About the Pip Breaker V2 Expert Advisor
The Pip Breaker V2 EA Forex robot for MT4 was designed to trade the 4-hour time frames with the help of two pending orders, buy stop and sell stop.
The EA has an amazing 92.73 % win percentage and does not use any dangerous trading methods (grid, martingale) to turn an array of bad trades into positive results.
However, this EA reported a small loss during the test period, but should do well over a longer trading period.
According to the programmer, this trading bot works best on the major pairs (low spread).
The Pip Breaker V2 EA can be used with any Forex broker and works for the H4 time frame only.
Free Download
Download the “Pip Breaker.ex4” expert advisor
Key Features
Breakout Strategy
Utilizes pending orders to enter trades during significant market breakouts, aiming to capture substantial price movements.
High Win Rate
Achieves a win percentage of 92.73%, reflecting its effectiveness in identifying profitable trading opportunities.
Low Drawdown
Maintains a drawdown of 13.9%, indicating efficient risk management and capital preservation.
No Martingale or Grid Trading
Operates without relying on high-risk strategies, ensuring a safer trading approach.
Customizable Settings
Offers adjustable parameters such as lot size, stop loss, and trade timing to align with individual trading preferences.
Strategy Tester Report
Find below the Pip Breaker V2 EA track record (click on the picture for full-size view).
Key Points
- Profit factor: +1
- Winning percentage: 92.73%
- Drawdown: 13.9%
- Wins/losses ratio: 12.76
Monitor your trades directly on the chart with the Pip Breaker V2 EA’s intuitive interface.
The EA provides real-time updates on open positions, stop-loss, take-profit levels, and trade history, allowing for efficient trade management without switching between multiple windows.
Trading Chart
The picture below shows the Pip Breaker V2 expert advisor attached to the EUR/USD 4-hour chart.
How the EA Works
- Attach the EA to a 4-hour (H4) chart in MetaTrader 4.
- Define your preferred currency pairs for trading.
- Allow the EA to analyze market conditions and execute trades based on predefined criteria.
- Monitor and manage trades through the EA’s interface.
Download Now
Download the “Pip Breaker.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: EUR/USD, GBP/USD, USD/JPY
Recommended Trading Setup
- Timeframe: 4-hour chart (H4)
- Currency Pairs: Major pairs with low spreads
- Broker: ECN/STP with low spreads
- Additional Tools: Economic calendar for news events
- Account Type: Standard or ECN account
FAQ
Is the Pip Breaker V2 EA suitable for beginners?
Yes, the EA is designed with a user-friendly interface, making it accessible for traders of all experience levels. However, it’s recommended to test the EA on a demo account first to understand its functionality.
Does the EA require constant monitoring?
No, once configured, the EA operates autonomously. However, periodic monitoring is recommended to ensure optimal performance and to make adjustments as necessary.
Can the EA be used on any currency pair?
While the EA is optimized for major currency pairs like EUR/USD, GBP/USD, and USD/JPY, it can be used on other pairs. Performance may vary depending on the pair’s liquidity and volatility.
Summary
The Pip Breaker V2 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.
Suitable for beginners and experienced traders, it enhances trading efficiency while reducing manual workload.
Download this free EA today and take full control of your Forex trading with confidence and precision.
