The Pips Generator Forex Robot for Metatrader 4 is a well-designed trend following custom expert advisor that analyzes price action for majors, cross and exotic currency pairs.
The Forex robot is able to implement profitable positions via the use of its lighting speed execution that can be used on all pairs.
It uses a special algorithm that increases and protects your account equity under all market conditions.
The flexibility of the Pips Generator EA allows users to tryout different buy/sell execution scenario’s and settings.
The Pips Generator EA for MT4 made $3391.37 profit on the EURUSD pair 1-hour chart from an initial deposit of $10000.
Feel free to tryout the robot on any Forex pair of your preference (EUR/USD, GBP/USD, USD/JPY, …).
Default EA settings:
N: 3, lots: 0.1, stop loss: 70, take profit: 120, slippage: 3, magic: 50607, color buy: dodger blue, color sell: crimson
The default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the expert advisor for MT4 first on a practice account before running it on a live Forex account.
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Strategy Tester Performance Report
Find below the MT4 strategy tester performance report for the MT4 expert advisor attached to the EURUSD 1-hour trading chart.
The Pips Generator EA gained a total profit of $3391.37 ($10000 initial deposit) from 229 trades during the initial testing period.
The largest winning trade generated $124.25 in profit, while the largest losing trade lost -$83.60.
See the test results report above for all details.
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N, lots, stoploss, takeprofit, slippage, magic, clbuy, clsell.
More Info About This Expert Advisor
Recommended Currency pairs: Any
Trading Platform: MT4
Time frames: M30-D1
Expert Advisor Type: Swing Trader
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.