This expert advisor for MetaTrader 4 implements a grid-based scalping strategy. It places multiple trade orders at fixed intervals, defined by a configurable pip gap. The system manages a specific number of grid lines on both sides of the starting price, aiming to capture small price movements. It utilizes fixed lot si
Trading robot · MT4
Jaibot
Jaibot is a MetaTrader 4 expert advisor designed for scalping on the M15 timeframe.
GitHub stars1
Forks0
Last update6 years ago21 Jul 2020
LicenceNone stated
Overview
The software monitors a wide range of forex pairs, scanning for opportunities every five minutes via a timer-based function. It includes built-in Telegram integration using an external library to provide remote notifications and status updates. While the repository documentation is minimal, the code structure indicates a multi-currency approach. Risk management is limited to a single pip-based input parameter, and specific trade exit logic is not explicitly detailed in the available source.
- M15 timeframe scalping strategy
- Multi-currency pair monitoring
- Integrated Telegram notification system
- Timer-based market scanning
Details
Author
juzailie on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping
Markets
Forex
Timeframes
M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from Jaiholang.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Pips | int | 50 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone juzailie/jaibot from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 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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