Tokyo GBPUSD H1 V18 Alpha3 Demo USE Only
Tokyo GBPUSD H1 V18 Alpha3 Demo USE Only — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is the trading sessions (Asian, London, New York). This copy is version 18. Its source code uses moving averages and fractals. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example TITLE (default Tokyo_GBPUSD_H1_v18_alph), Magic Number (default 382618786) and trade comment (default Tokyo_GBPUSD_H1_v18_alph). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v18 · Free
About Tokyo GBPUSD H1 V18 Alpha3 Demo USE Only
Tokyo GBPUSD H1 V18 Alpha3 Demo USE Only is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Fractals. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as TITLE, Magic number and Trade comment. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: Tokyo_GBPUSD_H1_v18_alpha3_DEMO_USE_ONLY.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| TITLE | Tokyo_GBPUSD_H1_v18_alpha3_DEMO_USE_ONLY | |
| Magic number | 382618786 | Magic number that tells this EA's orders apart |
| Trade comment | Tokyo_GBPUSD_H1_v18_alpha3_DEMO_USE_ONLY | Comment written on the orders |
| Symbol settings | --- GBPUSD Only - If true warn if wrong | |
| Gbpusd only | TRUE | |
| Main settings | --- TP1, TP2, TP3, SL and TSL settings. | |
| Take profit1 | 22 | Take profit distance |
| Take profit2 | 50 | Take profit distance |
| Take profit3 | 80 | Take profit distance |
| Stop loss1 | 140 | Stop loss distance |
| Stop loss2 | 140 | Stop loss distance |
| Stop loss3 | 140 | Stop loss distance |
| Trailing stop1 | 22.0 | Trailing stop distance or switch |
| Trailing stop2 | 22.0 | Trailing stop distance or switch |
| Trailing stop3 | 22.0 | Trailing stop distance or switch |
| Trailing stop offset pos3 | -10.0 | Trailing stop distance or switch |
| Slippage | 3.0 | Maximum slippage allowed when opening a trade |
| Position max open hours | 7 | |
| Position max open hours min profit | 8 | |
| Order types | ---- M (Market) S (Stop) L (Limit) | |
| Order type1 | M | |
| Order type2 | M | |
| Order type3 | M | |
| Entry offsets | ---- How far from market pending orders | |
| Pending entry offset1 | 20.0 | |
| Pending entry offset2 | 20.0 | |
| Pending entry offset3 | 20.0 | |
| Pend stop dist | ---- How far beyond pending entry offset | |
| Pending stop entry dist to offset1 | 10.0 | |
| Pending stop entry dist to offset2 | 10.0 | |
| Pending stop entry dist to offset3 | 10.0 | |
| Pending expiry times | ---- Max time to wait to place a pending | |
| Pending stop max hours to place order | 16 | |
| Pending order expire hours | 8 | |
| Server friendliness | --- Delays to help avoid high frequency | |
| Order retry limit | 5 | |
| Order retry millisecond delay | 5000 | |
| Order send millisecond delay | 2000 | |
| Order modify millisecond delay | 2500 | |
| Mm settings | --- Risk (PER POSITION) - Low 1% - Med 3 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trading Sessions · GBPUSD · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · Moving Average · Fractals · MT4 Expert Advisor · MQL4 Source Code