Description
<h3>Introduction</h3>
<p>Tokyo GBPUSD EA V17 MT4 is an automated trading system developed for the MetaTrader 4 platform, specifically designed to trade the <strong>GBPUSD</strong> currency pair. The EA uses predefined algorithmic logic to identify trading opportunities and execute trades automatically, aiming to capture price movements during key session hours, particularly the Tokyo session. It focuses on disciplined risk management and systematic execution to reduce emotional errors and improve trading consistency.</p>
<h3>Key Features</h3>
<ul>
<li>Fully automated trade execution</li>
<li>Optimized for GBPUSD on MT4</li>
<li>Trend and momentum–based trading logic</li>
<li>Entry filters tuned to session activity (especially Tokyo session)</li>
<li>Automatic stop-loss and take-profit placement</li>
<li>Adjustable lot sizing (fixed or percentage-based)</li>
<li>Spread and slippage filtering</li>
<li>Equity and drawdown protection options</li>
<li>VPS-ready for uninterrupted 24/5 trading</li>
<li>Customizable input parameters</li>
</ul>
<h3>Recommended Settings</h3>
<p>Recommended configuration may vary based on broker and account size, but general guidelines include:</p>
<ul>
<li>Symbol: GBPUSD</li>
<li>Timeframe: M15 or H1</li>
<li>Risk Per Trade: 1%–2% of account balance</li>
<li>Lot Mode: Auto lot based on risk percentage</li>
<li>Max Spread: Use a low-spread ECN broker</li>
<li>VPS: Strongly recommended for stable execution</li>
</ul>
<p>Always test on a demo account before going live.</p>
<h3>Backtest Result</h3>
<p>Backtesting typically may show:</p>
<ul>
<li>Positive performance during trending periods</li>
<li>Moderate drawdowns under conservative risk settings</li>
<li>Sensitivity to broker spread and execution quality</li>
<li>Reduced efficiency during sideways or low-volatility phases</li>
</ul>
<p>Actual results depend on data quality, broker execution, and live market conditions.</p>
<h3>Advantages</h3>
<ul>
<li>Tailored specifically for the GBPUSD pair</li>
<li>Fully automated trade execution</li>
<li>Reduces emotional decision-making</li>
<li>Structured risk management with configurable parameters</li>
<li>Suitable for intraday and session-based traders</li>
<li>Compatible with most MT4 brokers</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Performance depends on market conditions</li>
<li>Drawdowns are possible even with conservative settings</li>
<li>Sensitive to high spreads and slippage</li>
<li>Requires occasional monitoring despite automation</li>
<li>VPS hosting may add additional cost</li>
<li>No guaranteed profitability</li>
</ul>
<h3>Installation & Setup Guide</h3>
<ol>
<li>
<p>Download the Tokyo GBPUSD EA V17 file (.ex4 or .mq4).</p>
</li>
<li>
<p>Open MetaTrader 4.</p>
</li>
<li>
<p>Click File → Open Data Folder.</p>
</li>
<li>
<p>Open the MQL4 folder and then the Experts folder.</p>
</li>
<li>
<p>Paste the EA file into the Experts folder.</p>
</li>
<li>
<p>Restart MT4.</p>
</li>
<li>
<p>Enable AutoTrading from the toolbar.</p>
</li>
<li>
<p>Open the GBPUSD chart and select the recommended timeframe.</p>
</li>
<li>
<p>Drag the EA from the Navigator panel onto the chart.</p>
</li>
<li>
<p>Adjust input settings according to your risk preference and click OK.</p>
</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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