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Ichimoku Kinko Hyo EA 2.0

Get the Ichimoku Kinko Hyo EA 2.0!

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About the Ichimoku Kinko Hyo

The Ichimoku Kinko Hyo Indicator was developed in the late 1930s by Goichi Hosoda and is a Moving Average based trend indicator. It is based on a cloud (called Kumo), which is between the Senkou span A and the Senkou span B line, the Tenkan-sen and Kijun-sen line and finally the Chikou span line. It is included in Metatrader 4 and 5. The default settings are: Tenkan-sen 9, Kijun-sen 26, Senkou Span B 52.

Trade logic of this Expert Advisor

The Ichimoku Kinko Hyo EA 2.0 (also called Ichimoku EA) is a forex robot based on the Ichimoku Cloud, the Tenkan-sen and Kijun-sen and the Chikou Span. It includes 9 Ichimoku based entry strategies,  9 Ichimoku based entry filters and 5 different exit strategies for the Advanced and Pro version (optional).

Entry Strategies (for a long signal)

  • 1. Tenkan-sen/Kijun-sen cross
    The EA trades if Tenkan-sen and Kijun-sen lines are equal.
  • 2. Tenkan-sen/Kijun-sen cross
    The EA trades the Tenkan-sen and Kijun-sen if the Tenkan-sen is above the Kijun-sen.
  • Simple Cloud Breakout
    The EA trades the Breakout of the cloud if the price gets above the cloud.
  • Advanced Cloud Breakout
    The EA enters a trade if the price breaks through the high of the candle which broke through the cloud.
  • Tenkan-sen Breakout
    Trades the breakout of the Tenkan-sen line out of the cloud.
  • Kijun-sen Breakout
    Trades the breakout of the Kijun-sen line out of the cloud.
  • Chikou Span Breakout
    Trades the breakout of the Chikou Span line out of the cloud.
  • All in uptrend/downtrend
    Enters a buy trade if the Tenkan-sen and Kijun-sen are above the cloud, if the Tenkan-sen is above the Kijun-sen, if the ChikouSpan is above the cloud, if the Cloud is in an uptrend and if the current price is above the cloud.
    It is recommended to not use any filter with this strategy.
  • Only Filter
    This strategy only uses the entry filters to enter a trade. If the filter you choose is true, the Ichimoku EA will place a trade (use at least one entry filter).
    It is recommended to combine this strategy with an exit strategy and no StopLoss, no TakeProfit and no Trailing functions (only set a high StopLoss as safety net).
Ichimoku Kinko Hyo EA - Tenkan-sen Kijun-sen Cross
Ichimoku Kinko Hyo EA - Kijun-sen Tenkan-sen Breakout
Ichimoku Kinko Hyo EA - Simple Advanced Breakout
Ichimoku Kinko Hyo EA - All In Uptrend Strategy

Entry Filters

  • Price above/below cloud
  • Tenkan-sen above/below cloud
  • Kijun-sen above/below cloud
  • Tenkan-sen above/below Kijun-sen
  • Price is above/below Tenkan-sen
  • Price is above/below Kijun-sen
  • Cloud is in uptrend/downtrend
  • ChikouSpan above/below price
  • ChikouSpan above/below cloud

Exit Strategies (only Advanced & Pro versions)

  • If Price breaks cloud from above/below
  • If Close breaks cloud from above/below
  • If Tenkan-sen is below/above Kijun-sen
    • Instantly (Closes the trade instantly on a cross)
    • Confirmed (Closes the trade only if the exit is confirmed by a new bar)
  • Close below/above Tenkan-sen
  • Close below/above Kijun-sen

Parameters for the Ichimoku Kinko Hyo indicator

  • Timeframe
    The timeframe on which the EA should work, regardless of what timeframe your chart is set to. (Default is PERIOD_CURRENT )
  • Period of Tenkan-sen line
    Averaging period to calculate the main line (default is 9)
  • Period of Kijun-sen line
    Averaging period to calculate the main line (default is 26)
  • Period of Senkou Span B line
    Averaging period to calculate the main line (default is 52)

Versions overview

Functions Basic Advanced Pro
9 Entry Strategies
9 Entry Filters
Money Management
Trade on new Bar
Inverse Strategy
5 Exit Strategies
Trailing Stop
Break Even
Spread Filter
Trade max. once per Bar
Max Open Positions
Open New Positions
Send Notifications
Virtual Stops
ADX Trend Filter
Candle Trail
ATR Trail
Day/Time Filter
Reverse on Opposite Signal
Trade Direction

Starter Bundle

The Ichimoku Kinko Hyo EA 2.0 is included in the EA Starter Bundle.

More about the Ichimoku Kinko Hyo EA 2.0

  • You can install the Ichimoku Kinko Hyo EA 2.0 on limitless demo and live accounts.
  • Note that this Metatrader Expert Advisor does not draw any indicator on the chart.
  • You do not understand all the functions? Take a look at our function glossary.
  • This EA is not pre-optimized. Please read the article about optimization first.
  • The license of every Expert Advisor you download is time limited, but you can re-download newer versions any time in your purchase history.
  • MT4 Basic v2.10
  • MT4 Advanced v2.10
  • MT4 Pro v2.16
  • Jun 21, 2018

  • Fixed: Sending too many notifications
  • Dez 13, 2017

  • Fixed: Problem with trading sessions of some brokers
  • Aug 28, 2017

  • Fixed: Martingale function in Pro version
  • Jun 12, 2017

  • Added: Timeframe to SendNotification function in Pro version
  • May 31, 2017

  • Added: Max Open Positions function to Pro version
  • Added: Open New Positions function to Pro version
  • Added: Send Notifications function to Pro version
  • Dez 12, 2016

  • Fixed: Kijun-sen above/below cloud did not work properly.
  • Apr 13, 2016

  • Update: The “All in uptrend/downtrend” strategy works now with the filters
  • Update: “Panel Comment” is now showing as Order Comment
  • Added: “Only Filter” strategy
  • Fixed: “If Tenkan-sen is below/above Kijun-sen” exit strategy was used with the “Inverse Strategy”, the trades were not closed
  • Feb 30, 2016

  • Fixed: ChikouSpan Above/Below Price and ChikouSpan Above/Below Cloud entry filter
  • Fixed: All in uptrend/downtrend mode entry strategy
  • Fixed: If price breaks cloud from above/below exit strategy
  • Fixed: Tenkan-sen above/below Kijun-sen and Kijun-sen above/below cloud entry filter
  • Added: “Cloud Ahead” in the Cloud Trend Filter
  • Feb 3, 2016

  • Fixed: All in uptrend/downtrend strategy
  • Added: Chikou Span Breakout Strategy
  • Jan 21, 2016

  • Added: Instantly & Confirmed mode to the “If Tenkan-sen is below/above Kijun-sen” exit strategy
  • Update: Disabled the panel in the strategy tester
  • Jan 13, 2016

  • Minor updates and fixes in all MT4 versions
  • Added: Information Panel in all MT4 versions
  • Dez 15, 2015

  • Added: “Reset after Max Martingale” to the Martingale function (Pro version)
  • Nov 3, 2015

  • Removed a unnecessary duplicate of the “Price above/below cloud” filter
  • Oct 12, 2015

  • Added: Entry filter “Price is above/below Tenkan-sen” and “Price is above/below Kijun-sen” and the exit strategies “Close below/above Tenkan-sen” and “Close below/above Kijun-sen”
  • Oct 5, 2015

  • Release of version 2.0 (Basic, Advanced and Pro)
  • Aug 12, 2015

  • Bugfix: Fixed an issue when the EA tried to open a order if the tenkan-sen and kijun-sen where equal over multiple candles
  • Mar 17, 2015

  • Added “Day/Time filter” and “Trade Direction” to MT4 Pro version
  • Apr 11, 2015

  • Some improvements in all MT4 versions
  • Added “Max once per Bar” function to all MT4 Advanced and Pro versions
  • Apr 04, 2015

  • Initial release MT4 Pro Version
  • Feb 07, 2015

  • Initial release MT4 Basic and MT4 Advanced

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180 thoughts on “Ichimoku Kinko Hyo EA 2.0”

  1. Jonathan says:

    Can you please respond on my post in the forum?

    1. Yannick says:


  2. Jonathan Brock says:

    Hi Yannick
    I’ve started a new topic in the forum have you had a moment to look at it?

    1. Yannick says:

      I just looked at it. Sorry for the delay.

  3. Jonathan Brock says:


    I’m using the advanced version and would like to use the Close below/above Tenkan-sen and/or Close below/above Kijun-sen exit strategy but it down not work.

    The entry I’m using is Only Filter, with these filters: Tenkan-sen above/below Kijun-sen
    Price is above/below Tenkan-sen

    So my problem is when it closes using the exit mentioned above, it just opens and closes trades every second, if that is clear I hope you can see that the exit strategy does not work and I desperately need it for my system.

    Can you help? I have a few days left before I can get a refund, and if this does not work then I might as well just use the basic EA.

    1. Yannick says:

      Can you open a new topic in the forum and upload your settings as a .set file?

  4. vuongthuanphong says:

    i just download basic version. how to set it.

  5. Royal says:

    Hello Yannick, Royal here from Johannesburg, South Africa. I downloaded your basic version of the Ichimoku EA and i am loving it. I wonder how the pro version is which i am planning to buy soon.
    I was just wondering if it is possible to incorporate the RSI Indicator into this EA, I will explain why. The RSI Indicator helps with not taking BUY/LONG position when the market is overbought and not to SELL/SHORT when the market is oversold. Manually when entering an existing uptrend to buy, you would wait for the market to retrace back downwards when it is overbought(RSI above 50%) to RSI below 50%, vise versa when entering an existing downtrend for a sell, you wait for the market to retrace back upwards when it is oversold(RSI below 50%) to RSI above 50%.
    Now after all Ichimoku EA filters have passed and the Ichimoku EA is ready to take a position, you do this final check to see if RSI is below 50% for a BUY and above 50% for a SELL.
    The advantage being that the EA will not take a position when market is overbought or oversold and the period of retracement which we witness the negative values will be greatly reduced because the EA will have taken a position when the market is now going in the trend direction because the retracement is complete. This will be best for the “FILTER ONLY” Entry Strategy which i am loving, i don’t know about other entry
    strategies which i have not yet tested.

    Thank you again, and hope to here from you soon.


    1. Yannick says:

      Theoretically it would be possible to add an RSI filter to the EA, but unfortunately, I do not make custom modifications at the moment.

      1. Royal says:

        Thank you for the reply, can you refer me to anyone who can do it for me once i have bought the pro version.

        1. Yannick says:

          Unfortunately not. Since I do not offer the source code, no one can modify it. But later if you want to add a feature, you can hire another programmer which builds an EA based on what you need. The Ichimoku EA is surely a great starting point.

      2. Royal says:

        I discovered that there should be no problem if the entry filter is working properly on the “Entry Strategy”, there is a parameter called “Price is above/below Tenkan-sen”. If i set it to false, it should not allow an entry when price is above/below Tenkan-sen because at that point the market is overbought or oversold. At the moment the EA is taking position even if you set it to true or false.
        Can you perhaps look into it, then the problem is potentially fixed and there won’t be need for any custom amendments.

        Thank you.

        1. Yannick says:

          The best way to look into this is to open a new topic in the forum.

  6. Salim says:

    Comment puis tester l’efficacité du Pro ?
    Le backtest du standard n’est pas excellent

    1. Yannick says:

      The Ichimoku EA is not pre-optimized. You have to optimize it first using the strategy tester.

  7. adgbit says:

    Hello Dev Thanks for your tool, I can’t get the EA display in my chart, can you tell what can be possible causes?

    1. Yannick says:

      The EA does not display anything. You have to attach the Ichimoku Indicator manually on the chart.

  8. Pasu says:

    Hello, I want to know EA Ichimoku Pro
    Is it still working?

    1. Yannick says:

      Yes, all EAs are still working.

  9. Salwa says:

    Hello, there are examples of settings that are recommended for metatrader 4 Pro in the form of a .set file

  10. David Green says:

    Does the ea work with renko bars?

    1. Yannick says:

      Some users use it sucessfully with the “OVO renko chart”

  11. Muhammad Allif Bin Ahmad says:

    hi may i ask it is life time once pay?

    1. Yannick says:

      Yes, it is a one time payment.

  12. ouedraogo lamine says:

    Hello Mr. Yannick
    I have a problem EA. automatically opens and closes trading on USDJPY in H1.here is my parameter, Only Filter.Price above / below cloud
    Tenkan-sen above / below cloud
    Kijun-sen above / below cloud
    Tenkan-sen above / below Kijun-sen
    Price is above / below Tenkan-sen
    Price is above / below Kijun-sen
    Close below / above Tenkan-sen
    with a different magic number
    while it works well on the other pair.
    open close immediately.
    thank you in advance

    1. Yannick says:

      Please use the forum in order to help you and provide your settings.

  13. Ryno Meyer says:

    Hi Yannick (newbie here!). Awesome EA!

    I am playing around with the Trailing Stop, would you mind just giving an explanation of each of the settings and what the value would mean:
    – Trailing Stop
    – When To Trail
    – Trailing Step

    1. Yannick says:

      Check out the functions glossary. There is everything you need to know.

  14. Fathi Aldhamin says:

    Hi Yannick,

    I’m using Pro. Version, it’s verey good and doing well.

    Could you please to add an option for determining TP & SL by the current ATR value automatically? I think it will be more flexible during long term.

    Thank you,

    1. Yannick says:

      The EA has a ATR Trailing Stop function which will place the SL based on the current ATR value.

  15. Abra says:

    If I am ordering to-day how long it will take to get the EA? Ichimoku Pro

    1. Yannick says:

      You will get the EA instantly.

  16. syde says:

    Hi Yannick ,

    how to increased the number of trade on the input.
    i have pro version but it look like it’s opening 1 trade each time i try to test and optimize

    1. Yannick says:

      This EA does only manage one trade at the time.

  17. Lucas de Deus says:

    Hello! I am learning, and i speak portuguese …so its one more chalenge… I would like to know if i buy Advanced version ….if you send to me some good configurations for forex …Thanks!

    1. Yannick says:

      Unfortunately, I do not provide any settings.

  18. nayan mipun says:

    I have dragged the expert adviser (Ichimoku) into the chart area from the expert file (window) after down loading the basic, and the icon is smiling, but there is no trades that is taking place. Help.

    1. Yannick says:

      Do you have the pro version? Have you adjusted the maxSpread parameter?

  19. Ruhail says:

    Hi , can i use this Ichimoko EA as a indicator? i dont like EA. i need Indicator , which show signals on chart and pop up.


    1. Yannick says:

      The indicator is included in MT4 by default. But it does not open pop-ups or sends alerts.

  20. Steven says:

    Hi, Can the EA scan and execute order/exit on multiple instruments (forex currency pairs, equities, commodities and etc)?

    1. Steven says:

      To be more specific (at the same time). Thanks

    2. Yannick says:

      Yes, but it requires a bit more tweak in the settings for non-forex symbols.

  21. Femi says:

    Hi there,

    Just wanted to know if the Pro version works with indices, Gold and Crude oil or commodities on the Forex.cm platform.

    1. Yannick says:

      Yes, it should work. Also, the basic EA should work. You may just have to multiply all pip-based values (SL, TP, Slippage etc.) by 10 or 100 for some brokers.

  22. balamurugan.r says:

    Guys, Recommend me good EA and versio like PRO/Basic..I will try it in demo..


  23. laminetv says:

    Bonjour monsieur.
    J’aimerais savoir s’il y’a une stratégie
    de sortie
    L’orsque le Tenken sen passe au dessus
    du prix. .le contraire pour la vente.

    1. Yannick says:

      The exit strategy “Close below/above Kijun-sen” does the inverse of what you are looking for. Hope this helps you.

  24. GMX says:

    I Just buy the Pro Version but not working.
    THe basic is working Good. Not the Pro.
    Thank you very much

    1. Yannick says:

      Maybe this is because of the spreadFilter included in the pro version. Increase its value and try it again.

    2. Rabih says:

      Are you making profits with this expert advisor ?

  25. Noel Nobleza says:

    Hi Yannick,

    Can you please explain what is the function of Virtual take profit (pips) and Virtual stop loss (pips)?

    thank you appreciate it.

    1. Yannick says:

      If you set the Virtual TP to 50, the EA will close the trade as soon as the trade is >50pips in profit. The TP and SL are hidden from your broker. If the markets moves fast, the EA will maybe close the trade some pips more in profit e.g. 52 or 55 pips.

  26. Guglielmo says:

    My ears gives
    “trade is not allowed by setting ”
    ERROR : trade is not allowed in expert properties
    It requotes but nothing

    1. Yannick says:

      Open the Expert Properties and in the “Common” tab check “Allow live trading”.

  27. Rui Carneiro says:

    I bought the Ichimoku EA Pro.
    I intended to have it attached to an M1 chart for long positions and at the same time attached to another M1 chart of the same asset for short positions.
    The same asset, the same timeframe, one chart for long positions, the other for short positions.
    I’ve tried but it did not work: only works on one of the charts even if there is no other open position.
    Assign different magic numbers to each of the charts.
    It’s possible?

    1. Yannick says:

      Yes, this should work if you use different Magic Numbers.

  28. Arvand Azadvar says:

    Hi , I bought the ichimoku ea Pro but when i back tested this EA , the result was not good and i used the defult of the this EA ,
    So can you say to me wich setting is the best and profitable in M5 time frame ?

    1. Yannick says:

      I do not provide any settings. Please use the strategy tester to optimize the EA.

    2. yousef70 says:

      Did you found the proper settings?

  29. cuneyt says:

    Do paid versions require additional payments or are they one time paid products?

    1. Yannick says:

      It’s a one time payment.

  30. Tri says:

    What is the settings for this EA? Please help me

    1. Yannick says:

      I do not provide any settings. You have to use the strategy tester to optimize it.

  31. Dario Sparacino says:

    Hi, Are Updates Free?

    1. Yannick says:

      Yes, they are.

  32. TRAN says:

    i want buy version PRO

    1. Yannick says:

      Feel free to do so. I accept PayPal and credit cards.

  33. Tresor says:

    Have you backtest it? What is the profit ratio per month?

    1. Yannick says:

      I do not provide backtest. But you will find some in the forum.

  34. cadu says:

    HI, this Ichimoku is a Ae Robot ? Auto trade ? thanks

    1. Yannick says:

      Yes, it is an EA (Forex Robot) which trades fully automated.

  35. Noel NObleza says:

    Hi yannick,

    I have noticed that the money management is not working. I have set MM – True and Risk 3.0
    but the EA still trades 0.01 lotsize.


    1. Yannick says:

      If your account balance is small, the EA trades the minimum lotSize which in your case is 0.01. What is your account balance?

      1. Noel NObleza says:

        Hi Yannick,

        My starting deposit is $1000, now its already $1200,
        but still the the trades are 0.01. Even though I set AutoMM=True and Risk=3.0.


        1. ichimaster says:

          send me your setup please !

      2. Noel NObleza says:

        Hi Yannick,

        BTW my stoploss is 1000 pips and TP is 100 pips on Daily timeframe.

        1. Yannick says:

          I see. The lotSize is calculated based on the SL. You will lose 3% of your account balance if the SL is hit. If you have a large SL like 1000, it is normal that the lotSize is low. You can increase the MM or set the lotSize manually if you want.

          1. Noel NObleza says:

            Thank you for the reply. I know how now.

  36. ggrobot says:

    Hi Yannick , have you completed this exit strategy so as the trade to exit on real cross of tekan/kijun?

    I see. This exit strategy closes the trade immediately and does not wait for a new candle to confirm the exit. I will split this exit signal into 2 functions. “Instantly” and “Confirmed”. It is on my to-do list. You will receive an e-mail when it’s done.

    i need my trades to begin with cross and end with tekan kijun cross.

    is this on the 2.01 version? if i buy pro it downloads the 2.01?
    thank you

    1. Yannick says:

      I have implemented this more than one year ago. The current version is v2.13. If you purchase the Pro version you will get version v2.13 with the function you mentioned.

  37. mohamed says:

    are there special criteria for EA like ccount type , leverage and so on

  38. ben wellstood says:


    Is is possible to set the TP to simply when you get signal in oppostie direction i.e. the next time conversion and base line cross?


    1. Yannick says:

      Do you mean the ReverseOnOppositeSignal?

      1. ben wellstood says:

        I think so – so you would set a stop loss as usual, but you would just let the trade run, and if it is successful, the trade stops when a new signal is generated but in opposite direction (specifically for Strategy 1: Tenkan/Kijun Cross). That way, you would set a Pip Stop Loss number, but not a Take Profit Pip count number for closing the trade. Or should it still have a TP Pip Count?

        Thank you.

        1. Yannick says:

          No, you do not need to set a TP. Yes, you could use the ReverseOnOppositeSigal or one of the Exit Strategies. But you can also only use a Trailing Function. The Ichimoku EA offers you all these possibilities. Using the Strategy Tester (visual mode), you will be able to quickly visualize the different functions on a chart.

          1. ben wellstood says:

            Thanks. So if I use the ReverseonSignal exit strategy, do I need to input anything into the TP Pip Count part of the EA set-up?


          2. Yannick says:

            The TP has not effect on the ReverseOnOppositeSignal function. You can set a value or set it to zero.

  39. Rem says:


    I am trying basic version of EA.
    Now it trades only 1 position at a time .If I upgrade does it can open few or more positions and keep open until take profit or stop loss hit ?

    1. Yannick says:

      At the moment all version have only one open position at the time.

  40. Prince says:

    Hey Sir

    Before I go in and buy the pro version I just have a few questions which I hope you can answer. I use the ichimoku manually to scalp on 1 and 3 minute chart with private settings which are not default and I use heiken ashi candles. I wanted to know if any of these would affect the EA functionality?

    1. Yannick says:

      It should not affect the EA. But please try the basic version first. If it works, the pro version will also work.

  41. Fabio Marchetti says:

    have you got an myfxbook account?

    thank you in advance

    1. Yannick says:

      No, sorry.

  42. Stephany says:

    Hello! will Ichimoku Kinko Hyo EA 2.0 work on Metatrader 5?


    1. Yannick says:

      No, only on MT4. I plan to make MT5 version of my EAs next year.

  43. John Swinkels says:

    Hi There, I just installed the Pro version. Looks good!
    What happen if you enter more than one entrees and exit strategies?

    – Whatever comes first get executed immediately?
    – Both conditions have to be met before order get executed?

    Pleased to hear. Rgrds. John.

    1. Yannick says:

      It it not possible to select 2 or more strategies at the same time. You have to choose one from a drop down menu.

  44. David says:

    I have downloaded the EA. However, how do I install it to my MT4?

    1. Yannick says:

      Use this.

  45. Cosmin says:


    If i setup Only filter strategy after let’s say a succes buy , EA start another buy…which i don’t want. For example price above kumho filter …EA open buy trades all the time as price is above kumho..but i want only when price breaks up kumho. Does all versions do the same thing?


    1. Yannick says:

      Unfortunately this is how the only filter strategy works. You can’t use SL or TP, since the EA will open a new trade immediately.

  46. Cosi says:

    Can i have full setting for this EA. I change some value and it very bad for my backtest

    1. Yannick says:

      Please use the forum for setting, since I do not provide any for this EA. You’ll find more information about the setting here.

  47. Noel NObleza says:

    Hi Yannick,

    As mentioned in the Glossary of Ichimoku EA, the strategies are for Long or Buy signals oly.

    What about the Sell or short signals? Thanks.

    1. Yannick says:

      The sell (short) signals are also included. They are just the opposite of the long signals.

  48. Henrie says:

    Hello, could you give me the performance of, Metatrader 4 Pro – CHF 49.90.Merci.Hervé

    1. Yannick says:

      Unfortunately, I do not have any statistics about the performance of the EA.

  49. Herve says:

    Hello, I just downloaded Metatrader 4 Basic before buying the PRO.Could you tell me how to use this Basic robot, I put it on MT4 in expert consultant, so that it has access to a maximum of pairs I have to install it on Each pair?
    Is there another thing to do to activate it?
    Are SLs programmed, yes how many PIPS?
    Are setting needs to be changed according to our profile?
    Thank you in advance.

    1. Yannick says:

      You have to attach the EA to any chart you want to trade on. Enable AutoTrading in MT4 and make sure the smiley in the right above corner is smiling. Yes, there is a SL and TP. You can adjust the values. The EA is not pre-optimized so you have to optimize it first.

  50. Manuel Lois says:

    Hi, I just bought the pro version of Ichimoku but cannot backtest it . Is it normal ?

    1. Manuel Lois says:

      Hum sorry, my spread setting wasn’t right that’s why I couln’t test. Now I can.

      Thank you

    2. Yannick says:

      Have you used my guide?

  51. John says:


    I wanted to know if your forex robot is compatible with the FXCM Trading station plateform?

    If no, are you thinking of making it suitable for it and at which price?

    Thank you,

    1. Yannick says:

      No, it only works with their Metatrader 4 platform. I do not make programs for Trading Station.

  52. nigel stroude says:

    can i use this just to be alerted when price breaks out of cloud (1st close above or below on breakout)without entering a trade ? and if so, what settings to achieve this

    1. Yannick says:

      Unfortunately this is not possible by default. This would require a modification.

  53. Matthew says:

    Hi Yannick,

    Is it possible to create a kijun-sen trailing stop?

    It would be a stop which follows the kijun-sen +/- buffer.

    The buffer would be 50% of ATR.


    1. Matthew says:

      It appears this function is already there with “close below/above kijun sen”.

      Is it possible to add a buffer of 50% of ATR to this?

      1. Yannick says:

        I can add this as a custom modification for you.

  54. Noel says:

    Hi Yannick,

    I just want some enlightenment about the Trailing Stop. My settings are these but not sure if its correct pls advice.

    TakeProfit = 100 pips
    Trailing Stop = 50 pips
    WhentoTrail = 15
    TrailingStep = 2

    Is these setting correct? Thank you.

    1. Yannick says:

      Yes this is a valid setting. The TrailingStop will trail the SL 50 pips and starts at 15pips in profit.

  55. andreu says:

    Hi Yannick:

    I am very confused: I use the pro versions of Moving Avarage Cross and Ichimoku. I got first one entry (bull), after some minuts another entry (bull) and up to three entries (bull). I do not mean to trade three opennings at the same time, I only want a single opening for each EA.

    How is it possible and avoit it?

    1. Yannick says:

      Normally the EA only opens one trade at the time. Please contact the support to resolve this.

  56. Noel says:


    Yannick can do Harmonic Patterns if he put hes mind to it. Lets hope he will just do it.

    1. Yannick says:

      The problem is that the name Harmonic Patterns and the name of the Patterns them self are protected. I would have to give it an other name. Also I have to define the pattern more general and cannot use the same conditions as the Harmonic Patterns does. But I’m sure I can make a good indicator 🙂

  57. Noel says:

    Hi Yannick,

    Just hoping you will create an EA based on Harmonic Patterns its getting popularity nowadays. Thanks.

    1. Yannick says:

      First I have to create a Harmonic Patterns indicator, after that I will maybe also make the EA. Will make it, if I have time.

    2. greatness says:

      Quite offtopic, but let me respond anyways…

      It sure is interesting, but 99.99% of the Harmonic Patterns traders never have read the books by Scott Carney, hence most indicators out there or the EA’s don’t work like they should officially.

      Other than that, in real harmonics trading one would at least consider to be looking for confluence, to support the patterns. Most EA’s ignore that and hence have poorer performance than live manual trading.
      Or what about waiting for a retracement before jumping in on a trade…?

      I’m not going to lay out all the details, there are too many….

      If a pattern indicatior would come out her on Quivo one day in the future, I’d certainly want it to be able to scan multiple TF’s at the same time as well as multiple pairs.
      Thanks to the MLM company IML Harmonics trading has been hyped like super crazy.
      They were a pyramid scheme untill authorities told them to break down the pyramid structure…

  58. Noel says:

    Hi Yannick,

    You said no need to set the time to trade because it is controlled by the time filter. My question is The Time filter–Use Timer and Use Local Time are both set to False, Do I need to set them to True?

    1. Yannick says:

      You have to set the UseTimer to true, if you only want to trade based on the time/day you enter below.

  59. Noel says:

    Hi Yannick,

    Can I set off the Take Profit. I want that there will be not Take Profit just Exit strategy. Can I do that?


    1. Yannick says:

      Yes you can do this by settings the TakeProfit to 0.

  60. Noel says:

    Hi Yannick,

    Can I set off Take Profit because I want the Exit strategy will be in control. If the Exit strategy is triggered and closes the trades I will take profit too right?

    1. Yannick says:

      The exit strategy will close the trade regardless if the trade is in profit or not.

  61. Noel says:

    Hi Yannick,

    Do I need to set the Time to trade because in the default settings these paramaters are all set to zeros.

    But I set mine Start hour=0; Start minute=0; End hour=23; End minute=59

    Is this okey?

    1. Yannick says:

      No, you do not have to set this. By default the time filter is deactivated.
      See: https://quivofx.com/school/functions/

  62. Noel Nobleza says:

    Hi Yannick,

    Just a quick question. If I set Trade On New Bar = False, this will place an order right away without waiting for a new bar?

    And about the StopLoss and the Exit strategy who is in control? That’s all for now.

    1. Yannick says:

      Yes for the first question.
      If the signal for the exit strategy occurs, the EA will exit the trade regardless of the StopLoss price.

  63. Andrew says:

    Hi Yannick:

    I would like to see a line drawn from opening trade to close. It would help a lot to understand how it behaves.

    This line is already in use in some other EAs like Blessing.

    Could tell if this possible?


    1. Yannick says:

      I have just programmed a Trade Virtualization Tool. Hope this is what you are looking for.

  64. Andrew says:

    Hi Yannick:

    If I boy the PRO version, can I use it in backtest, demo and real and in different brokers? I mean, if it will work simultanously in several pairs, demo real and several MT4?

    Last: how we do pay?

    Thank you.

    1. Yannick says:

      Yes, it will work on as many live and demo account as you want at the same time.

      You can pay with credit card or paypal.

  65. Noel says:

    Hi Yannick,

    May I ask what strategy with this criteria

    For BUY trade
    Price above the cloud and Chiko span above the cloud and Tenkan Sen Above Kijun Sen?

    For SELL Trade
    Price below the cloud and Chiko span below the cloud and Tenkan Sen below Kijun Sen?

    Thank you Bud.

    1. Yannick says:

      These are all entry filters. Set them to true and use the strategy “Only Filter”.

  66. Noel says:

    Hi Yannick,

    I tested the Ichimoku EA Basic in Strategy tester. I set the strategy to ALL Uptrend/Downtrend. Well, the result is losses with 74 % -76% modelling quality.

    Does this result are much more the same than the Live result because I could not really tell if the Back test is reliable.

    Thanks & Regards,

    1. Yannick says:

      Backtest are never 100% reliable. Please test it first on a demo account.

  67. Noel says:

    Hi Yannick,

    Just one question can I use Ichimoku EA on 4 digits pricing and or ECN accounts?


    1. Yannick says:

      Yes, you can use it on both. If you want to test it before you buy, please download the free version.

  68. Karthikeyan E says:

    Hi Yannick, i installed your indicator in my MT4 but add to chart means it will not added in the chart.Help me to add the indicators.

    1. Yannick says:

      The Ichimoku EA is not an indicator, it’s an Expert Advisor. You have to install it in the MQL4/experts folder. See this manual.

  69. Motsusi Elias Boikanyo says:

    Hello Yannick,

    I just ‘purchased’ the Ichimoku free basic version to use on my demo. Where do I now go and activate it?

    1. Yannick says:

      Here is a manual on how to install an EA.

  70. Alfred says:


    can I use the Pro Version on Renko chart?

    Thanks and BR

    1. Yannick says:

      I’m not very familiar with renko chart. Please try if the basic version works with your renko chart. If it does, the pro will also work.

      1. Hans Oosterveer says:

        I use it with renko charts no problem, I use Pro

  71. sajib says:

    is there any demo version for testing?

    1. Yannick says:

      Feel free to download the basic version to test the entry strategies and entry filters.

  72. damiano says:

    hello , this expert advisor works with micro accounts ?

    1. Yannick says:

      He he does.

  73. mktelis says:

    good work,thanks a lot.

    1. Yannick says:

      Thank you 🙂

  74. Jan says:

    Hi Yannick,

    Just a short question…. does the ea only look for buy orders? or does it also take short orders in a bear market? According to your description it seems it only would work in a bull market.

    All the best,


    1. Yannick says:

      My description is misleading. The EA does also open and close short trades with the with the exact opposite logic 🙂

      1. Jan Ceulemans says:

        Thank you Yannick for your reply. All clear about this one 😉

  75. mohamed telis says:

    Entry strategy
    2. Tenkan-sen/Kijun-sen cross
    The EA trades the Tenkan-sen and Kijun-sen if the Tenkan-sen is above the Kijun-sen.

    Exit strategy
     If Tenkan-sen is below/above Kijun-sen

    The entry is perfect because it started after the TS cross the KS,the exit should be the same also but in fact the exit done before the cross Really happened,and this Really affect my trade because mostly the TS go back again even if it was at the same level of the KS.

    So can you help me at this and make the exit point occurred after the cross Really happened ,i mean for example at the buy trade it will exit only if the level of the TS is below the KS, not above or equal.

    Thanks a lot Yannick.

    1. Yannick says:

      I see. This exit strategy closes the trade immediately and does not wait for a new candle to confirm the exit. I will split this exit signal into 2 functions. “Instantly” and “Confirmed”. It is on my to-do list. You will receive an e-mail when it’s done.

      1. mohamed telis says:

        We wish you good luck as you move on to new and different challenges. we are confident that you have the skills to solve any problem.

        1. Yannick says:

          Thank you 🙂
          You can now download the new version with the functions discussed above.

  76. mohamed telis says:

    done thanx.

    1. Yannick says:

      You’re welcome 🙂

  77. Allen Duhon says:

    I purchased the Advanced version of this EA yesterday and I want to upgrade to the Pro Version. Do I have to pay full price for it or am I able to just pay the difference to upgrade?

    1. Yannick says:

      Yes, you only have to pay the difference. Please send me your purchase id per mail and I will send you the payment link for the difference.

  78. Ahmed says:

    Good work. The EA seems great

    1. Yannick says:

      Thank you 🙂

  79. Yannick says:

    Version 2.01 is now available with 2 new entry filters and 2 new exit strategies. Download it in your account.

  80. Joseph Jeyaseelan says:

    Is there an option to choose one or some of the 7 entry strategies in the paid version?

    1. Yannick says:

      All 7 are available but you can use only choose one per chart. But you can attach the EA several times with different entry strategies. (Just like the basic version)

  81. Oyibo Aghogho Erhiakpore says:

    Hello, how do I make use of the trailing stop and break even point?

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