Ichimoku Retracement EA: Entry Timing and Risk Controls

Summary

This listing describes an automated trading system that seeks entries on retracements from Ichimoku levels. It says the system uses the current candle’s opening price and can run on multiple timeframes across major forex pairs and Nasdaq-listed stocks. Its settings cover fixed or money- and percentage-based profit targets, trailing stops, break-even behavior, and closing trades when the trend turns against the position.

Risk and exposure controls include lot size, maximum trade count, an equity stop, and an option to increase position size after a losing trade. The listing advises using a demo account first and provides suggested setting ranges, but it does not explain the precise entry logic, how Ichimoku levels are selected, or how settings interact. It reports no backtest, live results, drawdown history, or transaction-cost assumptions. Consequently, the description is useful as an overview of the EA’s stated features, but it is insufficient to assess its performance or risk in a particular market.

Key ideas

• The EA is described as entering trades on retracements from Ichimoku levels.
• It is said to trade using the current candle’s opening price across multiple timeframes.
• Settings include profit targets, trailing stops, break-even behavior, and trend-based exits.
• Lot sizing, maximum trades, equity stops, and loss-based lot increases are configurable.
• The listing provides no performance evidence or detailed account of its entry rules.

Tags

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