Forex CAP Ichimoku EA MT5 Robot review:
About The Forex CAP Ichimoku EA MT5 Robot
CAP Ichimoku EA is trade the Ichimoku Kinko Hyo Indicator with complete freedom using a powerful and flexible EA. It using the metatrader basic ichimoku Indicator. It offers many customizable ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [
Easy to use and customizable ICHIMOKU setting.
Enable Grid trading.
Customizable break-even, SL, TP and trailing-stop
Works for ECN/Non-ECN brokers
Implements a martingale features
Customizable indicator settings
Filter trading by forex sessions
Built-in money management
Built-in news filter. EA automatic download news data from news website.
The EA implements the following five entry strategies, that can be select any of one at will:
Tenkan-Kijun Cross –
BUY trade – When Tenkan-sen cross above the Kijun-sen.
SELL trade – When Tenkan-sen cross below the Kijun-sen.
Kumo Cloud Breakout –
BUY trade – When price close above the Kumo cloud.
SELL trade – When price close below the Kumo cloud.
Kijun-Price Cross –
BUY trade – When price close above the Kijun-sen and Kijun-sen is above the Kumo.
SELL trade – When price close below the Kijun-sen and Kijun-sen is below the Kumo.
Chikou Breakout –
BUY trade – When Chikou breakout above the range of last 26 period price.
SELL trade – When Chikou breakout below the range of last 26 period price.
Kumo Future Twist –
BUY trade – When Kumo in future turns bullish i.e. SpanA cross above the SpanB in future.
SELL trade – When Kumo in future turns bearish i.e. SpanA cross below the SPanB in future.
Four different trading behaviors are available in the EA inputs:
Both Side (Long and Short): The EA will buy at bullish ma crossovers and sell at bearish crossovers signals both trade
Any Single Side: Open any one trade which signal come first (Buy or Sell)
Long Side Only: The EA will buy at bullish signals and disregard bearish signals
Short Side Only: The EA will sell at bearish signals and disregard bullish signals
Additionally, it implements four different money management modes:
Trade manual lotsize: The EA will trade a fixed lotsize on each trade
Auto-calculation of lotsizes: The EA will increase or decrease depend on account balance increase or decrease
Martingale: The EA will double the lotsize after a losing trade
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)