In this post I will be reviewing the Nagachika Expert Advisor for the free to download MetaTrader 4 trading platform. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Nagachika Expert Advisor Trading Strategy
The Nagachika Expert Advisor trades on the EURUSD, AUDUSD & USDCHF currency pairs and the 1 hour time frame. This is a good selection of major currency pairs which usually have low spreads and plenty of liquidity for fast trade execution.
The Nagachika Expert Advisor implements the Ichimoku technical indicator for trade analysis which helps to detect the market direction and therefore allow the Nagachika Expert Advisor to enter with the trend. Of course, the exact science behind entry and exit criteria is secret as the developer does not want to give it away.
There is no dangerous money management techniques implemented, such as hedging, martingale or grids and there is an option averaging in option which is not required but can be used should you wish to experiment. Otherwise, the Nagachika Expert Advisor is ready to use straight out of the box.
Nagachika Expert Advisor Back Testing
There are no Nagachika Expert Advisor back tests available at this time.
Nagachika Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Nagachika Expert Advisor Summary
I am very intrigued by the Ichimoku concept that the Nagachika Expert Advisor uses. It comes with full support, free updates and detailed instructions for a fast and easy setup. Free setup via team viewer is also offered.