Introduction

Tokyo GBPUSD EA V17 MT4 is an automated trading system developed for the MetaTrader 4 platform, specifically designed to trade the GBPUSD 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.

Key Features

Fully automated trade execution
Optimized for GBPUSD on MT4
Trend and momentum–based trading logic
Entry filters tuned to session activity (especially Tokyo session)
Automatic stop-loss and take-profit placement
Adjustable lot sizing (fixed or percentage-based)
Spread and slippage filtering
Equity and drawdown protection options
VPS-ready for uninterrupted 24/5 trading
Customizable input parameters

Recommended Settings

Recommended configuration may vary based on broker and account size, but general guidelines include:

Symbol: GBPUSD
Timeframe: M15 or H1
Risk Per Trade: 1%–2% of account balance
Lot Mode: Auto lot based on risk percentage
Max Spread: Use a low-spread ECN broker
VPS: Strongly recommended for stable execution

Always test on a demo account before going live.

Backtest Result

Backtesting typically may show:

Positive performance during trending periods
Moderate drawdowns under conservative risk settings
Sensitivity to broker spread and execution quality
Reduced efficiency during sideways or low-volatility phases

Actual results depend on data quality, broker execution, and live market conditions.

Advantages

Tailored specifically for the GBPUSD pair
Fully automated trade execution
Reduces emotional decision-making
Structured risk management with configurable parameters
Suitable for intraday and session-based traders
Compatible with most MT4 brokers

Disadvantages

Performance depends on market conditions
Drawdowns are possible even with conservative settings
Sensitive to high spreads and slippage
Requires occasional monitoring despite automation
VPS hosting may add additional cost
No guaranteed profitability

Installation & Setup Guide

Download the Tokyo GBPUSD EA V17 file (.ex4 or .mq4).
Open MetaTrader 4.
Click File → Open Data Folder.
Open the MQL4 folder and then the Experts folder.
Paste the EA file into the Experts folder.
Restart MT4.
Enable AutoTrading from the toolbar.
Open the GBPUSD chart and select the recommended timeframe.
Drag the EA from the Navigator panel onto the chart.
Adjust input settings according to your risk preference and click OK.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

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.