Tokyo Nights
- Experts
-
Victor Paul Hamilton
# Victorious Creations Mission Statement
First and foremost, I, Victor Hamilton, am a trader first and a developer second. I began creating financial tools and Expert Advisors out of necessity, not as a primary business venture. - 버전: 2.68
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TOKYO NIGHTS EA v2.68 — COMMERCIAL GRADE
Multi-Strategy Asian Session Hunter for JPY Pairs
Victorious Creations Labs by Victor Hamilton
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WHY TOKYO NIGHTS?
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While most traders sleep, Tokyo Nights EA works the Asian session — the most
overlooked and profitable window in forex trading. Lower volatility, predictable
patterns, and institutional stop hunts create consistent opportunities that
this EA exploits with 6 professional strategies.
Trades automatically during Asian hours (23:00 - 08:00 GMT)
Scans 4 major JPY pairs simultaneously
Professional-grade risk management built-in
Account protection prevents catastrophic losses
Works with any MT5 broker
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6 TRADING STRATEGIES
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STRATEGY 1: GAP TRADING
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Exploits price gaps that form between sessions. NOT limited to Monday morning
gaps — triggers on ANY gap at session open including daily gaps, news-driven
gaps, and holiday gaps. Studies show 70-80% of gaps fill within the session.
• Minimum gap size configurable (default: 5 pips)
• Trades the fade back to previous close
• Works on all 4 JPY pairs
STRATEGY 2: LIQUIDITY SWEEP
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Catches institutional "stop hunts" during low-liquidity hours. When price
sweeps beyond recent highs/lows to trigger clustered stop losses, then
reverses — we enter in the direction of the reversal.
• Scans last 20 bars for key levels
• Confirms sweep with 3+ pip penetration
• High win rate during 01:00-04:00 GMT window
STRATEGY 3: FAKE BREAKOUT
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Fades extended moves in the first hour of the session. When price moves 10+
pips from session open within 60 minutes, Asian session volatility typically
cannot sustain the move — we trade the reversal.
• First hour monitoring window
• Configurable breakout threshold
• Mean-reversion approach
STRATEGY 4: PREVIOUS DAY RANGE
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Trades rejections at yesterday's high and low. These levels are watched
globally and during Asian hours, price lacks momentum to break through
cleanly — creating reliable rejection trades.
• Automatic daily level calculation
• Configurable rejection zone (default: 5 pips)
• Works as support/resistance bounces
STRATEGY 5: CORRELATION DIVERGENCE
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JPY pairs are highly correlated. When USDJPY makes a move but EURJPY, GBPJPY,
or AUDJPY lags behind, we trade the lagging pair expecting catch-up.
• Real correlation coefficient calculation
• 15-minute caching for performance
• Minimum correlation strength filter (default: 0.7)
• Divergence threshold configurable
STRATEGY 6: DEAD ZONE REVERSAL
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The "Dead Zone" (03:00-04:00 GMT) has the lowest liquidity of the day. Moves
during this window are unsustained drifts. We capture price at start, then
fade any 8+ pip move when liquidity returns.
• Configurable dead zone hours
• Minimum move threshold
• Pure mean-reversion logic
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RISK MANAGEMENT
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POSITION SIZING
• Fixed lot size OR percentage-based risk (recommended)
• Auto-calculates lot size based on stop loss and account equity
• Proper pip value calculation for all broker types
TRADE CONTROLS
• Configurable Take Profit (default: 12 pips)
• Configurable Stop Loss (default: 18 pips)
• Optional Trailing Stop with step function
• Maximum spread filter — skips trades when spreads widen
• 30-second minimum spacing between trades
ACCOUNT PROTECTION (Professional Grade)
• Daily Loss Limit — stops ALL trading if daily loss exceeds threshold
• Maximum Drawdown Protection — rolling equity protection from peak
• Max Concurrent Trades — limits open positions across all pairs
• Auto-adjusts stops to meet broker minimums
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RECOMMENDED SETTINGS
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ACCOUNT SIZE RECOMMENDATIONS
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Account Size │ Risk % │ Max Daily Loss │ Rating
──────────────────┼─────────┼────────────────┼─────────────────
$500 - $1,000 │ 0.5% │ 2% │ Micro accounts
$1,000 - $3,000 │ 1% │ 3% │ Starter
$3,000 - $10,000 │ 1% │ 3% │ RECOMMENDED
$10,000 - $50,000 │ 1-2% │ 3-5% │ Optimal
$50,000+ │ 0.5-1% │ 2-3% │ Professional
CONSERVATIVE SETUP (Recommended for beginners)
• Risk Percent: 1%
• Max Trades Per Session: 2
• Daily Loss Limit: 3%
• Max Drawdown: 10%
• Enable all 6 strategies
MODERATE SETUP
• Risk Percent: 1.5%
• Max Trades Per Session: 3
• Daily Loss Limit: 4%
• Max Drawdown: 15%
AGGRESSIVE SETUP (Experienced traders only)
• Risk Percent: 2%
• Max Trades Per Session: 4
• Daily Loss Limit: 5%
• Max Drawdown: 20%
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BROKER REQUIREMENTS
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Any MT5 broker with JPY pairs
ECN/STP broker recommended for tight spreads
Spreads under 2 pips on USDJPY preferred
Hedging account not required
No minimum leverage requirement
BROKER TIME OFFSET
Set your Broker Time Offset Hours parameter correctly:
• GMT+0 server = 0
• GMT+1 server = +1
• GMT+2 server = +2
• GMT+3 server = +3
• EST server = -5
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PAIRS TRADED
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• USD/JPY — Primary pair, highest liquidity, tightest spreads
• EUR/JPY — Strong correlation, excellent for divergence trades
• GBP/JPY — Higher volatility, larger pip movements
• AUD/JPY — Risk sentiment barometer, often leads moves
Auto-detection finds your broker's symbol format automatically (handles
suffixes like .pro, m, .ecn, etc.)
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INSTALLATION
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1. Purchase and download from MQL5 Market
2. Attach to any JPY pair chart (USDJPY recommended, M15 timeframe)
3. Configure risk settings to match your account size
4. Set your broker's time offset from GMT
5. Enable Auto Trading in MT5
6. EA trades automatically during Asian session hours
That's it — the EA handles everything else.
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PRO TIPS
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Start conservative — 1% risk, 2 trades per session maximum
Avoid BOJ announcement days — pause the EA during major Japan news
Demo test first — run for 2+ weeks on demo before going live
Monitor weekly — check performance every 7 days, not every trade
Keep account protection ON — never disable daily loss limits
Backtesting Note: Due to MT5 limitations, multi-pair EAs cannot be perfectly backtested. The results shown are from USDJPY primary testing. For best evaluation, run on a demo account for 2-4 weeks to see true multi-pair performance.VERSION HISTORY
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v2.68 (Current)
• Enhanced correlation strategy with proper coefficient calculation
• Added 15-minute correlation caching for performance
• Fixed pip calculation for 2/4 digit brokers
• Added account protection features (daily loss, max drawdown)
• Improved dead zone timing logic
• Added trailing stop functionality
• Better symbol auto-detection
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SUPPORT
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Questions? Issues? Feature requests?
Message me through MQL5 Market
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TOKYO NIGHTS EA — Trade While the World Sleeps
Victorious Creations Labs by Victor Hamilton
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DISCLAIMER: Trading forex involves substantial risk of loss and is not suitable
for all investors. Past performance is not indicative of future results. Always
trade with capital you can afford to lose. The developer is not responsible for
any trading losses incurred while using this software.
