Pip Collector EA MT4 with SetFiles (Platform build 1453+)
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What is Pip Collector EA?
Pip Collector EA is a high-frequency scalping Expert Advisor (EA) built for automated trading with strong risk control. It focuses on stability, adaptive entry filtering, and strict protection mechanisms such as drawdown, spread, and news filters, allowing traders to capture small price movements while maintaining consistent performance in changing market conditions.
Key Features of Pip Collector EA for MT4
🔹 Automated Scalping Engine: Executes frequent short-term trades automatically, helping traders benefit from small market movements efficiently.
🔹 Advanced Risk Protection: Integrates drawdown limits, spread filters, and trade caps to control exposure and protect account equity.
🔹 News Filter Integration: Avoids trading during high-impact news events to reduce sudden volatility and unexpected losses.
🔹 Adaptive Signal Filtering: Uses momentum and volatility-based logic to improve entry accuracy and reduce low-quality trades.
🔹 Low Entry Barrier: Fixed micro lot sizing makes it suitable for small or conservative trading accounts.
What is the Pip Collector EA Trading Strategy?
🔹 High-Frequency Scalping: Targets short-term price fluctuations with relatively quick trade execution and defined profit targets.
🔹 Momentum-Based Entries: Identifies fast price movements using short-term momentum detection combined with volatility filters.
🔹 Market Condition Control: Avoids extreme or unstable price zones to maintain more consistent trading behavior.
🔹 Multi-Layer Risk Filters: Applies spread, drawdown, and news controls to adapt trading activity to current market conditions.
🔹 All-Session Trading Logic: Can operate throughout the trading day when conditions remain within acceptable risk parameters.
Pip Collector EA MT4 Review
The Pip Collector EA has demonstrated extraordinary trading performance on a verified Myfxbook account. Below is a breakdown of the key metrics and what they reveal about the Expert Advisor (EA):
Initial Deposit: $50,000
Total Gain: +185.76%
Monthly Growth: 21.84%
Maximum Drawdown: 59.61%
Signal MyFxBook: View here
Pip Collector EA MT4 Myfxbook
Pip Collector EA Myfxbook
Why Choose & Use Pip Collector EA?
🔹 Stability-Focused Design: Built to maintain controlled performance through strict risk limits and protective trade filters.
🔹 Balanced Scalping Approach: Combines fast entries with structured safeguards, supporting resilience in volatile markets.
🔹 Suitable for ECN Brokers: Optimized for low-spread environments to enhance execution quality and reduce trading costs.
🔹 Customizable Risk Settings: Allows traders to fine-tune trade limits and protection levels to match individual risk tolerance.
🔹 Marketplace-Ready EA: A professional automated solution for traders seeking disciplined, risk-aware scalping systems.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Minimum / Recommended deposit | $1,000 |
| Time frames | H1 (60 minute chart) |
| Currency pairs | EURUSD, GBPUSD |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product download package includes
The download package of the product suite includes:
1. Experts:
✅ Pip Collector EA Live_fix.ex4
2. Indicators:
✅ P1_Signal_v2.ex4
3. SetFiles:
✅ GBPUSD_H1.set
✅ EURUSD_H1.set
Conclusion
In short, Pip Collector EA’s strength lies in its multi-layered account protection system, from News Filter to Drawdown Control. Although it’s a scalping robot, it prioritizes stability and avoids periods of market frenzy fueled by news. This makes it an ideal tool for traders using ECN accounts who want to optimize transaction fees.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is the core strategy of Pip Collector EA?
Pip Collector EA uses a high-frequency momentum scalping strategy, targeting small price fluctuations on major pairs while applying strict volatility filters.
❓ Which timeframe should I use for Pip Collector EA?
The developer recommends the H1 (1-hour) timeframe to ensure signal stability, although the internal execution logic happens at a high frequency.
❓ Is Pip Collector EA suitable for Prop Firms?
No, unless configured with extreme caution. Due to its historical 59% drawdown, it exceeds most Prop Firm limits (usually 10%). It is better suited for high-growth personal accounts.
❓ What is the minimum deposit required?
The recommended minimum is $1,000. Using a lower balance might not provide enough margin to handle the EA's trade frequency and potential drawdowns.
❓ Does it require a News Filter setup?
To work correctly, you must add the news provider URL to your MT4 "Allowed WebRequest" settings so the EA can track the economic calendar.
❓ Which brokers are best for Pip Collector EA?
Low-spread ECN brokers (like IC Markets or Exness) are essential. High spreads will significantly decrease the win rate of this scalping system.
❓ Does Pip Collector EA use Martingale?
While focused on scalping, its recovery logic can lead to higher exposure, which accounts for the significant drawdown seen in backtests.
❓ Is a VPS necessary for Pip Collector EA?
Mandatory. As a high-frequency EA, it needs to be online 24/5 with the lowest possible latency to capture precise price movements.
❓ Can I customize the risk levels?
Yes. You can adjust the "Risk Percentage" or "Fixed Lot Size" in the settings to make the EA more conservative than the default high-growth mode.
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