Tokyo Pip Hunter

This is an advanced trading bot that we have meticulously developed and tested on the USDJPY currency pair, specifically designed for fund trading, where risk is managed at the lowest possible level. Through rigorous backtesting and optimization, it has demonstrated consistent performance across various market conditions. Our team of experts has combined sophisticated algorithms and risk management strategies to ensure it can handle market fluctuations while maximizing profit potential. This EA is the result of extensive research and refinement, providing a reliable solution for those looking to enhance their trading performance and grow their capital in a professional and scalable way.

Tokyo Pip Hunter was created following the day trading approach, so the number of trades per day ranges from 1 to 3 trades. Risk:Reward (RR) is 1:3, which gives traders a comfortable experience. The goal of this EA is long-term, so you need to observe it for at least 3 months before making an assessment.

To accommodate all traders in the market, we do not place trades based on lot sizes but rather on the amount (calculated in dollars) that a trader is willing to lose if the trade hits the stop-loss. This amount depends on the trader and their capital, but for safety, we recommend that the loss amount (slMoney) falls within 1% to 5%. During our research and backtesting, we found that the longest losing streak from the beginning of 2024 to September 2024 was 8, while the winning streak reached 20, meaning the drawdown would only be around 8% if you set slMoney at 1% of the account.

Additionally, Tokyo Pip Hunter is analyzed and researched based on timeframe factors, so the value of UTCServerTime is very important. This is the time zone of the broker’s server, which varies depending on the broker you trade with. The calculation method is very simple. For example, I’m in Jakarta, Indonesia, which has a time zone of UTC+7 (UTC). At exactly 8 a.m. (local time), when looking at the chart on the MetaTrader 5 tool, if the most recent candle has a time of 1 a.m. (MT time) (which is exactly 7 hours off from my local time), then the value of UTCServerTime = 0 (UTC - LocalTime + MT time: 7 - 8 + 1).

If the pushNotification variable is set to true then when there is a crash or every time the EA enters a command, a push notification will be sent to your mobile device.

Recommendations:
- Currency pair: USDJPY
- UTCServerTime: Extremely important, it will significantly affect the trading system. You need  to refer to the calculation above.
- Timeframe: M5
- SLMoney: 1-5% of total account
- Account type: Any

The market will always change without following any rules because traders must always follow the principles of capital management as well as accept risks when entering this path. We will always improve EA to best suit each stage of the market.

This EA is limited to input slMoney . If slMoney lớn hơn 50, the maximum value will be 50. Please use Tokyo Pip Hunter Super version to avoid limitation https://www.mql5.com/en/market/product/124012

If you have any questions or need assistance on how to install EA as well as how to set up VPS, please contact us via account https://t.me/piphunterEA