Algo Forex (USDJPY) is a backtesting-only trading bot designed for the Forex market, specifically for the USDJPY currency pair on a weekly timeframe. It operates two independent strategies: one trading only buy orders and the other only sell orders. Users can run either strategy individually or both simultaneously. The bot initiates trades when the price moves a specified distance from the current bar open, then builds a grid of limit orders spaced by a configurable step value. A profit cycle closes all positions and cancels pending orders once the net profit on that side is positive.
This trial version is intended solely for backtesting and cannot execute live or demo trades. The full version supports live trading. The strategy employs a Martingale and grid structure, increasing risk during volatile market conditions. It is recommended for use in proprietary trading firm environments rather than standard CFD broker accounts. Users should thoroughly test on demo accounts before live deployment.
Key features:
- Market: Forex only (USDJPY)
- Timeframe: Weekly
- Dual independent buy/sell strategies
- Grid and Martingale order placement
- Profit cycle closure mechanism
- Backtesting with tick data from Spotware
This product is not suitable for live trading in regular CFD accounts and is provided for evaluation and testing purposes.