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Pound Yen Trader is an MT5 expert advisor built for the GBPJPY pair on the M15 chart. It uses its own signal logic with trend entries and optional trailing stop and grid-style features, so review the inputs before trading live.
Get one message the moment it launches, with its price.
Pound Yen Trader is an expert advisor for MetaTrader 5 that trades a single instrument, GBPJPY, on the 15-minute chart. It combines its own signal logic with trend-following entries and optional position-management features such as a trailing stop and grid-style averaging.
The robot reads price action on the M15 chart and looks for patterns that it treats as the start of a directional move. When conditions are met it opens a position, and it can then manage that position with a trailing stop. Optional features may add further orders at set price distances, which is how grid and martingale-style behaviour is usually implemented. Because these options change exposure a great deal, you should understand exactly which ones are switched on in your configuration before running it on a live account.
The entry logic is described as being tailored to GBPJPY rather than reused from a generic template. In practice that means the settings and filters are tuned for the way this pair moves, which tends to be fast and sensitive to session changes and news. Treat any claim about tuning as something to verify with your own tests.
The exact input names and defaults are explained in the documentation supplied with the product, so check it before you change anything. The table below lists the areas you will normally want to review.
| Area | What to check |
|---|---|
| Lot size or risk mode | Start small; confirm how the size is calculated |
| Trailing stop | Whether it is enabled and at what distance |
| Grid or martingale options | Whether they are on, the step size and the maximum number of orders |
| Spread and time filters | Limits that stop trading in poor conditions |
| Magic number | Keep unique if other EAs run on the account |
The vendor suggests a minimum deposit of about 100 USD. Treat that as a starting point only, and confirm what balance suits your lot size and any grid settings.
Trading carries risk, and past or backtested results do not predict future ones. Grid and martingale-style features can enlarge losses when the market trends against open positions. Test on a demo account first and never risk money you cannot afford to lose.
For continuous operation, many traders use a VPS so the terminal stays connected. Monitor the first trades closely and compare spreads and execution with what you saw in testing.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading robot |
| Symbol | GBPJPY only |
| Timeframe | M15 |
| Trade style | Trend signals with optional grid and trailing features |
| Account type | Hedging account; low-spread ECN or raw preferred |
| Suggested minimum deposit | Around 100 USD per the vendor; confirm with your broker |
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It is designed for GBPJPY on the M15 chart only. Attaching it to other symbols or timeframes is outside its intended use, and any results there would be untested. Attach it to a GBPJPY M15 chart and leave it there.
This listing is the MT5 edition and will not load in MetaTrader 4. A separate MT4 version exists, so check the store for that edition if your broker only offers MT4.
Use a hedging account with tight spreads, such as an ECN or raw-spread type. Because the robot trades a volatile pair on a short timeframe, wide spreads and slow execution can change how it behaves. Ask your broker about account type and symbol suffixes before you start.
No approach is safe in an absolute sense. The EA offers grid and martingale-style options, which can increase exposure when price moves against open positions. Test on a demo account first, use conservative sizing, and only trade money you can afford to lose.
Copy the expert advisor into the Experts folder via File, Open Data Folder, MQL5, Experts in MetaTrader 5. Restart the terminal or refresh the Navigator, drag the EA onto a GBPJPY M15 chart, and enable Algo Trading. Read the included documentation for the meaning of each input.
Nobody can promise that. Trading carries risk, and past or backtested results do not predict future ones. Run your own tests with your broker's data and spreads before using real funds.
Pound Yen Trader
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