Expert Ichimoku

This EA employs the classic Ichimoku Kinko Hyo system for trend-following trading. For entry conditions, a long signal requires price to be above the Kumo (cloud) and the Tenkan-sen to cross above the Kijun-sen (golden cross), while a short signal requires price below the cloud and the Tenkan-sen to cross below the Kijun-sen (death cross). The cloud itself acts as a support/resistance zone and confirms trend strength — thicker clouds indicate more robust trends. Exit conditions typically rely on opposing Tenkan/Kijun crosses or price crossing back through the cloud boundary. For position sizing, the EA likely uses either fixed lots or balance-proportional lot calculation. In terms of money management, since Ichimoku is inherently a medium-to-long-term trend-following system, stop losses are typically placed on the opposite side of the cloud, though the exact implementation depends on parameter configuration. The strategy's strength lies in its multi-dimensional trend confirmation, which helps avoid false breakouts from single indicators, but its weakness is the tendency to generate frequent false signals in ranging markets.