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Version 4.3: Boring Pips EA is now safer

23 November 2024, 14:27

Thi Thu Ha Hoang

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Hello everyone, Andy here.

Since the launch of the Boring Pips EA, the most significant challenge I've faced has been earning the trust of users, rather than just ensuring consistent performance.

After thorough testing and valuable feedback from our current users, I’m excited to announce that the time has come to release an updated version. Boring Pips EA version 4.3 includes the following enhancements:

1. The EA no longer uses medium-reliability entry signals in the default settings. While these signals increased trading frequency, they were not as reliable as expected and contributed to the Drawdown in June 2024. Users can still access these signals by selecting 'Personalised setting'; see the conversion table from version 4.x to 4.3 at the end of this article.

2. A new "Risk Management" feature has been added, allowing users to set Drawdown levels as a percentage of their balance instead of in base currency, triggering Close/Stop actions accordingly.

Users must first choose a method in 'Drawdown Calculation', then input the value in the 'When getting this DD level' section:

- For percentage-based calculations, 100 indicates 100% of the account balance.

- For calculations in base currency (USD), 100 represents 100 USD.

3. The lot increase coefficient has been slightly reduced, resulting in a less aggressive volume increase.

For users in Boring mode and Low risk mode, there will be no impact. Medium risk will see a 25% reduction in trading frequency, while High risk will decrease by 33% compared to previous versions, ensuring that only the most reliable signals are used.

If you wish to maintain the same trading frequency with Medium and High risk, enable 'Personalised Trading Style' and select 'Higher' for 'Trading Frequency.' Please refer to the conversion table.

High-risk settings like High risk mode + Higher Frequency or Medium risk mode + Higher Frequency in version 4.x (includes entry signals and volume allocation for each type) are no longer supported in version 4.3, so please consider this before upgrading. Alternatively, you can increase the 'Base balance' from 120-150 to allow the EA to trade at 1.2 - 1.5 times the standard volume, which will increase both profit and risk. This approach can enhance performance without relying on medium-quality entry signals.