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DowJones Hammer (MT5) — review, price and free alternatives
MT5 expert advisor$199 on MQL5by Jayesh Chandran Kalli Valappil
DowJones Hammer is a MetaTrader 5 expert advisor by Jayesh Chandran Kalli Valappil, sold on the MQL5 Market for $199. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
DowJones Hammer — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Instrument named in the listing
- US30 (Dow Jones)
- Developer
- Jayesh Chandran Kalli Valappil
- Price
- $199
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded DowJones Hammer on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
DowJones Hammer Overview US30 Range Break is an automated Asia-session breakout system for the US30 (Dow Jones) on the M30 timeframe.
Before you buy DowJones Hammer
What the developer claims
- It brackets the Asian range with pending stop orders and manages every trade with a defined stop-loss and take-profit, a daily trade cap, and built-in spread, slippage, and range filters.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on DowJones Hammer
Compiled from its public MQL5 listing. FxRobotEasy has not traded DowJones Hammer; what these notes say about how it works comes from that listing.
Overview
DowJones Hammer by Jayesh Chandran Kalli Valappil represents a comprehensive automated trading solution for MT5 traders. What sets DowJones Hammer apart is its balanced approach to trade execution and capital preservation.
Risk notes
DowJones Hammer implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Jayesh Chandran Kalli Valappil
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing DowJones Hammer on MT5 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Looking for a trading robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Trendopedia AIby FxRobotEasy
Our trend-following robot for the major FX pairs
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Trendopedia AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Trendopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
DowJones Hammer or Trendopedia AI?
| DowJones Hammer | Trendopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($199) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Jayesh Chandran Kalli Valappil | FxRobotEasy |
DowJones Hammer — questions
What is DowJones Hammer?
DowJones Hammer is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Jayesh Chandran Kalli Valappil, priced at $199 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does DowJones Hammer work on MT4 or MT5?
DowJones Hammer runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does DowJones Hammer cost?
DowJones Hammer is a paid product listed at $199 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-06-03. It is sold and downloaded through the developer's (Jayesh Chandran Kalli Valappil) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for DowJones Hammer?
FxRobotEasy has not traded DowJones Hammer on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for DowJones Hammer elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.