About the Real Pips Expert Advisor
The Real Pips EA is an automated trading robot designed for MetaTrader 4. It employs a proprietary intraday strategy to open and close trades on your behalf.
All trades are automatically protected by a stop loss and take profit target, ensuring effective risk management.
The EA does not utilize high-risk trading methods, making it suitable for traders seeking consistent profits without exposing their accounts to significant risks.
Free Download
Download the “Real Pips Robot.ex4” expert advisor
Key Features
Proprietary Intraday Strategy
The EA uses a unique intraday strategy to identify optimal trade setups, aiming for consistent profits within the trading day.
Automated Trade Execution
Trades are opened and closed automatically based on predefined rules, reducing the need for manual intervention.
Risk Management Tools
Each trade is protected by a stop loss and take profit target, helping to manage risk and lock in profits.
Compatible with Various Currency Pairs
While designed for the USD/JPY currency pair, the EA can be used with other currency pairs as well, providing flexibility for traders.
Simple Installation
The EA is easy to install on your MetaTrader 4 platform, requiring no complex setup procedures.
Strategy Tester Report
Find below the Real Pips EA track record for the USD/JPY 4-hour chart (click on the picture for full-size view).
Key Points
- Total profit: $1309.09
- Profit factor: +1.3
- Profit in pips: 1501
- Drawdown: 19.67%
In backtesting on the USD/JPY 4-hour chart, the Real Pips EA achieved a total profit of $1309.09, with a profit factor of +1.3.
The total number of pips gained was 1501, and the maximum drawdown was 19.67%.
These results demonstrate the EA’s potential for profitability while maintaining a reasonable level of risk.
Trading Chart
The picture below shows the Real Pips EA expert advisor attached to the USD/JPY 4-hour chart.
How the EA Works
- Monitors the market using a proprietary intraday strategy to identify optimal trade setups.
- Automatically opens and closes trades based on predefined rules, reducing manual intervention.
- Each trade is protected by a stop loss and take profit target, ensuring effective risk management.
- Compatible with various currency pairs, providing flexibility for traders.
- Operates on MetaTrader 4, requiring minimal supervision once installed.
Download Now
Download the “Real Pips Robot.ex4” EA
Parameters & Settings
- Use break even: A Configurable option to move the stop loss to break even after a certain profit.
- Lot size: Adjustable to suit your trading preferences and account size.
- Trailing stop: An Optional feature to lock in profits as the market moves in your favor.
- Magic number: Unique identifier for the EA’s trades, useful for managing multiple EAs.
- Profit target: Set the desired profit level for each trade.
- Start time: Define the time when the EA begins trading activities.
- End time: Set the time when the EA stops trading activities.
Recommended Trading Setup
- Timeframe: 4-hour chart for optimal performance.
- Currency pairs: USD/JPY is preferred; however, other pairs can be tested.
- Minimum account balance: $100 to accommodate potential drawdowns.
- Broker: Choose a broker with low spreads and fast execution speeds.
- Demo account: Test the EA on a demo account before live trading to understand its behavior and performance.
FAQ
Can I use the Real Pips EA with any Forex broker?
Yes, the EA works with any MetaTrader 4 broker that allows automated trading. Brokers with low spreads and fast execution provide the best results.
Is a VPS necessary for running the Real Pips EA?
A VPS is not required but recommended. It ensures the EA operates continuously, even if your computer or internet connection experiences interruptions.
What is the minimum account balance required?
The minimum recommended balance is $100. For enhanced performance and better risk management, a balance of $200 or more is advised.
How does the Real Pips EA handle market volatility?
The EA uses stop loss and take profit targets to manage risk during volatile market conditions, ensuring safer operations.
Summary
The Real Pips EA is a reliable and straightforward automated trading solution for MetaTrader 4.
With its proprietary intraday strategy, risk management tools, and compatibility with various currency pairs, it offers traders an opportunity to enhance their trading strategies.
Always test the EA on a demo account before live trading to optimize settings and fully understand its behavior.
