EURJPY Buy & Sell EA V1.0 MT4 Review - FREE DOWNLOAD

Introduction

The foreign exchange market, with its daily trading volume exceeding $7.5 trillion, offers immense opportunities for traders seeking to capitalize on currency price movements. Among the myriad of pairs, EURJPY stands out due to its high liquidity and volatility—ideal for both novices and seasoned pros. That’s where the EURJPY Buy & Sell EA V1.0 for MT4 shines. Designed by YoForex, this EA automates entry and exit on EURJPY with precision, so you don’t have to stare at charts 24/5. You only need a minimum deposit of $200 to get started. In this review, we’ll dive into what makes this EA tick, how to install it, the trading strategy under the hood, and a few pro tips to squeeze every pip out of the market.

Key Features

• Low Deposit Requirement: Start live trading on EURJPY with just $200.
• Smart Order Logic: Detects trend shifts and places buy/sell accordingly, no martingale.
• Adjustable Risk: Set your lot size, max drawdown, and stop-loss levels.
• Spread Filter: Trades only when spreads are tight—avoids high-cost market conditions.
• Time-Filter: Avoids major news breakouts by disabling trades during volatile news windows.
• Equity Protection: Auto-closure when drawdown exceeds your threshold.
• Trailing Stop & Break-Even: Locks in profits as price moves in your favor.
• Backtest-Ready: Fully compatible with MT4’s strategy tester.
• One-Click Risk Reset: Instantly pause trading to tweak settings.
• User-Friendly Interface: Clean parameter panel with tooltips—no MQL knowledge needed.

Setup & Installation

• Download the EA

1. Head over to the official YoForex download page:
   https://yoforexea.com/eurjpy-buy-sell-ea-v1-0-mt4

• Copy Files

1. Unzip and paste EURJPY_BuySell_EA_v1.0.ex4 into your MT4’s Experts folder.
2. Copy any accompanying .tpl or .set files into Presets if provided.

• Restart MT4

1. Close and reopen MT4 to refresh the Navigator.

• Attach to Chart

1. In Navigator → Expert Advisors, drag EURJPY Buy & Sell EA onto a EURJPY chart (M15 recommended).
2. Check “Allow live trading” and “Allow DLL imports” in the Common tab.

• Load Recommended Settings

1. In Inputs, click Load and select the provided .set file for M15, $200 deposit.

• Verify

1. Watch the “smiley face” appear on the top-right of the chart—EA’s active!
2. Optionally, enable the “Show trade levels” to see pending orders on your chart.

Trading Strategy

The core strategy combines trend-following with mean reversion triggers:

• Trend Filter

1. Uses a custom moving-average crossover on H1 to determine the dominant trend.

• Entry Trigger

1. On M15, when price pulls back to the EMA band after trend confirmation, a pending buy/sell order is placed.

• Confirmation

1. RSI filter (below 30 for buys; above 70 for sells) ensures entries aren’t in over-extended conditions.

• Stop-Loss & Take-Profit

1. Fixed SL at 30 pips, TP at 50 pips by default—configurable in Inputs.

• Trade Management

1. If price moves +15 pips in your favor, the EA moves SL to break-even.
2. A trailing stop of 10 pips locks in profits dynamically.

• Money Management

1. Risk per trade adjustable (e.g., 0.5 % equity), with auto-lot sizing based on balance.

This blend strikes a balance—riding trends but avoiding whipsaws. The time-filter blocks trades 30 minutes before and after major ECB/BOJ news to reduce slippage risk.

Optimization Tips

– Demo First
Don't skip this—test on a demo account for at least 1,000 trades to understand drawdown cycles.
– Adjust Risk
If you prefer conservative runs, lower risk-per-trade to 0.2 %.
– Timeframes
While default is M15, advanced users can try M5 or M30 after re-backtesting.
– Spread Watch
Use a broker with consistently sub-1 pip spreads on EURJPY. Wide spreads will eat into profits.
– Parameter Tweaks
Experiment with SL/TP ratios—some traders report better win rates with 1:1.5 settings.
– Regular Updates
YoForex rolls out tweaks—keep an eye on the Telegram group for new build announcements:
https://t.me/yoforexrobot

Conclusion

The EURJPY Buy & Sell EA V1.0 MT4 from YoForex is a solid, beginner-friendly automation tool tailored for one of the market’s most dynamic pairs. With its low entry barrier of $200, smart order logic, and configurable risk controls, it’s built to help you trade EURJPY without manual grind. Remember, no EA is a magic bullet—always demo first, follow sound money management, and stay informed on macro events. Ready to go hands-free on EURJPY? Download now and join the YoForex community for ongoing support and updates.

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Happy Trading