Pip Step EA v1.5 MT4 (Works on Build 1441+) | Forex Robot | MT4 Expert Advisor

Pip Step EA v1.5 MT4 refers to an Expert Advisor, or automated trading bot, designed to operate within the MetaTrader 4 trading platform. It appears to be a specific version (v1.5) of an EA that focuses on trading based on "pips," which are points in price, a measure of currency exchange rate changes. 

Key Information:

• Platform: MetaTrader 4 (MT4)
• Purpose: Automates forex trading using a pip-based strategy.
• General Functionality: Likely involves placing trades at specific pip intervals, possibly with trailing stops or grid trading, as "pip step" refers to price movement increments (e.g., a trailing step of 50 pips moves after 50 points of price change)

Core Functionality:

The most common interpretation of a "Pip Step EA" is an Expert Advisor that manages stop-loss (SL) levels, take-profit (TP) levels, or opens new trades based on fixed "steps" or increments of pips. This can manifest in several ways:

1. Fixed Step Trailing Stop: This is the most prevalent use of "pip step."

• The EA automatically moves the stop-loss of an open trade in the direction of profit by a predefined "pip step" once the trade has moved a certain distance in profit.
• For example, if you set a "pip step" of 10 pips and a "trailing distance" of 20 pips, once your trade is 20 pips in profit, the SL will be moved to 10 pips behind the current price. Then, for every subsequent 10-pip move in profit, the SL will also move up by 10 pips, effectively locking in profits.
• This is a common risk management tool used to protect profits and limit losses.

1. Grid Trading with Pip Steps: Some EAs use "pip steps" to define distances between orders in a grid trading strategy.

• If an initial trade goes into loss, the EA might open subsequent trades in the same direction at fixed "pip steps" (e.g., every 20 pips) to average down the entry price.
• This often involves increasing lot sizes (martingale) for subsequent trades to recover losses faster, which is a high-risk approach. While not explicitly named "Pip Step EA," some strategies integrate this concept.

1. Scalping or Take Profit Management: An EA might close partial positions or adjust take-profit levels in steps. For instance, it might take 10% profit at +10 pips, another 10% at +20 pips, and so on.

Key Features and Customizable Parameters (likely to be found in Pip Step EA v1.5 MT4):

• Pip Step/Increment: The crucial parameter defining how many pips the EA moves the stop-loss or opens new orders.
• Trailing Stop Distance: If it's a trailing stop EA, this parameter defines the initial distance from the current price where the trailing stop will be placed.
• Initial Stop Loss (SL) and Take Profit (TP): The EA might allow setting initial SL and TP for trades.
• Break-Even Function: Move stop loss to entry price (or slightly above for buys/below for sells) once a certain profit level is reached.
• Lot Size Management:
• Fixed Lot: A fixed lot size for all trades.
• Dynamic Lot: Lot size adjusted based on account balance or a percentage of equity to manage risk.
• Martingale Multiplier: (If it's a grid/martingale EA) A multiplier to increase lot size for subsequent trades.
• Magic Number: To ensure the EA only manages its own trades, especially if you run multiple EAs on the same MT4 instance.
• Time Filters: To restrict trading during specific hours or days (e.g., avoiding news events or low liquidity periods).
• Spread Filter: To prevent opening trades when the spread is too high.
• Max Open Orders: Limit the number of concurrently open trades.
• Currency Pair/Timeframe: While EAs can often be applied to any chart, some are optimized for specific currency pairs and timeframes.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• Pip Step EA v1.5 MT4.ex4

===========================================================

MORE ROBOTS and MANUAL TRADING SYSTEM UNLIMITED VERSION

Telegram Channel : https://t.me/TheTradeLovers

Telegram Contact : https://t.me/TheTradeLover

Email : TheTradeLovers@gmail.com

Whatsapp: https://whatsapp.com/channel/0029VaLNS5gJpe8kk7rZCa13

Instant Download

Your files will be available to download once payment is confirmed.

Instant download items don’t accept returns, exchanges or cancellations. Please contact the seller about any problems with your order.

Our Payment Options:

1) Bitcoin Wallet:

19osRLGdcrdKGq8HseVimFv4sPtWiVXht

2) USDT(Tether) Wallet: (ERC20)

0xd75d6711d9ddbc6e12910bdcecf9b1820ded33c0

3). USDT(Tether) Wallet: (TRC20)

TUXqFGZd7dGzrbkB8SFh3dduUPT9wtoxWL

3) TRX(Tron) Wallet: (TRC20)

TUXqFGZd7dGzrbkB8SFh3dduUPT9wtoxWL

4) XRP(Ripple): XRP Ripple

rNxp4h8apvRis6mJf9Sh8C6iRxfrDWN7AV

Memo 382047608

And another crypto wallet: on request

5) You can pay with also Indian Payment Methods Like BHIM, Paytm, Google Pay, PhonePe or any Banking UPI app On Buyer Request.

Send payment screenshot to:

Telegram: Click Here

Mail Us: thetradelovers@gmail.com

Payment After we will provide product within 90 minutes.

If you want any proofs of Indicator or have any questions then feel free to message

Send payment screenshot to:

Telegram: Click Here

Mail Us: thetradelovers@gmail.com

Thank You

Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

No Refund

Instant download items don’t accept returns, exchanges or cancellations. Please read Refund Policy carefully or contact the seller about any problems with your order.