An automated MetaTrader 5 expert advisor that executes a bi-directional grid trading strategy. It uses the Average True Range (ATR) indicator to dynamically calculate grid spacing, allowing the system to adapt to current market volatility. The robot supports neutral, bullish, and bearish modes. It includes risk managem
Trading robot · MT4 · MT5
USDJPY Buy Down EA
This MetaTrader expert advisor implements a grid-based buying strategy specifically designed for USDJPY.
High risk
GitHub stars1
Forks0
Last update1 year ago27 May 2025
LicenceNone stated
Overview
USDJPY Buy Down EA places buy orders at fixed pip intervals below a specified base price, accumulating positions as the market moves lower. The robot manages a basket of trades and exits all positions simultaneously once the combined floating profit and accrued swap interest reach a break-even point or higher. Risk is controlled through a maximum position limit and fixed lot sizing, though the strategy does not use hard stop losses for individual trades and the provided documentation is minimal.
- Fixed interval grid entry logic
- Swap-inclusive break-even basket exit
- Maximum position count limit
- Configurable base price and pip intervals
Details
Author
wista110 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
Grid, Mean reversion
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
Input parameters
Read from BuyDownUSDJPY.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lots | double | 0.01 | |
MaxPositions | int | 10 | |
BasePrice | double | 157.00 | |
PipInterval | int | 30 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone wista110/MT4demo from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .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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