Tokyo Breakout MT5
- Experts
- Version: 1.0
- Activations: 5
Hello Everyone This is Tokyo Breakout EA - The EA place Stop orders at a fraction of the tokyo session range
Speciality of Tokyo Breakout EA
- Backtest Matches The Live Results
- No Grid/Martingale Logic
- Only places 2 Trades per day
- Everything is customized
- Fixed SL
- Even if you close MT5, the EA remembers everything. When you reopen it, it continues from where it stopped. You don't need to enter anything again
Installation Of The Tokyo Breakout EA
----------Broker----------
Any (Hedging Type)
----------Pair----------
USD/JPY
----------Timeframe----------
5 minutes (or any it doesn't affect anything)
----------EA's Settings----------
Magic Number
Product ID (used in order comment)
Product Name (used in order comment)
(choose whatever you want in Magic no. and comment but make sure it's unique if you are using any other EA)
----------Range Time Settings (Important read carefully)----------
Range Start Time (HH:MM) = 00:00
Range End Time (HH:MM) = 03:00
In the EA's input settings default is (GMT +0)
range start time =00:00
range end time = 03:00
delete/close all at hour = 15:00
and if your broker's GMT time is GMT +2 then set
range start time =02:00
range end time = 05:00
delete/close all at hour = 17:00
and if your broker's GMT time is GMT +3 then set
range start time =03:00
range end time = 06:00
delete/close all at hour = 18:00
so change this setting according to your broker's time if you still confused about anything then consult me
----------Rectangle Visual Settings----------
(Choose whatever you want in the range creation box)
----------Lot Size Settings----------
Choose between account% or fixed lot size and set minimum and maximum according to your preference (you can use default also) if you are using prop firm accounts then don't go more then 0.5% risk use 0.25 or 0.5 maximum
----------Take Profit Settings----------
Take Profit Mode = Take Profit OFF (No TP)
----------Risk/Reward Settings----------
leave it as it is (cause we are not using TP)
----------Position Limit Settings----------
Max Simultaneous Positions/Orders (this EA) = 2
----------Margin Safety Settings----------
Required Free-Margin Buffer Above Estimate (%) = 10.0
(you can set according to your preference or leave it as it is, it is just a margin buffer)
----------Auto Close Settings (Important read carefully)----------
Delete/Close All At Hour (0-23, -1 = off) = 15
(i already told you what to set in range time settings, set according to your broker's time zone)
Delete Pending Orders true (important)
Close Running Positions true (important)
----------OCO Settings----------
Delete Opposite Order When One Fills (OCO) = false
(leave it false if you want to capitalize more but you can also set it true if you have a small account or if you want low risk, it just means delete one order when other ones fills means one order a day)
----------Equity Guard----------
Lowest Equity Threshold (0 = disabled) = 0.0
Max Profit Equity Threshold (0 = disabled) = 0.0
(these are important settings for prop firm accounts set your lowest equity with some buffer for ex. you have 100 account and have 5% daily drawdown and 10% profit target then set lowest equity to 96(some buffer so we don't breach our account) and max profit to 110)
leave it as it is if you don't want it
----------Info Panel Settings----------
This shows the information panel include today's profit, total profit and many more, set according to your preference or leave it as it is
if you face any issue and have any query then message me telegram = @eageeks -- thanks for your purchase :)
(it may have loosing months as you can see it's backtest and forward but eventually it will recover it all so be patient)
