Pip Scalper EA MT4 Free Download Pip Scalper EA MT4 FREE Download

EA Pip Scalper is a Scalper EA MT4 for trading multiple assets and multiple time frames. It uses a set of proprietary indicators and strategies for trading. This article takes an in-depth look at this EA's innovative approach, focusing on how it differs from traditional trading methods.

This tool is crafted based on trading algorithms obtained from High Frequency Trading (HFT) robots, although this EA does not participate in HFT. Instead, EA Pip Scalper employs these advanced strategies to operate effectively without the need for the high-speed trading environment typically associated with high-frequency trading.

The system features a comprehensive set of input parameters, allowing traders to fully customize and control their strategies. This level of customization makes the 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 tune the system to their own precise specifications.

Every trade executed by Scalper EA MT4 comes with Take Profit and Stop Loss, setting clear targets and limits for each position . What's more, the EA uses a trailing stop loss strategy. If the trade starts to move in a favorable direction, the stop loss is adjusted to ensure profits while leaving room for further growth. This dynamic approach helps minimize risk while maximizing potential returns.

Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how Pip Scalper Robot works, but only use it on a real account.

EA point value scalping advice

• Minimum account balance is 100$ .
• It works best on EUR/USD, USD/JPY and GBP/USD. (Applies to any currency pair)
• It works best on H1 generally. (works in any time frame)
• This EA Pip Scalper should work continuously on VPS to achieve stable results. Therefore, we recommend running this MT5 EA download on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
• The EA is not sensitive to spreads and slippage . But we recommend using a good ECN broker ( find the best one for you here )

Input Parameters

Money Management

• MM_RiskPercentage – Risk % per trade

Signal Generators

• Sig0_Period – time frame used for all internal calculations
• Sig0_Offset – Minimum period between generated signals (expressed as bars)
• 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 coefficient
• Sig3_M_Offset – Maximum 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 MM_RiskPercentage
• Strat1A_TP_Pips – Profit with Pips
• Strat1A_SL_MinPips – minimum stop loss in pips
• Strat1A_SL_MaxPips – maximum stop loss in pips
• Strat1A_SLC_MinPips – Stop loss control minimum value in pips
• Strat1A_SLC_MaxPips – maximum stop loss control in pips

CLOSE Strategy

• Close_EOW – Enable/disable trading at a specific time.
• Close_EOW_Hour – Trading start hour
• Close_EOW_Minute – transaction start minute
• Close_Sig1A – enable/disable policy
• ….

Trailing Stop

• TStop_Pips – points value; offset from the current price at which stop loss is set.
• TStop_Step – Points value; the smallest change in price in the direction of the trade will trigger a stop loss update.
• TStop_Above – points value; the minimum profit of a trade before triggering a stop loss update.

Other

• Hedging – enable/disable opening of opposite trades
• MaxSlippage – Maximum pip slippage allowed when placing an order
• PriceTooClose – minimum distance in points from the current price, so the order will be adjusted if necessary.
• MagicNumber – The MagicNumber value used when Magic_Number_Auto is set to false
• Audible_Alerts – enable/disable audio alerts