Ajip 3 EA: Free MT5 Expert Advisor

Overview

Ajip 3 EA monitors price action across two timeframes, typically using M15 for trend identification and M1 for execution. The strategy involves opening multiple layers of positions based on candle breaks, categorized into aggressive and ideal order types. Risk is managed with specific stop loss points, trailing stops, and a break-even function. The EA supports up to 50 concurrent layers per setup, though the repository lacks documentation on specific pair optimization.

200-period SMA trend filtering

Dual timeframe candle break execution

Automated trailing stop and break-even logic

Configurable aggressive and ideal order layering

Details

Author

pijarajip7 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout, Grid

Markets

Any symbol

Timeframes

M1-M5, M15-H1

Risk Profile

Opens a grid of orders: exposure builds up in a trend

EA Files

Ajip3EA.mq5

Source

github.com/pijarajip7/Ajip3EA

Input Parameters

Read from Ajip3EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`TimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_M15`
`LowTimeFrame`	`ENUM_TIMEFRAMES`	`PERIOD_M1`
`MALength`	`int`	`200`
`DebugEnabled`	`bool`	`true`
`AggresiveOrderEnabled`	`bool`	`true`
`TrailingStopEnabled`	`bool`	`true`
`TPBEPEnabled`	`bool`	`true`
`LotSize`	`double`	`0.02`
`MaxLayers`	`int`	`50`
`SLPoint`	`int`	`10000`
`TrailingStopTriggerPoints`	`int`	`10000`
`TrailingStopStartPoints`	`int`	`5000`

Show all 21 inputs

Name	Type	Default
`TrailingStopStepPoints`	`int`	`2500`
`TPBEPPoints`	`int`	`5000`
`ILotSize`	`double`	`0.05`
`IMaxLayers`	`int`	`50`
`ISLPoint`	`int`	`10000`
`ITrailingStopTriggerPoints`	`int`	`10000`
`ITrailingStopStartPoints`	`int`	`5000`
`ITrailingStopStepPoints`	`int`	`2500`
`ITPBEPPoints`	`int`	`5000`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone pijarajip7/Ajip3EA from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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