Yoyo EA MT4
Daily 5 buy + 5 sell pending order grid | Time-based | Bidirectional | MT4
About Yoyo EA MT4
The Yoyo is an automated Expert Advisor for MetaTrader 4, available on the MQL5 Market (product/22525). The system operates on a time-based pending order grid strategy — it creates 5 buy limit pending orders and 5 sell limit pending orders daily at a specific configured time and period, with a set gap between orders. This approach places a symmetrical ladder of pending orders above and below the current price each session, capturing moves in either direction from the configured entry zone. The configurable gap spacing between orders determines how much price movement is needed to trigger each successive pending order in the grid.
- Platform: MetaTrader 4
- Strategy: Time-based pending order grid — 5 buy limits + 5 sell limits per day
- Execution: Placed at a configured time and period with a set gap
- Direction: Bidirectional — catches moves up or down from the daily entry zone
- Source: mql5.com/en/market/product/22525
Key Features
✓ Time-based pending orders — orders placed at a specific daily time for session-based entries
✓ 5+5 bidirectional grid — captures moves in either direction without manual direction bias
✓ Configurable gap — adjust order spacing to match your instrument's average daily range
⚠ Grid strategies carry extended drawdown risk in strong trending markets — manage lot sizes carefully
⚠ Pending orders not triggered by end of session should be cancelled — verify the EA handles this automatically