Pip Hunter EA V1.1 MT5

Introduction

Pip Hunter EA V1.1 MT5 is an automated trading system designed for the MetaTrader 5 platform. It uses algorithm-based logic to analyze market conditions, execute trades, and manage positions without manual intervention. The EA is built to provide consistent and disciplined trading by removing emotional decisions and enabling continuous market monitoring.

Key Features

• Fully automated trading with no manual intervention required
• Built specifically for MetaTrader 5 for faster execution and performance
• Uses algorithmic strategy combining trend and momentum analysis
• Includes built-in risk management (stop-loss, take-profit, lot size control)
• Supports multi-currency pair trading
• Works on multiple timeframes such as M5, M15, and H1
• Continuous 24/5 market monitoring
• Customizable input settings based on trader preference

Recommended Settings

• Timeframe: M5 or M15 for optimal performance
• Currency Pairs: EURUSD, GBPUSD, USDJPY (major pairs preferred)
• Lot Size: 0.01 per $100 balance (adjust based on risk level)
• Stop Loss: 20–40 pips depending on market volatility
• Take Profit: 30–80 pips
• Max Open Trades: 2–4 trades to control risk
• VPS: Recommended for uninterrupted operation

Backtest Result

• Can be tested using MT5 Strategy Tester with historical data
• Results vary based on broker conditions, spread, and settings
• Typically shows consistent trade execution in stable market conditions
• Drawdowns may occur during high volatility or news events
• Demo testing is strongly recommended before live trading

Advantages

• Saves time by automating trading
• Executes trades quickly and efficiently
• Removes emotional decision-making
• Provides consistent and disciplined trading approach
• Works continuously during market hours
• Supports multi-pair trading for diversification

Disadvantages

• No guarantee of consistent profits
• Risk of losses and drawdowns
• Requires monitoring for technical issues
• Depends on MT5 platform and internet connection
• Strategy is not fully transparent
• May require optimization for different conditions

Installation & Setup Guide

1. Download the EA file (.ex5)
2. Open MT5 → File → Open Data Folder
3. Go to MQL5 → Experts and paste the file
4. Restart MT5
5. Open a chart and attach the EA
6. Enable AutoTrading
7. Configure settings (lot size, SL, TP, etc.)
8. Test on a demo account before live use.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.