EA Pip Scalper is a Scalper EA MT4 that trades multi-asset and multi-timeframe. It trades using a set of proprietary indicators and strategies. This article delves into the innovative approach of this EA, highlighting how it differentiates itself from traditional trading methods.
This tool is crafted from trading algorithms gained from high-frequency trading (HFT) bots, although this EA does not engage in HFT. Instead, EA Pip Scalper has adapted these advanced strategies to operate effectively without the need for the high-speed trading environment typically associated with HFT.
One of the key features of this Scalper EA MT4 is its ability to trade popular currency pairs like EURUSD, USDJPY, and GBPUSD. While it’s optimized for these assets, the system is not limited to them, allowing traders the flexibility to apply it to other markets. It’s important to note that despite its roots in HFT, the EA Pip Scalper doesn’t require the traditionally associated low spread, slippage, or quick execution broker accounts or Virtual Private Server (VPS). Of course, having a low latency VPS and a robust trading account can enhance performance, but it’s not necessary.
The system has a comprehensive set of input parameters, empowering traders to fully customize and control the strategy. This level of customization makes EA Pip Scalper suitable for a wide range of traders, from beginners looking for a robust entry into automated trading to experienced traders aiming to tweak the system to their precise specifications.
Each trade executed by Scalper EA MT4 comes with a take profit and stop loss, setting clear targets and limits for each position. What’s more, the EA employs a trailing stop-loss strategy. If a trade starts moving in a favorable direction, the stop loss is adjusted to secure profits while leaving room for further growth. This dynamic approach helps minimize risks while maximizing potential gains.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Pip Scalper Robot works, then only use it in a real account.
Recommendations for EA Pip Scalper
- Minimum account balance of 100$.
- It works best on EURUSD, USDJPY, and GBPUSD. (Work on any currency pair)
- It works best on H1 TimeFrame. (Work on any TimeFrame)
- This EA Pip Scalper should work on VPS continuously to reach stable results. So we recommend running this MT5 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – NewYorkCityServers.com)
- The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker (Find the Perfect Broker For You Here)
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Input Parameters
Money Management
- MM_RiskPercentage – Risk % per trade
Signal Generators
- Sig0_Period – Timeframe used for all internal calculation
- Sig0_Offset – Minimal period in bars between signals generated
- Sig1_SP_Offset – Period in bars
- Sig1_LP_Offset – Period in bars
- Sig1_PP_Offset – Period in bars
- Sig2_SP_Offset – Period in bars
- Sig2_LP_Offset – Period in bars
- Sig3_S_Offset – Acceleration factor
- Sig3_M_Offset – Max acceleration factor
- Sig4_P_Offset – Period in bars
- Sig4_S_Offset – Extreme threshold level
- Sig5_P_Offset – Period in bars
- Sig5_D_Offset – Standard variance
OPEN Strategy #1A … #3B
- Strat1A_Sig1 – Enable/disable strategy
- Strat1A_Sig2 – Enable/disable strategy
- Strat1A_PS_Prc – Percentage of the MM_RiskPercentage
- Strat1A_TP_Pips – Take Profit in points
- Strat1A_SL_MinPips – Stop Loss min. in points
- Strat1A_SL_MaxPips – Stop Loss max. in points
- Strat1A_SLC_MinPips – Stop Loss Control min. in points
- Strat1A_SLC_MaxPips – Stop Loss Control max. in points
CLOSE Strategy
- Close_EOW – enable/disable trading on a particular time.
- Close_EOW_Hour – Trading start hour
- Close_EOW_Minute – Trading start minute
- Close_Sig1A – Enable/disable strategy
- ….
Trailing Stop
- TStop_Pips – value in Points; offset of the current Price to set the Stop Loss to.
- TStop_Step – value in Points; minimal change in Price in the direction of the trade that will trigger Stop Loss update.
- TStop_Above – value in Points; minimal profit on the trade before triggering Stop Loss update.
Other
- Hedging – Enable/Disable opening of opposite trades
- MaxSlippage – Maximum slippage in Points allowed when sending orders
- PriceTooClose – Minimum distance in Points set from the current price so the order will be adjusted if necessary.
- MagicNumber – MagicNumber value to use if Magic_Number_Auto is set to false
- Audible_Alerts – Enable/Disable audible alerts
Conclusion of this Scalper EA MT4
In conclusion, this Scalper EA MT4 offers a blend of high-frequency trading strategies tailored to everyday traders. It allows for trading across various assets and timeframes, not requiring the high-speed trading environment of traditional HFT. Its ability to adapt to various markets and a comprehensive set of customizable parameters make it suitable for a wide array of traders. With its risk management features like take profit, stop loss, and trailing stop-loss strategies, EA Pip Scalper offers a sophisticated yet accessible approach to automated trading.
Thanks admin and a happy new year!
I was waiting for this EA Thank you Admin …… Happy new year
Das ist wieder so ein EA, der eine .dll Datei mitbringt, wo alle Kursänderungen schon hinterlegt sind und der Backtest wunderbar aussieht.
Ich habe den EA OHNE diese .dll Datei getestet und dabei kam eine Winrate von 38% raus bei einem Kontoverlust von 24 %
Aber viel Spaß euch damit und frohes neues Jahr!
Well, stdlib.ex4 is a standard library file within MetaTrader 4. This means that when you install MT4, the file will already be present.
It’s not working
I’ve tried using it for backtesting, and it’s working. However, I haven’t used it on a real account yet.
What is the license key?
When I use this EA for backtesting, I don’t have to enter any license key at all and it’s working. I don’t think you need license key as well when use this EA for real account. But I haven’t use this EA on real account.