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

Download the EA file (.ex5)
Open MT5 → File → Open Data Folder
Go to MQL5 → Experts and paste the file
Restart MT5
Open a chart and attach the EA
Enable AutoTrading
Configure settings (lot size, SL, TP, etc.)
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.