The Pip Breaker V2 EA Forex robot for MT4 was designed to trade the 4 hour time frames with the help of two pending orders, buy stop and sell stop.
The EA has an amazing 92.73 % win percentage and does not use any dangerous trading methods (grid, martingale) to turn an array of bad trades into positive results.
However, this EA reported a small loss during the test period but should do well over a longer trading period.
According to the programmer, this trading bot works best on the major pairs (low spread).
The Pip Breaker V2 EA can be used with any Forex broker and works for the H4 time frame only.
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 Pip Breaker V2 EA track record (click on the picture for full size view).
- Profit factor: +1
- Winning percentage: 92.73%
- Drawdown: 13.9%
- Wins/losses ratio: 12.76
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Recommendations & Specifications
- Trading instruments: major currency pairs
- Time frames: H4
- Minimum account balance: $250
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the Pip Breaker V2 expert advisor attached to the EUR/USD 4-hour chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lot size, stop loss, trade hour, start minute, end hour, money management, percent to risk
How to install and run the Pip Breaker V2 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 Pip Breaker.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 Pip Breaker V2 EA!