Forex Magic Ishimoku Robot

Forex Magic Ishimoku Robot review:

The trading robot works on the basis of determining price consolidation zones due to three overlapping Ishimoku indicator readings with different settings according to the Golden Ratio number. This analysis method allows you to predict price movement with high accuracy.

Each position has Stop Loss and Take Profit.

Each position is controlled by a short trailing stop.

Recommended trading tools, 5m: EURUSD, GBPUSD, USDJPY, USDCAD.

Test results:

Forex Magic Ishimoku Robot

Parameters:

  • MaxRisk – Percentage risk for the calculation of the trading lot;
  • If MaxRisk = 0, lot will be – If MaxRisk = 0, the lot will be like this;
  • MaxLot – You can set the maximum lot;
  • TenkanSen – TenkanSen of Ichimoku
  • KijunSen – KijunSen of Ichimoku
  • SenkouSpanB – SenkouSpanB of Ichimoku
  • Comment_to_orders – Comment to positions;
  • TakeProfit – Take Profit;
  • StopLoss – Stop Loss;
  • Max spread – the maximum spread;
  • Magic – Magic number to distinguish their positions;
  • Show logo? – Show the logo on the chart?

Download our other Free Forex Robots For Metatrader 4

Installation

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)

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