Tokyo EA mt5

The Tokyo  EA is a trend-following trading system designed to identify changes in market direction and automatically trade confirmed bullish and bearish signals.  The EA enters at the opening of the next candle after a buy or sell arrow from the Tokyo Indicator and will trade in a grid/martingale strategy.  This EA is suitable for any currency pair and any time frame, however it performs exceptionally well on strong trending instruments such as xauusd on the M15 time frame.

Settings:

• Open new series – true/false - beginning of a new series of orders.
• Trade Buy - allow the EA to buy.
• Trade Sell - allow the EA to sell.
• Support manual orders – true/false – allow the EA to control manual orders
• Use hedge - allow the EA to trade both direction buy and sell.  If false only one trade direction.
• Max Orders – the maximum amount of orders allowed.
• Order Comment – the description of the system name
• Start lots – the minimum starting lot
• Use Money Management – true/false -  use of automatic lot calculation true or false.
• Autolot. Free margin for each 0.01 lot -the amount of free margin for opening every 0.01 lots.
• Lot multiplier – the lot multiplier for the following orders.
• Max lot – the maximum lot size allowed.
• Real TP points (0 – not use) – real TP, the broker can see it - in points
• Virtual TP points (0 – not use) – virtual TP, the broker cannot see it – in points
• Real SL points (0 – not use) – real SL, the broker can see it - in points
• Virtual SL points (0 – not use) – virtual SL, the broker cannot see it – in points
• Use Real Trail (false: virtual) true/false – the use of real trail if true broker can see, if false broker cannot see
• Trail Start points (0 – not use) – How many pips profit is required before the trailing stop begins. (0 = trailing off)
• Trail Step points – after trailing is active, the stop loss moves every X pips the price advances.
• Close from reverse signal – true/false – if true EA will close if signal/trend changes
• Max spread (0 – not use) – the maximum spread allowed
• Start Hour – the hour that the EA must start according to broker market watch
• End Hour - the hour that the EA must end according to broker market watch
• DD Reduction Algoritm - drawdown reduction algorithm it when last order with profit will be closed together with the first order.
• Number order for DD Reduction Algoritm - from which order the drawdown reduction algorithm is activated.
• Percent profit for DD Reduction Algoritm - percentage of profit when closing orders in the drawdown reduction mode.
• Draw on-off – true/false – Showing the profit labels on the chart or not
• Next is font settings
• Pause between orders (min 0 – not use) – amount of minutes to pause between orders
• Magic - is a special number that the EA assigns to its orders.
• Fix distance - fixed distance between orders in points
• Order dinamic distance - from which order will the dynamic distance be applied in order.
• Dinamic distance start - the starting value for the dynamic distance in points.
• Distance multiplier - the dynamic distance multiplier.
• Next:  Panel Parameters