Ichimoku ATR ADX Trading Bot for cTrader

This cTrader cBot is an automated trading strategy based on the Ichimoku Kinko Hyo indicator, ATR-based risk management, and an ADX trend-strength filter. The bot is designed to trade only when market conditions show directional momentum and price is positioned clearly relative to the Ichimoku cloud.

The strategy uses Tenkan-Sen and Kijun-Sen alignment to identify bullish or bearish momentum, while the Ichimoku cloud acts as a trend confirmation filter. Long positions are opened when price closes above the cloud and Tenkan-Sen is above Kijun-Sen. Short positions are opened when price closes below the cloud and Tenkan-Sen is below Kijun-Sen.

To avoid low-quality entries, the bot includes several market filters. It trades only during a configurable UTC trading session, avoids trading when the spread exceeds the maximum allowed value, and can limit trading to one position per day. The ADX filter helps ensure that trades are taken only when the market has sufficient trend strength.

Stop Loss and Take Profit levels are calculated dynamically using the Average True Range indicator. This allows the bot to adapt its risk and reward targets to current market volatility instead of using fixed pip distances.

The bot also supports trade direction control, allowing the user to trade both long and short positions, only long positions, or only short positions. Open positions can be closed automatically when Tenkan-Sen and Kijun-Sen reverse against the trade direction.

Key Features

• Ichimoku-based trend-following logic
• Long entries above the Ichimoku cloud
• Short entries below the Ichimoku cloud
• Tenkan-Sen and Kijun-Sen momentum confirmation
• ATR-based Stop Loss and Take Profit
• ADX trend-strength filter
• Configurable trading session in UTC
• Maximum spread protection
• Optional one-trade-per-day limit
• Direction filter: both directions, long only, or short only
• Automatic exit on Tenkan/Kijun reversal
• Configurable lot size and indicator parameters

Entry Conditions

A long position is opened when:

• Trading long positions is allowed
• No existing long position is detected
• Price closes above the Ichimoku cloud
• Tenkan-Sen is above Kijun-Sen
• ADX is above the minimum required level
• Spread is within the allowed limit
• The current time is inside the configured trading session

A short position is opened when:

• Trading short positions is allowed
• No existing short position is detected
• Price closes below the Ichimoku cloud
• Tenkan-Sen is below Kijun-Sen
• ADX is above the minimum required level
• Spread is within the allowed limit
• The current time is inside the configured trading session

Exit Logic

The bot closes long positions when Tenkan-Sen crosses below Kijun-Sen.

The bot closes short positions when Tenkan-Sen crosses above Kijun-Sen.

In addition, each trade is protected by an ATR-based Stop Loss and Take Profit.

Risk Management

The bot calculates trade volume based on the selected lot size and normalizes it according to the symbol’s allowed volume rules. Stop Loss and Take Profit are calculated using ATR multipliers, making the strategy more adaptive to changing volatility conditions.

Parameters

• Lots — trade size in lots
• Tenkan — Tenkan-Sen period
• Kijun — Kijun-Sen period
• Senkou B — Senkou Span B period
• ATR Period — period used for ATR calculation
• SL ATR Multiplier — multiplier used to calculate Stop Loss distance
• TP ATR Multiplier — multiplier used to calculate Take Profit distance
• ADX Period — period used for ADX calculation
• Min ADX — minimum ADX value required to allow trading
• Start Hour UTC — beginning of the allowed trading session
• End Hour UTC — end of the allowed trading session
• Max Spread (pips) — maximum allowed spread
• One Trade Per Day — limits the bot to one trade per day
• Trade Direction — allows both directions, only long trades, or only short trades

Strategy Type

This is a trend-following strategy designed for markets with clear directional movement. It is not intended for ranging or low-volatility conditions. The ADX filter, spread filter, session filter, and Ichimoku cloud confirmation are used to reduce false signals and avoid poor market environments.

Disclaimer

This cBot is intended for educational and research purposes only. Past performance does not guarantee future results. Trading involves risk, and this strategy should be thoroughly backtested and tested on a demo account before being used on a live account.