Tokyo USDJPY EA Free DownloadTokyo USDJPY EA FREE Download
Tokyo USDJPY EA is a foreign exchange EA, especially USDJPY currency pair. At the heart of this EA is the Relative Strength Index (RSI indicator), a momentum oscillator that measures the speed and variability of price movements. This EA uses RSI to determine the best trading entry points, focusing on specific time windows when market dynamics are most favorable.
USDJPY EA operates according to a concise timetable. It initiates buy orders from midnight to early morning Japan time. These orders will close at 9:55 AM Japan time. Conversely, for those paying attention to the bearish trend, the sell order was placed at exactly 9:55 AM. This approach ensures that trading is concentrated during periods when the market is expected to offer the greatest potential based on historical patterns and volatility associated with Tokyo market opening times.
Understanding and managing risk is the cornerstone of successful trading. This USDJPY EA is built based on this principle. It avoids high-risk strategies such as Martingale. Instead, it adheres to a one-trade-at-a-time policy, ensuring that trading activity is both manageable and not over-leveraged.
Every trade is protected by Take Profit (TP) and Stop Loss (SL) mechanisms. Although TP and SL are set at 100 pips, the EA's internal logic will fine-tune these numbers to a more practical average of approximately 10 pips for TP and 9 pips for SL. This subtle approach not only protects investments but also allows trading strategies to be integrated with the inherent volatility of the Forex market.
Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how this USDJPY EA works, and then only use it in a real account.
USDJPY EA recommended
- Minimum account balance is 100$ for 0.01 lot.
- It is specially designed for USDJPY. (Work on any pair)
- It works best on M5 TimeFrames . (works on any timeframe)
- This USDJPY EA should be continuously run on a VPS for stable results. Therefore, we recommend running this MT5 EA download on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- The EA is not sensitive to spreads and slippage . But we recommend using a good ECN broker ( find the best one for you here )
Input Parameters
- Comments : Comment area.
- Magic Number : USDJPY EA identification number.
- Lot Type Select :
- Fixed : It uses simple interest operation (fixed lot size).
- Auto Freemargin : adopts the automatic compound interest calculation function based on surplus margin.
- Auto Balance: USDJPY EA uses the automatic compounding function based on the account balance.
- Fixed Lots : The lot size for simple interest operations (applicable when the lot type is selected as fixed).
- Auto Lots : Lots per 100,000 currency balance during compound interest operation (applicable when lot type is selected as Automatic Available Margin or Auto Balance).
- Slippage : Allowed slippage.
- Open Max Spread : The spread allowed for new orders.
- Close Max Spread : The spread allowed for settlement orders.
- Long TP : Buy profit margin.
- Long SL : Buy stop loss range.
- Short TP : Sell profit range.
- Short SL : Sell stop loss range.
- Trade Mode Select :
- Advance Mode : Trade on days other than Goto days (only enter sell mid-month and end-of-month).
- Extra Mode : Transactions are conducted on days other than Goto days.
- Gotobi Only Mode : Trade only on Goto days (5, 10, 15, 20, 25, 30 days). If "Goto Day" falls on Saturday or Sunday, then Friday will be "Goto Day".
- Post-Fly and Friday Mode : Goobi and Friday trades.
- Friday pattern goto : Trade only on Friday goto day.
- Long Entry : True/False (allow/disallow entry purchases).
- Short Entry : True/False (allow/disallow selling entries).
- Long Logic Exit : true/false (allows/disables internal logical settlement of purchases, excluding time settlement, take profit, and stop loss).
- Short Logic Exit : true/false (allows/disables internal logical settlement of sales, excluding time settlement, take profit, and stop loss).
- Second Entry : true/false (allow/disallow new buy entries for the day after closing a buy position before mid-market time, Japan time).
- Entry Interval : When the second entry is true, the time (in minutes) that new buy entries are prohibited if the buy position is closed before the market mid-price time.
- Fixing Time Adjust : Adjustment of buy settlement and sell entry time at the mid-price time (in seconds).
- Keep Position 5min : true/false (enable/disable keeping the position for at least 5 minutes).
- Weekend Entry : True/False (allow/disable USDJPY EA late night trading on Fridays and weekends).
- JPN Holiday Entry : true/false (entry is allowed/prohibited on Japanese holidays, corresponding to 2010 to 2023).
- Volatility Filter : true/false (use/not use volatility filter, prohibit trading when price changes are large).
- Trailing Stop : true/false (enable/disable trailing stop function).
- Long Trail Start : Start tracking the profit margin of the buy (in points).
- Long Trail Stop : The loss-cut price range (in points) from the current price since the start of the trail buy. (*Please set this value greater than the stop loss level).
- Short Trail Start : The profit margin (in points) at which to start the sales trail.
- Short Trail Stop : The loss-cut price range (in pips) that begins at the current price after the start of the trailing sell. (*Please set this value greater than the stop loss level).
- Trail Step : The profit interval for updating the stop loss value after tracking starts.
- Break Even : true/false (enable/disable break-even function).
- Long Break Profit : When the profit margin exceeds this value, set the stop loss value as the entry value.
- Short Break Profit : When the profit margin exceeds this value, set the stop loss value as the entry value.
- Time Customize : true/false (apply/not apply time customization settings).
- Long Open Hour 1 : The start time of buying entry.
- Long Open Minute 1 : The start time of buying entry.
- Long Open Hour 2 : End time for purchase entry.
- Long Open Minute 2 : Purchase entry end time.
- Long Close Hour : Settlement time for buy positions.
- Long Close Minute : The closing time of a long position.
- Short Open Hour : Sell entry time.
- Short Open Minute : Sell entry time.
- Short Close Hour : Settlement time for short positions.
- Short Close Minute : The settlement time of short positions.
- Display Parameters : true/false (show/hide parameters of USDJPY EA on the chart).
- Read More Big Dragon Advanced Trading System Free Download
Conclusion
The Tokyo USDJPY EA focuses on the RSI indicator and follows a specific trading window that coincides with Tokyo market time; the EA provides a structured approach to trading the USDJPY currency pair. Its built-in protection against high-risk strategies and consideration of the impact of spreads on profitability make it a compelling tool for traders looking to gain an edge in the Forex market. As with any trading tool or strategy, potential users should understand the risks involved and consider the USDJPY EA as part of a diversified trading strategy.
Tokyo-USDJPY-EA.zip
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