GbpJpyTrend: a risk-first GBPJPY pullback EA (H4 trend + H1 reclaim)

A GBPJPY H1 pullback trend follower: H4 EMA200 bias, H1 EMA50 reclaim after a pullback, ADX gate, ATR hard stop and a daily loss cap. No grid, no martingale.

GbpJpyTrend: a risk-first GBPJPY pullback EA

GBPJPY is one of the most traded cross pairs on MQL5 — and one of the most volatile majors. Most "GBPJPY bots" either chase every tick or hide a grid recovery under the hood. GbpJpyTrend does neither. It is a pullback trend follower built around a simple, inspectable rule: only trade in the direction of the bigger trend, only after price has pulled back and reclaimed the mean.

The idea in one paragraph

On the H4 chart it checks the 200-period EMA to decide the bias: up if price is above it, down if below. Then on the H1 chart it waits for a real pullback to the 50-period EMA and a clean reclaim — the previous closed bar must close back above the EMA (long) or below it (short). ADX above 20 confirms the move has strength. That is the whole entry logic. No indicators stacked to fifteen, no secret sauce.

Why this shape

• A higher-timeframe bias filter keeps you from buying dips in a downtrend.
• A pullback entry, not a breakout entry, means you join momentum after it has breathed — a better location for a hard stop.
• ADX is a gate, not a signal: it simply refuses weak, choppy conditions where a trend EA would be whipsawed.

Risk model (the part that matters most)

Every position opens with a hard ATR stop at 2 times ATR. The target is 3 times ATR (about 1.5R). After the trade is up 1R the stop moves to break-even, then it trails by ATR. There is no grid, no martingale, no averaging. A daily loss cap (default 4 percent) closes the position and stands the EA down for the rest of the day. An optional London and New York session window keeps it out of the thin, spike-prone hours.

Sizing

Use the percentage-risk input so a full stop equals your chosen share of balance (0.5 to 1 percent per trade). GBPJPY moves far in points, so let the EA size the lot from the stop distance rather than guessing a fixed lot.

FAQ

Does GbpJpyTrend use grid or martingale?

No. Every trade carries a hard stop and the EA never adds to losers. The daily loss cap is a seatbelt, not a recovery system.

Which chart do I attach it to?

Attach the EA to the GBPJPY H1 chart. It reads the H4 EMA on its own; you do not need a second chart.

What broker and host do you recommend?

An ECN broker with tight GBPJPY spreads and a VPS near the trade server. GBPJPY can be spread-sensitive during news, so the spread filter and session window are worth tuning.

Is it compiled or source?

GbpJpyTrend ships as MQL4 source you compile in MetaEditor with F7 (see the MT4 README). It activates against eabase.pro with your license key.

GbpJpyTrend is the latest addition to the EAbase risk-first lineup, joining CryptoTrend, NasdaqBreak, and Gold–Silver StatArb. All carry a hard stop on every trade and a daily loss cap.