Pips Hunter EA V2.3 MT5

Introduction

Pips Hunter EA V2.3 MT5 is an automated Expert Advisor designed for MetaTrader 5. It focuses on pip-hunting, entering trades only when market conditions align with its strategy logic. The EA is built with controlled risk, discipline, and realistic profit targets, aiming for automated intraday and short-term trading on major forex pairs. The system operates on institutional-style price action (order blocks and liquidity grabs) rather than lagging indicators, providing a disciplined approach to forex trading.

Key Features

• Fully automated execution on MT5
• Smart pip-target strategy with realistic targets
• Stop Loss & Take Profit always enabled
• Adaptive market condition filters (trend & volatility)
• No martingale, no grid, no dangerous recovery systems
• Works on multiple currency pairs (majors preferred)
• Adjustable risk per trade
• VPS compatible for 24/5 trading
• Beginner-friendly input panel

Recommended Settings

• Timeframes: M5, M15, M30
• Pairs: EURUSD, GBPUSD, USDJPY, EURGBP, AUDUSD
• Risk per trade: 0.5%–1% (conservative)
• Capital Requirements: Minimum recommended capital: $200–$500 (varies with lot size and risk settings)
• Broker: ECN/raw spread brokers preferred
• Spread filter: ON
• VPS: Recommended for stable 24/7 execution with low latency

Backtest & Performance

Backtests of Pips Hunter EA V2.3 typically show smooth equity growth with controlled drawdown. The EA avoids over-trading and offers a balanced trade frequency. Performance may vary depending on broker spread, slippage, and execution speed. Monitoring and adapting the EA’s settings according to real-world conditions is key to maximizing its effectiveness.

Advantages

• No martingale or grid trading systems, providing a safer risk profile
• Built-in Stop Loss & Take Profit on each trade
• Adaptive to market conditions
• Suitable for both beginners and experienced traders
• Works across major pairs and multiple timeframes
• VPS compatible for continuous automated trading

Disadvantages

• Requires understanding and proper configuration
• Real results depend on broker conditions, spread, slippage, and execution speed
• Aggressive risk settings can still lead to drawdowns if misused.

Support & Disclaimer

Support

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

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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.