Ichimoku Chikou Cross is an automated trading Expert Advisor for MetaTrader 4 and MetaTrader 5, based on the classic Ichimoku Kinko Hyo indicator using its original default parameters.
The EA focuses on a less commonly used but highly effective signal: the cross of the Chikou Span with price, combined with trend confirmation from the Kumo (cloud).

This Expert Advisor is designed to trade only when market structure and trend direction are clearly aligned, avoiding unnecessary trades during ranging or unclear conditions.

About Ichimoku Kinko Hyo
Ichimoku Kinko Hyo is a comprehensive technical indicator developed in Japan in the 1960s. It allows traders to assess market direction, momentum, and support/resistance levels at a glance.

The indicator consists of five main components:

• Tenkan-sen – a fast-moving average based on recent price range
• Kijun-sen – a slower baseline representing medium-term trend
• Senkou Span A – the average of Tenkan-sen and Kijun-sen, projected forward
• Senkou Span B – the average of the highest high and lowest low, also projected forward
• Chikou Span – the current closing price plotted backward in time

Senkou Span A and B together form the Kumo cloud, which plays a central role in trend confirmation.

Trading Strategy Logic
Ichimoku Chikou Cross EA generates trading signals when the Chikou Span crosses the historical price close level:

• A bullish signal is generated when Chikou Span crosses price from below
• A bearish signal is generated when Chikou Span crosses price from above

To avoid false signals, the EA applies two additional confirmations:

1. The position of the current price relative to the Kumo cloud
2. The position of the Chikou Span relative to the Kumo cloud at the time of the cross

Only when both confirmations agree, a trade is allowed.

The EA does not use fixed stop-loss or take-profit levels.
All positions are closed only on reverse signals, making the system fully trend-following.

Key Trading Rules

• Trades are evaluated only at the open of a new bar
• Signals are based on completed candles only (no repainting)
• Reverse signals immediately close existing positions
• Entry signals require full confirmation
• Exit signals do not require confirmation

This approach ensures disciplined entries while allowing fast exits when market direction changes.

Position Sizing & Risk Management
Ichimoku Chikou Cross EA supports two position sizing modes:

Fixed Lot Size
A constant lot size is used for every trade.

ATR-Based Position Sizing
The EA can calculate position size dynamically using the Average True Range (ATR):

• Fixed percentage risk per trade
• Fixed monetary risk per trade
• Optional ATR multiplier
• Option to calculate risk based on balance or equity

This allows traders to adapt risk management to different account sizes and volatility conditions.

Backtest Results
Backtests were performed on EUR/USD (D1 timeframe) from January 2001 to May 2013.

Fixed Lot (0.1 lot):

• Starting balance: $10,000
• Net profit: $6,696
• Maximum drawdown: 8.08%

ATR-Based Risk Management (2% risk):

• Net profit: $23,776
• Maximum drawdown: 14.57%

The results demonstrate that dynamic position sizing significantly improves long-term profitability while keeping drawdown at acceptable levels.

Trading Frequency
On EUR/USD Daily chart, the EA trades approximately 9–10 times per year, making it suitable for traders who prefer low-frequency, high-quality trend trades.

Supported Platforms

• MetaTrader 4
• MetaTrader 5

(Note: MT4 uses Magic Number for trade isolation, while MT5 manages positions differently by design.)

Conclusion
Ichimoku Chikou Cross Expert Advisor is a clean, rule-based trading system designed to trade only when trend direction, momentum, and market structure are aligned.
By combining Chikou Span cross signals with Kumo confirmation and optional ATR-based risk management, this EA provides a disciplined and robust approach to long-term trend trading.

It is well suited for traders who value clarity, patience, and consistency over high trading frequency.

Password:forexsignalpro.net

⚠ Disclaimer: Always test the robot on a demo account before using real money. Trading involves risk.