IchiScalpGold EA MT5 (Official version) | Unbounded

Product Overview

IchiScalpGold EA MT5 is an automated trading robot for MetaTrader 5 built around the Ichimoku indicator, designed for traders looking to capitalize on gold market trends and short-term trading opportunities.

The EA combines Ichimoku-based entry logic with configurable Take Profit (TP), Stop Loss (SL), and lot size settings. Its trade-limiting mechanism uses cross-trigger conditions to help control the number of open positions and reduce the risk of excessive trade accumulation.

IchiScalpGold EA MT5 is particularly suited to traders who actively monitor market conditions and prefer to operate during the European trading session. Rather than running continuously without supervision, the developer recommends using the EA when the broader market trend is bullish and pausing it during bearish conditions.

The EA can be configured across multiple timeframes, from M1 to H4, allowing traders to adapt their setup to different trading styles and market conditions.

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About the Developer

• Author: Adriano Cali
• Experience: Over 2 years of experience on MQL5.
• Notable Products: IchiScalpGold EA MT5, Phage the Ichi gold prop EA MT5  and other advisors.
• Flagship Product:  IchiScalpGold EA MT5  is rated as the best performing product of the year.

> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Reviewed by Jason Stap <<<

Key Features of IchiScalpGold EA MT5

1. Ichimoku-Based Trading Strategy

The EA uses the Ichimoku indicator as the foundation of its trading logic. Ichimoku helps traders assess trend direction, momentum, and potential support and resistance areas.

The developer recommends checking the broader trend before activating the EA, particularly the Ichimoku trend conditions on the daily (D1) timeframe.

2. Configurable Take Profit and Stop Loss

IchiScalpGold EA MT5 allows users to adjust key trade-management parameters according to their preferences, including:

• Take Profit (TP): Define the intended profit target for each trade.
• Stop Loss (SL): Set a predefined level for limiting losses.
• Lot Size: Choose a position size appropriate for account equity and risk tolerance.

These options provide flexibility for traders who want to tailor the EA to their account and trading approach.

3. Automatic Trade-Limiting Mechanism

The EA includes a trade-limiting system based on cross-trigger conditions. This feature is designed to regulate trade entries and help prevent an excessive number of positions from accumulating.

Although this mechanism can help control trade frequency, it should not be interpreted as a guarantee against large drawdowns or trading losses.

4. Multiple Timeframe Compatibility

According to the developer, IchiScalpGold EA MT5 can be configured for use across several timeframes, from M1 to H4.

Different timeframes can produce different trading frequencies and exposure to market noise. Traders should test each configuration individually rather than assume that results will be identical across all timeframes.

5. European Session Focus

The developer identifies the European trading session as the preferred operating period. Gold volatility, liquidity, spreads, and execution conditions can change throughout the day, making session selection an important part of the setup.

Traders should verify their broker’s server time and determine the corresponding European session hours before configuring any trading schedule.

6. Designed for Active Market Monitoring

IchiScalpGold EA MT5 is not intended to be left running unattended around the clock. The developer recommends activating it during favorable bullish conditions and pausing it when market conditions become bearish.

This operating approach requires the user to monitor the broader trend and manage when the EA is active.

How Does IchiScalpGold EA MT5 Work?

The EA’s trading approach is based on Ichimoku cross signals and trend conditions. A practical operating workflow is as follows:

Step 1: Analyze the Higher-Timeframe Trend

Before activating the EA, review the daily chart using Ichimoku. The developer advises avoiding operation when the D1 chart shows a bearish cross trend.

Step 2: Identify Favorable Bullish Conditions

Activate the EA when the broader market structure and Ichimoku signals support a bullish environment, in accordance with the developer’s recommended approach.

Step 3: Configure Trading Parameters

Set the desired lot size, Take Profit, and Stop Loss. These values should reflect your account size, risk tolerance, broker conditions, and testing results.

Step 4: Select the Trading Timeframe

Choose a timeframe between M1 and H4 and test the configuration with your broker’s data. Shorter timeframes may generate more signals and can be more sensitive to spread and execution delays.

Step 5: Monitor and Pause When Conditions Change

Monitor the broader trend while the EA is operating. If the market turns bearish or the higher-timeframe Ichimoku conditions no longer meet your criteria, pause the EA as recommended by the developer.

Important: The precise entry rules, cross definitions, and internal trade-management logic should be verified against the EA’s documentation and observed behavior. Ichimoku signals can lag or produce false signals in ranging and rapidly changing markets.

Recommended Settings and Trading Conditions

The following recommendations are based on the developer’s stated guidance. They are starting points for testing, not guarantees of profitability.

Account Balance and Testing

The developer reports testing the EA on accounts with balances of approximately $1,500 and $5,000, describing the results as excellent. However, no independently verified performance figures, drawdown statistics, test reports, or live-account records were provided with this description.

These account balances should therefore be treated as reported testing examples, not as minimum capital requirements or evidence that the EA will perform similarly on another account.

Before using real funds, test the EA on your own broker’s data and evaluate its performance under different market conditions.

Why Choose IchiScalpGold EA MT5?

• Ichimoku-based logic: Uses a widely recognized technical-analysis framework to assess trend and cross conditions.
• Flexible risk parameters: Allows users to configure lot size, Take Profit, and Stop Loss.
• Trade-frequency controls: Includes a cross-trigger mechanism designed to limit excessive position accumulation.
• Multiple timeframe options: Supports testing and configuration across a range from M1 to H4, according to the developer.
• Session-based operation: Focuses on the European session rather than requiring continuous operation.
• Active trend management: Encourages users to consider higher-timeframe market direction before running the EA.

IchiScalpGold EA MT5 may suit traders who understand Ichimoku analysis and are comfortable monitoring market conditions instead of relying entirely on unattended automation.

IchiScalpGold EA MT5 Verified Profitable By MyFxBook

• Initial Deposit: $1.500
• Total Gain: +49.22%
• Average Daily Profit: 2.25%
• Average Monthly Profit: 49.22%
• Maximum Drawdown: 20.58%

IchiScalpGold EA MT5 Myfxbook

• Initial Deposit: $5.000
• Total Gain: +71.58%
• Average Daily Profit: 2.88%
• Average Monthly Profit: 71.57%
• Maximum Drawdown: 15.46%

IchiScalpGold EA MT5 Myfxbook Results

Performance and Risk Management

The developer reports positive testing results on accounts of approximately $1,500 and $5,000. These claims should be evaluated alongside detailed testing data before any purchase or live deployment decision.

To assess the EA more thoroughly, review:

• Net profit and percentage return.
• Maximum drawdown and recovery period.
• Profit factor and win rate.
• Average profit compared with average loss.
• Number of trades and exposure during adverse market conditions.
• Sensitivity to spreads, commissions, slippage, and execution speed.
• Results across different market regimes and timeframe configurations.

A profitable backtest or a positive result on one account does not establish that the EA will remain profitable in the future. Test with realistic trading costs and consider forward testing on a demo account before moving to live trading.

Risk-management reminder: Configurable Stop Loss and lot size can help manage exposure, but they do not eliminate the possibility of losses. Choose position sizes based on the amount you can afford to lose, and avoid increasing lot size simply to pursue higher returns.

Potential Weaknesses and Risks

1. Requires Manual Supervision

The developer explicitly states that the EA should not be left running 24/7 without manual support. Traders who want a completely unattended system may find this operating requirement inconvenient.

2. Dependence on Market Direction

The recommended approach favors bullish conditions and advises pausing during bearish conditions. Incorrect trend assessments or sudden reversals may lead to unfavorable entries.

3. Ichimoku Signals Are Not Infallible

Like other technical-analysis methods, Ichimoku can produce false signals, especially in sideways markets or during abrupt volatility changes. No indicator can predict market direction with certainty.

4. Results May Vary Across Timeframes

The EA is described as suitable for multiple timeframes, but trading frequency, signal quality, transaction costs, and drawdown can vary substantially between M1 and H4. Each timeframe should be evaluated separately.

5. Reported Performance Is Not Independently Verified

The stated tests on $1,500 and $5,000 accounts are developer-reported results. Without detailed reports and verified live trading history, future profitability cannot be established.

Pros and Cons

Pros

• Uses Ichimoku-based trading logic.
• Offers configurable TP, SL, and lot size.
• Includes a mechanism intended to limit excessive trade entries.
• Supports multiple timeframe configurations, according to the developer.
• Designed around a preferred European-session trading schedule.
• Encourages higher-timeframe trend assessment.

Cons

• Requires active monitoring and manual intervention.
• The recommended approach is sensitive to trend conditions.
• False Ichimoku signals can occur.
• Performance may differ across brokers, timeframes, and market conditions.
• The reported account tests do not guarantee future results.

How to Install IchiScalpGold EA MT5

setting

1. Download the IchiScalpGold EA MT5 file from your purchase source.
2. Open MetaTrader 5.
3. Select File → Open Data Folder.
4. Navigate to MQL5 → Experts.
5. Copy the EA file into the Experts folder.
6. Restart MetaTrader 5 or refresh the Expert Advisors section in the Navigator panel.
7. Open the chart for the supported trading symbol and select your preferred timeframe.
8. Attach the EA to the chart and configure the available parameters.
9. Enable algorithmic trading if required by the EA.
10. Verify the settings and monitor its behavior on a demo account before using real funds.

Menu names and file formats may vary slightly depending on the MetaTrader 5 installation and the file supplied by the seller.

What’s Included in the Download Package?

• Experts:IchiScalpGold EA.ex5

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Final Thoughts

IchiScalpGold EA MT5 is an Ichimoku-based automated trading tool intended for traders who want configurable trade management and a trend-focused operating approach. Its cross-trigger trade limits, adjustable TP and SL, and multiple timeframe options offer flexibility for testing different setups.

However, this EA is not presented as a fully unattended, always-on trading solution. The developer recommends focusing on favorable bullish conditions, reviewing the daily Ichimoku trend, and pausing the system when bearish conditions develop.

For the best evaluation, test the EA using realistic broker conditions, examine drawdown as carefully as profit, and confirm that its behavior matches your trading plan before deploying it on a live account.

Trading involves risk. Automated systems can lose money, and historical or developer-reported results do not guarantee future performance.