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Tokyo Pip Hunter

5

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.

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.

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.

Additionally, the Tokyo Pip Hunter is analyzed based on the time frame factor, so the UTCServerTime value is very important. We have calculated this parameter during live trading; however, when BACKTESTING in DEVMODE, you will need to input this value for the backtesting process to be accurate. This value represents the time zone of the broker's server, which will vary depending on the broker you trade with. The calculation is very simple. For example, I am in Jakarta, Indonesia with a time zone of UTC+7 (UTC), and at exactly 8:00 AM (Local Time), when I look at the chart on the MetaTrader 5 platform, the latest candle has a time of 1:00 AM (MT Time) (a 7-hour difference from my local time). Therefore, the UTCServerTime value would be 0 (UTC - Local Time + MT Time: 7 - 8 + 1).

Recommendations:
- Currency pair: USDJPY
- UTCServerTime: Server time zone is only used for backtesting.  (ICMarket, FTMO, The funded Trader: 3; Exness: 0,..).
- 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.


Reviews 1
Stephen J Martret
1736
Stephen J Martret 2024.10.21 09:50 
 

Incredible EA! one of the rare ones that actually trades like a pro manual trader, has a 1:3 RR on average, some trades even go 1:5RR!! with small stop loss, extremely safe and live results match backtest 100%. Over the 20 years using EAs this is one I will never stop using, worth every cent!!

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Jack of all Trades MT5 is an Expert Advisor for trading high market moves. This is a fully automated EA optimized for multicurrency EURUSD, EURGBP, GBPUSD, USDCAD, USDJPY. The EA can be used on any timeframe because the indicators are locked to M10. The EA uses MACD(7,21,4), MOMENTUM(11) and candlestick history for last 10 candles on M10 for creating a signal. Because the EA is locked on M10, the trades will open on the same spot, it does not matter, on which timeframe it is tested. The EA also
TSO Price Channel MT5
Dionisis Nikolopoulos
TSO Price Channel is complete trading strategy focused on creating profit from market volatility. The system takes advantage of the intrinsic tendency of the market to reach its periodic maximum and minimum levels. By allowing the use of multiple instruments, the exposure of the system to any single instrument is reduced. Complete strategy including fully integrated positive and negative management. Works on any instrument. No pending orders placed. Any account size - $1,000+ is recommended. B
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Stephen J Martret
1736
Stephen J Martret 2024.10.21 09:50 
 

Incredible EA! one of the rare ones that actually trades like a pro manual trader, has a 1:3 RR on average, some trades even go 1:5RR!! with small stop loss, extremely safe and live results match backtest 100%. Over the 20 years using EAs this is one I will never stop using, worth every cent!!

Dinh Manh Bui
227
Reply from developer Dinh Manh Bui 2024.10.29 09:18
Thank you so much for the amazing review! I hope you continue to have positive experiences and profits with this EA. Wishing you successful trading!
Reply to review
Version 8.0 2024.10.21
change default GMTTimeServer value
Version 7.0 2024.10.15
remove SLMoney value limit
Version 6.0 2024.10.12
fix past drawing error
Version 5.0 2024.10.12
profit optimization algorithm processing
Version 4.0 2024.10.11
Improved profit optimization algorithm
Version 3.6 2024.10.11
improve profit optimization algorithm
Version 3.5 2024.10.05
update order for ICMarket
Version 3.4 2024.10.05
fix bug support for USDJPYx,....
Version 3.3 2024.10.04
Update UI
Version 3.2 2024.10.03
fix paint order history
Version 3.1 2024.10.02
Update UI
Version 3.0 2024.10.01
remove TimeServer
Version 2.0 2024.09.30
send push notification when order error