing — Use the Average True Range indicator to dynamically adjust lot size based on risk percentage or currency value.

Key input parameters
One-touch settings:

Money management:

Lot size – fixed position size.

MM – Enables ATR-based risk management.

ATR_Period, ATR_Multiplier – ATR settings.

Risk/Currency Risk – Percent or fixed currency risk.

UseMoneyInsteadOfPercentage – Switch between percentage or currency-based risk.

UseEquityInsteadOfBalance – Risk comes from equity rather than balance.

LotDigits – the accuracy of the broker’s lot sizes.

OrderComment – ​​order tag.

Slippage – Maximum slippage allowed.

Magic – unique EA identifier.

Notes <br/>This EA works best on longer time frames and trending markets. For best results, test various Ichimoku and ATR settings before actual use.

Attachment download

📎 Ichimoku_Edge.mq4 (29.46 KB)

Source: MQL5 #64492