The Koi Trader Pro is an automated trading robot that is designed to execute trades in the forex market. The system is tailored for Trend Following, which involves identifying the direction of the market and trading in accordance with it. The EA operates during the Asian Session, which tries to generate trades on the price movements that occur during this period. Unlike other trading systems that rely on outdated indicators and patterns, Koi Trader Pro analyses the market trend and utilizes it to enter the market.
Koi Trader Pro EA Strategy
The strategy employed by Koi Trader Pro EA is centered on the Ichimoku Indicator, a tool for identifying market trends.
Ichimoku Indicator is a technical analysis tool used to identify trends in the financial markets. The indicator is based on several moving averages, which are used to generate signals for buying and selling. In the context of Koi Trader Pro EA, Ichimoku Indicator is a key component of the overall trading strategy.
The EA uses Ichimoku Indicator to identify the dominant trend in the market and to make trading decisions accordingly. Specifically, the EA examines the interaction between the indicator’s various components, such as the Kijun-sen and Tenkan-sen lines, to determine the trend’s direction.
Overall, Ichimoku Indicator is an essential component of Koi Trader Pro EA’s trading strategy, tries to enabling the EA to identify and respond to trends in the market.
Koi Trader Pro EA Features
- Requires a minimum account balance of $2000 or equivalent cent account to operate, according to the developer.
- Designed to work best on USDJPY and EURJPY currency pairs, recommended by the developer.
- Optimized for 1-minute time frames for maximum trading opportunities, according to the developer.
- Requires a low spread ECN account to minimize trading costs and improve opportunities.
- Includes a News Filter feature that can be enabled to avoid trading during high-impact news events that can cause market volatility.
Koi Trader Pro EA Settings
- Lot: lot amount with autolot disabled
- Autolot: Enable autolot or disable it
- Risk: risk for autolot calculation
- Magic Number: id for identify Ea orders
- Spread Allowed: spread limit, over no trade will be open
- Ichimoku Tenkan-Sen Period: Indicator Ichimoku Tenkan-Sen Period
- Ichimoku Kijun-Sen Period: Indicator Ichimoku Kijun-Sen Period
- Ichimoku Senkou Span B Period: Indicator Ichimoku Senkou Span B Period
- Ichimoku Timeframe: Ichimoku apply timeframe
- Monday: Enable trading on this Day
- Friday: Enable trading on this Day
- Enable Buy: Enable Buy Trade
- Enable Sell: Enable Sell Trade
- One trade for one bar: only one trade for each bar
- Order Timeframe: Timeframe for Ea First order
- Max Orders: Maximum number of orders
- Coeff Sum: Position increase coeff
- Minimum Distance: Minimum Distance For secondary Positions
- One Trade Bar Grid: if true, robot can open only one trade for bar for grid orders.
- Timeframe Secondary Order: Timeframe for secondary Trades.
- Take Profit: take profit for orders
- Modify Take Profit for First Order: Use a different take profit for the first order
- Take Profit for first order: take profit for first order
- Close only end of bar: close trades only at the end of M1 bar
- Enable Money Max Loss: Enable Loss Limit in money
- Every Microlot: Moltiply the amount of “money max loss” x 100 x lot
- Stop Trading When Hit: Stop Trading when you hit max loss
- Maximum Monetary loss: Maximum Monetary Loss amount
- Close Friday: Close all trades on Friday, only if they are in profit, and do not open any others.
- Close Friday Hour: closing time on Friday
- Trade Comment: trades comments
- Broker Utc: Broker utc time (usually 2)
- Enable News Filter: Switch to false for disable news filter or to true for enable it.
- Pause After News in minuts: Trading pause after news in minuts
- Pause Before News in minuts: Trading pause before news in minuts
- Enable High Impact News: Switch to true for stop trading in high impact news
- Enable Medium Impact News: Switch to true for stop trading in medium impact news
- Enable Low Impact News: Switch to true for stop trading in low impact news
- Broker Gmt Offset: Broker current gmt.
Koi Trader Pro EA Summary
Overall, the Koi Trader Pro EA analyzes the interaction between the various components of the Ichimoku Indicator to determine the direction of the trend and make trading decisions accordingly.
However, it’s important to note that while Koi Trader Pro EA can improve the chances of profitable trades, there is no guarantee of profit, and traders should always exercise caution when trading in the forex market. It’s advisable to test the EA on a demo account first to evaluate its performance before using it on a live trading account.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.