The world of automated trading has transformed the way traders participate in the forex market. Expert Advisors (EAs) allow traders to execute strategies automatically without emotional interference, making algorithmic trading accessible to both beginners and experienced investors. One such automated system designed for MetaTrader 5 is the Ichimoku Amarokai EA V1.0 MT5.
As the name suggests, this Expert Advisor is built around the powerful Ichimoku Kinko Hyo indicator. Ichimoku is a comprehensive technical analysis system that identifies trend direction, momentum, and potential support and resistance levels within a single framework. The Ichimoku Amarokai EA aims to automate this logic and convert it into structured, rule-based trading decisions.
In this detailed review, we will examine how the Ichimoku Amarokai EA V1.0 MT5 works, its trading strategy, risk management structure, recommended settings, historical performance behavior, advantages, limitations, and the type of traders it is best suited for. This guide is written in clear, beginner-friendly language while maintaining professional depth, helping you make an informed decision before using it in live trading.
What is Ichimoku Amarokai EA V1.0 MT5?
Ichimoku Amarokai EA V1.0 MT5 is an automated trading robot developed for the MetaTrader 5 platform. It is designed to analyze market trends using the Ichimoku indicator and execute trades based on predefined algorithmic rules.
MetaTrader 5 (MT5) is a multi-asset trading platform widely used for forex, commodities, indices, and cryptocurrencies. The EA operates within this platform, continuously scanning the market and placing trades when its strategy conditions are met.
The core objective of this EA is to capture trend-based opportunities. Ichimoku systems are particularly effective in identifying strong directional moves, which makes this EA primarily trend-following in nature. Instead of relying on multiple external indicators, it focuses on the internal structure of Ichimoku to determine entries and exits.
How the Ichimoku Amarokai EA Works
To understand how this EA functions, it is important to briefly explain the Ichimoku indicator itself. Ichimoku consists of five main components:
- Tenkan-sen (Conversion Line)
- Kijun-sen (Base Line)
- Senkou Span A
- Senkou Span B
- Chikou Span (Lagging Line)
These components together form what is commonly called the “Ichimoku Cloud” or “Kumo.” The cloud visually represents support and resistance zones and helps determine whether the market is trending or ranging.
Core Trading Logic
The Ichimoku Amarokai EA likely uses combinations of the following conditions:
- Price above the cloud for bullish bias
- Price below the cloud for bearish bias
- Tenkan-sen crossing above Kijun-sen as a buy signal
- Tenkan-sen crossing below Kijun-sen as a sell signal
- Chikou confirmation to avoid weak signals
When all required conditions align, the EA executes a trade automatically. It also sets stop-loss and take-profit levels based on predefined rules or dynamic calculations.
Trade Exit Strategy
Exits may occur under several scenarios:
- Opposite signal formation
- Price returning inside the cloud
- Fixed stop-loss or take-profit hit
- Trailing stop activation
Because Ichimoku systems focus on trend continuation, trades are typically allowed to run while the trend remains intact. This approach aims to capture medium to large price movements rather than short scalping profits.
Trading Strategy Overview
The Ichimoku Amarokai EA V1.0 MT5 is fundamentally a trend-following system. Trend-following strategies are popular because they aim to align with the strongest market force rather than predicting reversals.
Market Conditions It Prefers
- Clear bullish or bearish trends
- Strong momentum phases
- Breakouts from consolidation
- Markets with consistent volatility
Market Conditions Where It May Struggle
- Sideways or ranging markets
- Low-volatility sessions
- High-impact news spikes causing sudden reversals
Because Ichimoku is a lagging indicator system, it confirms trends rather than predicts them. This reduces false entries but may result in slightly delayed trade execution.
Risk Management Structure
Risk management is one of the most important aspects of any automated trading system. The Ichimoku Amarokai EA reportedly includes multiple lot sizing modes, such as:
- Fixed lot size
- Step-based lot adjustment
- Automatic lot sizing based on account balance
Fixed Lot Mode
This is the safest and most beginner-friendly mode. It keeps position sizes constant regardless of account growth or losses. This helps maintain consistent exposure.
Automatic Lot Mode
This adjusts lot sizes based on account equity. While it can accelerate growth during winning streaks, it may also increase drawdowns during losing periods.
Stop-Loss and Take-Profit
A structured stop-loss is critical in trend systems. The EA likely uses either:
- Fixed pip stop-loss
- Dynamic stop based on Kijun-sen
- Volatility-based stop
Proper stop placement protects the account from deep losses during sudden market reversals.
Ideal User Type
The Ichimoku Amarokai EA is best suited for:
- Traders who prefer trend-following strategies
- Traders who want a rule-based system without manual intervention
- Users familiar with MT5 platform
- Individuals who understand risk management
It may not be ideal for traders seeking ultra-short scalping strategies or those expecting daily guaranteed profits.
Key Features of Ichimoku Amarokai EA V1.0 MT5
1. Pure Ichimoku Strategy
The EA focuses on a structured Ichimoku-based system rather than mixing too many indicators. This maintains clarity and avoids conflicting signals.
2. Automated Execution
The EA eliminates emotional decision-making. It monitors the market continuously and executes trades instantly when conditions are met.
3. Multiple Lot Management Modes
Flexible lot sizing makes it adaptable for conservative and moderate-risk traders.
4. Customizable Time Filters
Time filters help restrict trading to specific sessions, reducing exposure during unstable periods.
5. Optimized for MT5
Built specifically for MetaTrader 5, it benefits from faster execution and multi-threaded backtesting capabilities.
Recommended Settings
For Beginners (Low Risk Profile):
- Timeframe: H1 or H4
- Fixed Lot: 0.01 per $1000 balance
- Risk per trade: 1% or less
- Avoid trading during major news
- Enable moderate trailing stop
For Moderate Risk Traders:
- Timeframe: H1
- Risk per trade: 1–2%
- Partial trailing stop activation
- Use automatic lot sizing cautiously
Avoid high-risk configurations such as:
- More than 3% risk per trade
- Aggressive lot scaling
- Trading during high-impact economic releases
Proper configuration significantly improves long-term stability.
Backtesting Results (Realistic Overview)
Backtesting is essential to evaluate any EA. While exact performance depends on broker conditions and settings, trend-following Ichimoku systems typically show the following behavior:
Win Rate
Trend systems usually have moderate win rates ranging between 45% and 65%. However, profitability often comes from larger winning trades compared to losing trades.
Profit Factor
A realistic profit factor for a stable Ichimoku EA may range between 1.2 and 1.8 under optimized conditions.
Drawdown Profile
Drawdown periods can occur during extended ranging markets. Maximum drawdown may range between 10% and 30%, depending on risk settings.
It is important to understand that no EA performs consistently every month. Trend strategies often show cycles:
- Strong profit months during trending phases
- Flat or slightly negative months during consolidation
Always conduct your own backtesting using your broker’s historical data before trading live.
Advantages of Ichimoku Amarokai EA V1.0 MT5
1. Structured and Transparent Strategy
Ichimoku logic is widely understood and respected in technical analysis. This makes the strategy easier to evaluate.
2. Suitable for Swing and Intraday Trading
Depending on timeframe, it can capture medium-term trends effectively.
3. Emotion-Free Trading
Automated systems remove fear and greed from decision-making.
4. Flexible Risk Control
Multiple lot management options allow users to adjust exposure.
5. Clear Trend Focus
Trend alignment reduces random trading behavior.
Disadvantages and Limitations
1. Weak Performance in Ranging Markets
Ichimoku-based systems often generate false signals when the market lacks direction.
2. Delayed Entries
As a confirmation-based system, it may enter after a portion of the move has already occurred.
3. Requires Proper Broker Conditions
High spreads and slippage can negatively impact performance.
4. Not News-Proof
Major economic releases can trigger stop-losses before trend continuation.
5. Over-Optimization Risk
Aggressive parameter optimization may produce unrealistic backtest results.
Practical Risk vs Reward Expectation
Traders should approach this EA with realistic expectations:
- It is not a guaranteed income tool.
- It may experience losing streaks.
- Profit consistency depends on market trends.
With conservative risk settings, it may provide steady growth over time. With aggressive settings, volatility and drawdown increase significantly.
Is It Worth Using in Real Trading?
The Ichimoku Amarokai EA V1.0 MT5 can be worth considering under the following conditions:
- You understand trend-following systems.
- You use conservative risk management.
- You forward test before going live.
- You avoid overleveraging.
It is more suitable for intermediate traders who understand drawdown cycles, but beginners can also use it with small fixed lot sizes and strict discipline.
Overall Reliability
The reliability of any EA depends on:
- Strategy robustness
- Broker execution quality
- Risk management settings
- Market conditions
Ichimoku-based strategies have been used for decades, which gives credibility to the underlying logic. However, no automated system is immune to market uncertainty.
Final Conclusion
The Ichimoku Amarokai EA V1.0 MT5 is a trend-focused Expert Advisor built around the classic Ichimoku indicator. Its strength lies in structured trend identification and automated execution within the MetaTrader 5 platform.
From a professional perspective, it offers a logical framework suitable for traders who prefer systematic trading over discretionary analysis. Its multiple lot sizing modes allow customization according to risk tolerance.
In terms of risk versus reward, the EA provides moderate growth potential when used conservatively. It is not designed for aggressive account flipping or unrealistic profit expectations. Instead, it aims for structured participation in trending markets.
Beginners can use it with fixed lot settings and minimal risk exposure. Intermediate traders may explore dynamic lot sizing with caution. Advanced traders can integrate it as part of a diversified portfolio of automated systems.
Ultimately, whether it is worth using in live trading depends on personal testing, proper capital allocation, and disciplined risk management. Used responsibly, it can serve as a structured tool within a broader trading plan.
Support & Disclaimer
Support
If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:
WhatsApp: Click here
Telegram Group: Join our community
Disclaimer: Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.
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