The EndlessPips Forex scalper robot for MT4 uses a proprietary trading system to place pending buy & sell orders with great precision.
The EA has a 78.58 % win percentage and does not use any dangerous trading methods (grid, martingale) in the hope to turn a string of bad trades into positive territory.
This Forex trading bot uses small take profits and stop losses by default.
According to the developer, the EndlessPips EA works best on the M5 trading charts.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Strategy Tester Report
Find below the EndlessPips EA track record (click on the picture for full size view).
- Profit factor: +12.47
- Winning percentage: 78.58%
- Drawdown: 2.22%
- Wins/losses ratio: 3.67
Download This Expert Advisor
Recommendations & Specifications
- Trading instruments: major currency pairs (EUR/USD, GBP/USD, USD/JPY,…)
- Time frames: M5 (should work on any time frame)
- Minimum account balance: $100
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the EndlessPips expert advisor attached to the EUR/USD 5-minutes chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Engine set, magic, take profit, stop loss, risk, maximal spread, virtual profit, buy size, sell size
How to install and run the EndlessPips EA?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the EndlessPipsV2.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the EndlessPips EA!