Pips Master Pro

Pips Master Pro

14 August 2023, 13:18
Lachezar Krastev
3
1 760

Pips Master PRO MT4 product page:  https://www.mql5.com/en/market/product/105034

Pips Master PRO MT5 product page: https://www.mql5.com/en/market/product/105035


Please, check my other products in MQL5 Market:


Empowering your forex journey with Pips Master Pro. Unleash the power of precision and profit in the dynamic world of forex trading with the revolutionary Pips Master PRO . Crafted by seasoned traders and innovative developers, this cutting-edge forex robot redefines automated trading, equipping you with a suite of advanced systems meticulously designed to amplify your trading success..

The ultimate solution for traders seeking precision, expertise, and consistent profitability. Elevate your trading strategies with our advanced tools, comprehensive insights, and proven methods. Whether you're a seasoned trader or just starting, Pips Master Pro equips you with the knowledge and tools to navigate the dynamic forex market with confidence. Transform your trading experience today and realize your true profit potential with Pips Master Pro.

Pips Master PRO

Pips Master PRO Features:

  • Strong, pure and simple trading logic
  • Reasonable TP and SL levels
  • High spread, slippage and broker protection
  • Multiple currency pairs support
  • Low drawdown
  • New, improved, highly effective exit logic


Recommended timeframe: H1

Recommended backtest method: H1 by every tick

Supported currency pairs: USDJPY, GBPUSD, and GBPJPY.


The default settings are for USDJPY. I have prepared set files for other supported pairs too. Please scroll down to the bottom of the post. You will find all available .set files.

Please, make sure that you have loaded the .set files for each individual currency pair!


Money Management

Leave behind the guesswork and emotions that often hinder successful trading. Pips Master PRO employs a sophisticated money management system, intelligently allocating your funds to optimize returns while minimizing risks.


Broker Protection

Your trading environment's integrity is paramount. Pips Master PRO includes a robust broker protection system that ensures your trades are executed under fair conditions, shielding you from unfair practices and maintaining the transparency you deserve.


Spread Protection

Say goodbye to unexpected spread fluctuations that can erode your profits. Our spread protection mechanism safeguards your trades from unwarranted spread widening, ensuring that you maintain control over your earnings.


Slippage Protection

Preserve your trading strategy's integrity even in volatile markets. Pips Master PRO's slippage protection feature minimizes the impact of slippage, helping you secure trades at the intended price levels.


StopLoss and TakeProfit

Take charge of your risk exposure with our precise StopLoss and TakeProfit mechanisms. Pips Master PRO empowers you to define and enforce your risk-reward ratios effortlessly.


Trailing Stop System

Adapt to market movements seamlessly with our dynamic Trailing Stop system. Lock in profits as your trades progress while maintaining the flexibility to capture potential gains.


Pips Master PRO Settings:

==== Risk Management ====

  • FixedLots: fixed trading volume (works if AutoMM1=0).
  • AutoMM: values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).


==== General Settings ====

  • LongTrades: true/false to enable/disable the long trades.
  • ShortTrades: true/false to enable/disable the short trades
  • Magic: magic number - it is extremely important to keep this different for all robots.
  • MaxSpread: maximal allowed spread for position opening.
  • Slippage: maximal allowed slippage for position opening.
  • StopLoss: stop loss value in standard 4 digit pips.
  • TakeProfit: take profit value in standard 4 digit pips.
  • EA_Coment: text which will be added as a comment to each trade opened by Pips Master PRO.


==== Trailing Stop Settings ====

  • TrailingStop: value in pips. The trailing stop value
  • TrailingStopStep: value in pips. The trailing stop step value. When the profit increases the EA will move the trailing stop based on this parameter. 
  • TrailingStopAfter: value in pips. When trade's profit is equal or greater to this value the EA set trailing stop. If you set value 0 (zero) then you can disable the trailing stop system.


==== Pending Order Settings ====

  • PendingPlaceHour: the hour when the EA will place pending trades. If in PendingTF is selected D1 then the EA will place pending trades at PendingPlaceHour every day. If in PendingTF you select different time frame than D1 for example if you select H4 then you must set PendingPlaceHour=-1 in order to deactivate it and let the EA place pending on every new H4 bar. If you don't configure this correctly the EA may perform unexpectedly
  • PendingTF: the time frame of the strategy for placing pending trades. By default it is D1 which is the best choice. 
  • PendingExpireIn: value in minutes. This is the expiration time of the pending trades. If in PendingTF is selected D1 then the expiration time could be max 23. If you select different time frame in PendingTF then it is good to set expiration time less or equal to the bar time. For example if you select H4 time frame then the max expiration time in minutes could be 240 minutes
  • PendingMax: max pending trades which the EA may place.


Pips Master PRO Backtest Results


Pips Master PRO - USDJPY



Pips Master PRO - GBPUSD Backtests


Pips Master PRO - GBPJPY Backtests





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