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ADX and Ichimoku Trend Signals with Margin-Based Risk Sizing

Article MQL5 code base

Summary

This document describes an Expert Advisor that combines Wilder’s ADX with Ichimoku Kinko Hyo to detect trend direction. It also says position size is calculated from a percentage of margin risk. The stated settings use a configurable ADX timeframe, defaulting to one minute, while Ichimoku calculations and the close price used in trend detection are fixed to the hourly timeframe.

The excerpt offers implementation details about these timeframe choices, but no entry or exit rules, parameter rationale, backtest, or performance evidence. The mixed timeframes may affect how signals align, and the margin-based sizing description is too brief to establish how risk is measured or controlled. The notes therefore outline the indicator framework rather than a complete, assessable trading system.

Key ideas

  • The Expert Advisor combines Wilder’s ADX and Ichimoku Kinko Hyo to identify trend direction.
  • Position size is described as being based on a percentage of margin risk.
  • The ADX timeframe is configurable and defaults to one minute.
  • Ichimoku calculations and the close price used for trend detection are fixed to the hourly timeframe.
  • The excerpt does not specify complete trading rules or provide performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.