About the EndlessPips Expert Advisor
The EndlessPips EA is a proprietary scalping Expert Advisor designed for MetaTrader 4.
It utilizes a unique trading system to place pending buy and sell orders with high precision.
The EA aims to capture small price movements, making it suitable for traders seeking to profit from short-term market fluctuations.
Free Download
Download the “EndlessPipsV2.ex4” expert advisor
Key Features
Proprietary Scalping Strategy
The EA employs a unique scalping strategy that places pending buy and sell orders to capitalize on small price movements.
High Precision Entries
Utilizes advanced algorithms to identify optimal entry points, ensuring high precision in trade execution.
Customizable Risk Management
Allows traders to adjust risk parameters, including stop loss, take profit, and lot size, to align with their risk tolerance.
No Martingale or Grid Trading
The EA does not employ risky trading methods such as martingale or grid trading, focusing on safe and consistent profits.
Fully Automated Trading
Once configured, the EA operates autonomously, executing trades based on predefined conditions without the need for constant monitoring.
Strategy Tester Report
Find below the EndlessPips EA track record (click on the picture for full-size view).
Key Points
- Profit factor: +12.47
- Winning percentage: 78.58%
- Drawdown: 2.22%
- Wins/losses ratio: 3.67
The EndlessPips EA has demonstrated significant profitability in live trading conditions.
Trading Chart
The picture below shows the EndlessPips expert advisor attached to the EUR/USD 5-minute chart.
How the EA Works
- Continuously scans the 1-minute chart to detect small price swings and scalping opportunities.
- Places pending buy and sell orders at precise levels determined by market volatility and trend analysis.
- Automatically adjusts stop-loss and take-profit levels to maximize profits while minimizing risk.
- Implements a trailing stop mechanism to lock in gains as the trade moves in your favor.
- Closes positions automatically if the market reverses or when predefined profit targets are reached.
Download Now
Download the “EndlessPipsV2.ex4” EA
Parameters & Settings
- Risk Calculation: Percentage or Fixed Dollar Amount
- Lot Size Calculation: Based on Stop-Loss Distance
- Stop-Loss and Take-Profit Levels: Customizable
- Trade Execution: Automated based on predefined conditions
- Currency Pairs: Any pair (optimized for volatile pairs)
Recommended Trading Setup
- Timeframe: 1-minute chart (M1)
- Currency Pairs: Major and minor pairs with high volatility
- Broker: ECN/STP with low spreads
- Additional Tools: Economic calendar for news events
- Account Type: Standard or ECN account
FAQ
How many trades does the EA typically open per day?
The number of trades varies depending on market conditions, but the EA generally opens multiple trades daily to capture small scalping profits.
Can I use the EA on multiple accounts at once?
Yes, the EA can be run on several MT4 accounts simultaneously, but it is recommended to configure each instance individually to match account size and risk tolerance.
Does the EA handle high-impact news events?
Yes, it includes filters to avoid trading during major news events, reducing the risk of sudden market spikes affecting open positions.
Is the EA suitable for low-spread brokers?
Yes, it is optimized for brokers with low spreads to ensure precise trade entries and minimal slippage.
Do I need a VPS to run the EA efficiently?
While not mandatory, using a VPS is recommended to ensure 24/7 operation, faster execution, and stable performance even when your computer is off.
Summary
The EndlessPips EA for MT4 is a reliable and intelligent trading tool for MetaTrader 4.
It automates trade execution, provides customizable risk management, and offers advanced features like partial profit levels and a high win rate.
