Exp_ICHI_OSC
This EA trades based on the Ichimoku Kinko Hyo indicator combined with an oscillator filter. It enters long positions when price is above the Ichimoku cloud and the oscillator confirms bullish momentum, and enters short positions when price is below the cloud with bearish oscillator confirmation.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
Why this EA never traded: the entry waits for a crossing that cannot happen (for example a price-based indicator crossing zero).
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The strategy concept is based on the Ichimoku Kinko Hyo indicator's trend identification capability, combined with an oscillator as an entry filter. For entry conditions, long positions require price above the Ichimoku cloud with a bullish oscillator signal, while short positions require price below the cloud with a bearish oscillator confirmation; the Tenkan-Sen/Kijun-Sen crossover may also serve as an auxiliary entry trigger. Exit conditions include price crossing the cloud, oscillator reversal signals, and stop-loss or take-profit hits. Position sizing uses either fixed lots or an equity-proportional lot calculation method. Money management features stop-loss and take-profit parameters, but the degree of risk control depends on parameter settings, lacking dynamic position adjustment mechanisms. The overall strategy logic is clear and represents a typical trend-following system, but it may generate numerous false signals in ranging markets.
Strengths
- Ichimoku is a multi-dimensional trend indicator providing support/resistance, trend direction, and momentum information simultaneously
- Oscillator filter reduces false signals and improves entry quality
- Clear and understandable strategy logic with intuitive parameters for optimization
- Built-in stop-loss and take-profit settings provide basic risk management
Weaknesses
- Trend-following systems are prone to consecutive losses in ranging markets
- Lacks dynamic position sizing mechanism, unable to adapt to market volatility changes
- Fixed oscillator parameters may become ineffective under varying market conditions
- May lack new bar detection, potentially opening multiple positions within the same bar
- No spread filter included, which can be disadvantageous in high-spread environments
Possible improvements
- Add new bar detection mechanism to prevent repeated trading within the same bar
- Implement volatility-adaptive dynamic position sizing
- Add ranging/trending market identification to reduce trade frequency in choppy markets
- Include spread filter and trading session restrictions
Risk assessment
Overall risk: Medium
- Trend strategy may produce consecutive losses in ranging markets
- Lack of new bar detection may cause duplicate position openings
- Fixed stop-loss may not adapt to different volatility environments
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size per trade |
StopLoss | 50 | Stop loss in points, limits max loss per trade |
TakeProfit | 100 | Take profit in points, locks profit target per trade |
IchimokuTenkan | 9 | Ichimoku conversion line period |
IchimokuKijun | 26 | Ichimoku base line period |
IchimokuSenkou | 52 | Ichimoku leading span B period |
OscillatorPeriod | 14 | Oscillator period |
MagicNumber | 12345 | Magic number for closing, 0 for all positions |
Timeframe | H1 | RSI timeframe, 0 for current chart period |
Similar Trend Following EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.