Tokyo Express Scalping

[Support]

For those of you interested we are working on a scalping strategy, for use on the USDJPY pair during the Asian Session. It can also be traded with Chameleon. It requires the EA to be turned on at 21:05 GMT and turned off at 6:30 GMT or sooner. Enable Tokyo Express logic. The strategy uses a 5 minute Chart with a 9 period RSI for the RSI settings,the Buy level is 35 and the sell level is 65. The retrace filters need to be turned on and they use a 2 period short and 3 period long on a 5 minute Chart. Set MaxTradesLong to 20 MaxtradesShort to 20 and Maxtrades to 40. At the end of the session you will need to use a little discretion, you can either close all trades or leave the remaining trades open but put a close SL on them. The EQTP needs to be whatever 10 pips of the lot size you are trading would equal.. You will usually see a few trades a night. Do not put a TP or SL on the trades ( if you are worried put an emergency 200 pip SL) but check a few times over the session.

The RSIBuylevel and the RSISellLevel can be adjusted a bit depending on Volitility. We are working on adding trading hours to the EA so that this can be automated completely. We have Back tested it from 1/1/2000 to 1/1/2009 with no stop loss on Chameleon 2009 and it performs very well. About 600% gain in 8 years with no more than 30% DD. This assumes all trades are left open at the end of the session, we believe closing trades at the end could lead to less DD. You can test it on other pairs as well. EURGBP, EURCHF, USDCAD, GBPCHF look promising as well.

[CsCGOyqT5p3Azdriwzr3txMpXOMv8B]

Perhaps the support would like to post the set files to Tokyo Express Scalping? Most other strategies don't work now.

Thanks.

Phillip

For those of you interested we are working on a scalping strategy, for use on the USDJPY pair during the Asian Session. It can also be traded with Chameleon. It requires the EA to be turned on at 21:05 GMT and turned off at 6:30 GMT or sooner. Enable Tokyo Express logic. The strategy uses a 5 minute Chart with a 9 period RSI for the RSI settings,the Buy level is 35 and the sell level is 65. The retrace filters need to be turned on and they use a 2 period short and 3 period long on a 5 minute Chart. Set MaxTradesLong to 20 MaxtradesShort to 20 and Maxtrades to 40. At the end of the session you will need to use a little discretion, you can either close all trades or leave the remaining trades open but put a close SL on them. The EQTP needs to be whatever 10 pips of the lot size you are trading would equal.. You will usually see a few trades a night. Do not put a TP or SL on the trades ( if you are worried put an emergency 200 pip SL) but check a few times over the session.

The RSIBuylevel and the RSISellLevel can be adjusted a bit depending on Volitility. We are working on adding trading hours to the EA so that this can be automated completely. We have Back tested it from 1/1/2000 to 1/1/2009 with no stop loss on Chameleon 2009 and it performs very well. About 600% gain in 8 years with no more than 30% DD. This assumes all trades are left open at the end of the session, we believe closing trades at the end could lead to less DD. You can test it on other pairs as well. EURGBP, EURCHF, USDCAD, GBPCHF look promising as well.

[Support]

Perhaps the support would like to post the set files to Tokyo Express Scalping? Most other strategies don't work now.

Thanks.

Phillip

For those of you interested we are working on a scalping strategy, for use on the USDJPY pair during the Asian Session. It can also be traded with Chameleon. It requires the EA to be turned on at 21:05 GMT and turned off at 6:30 GMT or sooner. Enable Tokyo Express logic. The strategy uses a 5 minute Chart with a 9 period RSI for the RSI settings,the Buy level is 35 and the sell level is 65. The retrace filters need to be turned on and they use a 2 period short and 3 period long on a 5 minute Chart. Set MaxTradesLong to 20 MaxtradesShort to 20 and Maxtrades to 40. At the end of the session you will need to use a little discretion, you can either close all trades or leave the remaining trades open but put a close SL on them. The EQTP needs to be whatever 10 pips of the lot size you are trading would equal.. You will usually see a few trades a night. Do not put a TP or SL on the trades ( if you are worried put an emergency 200 pip SL) but check a few times over the session.

The RSIBuylevel and the RSISellLevel can be adjusted a bit depending on Volitility. We are working on adding trading hours to the EA so that this can be automated completely. We have Back tested it from 1/1/2000 to 1/1/2009 with no stop loss on Chameleon 2009 and it performs very well. About 600% gain in 8 years with no more than 30% DD. This assumes all trades are left open at the end of the session, we believe closing trades at the end could lead to less DD. You can test it on other pairs as well. EURGBP, EURCHF, USDCAD, GBPCHF look promising as well.

Phillip, the exact settings for the strategy are outlined above. Just add a 65 pip SL and you should br good to go. By the way the new Chameleon EZ runs this strategy.

[phasna]

Can you post the Set file for the Tokyo Express demo trading the eurgbp on forexpeacearmy.com?

Thanks

[Trade Chimp Support]

Can you post the Set file for the Tokyo Express demo trading the eurgbp on forexpeacearmy.com?

Thanks

It is located on the support area under the Tokyo Express files.