Ichimoku Kinko Hyo technical indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts. When defining the dimension of parameters, four time intervals of different length are used. Ichimoku EA Features. All of the Ichimoku Kinko Hyo EA settings are customisable. The Ichimoku robot can send Ichimoku signals and trade automatically. Keep full control over your money management. The Ichimoku EA MQL4 is developed for the MT4 platform. The Ichimoku MT4 EA can be used on any MT4 forex broker. If you are a day trader or scalper, then you can use Ichimoku on a shorter timeframe from a 1-minute chart, up to six hours. Conversely, if you are a longer-term trader such as myself, you can use Ichimoku on the daily or weekly charts. A lot of times it helps if you zoom in and out of charts to get a better understanding of the market A break in the Cloud is seen as a signal to enter a trade, since this is a confirmation that the market trades in an uptrend/downtrend. The most important functions of the Ichimoku indicator is to identify trend direction and generate trading signals. As you will see, Kumo also changes colours based on the trend direction. .

how does ichimoku kinko hyo work