Pound Yen Trader EA V1.24 MT4 – Trading Strategy, Requirements & Performance
This expert advisor (EA) Pound Yen Trader EA V1.24 MT4 is designed to trade the GBP/JPY currency pair on the MetaTrader 4 (MT4) platform. Below, we break down the key details, including minimum deposit, recommended timeframes, and the trading strategy it employs.
Key Specifications
| Feature | Details |
|---|---|
| Currency Pair | GBP/JPY (Best Performance) |
| Minimum Deposit | $100 (Cent Account Recommended) |
| Recommended Timeframe | M1 to H1 |
| Trading Platform | MetaTrader 4 (MT4) |
| Recommended Broker | ECN/Low-Spread Broker |
| Risk Level | Medium to High (Due to GBP/JPY Volatility) |
Trading Strategy Breakdown
The Pound Yen Trader EA V1.24 uses a volatility-based breakout strategy combined with moving average confirmations to enter trades. Here’s how it works:
1. Entry Conditions
- Breakout Detection: The EA monitors price action for breakouts above/below key support/resistance levels.
- Moving Average Filter: Uses EMA (Exponential Moving Average) to confirm trend direction.
- Volatility Check: Avoids trading during low volatility (e.g., Tokyo session) and focuses on London & NY sessions.
2. Trade Management
- Stop Loss (SL): Automatically set based on recent price swings (ATR-based).
- Take Profit (TP): Uses a fixed ratio (1:1.5 or 1:2 R:R) depending on market conditions.
- Trailing Stop: Activates after a certain profit level to lock in gains.
3. Exit Strategy
- Time-Based Exit: If the trade doesn’t hit TP/SL within a set period, it may close early.
- News Filter (Optional): Can avoid trading during high-impact news events.
Best Practices for Running This EA
Use a VPS – Ensures 24/5 uptime with minimal latency.
Start with a Cent Account – Reduces risk while testing performance.
Optimize Settings – Adjust SL/TP based on current market volatility.
Avoid Overleveraging – GBP/JPY is highly volatile; stick to 1:100 leverage or lower.
Final Thoughts
The Pound Yen Trader EA V1.24 is optimized for fast-moving markets, making GBP/JPY an ideal pair. It performs best on M15 with proper risk management.
Recommended for: Traders who understand volatility-based strategies and can handle moderate risk.
Not Recommended for: Beginners without proper backtesting or risk control.
Would you like a recommended broker list or backtest results for this EA? Let me know!
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
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Additional Resources:
Instant Download: https://yoforexea.com/product/pound-yen-trader-ea-v1-24/
You can also download from other websites:
https://www.fxcracked.org/product/pound-yen-trader-ea-v1-24/
https://www.forexfactory.cc/product/pound-yen-trader-ea-v1-24/
Happy Trading
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