Pound Yen Trader EA V1.24

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The Pound Yen Trader EA V1.24 MT4 is a volatility-based expert advisor designed to capitalize on sharp price movements using breakout strategies and moving average confirmations. It employs dynamic stop-loss and take-profit levels, along with trailing stops, to maximize gains while managing risk. Ideal for traders who prefer automated systems, this EA performs best in trending markets but requires proper risk settings due to its aggressive trading style.

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Pound Yen Trader EA V1.24 MT4 – Trading Strategy, Requirements & Performance

Name: Pound Yen Trader EA V1.24 MT4 - FREE DOWNLOAD
Availability: InStock

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)

Pound Yen Trader EA V1.24

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!