🔶 What is Pip Hunter MT5 EA?
Pip Hunter MT5 is a fully automated trading Expert Advisor (EA) designed to capture short-term price movements with precision. It combines adaptive stop-loss/take-profit logic, dynamic lot sizing, and multiple filtering systems such as spread control and optional news filters. This EA is suitable for traders seeking a balance between controlled risk and consistent trade frequency.
📌📌📌 Buy this Pip Hunter MT5 product here 📌📌📌
🔶 Trading Core Settings
| Parameter | Value | Explanation |
|---|---|---|
| Allowed Trading Directions | ALL | Enables both Buy & Sell trades |
| Cool Down Time | 90 min | Minimum delay between trades |
| Take Profit | 500 points | Profit target |
| Stop Loss | 500 points | Maximum loss |
| Use Adaptive SL/TP | true / false | Dynamic adjustment based on market |
👉 Insight:
- Risk/Reward ratio = 1:1
- Adaptive SL/TP improves trade flexibility.
🔶 Risk Protection & Trade Management
| Parameter | Value | Explanation |
|---|---|---|
| Max Daily Loss (%) | 0 (OFF) | No daily loss limit |
| Max Drawdown (%) | 0 (OFF) | No equity protection |
| Close Trades on DD | true / false | No automatic protection |
| Max Trade Holding Time | 0 (OFF) | No time limit |
👉 Critical Risk: No drawdown or daily loss control → account fully exposed.
🔶 Lot Size & Risk Control
| Parameter | Value | Explanation |
|---|---|---|
| Use Dynamic Lots | true / false | Auto-adjust lot size |
| Risk per Trade | 2.0% | Moderate risk |
| Fixed Lot | 0.1 | Backup if dynamic disabled |
| Min Lot | 0.01 | Minimum size |
| Max Lot | 100 | Maximum size |
👉 Insight:
- 2% risk = professional risk level.
- Scales with account balance.
🔶 Martingale Settings
| Parameter | Value | Explanation |
|---|---|---|
| Use Martingale | true / false | Disabled |
| Start After X Losses | 1 | Trigger condition |
| Multiplier | 2.0 | Lot doubling |
👉 Insight: Martingale is configured but OFF → safer setup.
🔶 Break Even Settings
| Parameter | Value | Explanation |
|---|---|---|
| Use Break Even | fatrue / false | Disabled |
| BE Level | 200 points | Trigger level |
| BE Profit | 10 points | Locked profit |
👉 Insight: Trades do not secure profit automatically → higher exposure.
🔶 Trailing Stop Settings
| Parameter | Value | Explanation |
|---|---|---|
| Use Trailing Stop | true / false | Disabled |
| TSL Start | 300 points | Activation threshold |
| TSL Distance | 200 points | Distance from price |
👉 Insight: No trailing → profits not protected dynamically.
🔶 News Filter
| Parameter | Value | Explanation |
|---|---|---|
| Use News Filter | true / false | Disabled |
| News Source | MT5 Calendar | Built-in data |
| Importance | High | Major events |
| Minutes Before/After | 30 | Avoid window |
| Close Trades for News | true / false | No forced exit |
👉 Risk: EA trades during high-impact news → volatility exposure.
🔶 Spread Filter
| Parameter | Value | Explanation |
|---|---|---|
| Use Spread Filter | true / false | Enabled |
| Maximum Spread | 50 points | Max allowed spread |
👉 Insight: Protects against poor trading conditions.
🔶 Time Filter (Session Control)
| Parameter | Value | Explanation |
|---|---|---|
| Use Trading Time #1 | true / false | Disabled |
| Session 1 | 08:00–12:00 | Not active |
| Use Trading Time #2 | faltrue / false | Disabled |
| Session 2 | 16:00–20:00 | Not active |
| Close on Friday | true / false | Keeps trades open |
👉 Insight: No session restriction → continuous trading.
🔶 Day Filter
| Parameter | Value | Explanation |
|---|---|---|
| Trading Days | All (Mon–Sun) | Trades every day |
👉 Warning: Weekend trading may cause errors or gaps in Forex markets.
🔶 Profile & Identification
| Parameter | Value | Explanation |
|---|---|---|
| Magic Number | 57575 | Unique trade ID |
| Trade Comment | Pip Hunter | Trade label |
🔶 Key Strengths of Pip Hunter MT5
✅ Balanced 2% risk per trade.
✅ Dynamic lot sizing enabled.
✅ Adaptive Stop Loss (SL) / Take Profit (TP) improves accuracy.
✅ Spread filter protects execution.
✅ Martingale disabled (safer).
✅ Cooldown prevents overtrading.
🔶 Major Weaknesses & Risks
✅ No drawdown protection.
✅ No break-even or trailing stop.
✅ News filter disabled.
✅ Trades allowed on weekends.
✅ No time/session filtering.
🔶 Recommended Optimized Settings
Safer Setup:
- Enable Break Even → true
- Enable Trailing Stop → true
- Enable News Filter → true
- Max Daily Loss → 3–5%
- Max Drawdown → 10–15%
- Disable weekend trading
- Enable London/New York sessions
🔶 Conclusion
The Pip Hunter MT5 configuration is moderately optimized for risk (2% per trade) but lacks essential protective mechanisms such as drawdown limits, trailing stop and news filtering.
While it offers:
- Stable position sizing.
- Adaptive trade management.
- Controlled trade frequency.
It still requires:
- Activation of safety features.
- Better market condition filtering.
- Profit protection tools.
👉 Overall, Pip Hunter MT5 is a solid automated trading system, but to achieve consistent and safe long-term performance, traders must enable and fine-tune its risk management features before using it on a live account.
