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Algo Samurai is an MT4 expert advisor that places pending stop orders on M30 charts, with defaults tuned for EURUSD and USDJPY. It offers fixed or automatic lot sizing, a trading-hours filter and a profit-lock trailing feature.
Get one message the moment it launches, with its price.
Algo Samurai is an automated expert advisor for MetaTrader 4. It is designed for the M30 timeframe and ships with default inputs aimed at EURUSD and USDJPY. It trades at a low frequency, using pending stop orders placed a set distance from the current price.
The EA watches price movement on the chart it is attached to and places pending orders at a configurable distance from the market. Those orders are modified over time according to time and price difference inputs, so they follow the market rather than sitting in one place. Each trade carries a stop loss and a take profit, and a profit-lock feature trails the position while it is open to protect part of any open gain.
The author describes the approach as self-adaptive and says it avoids martingale and hedging. Because the store lists this product under a grid tag, you should confirm on a demo account how many orders and positions appear at the same time before you commit real funds.
The default values are meant for EURUSD and USDJPY on M30. Running the EA on other symbols or timeframes means you must test and adjust it yourself. Trading activity is low, so it can take a while to see a meaningful sample of trades.
| Input | Purpose |
|---|---|
| Magic number | Identifies the orders belonging to this EA |
| FIFO rules | Cancels the opposite pending order for FIFO brokers |
| Auto lot / fix lot | Chooses dynamic or fixed position size |
| Autolot mode | Preset sizing levels (safe, moderate, expert) |
| Custom risk | Your own risk value for lot calculation |
| Stop loss / take profit | Exit distances in points |
| Order step | Distance of pending orders from market |
| Time and price difference | Rules for modifying stop orders |
| Start hour / stop hour | Window in which new trades may open |
| Order comment | Text label attached to trades |
The stop hour only blocks new entries; the profit lock keeps working on trades that are already open. Check the input tab after loading the EA for the exact default values on your copy, and compare lot sizes against your own balance before going live.
Trading leveraged forex carries a high level of risk and may not suit everyone. Past results, including backtests and signal histories, do not predict future ones. A stop loss is attached to trades, but whether it fills at the intended price depends on your broker. Only trade with money you can afford to lose.
Run it on a demo account first so you can observe order placement, lot sizes and profit-lock behaviour with your broker before using a live account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Default markets | EURUSD and USDJPY |
| Timeframe | M30 |
| Trade style | Pending stop orders with stop loss, take profit and profit lock |
| Lot sizing | Fixed lot, automatic lot modes or custom risk |
| Account balance | Low minimum; larger balances suggested by the author |
| Requirements | Low spread broker; VPS recommended |
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No. This is an MT4 expert advisor. It will not load on MetaTrader 5, so make sure your broker offers an MT4 account before you buy.
The default inputs are designed for EURUSD and USDJPY on the M30 chart. Other symbols or timeframes would need your own testing and are not covered by the defaults.
Copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto an M30 chart and enable automated trading.
It is not mandatory, but the system trades infrequently and relies on pending orders and a trailing profit lock, so a stable, always-on connection is strongly advisable.
Pick a broker with low spreads and little slippage, since the logic depends on execution quality. If you are in a FIFO-regulated region, check the FIFO input and confirm the rules with your broker.
Backtests are a starting point only. Trading carries risk and past results do not predict future ones, so test on a demo account with your own broker data before using real money.
Algo Samurai
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