ICT UNO V2
Welcome to your ICT UNO V2 Expert Advisor (EA) for MetaTrader 4. This EA is designed to automate specific trading strategies based on concepts often associated with Inner Circle Trader (ICT) methodologies, alongside other quantitative approaches. Its goal is to identify potential trading opportunities based on predefined rules and manage trades from entry to exit.
How It Works
What is this EA?
The ICT UNO V2 is an automated trading system. It monitors market price action according to the selected strategy (UNO Enhanced, ICT KillZone, Gold UNO, or all combined) and executes trades when specific conditions are met. It also includes features for risk management, trade management (Stop Loss, Take Profit, Break Even, Trailing Stop), and optional loss recovery.
Target Audience & Required Knowledge
This EA is intended for Forex traders who:
- Are familiar with the MetaTrader 4 platform.
- Understand basic trading concepts like pips, spread, leverage, Stop Loss, Take Profit, and order types.
- Have some understanding of technical analysis concepts (Highs, Lows, Moving Averages, RSI, ADX). Familiarity with ICT concepts is beneficial but not strictly required to operate the EA.
- Understand the inherent risks involved in automated trading.
Key Features Overview
- Multiple Trading Strategies: UNO Enhanced, ICT KillZone, Gold UNO.
- Option to trade all strategies concurrently.
- Integrated Dashboard Panel for monitoring and control.
- Flexible Risk Management: Fixed Lot Size or % Risk per trade.
- Advanced Stop Loss Options: Fixed Pips, Smart Levels (based on strategy logic), ATR-based volatility stops.
- Advanced Take Profit Options: Fixed Pips, Risk/Reward Ratio (Smart TP), ATR-based volatility targets.
- Trade Management: Break Even, Trailing Stop (with delay option).
- Optional Second Target: UNO RR Ratio feature for potential scaling out.
- Optional Loss Recovery System (Use with Caution!).
- Filters: ADX Trend Filter, RSI Filter (for Gold UNO), Spread Filter, Trading Time Filter.
- Clean Chart: Applies a visual template and keeps strategy lines hidden by default.
Visual Overview & Setup
Important: Review our full Trading Risk Disclaimer in the footer below prior to deploying any software.