Pip Collector

EA based on collecting few pips for each trade. 

 Provided with several exit systems, such as positive equity exit (parameterizable) or positive profit exit.

Use the martingale system to facilitate the exit.

Pip Collector mt5

==> Operations Configuration <==

• Tamaño de lote inicial → Initial lot size→ Initial opening lot per trade.

• Take Profit → Take profit in pips

• Spread máximo → Maximum Spread→ Maximum Spread filter. It is recommended to delimit this value as much as possible, placing it at 1 or 2 if possible.

• Multiplicador (Martingala) → Multiplier (Martingale)→ Multiplier factor. Applies to the martingale system. If the value is set to 1, the martingale system will be canceled by always multiplying the value of the initial lot by 1.

• Lote máximo → Maximum lot → Maximum lot that will be applied in martingale. Once the latter has arrived, it will continue to open positions with the maximum lot allowed.

==> Time settings <==

• Hora Inicio → Start time→ Start of operation

• Hora Fin → End time→ End of operation

Outside these hours, the EA will not open new operations, but it may close by closing for profit or closing for equity.

==> Output Configuration <==

• Cierre por profit → Closing by profit → Global closing by sum of profits (in euro/dollar/…)

• Cierre por equidad → Closing for equity→ Global closing for equity. Upon reaching the value stipulated in this parameter, the EA will close all operations upon reaching that value (in euro/dollar/...) of positive equity with respect to the last balance without operations. In this way it is possible not to leave operations hooked away from the current price by resetting the operation, and updating the balance that the EA will take into account in this parameter from the date.

• Porcentaje de profit diario → Daily profit percentage → Daily profit target in percent. Once reached, as long as there are no open trades, the EA will stop trading until the time marked in "Start Time". The percentage is taken from the current balance, not from the initial deposit. This is another way to provide greater security, since "the more you are in the water, the more likely you are to drown."

• Máximo DD? → Maximum DD? → true/false. Activating this option (true) the EA marks a maximum percentage of negative float “Maximum percentage of DD”.

• Porcentaje máximo de DD→ DD Max Percentage → Negative Float Max Percentage. If hit, IT WILL CLOSE ALL TRADING AND SHUT OFF THE EA. The EA will not be restarted until manually done by the user.

DISCLAIMER

Do not forget to regularly Optimize the EA to adapt it to the desired instrument, timeframes and events.