Pound / Dollar trading bot for MetaTrader 5
Cable is fast and decisive once London and New York overlap. Breakouts through higher-timeframe levels tend to run, which suits Mercury’s 3R targets.
GBPUSD, backtest January 2016 → October 2026, after costs.
How Mercury trades GBPUSD
Mercury runs all five strategies on GBPUSD: breakouts through H4 fair value gaps, daily and H4 swing levels, yesterday’s value area and untested daily POCs. Each trade needs a decisive close through the level and a confirming candle, enters between 12:00 and 16:00 UTC, carries a fixed stop and a 3R or 4R target, and is closed after eight hours at the latest. Mercury holds at most two GBPUSD positions at a time.
When Mercury trades GBPUSD
GBPUSD is most active while London and New York overlap, which is Mercury’s whole 12:00 to 16:00 UTC window. Breaks of daily and H4 levels in this window tend to follow through rather than drift.
What moves Pound / Dollar
- • Bank of England and Federal Reserve rate decisions.
- • UK inflation, wages and growth data.
- • US data and general dollar demand.
GBPUSD at your broker
Brokers name this market differently: GBPUSD, GBP.USD, or GBPUSD with a suffix such as GBPUSD.pro, GBPUSD.ecn or GBPUSDm. The Mercury Bridge EA recognises these names automatically.
Sizing and costs on GBPUSD
The pound moves further than the euro on most days, so stops are wider in pips. Mercury adjusts the position size so the amount at risk stays the same; on a small account a wide stop can mean the minimum lot is too big, and that trade is skipped.
In the backtest
From January 2016 to October 2026, after costs: 145 trades, 39% winners, an average winner of 2.31R and a deepest drawdown of 16.1R. Most trades lost; the result came from winners being larger than losers. Simulated, not live.
GBPUSD questions
- Does Mercury trade GBPUSD and EURUSD at the same time?
- It can. Each market has its own limit of two open positions, and every trade carries its own stop.
- What does a slippage limit mean on GBPUSD?
- If the price your broker fills is too far from the signal price (more than a quarter of the stop distance), the EA refuses the order instead of entering at a worse price.
Hypothetical results from a backtest — simulated trades on historical prices with raw-spread costs (0.1 pip spread and $3.50 commission per side; index futures equivalent), not actual trading. The rules were built on 2012–2019 prices and checked on later years, but the results shown include the years they were built on, so live results are likely to be lower; your broker’s spreads, slippage and execution can differ. Past or simulated performance does not guarantee future results. Trading leveraged products can lose more than you expect.