The Pips Multiplier MT4 EA is a a trend-following EA that enters the market based on three filters. Every position has virtual Stop Loss and a Take profit set by the user and visible to you but invisible to the broker. This prevents dishonest brokers to manipulate the market price in order for you to hit your stop loss and lose your trade. This EA was created with the ease of use in mind by using minimal settings and hardcoding the more complex settings. The EA works on all Forex pairs and on any timeframe.
If you’ve been trading for some time you already know trading manually is not easy, let alone having a day job, kids, running a busy life style or perhaps you are a terrible manual trader because keep braking rules and blowing your trading accounts. If this sounds like you and you're tired of trading in the middle of the night trying to make a living ! EA trading is the ultimate choice by far and it's not hard to understand why, EA trading has a lot of benefits compared to manual trading. Let's face it, to be a good manual trader it takes a lot of patience and discipline that most traders don't have.
Most traders knows this but for those of you who are new to EA trading, EA’s are programming codes that automates a strategy by opening and closing trades on your behalf at lightning speeds and all on auto-pilot. EA's are much faster than any human can ever be. They don't make mistakes, they never brake any rules, they never get tired or sick and never miss any trade opportunities. they never fall asleep or complain and will trade for you 24/5 without fatigue all day long, every day and even while you sleep all on auto-pilot, the advantages are so obvious and the potential is even bigger.
The EA Graph and report provided on this page are back test data on a $ 1000 account using a fix 0.1 Lot size covering the period from January 2022 to mid of March 2023 which is when the EA was published, the EA brought the $ 1000 account to $ 73 000 using a lot size of only 0.1 for the whole period, of course increasing the lot size will increase the total profit but also increase the risk> The data clearly shows the potential of this EA of a small account with a small lot size. We tested the EA with a $100 account for those of you with smaller starting capital and the results were also very good.
Once the EA is optimized to your broker this EA will provide very good returns on your investment. When the EA lose a trade it lose small amounts compared to the big gains it generates when optimized correctly.
The EA works best in trending markets. It has 3 custom filters to open the trade positions
- The EA works on any Forex pairs on any time frame
- Every position have fixed Take Profit and Stop Loss set by the user, therefore cannot blow your account when properly set.
- The EA is coded to create virtual Stop Loss and Take Profit meaning you can see your TP and your SL virtually on your MT4 trading platform but the broker cannot see your SL and your TP in your live or Demo accounts. This prevents dishonest brokers from manipulating market price just to make you hit your stop loss and make you lose your trades instead of winning your trades and make money. Unfortunately, there are dishonest brokers out there that will manipulate the price for you to lose to their advantage. This feature is a clever way to help preventing this from happening which helps to protect you and your account.
- This EA is not a high frequency trading robot , like any EA’s it will trade only when all the rules and filter conditions are met, be patient and let the EA do it’s work all the way, you will see the results ! If you know how to correctly optimize any EA, this EA can be very profitable. My results may not necessarily be your results for all the reasons described here. Remember that the EA will follow your rules to the T, if you fail to set them correctly, the EA could fail as well based your settings ! This EA is not a Grid system and works on any type of trading accounts that allows the use of EA’s.
- This EA uses Martingale as a recovery method. Once set according to your account size it will produce very good results, see provided screenshots.
The Pips Multiplier EA was tested and successfully passed all stress test with slippage and commission taken into account and using real ticks with 99,9% quality model, your results should be very close from those when optimized correctly.
All Input Parameters are set by the user other than the ones that are embedded and hard coded, those cannot be changed nor seen by the user.
Obtaining best profitable set files from current market conditions and adjusted to your broker can easily be achieved using the strategy tester. Do not use any default settings or someone else settings! Different brokers, spreads, slippage and speed of execution will produce different results from user to user and Pc to Pc no matter which EA you are using, this is why you have to create your own set files. This is a Golden rule for any EA user.
Parameters
- Lot: lot size of opened trades on trigger signals , this is set by the user. Please adjust according to your account size and threshold. Never trade in a live account without optimizing any EA and testing your settings in a demo account first. EA’s can produce fantastic results and very quickly but can also blow your account if you do not know what you are doing, the same risk exist when trading manually as well, trading with a robot is no different. There’s a learning curve and some homework to do, same for manual trading.
- Stop Loss (pips): Stop Loss in pips set by the user, those are virtual and cannot be seen by the broker but can be seen by you on your MT4.
- Take Profit (Pips): Take profit in Pips set by the user, those are virtual and cannot be seen by the broker but can be seen by you on your MT4.
- Filter 1, Filter 2 and Filter 3 are used as signals to open the trading positions which are set by the user.
- Magic Number: EA Identification number used when running multiple instances of the same EA on one currency pair, this value is to be changed for each instance.
- Recovery factor: Used by the EA to recover from losing trades, set this value based on your trading account size.
- Symbol: Works on any currency pairs
- Time Frame: Any
- Minimum deposit: $100
- VPS: R ecommended but not mandatory
- Leverage: Any
Backtest
During the development, the EA was tested using 100% history quality data. Use only 100 % quality history data to test any EA’s, broker’s history data are broken data with missing information for every candle stick and is of poor quality, the results produced by such broken data will produce false results and will not reflect the reality in a real live trading account. Free and paid quality tick data can easily be found on on the Web.
If you have any questions or need help with setting up the Expert Advisor up, do not hesitate to contact me. We always try to reply as quickly as possible.
Understand the risks involved in trading, past performance is not a guarantee of future results. Your results may differ from my results based on your experience, your broker’s spreads, slippage, commission fees, your PC speed, trade speed of execution due to your internet speed, your connection and so on
