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BigPIPs MT4

BigPIPS EA is an Expert Advisor based on special mathematical analysis and smart modeling of market and signals independent of timeframe. The EA has a powerful calculation engine that can predict market movement over 1000 pips (10000 points). The EA signal engine does not need any optimization and there are no settings for signal. All settings of EA are for Money Management.

The EA works with a low margin level and thus has low risk.

The EA can trade on all Forex Pairs, Cryptos, Stocks, Indices, Metals, ....



Using EA :

The EA is very simple and without complicated input parameters.

These are main parameters must be set :

  • General Options
  • Trade Type : Long/Short/Both/No-Hedge
  • Stop Opening New : if true, EA don't open a new position. Only manage already opened.
  • Minimum Distance to Open New Position : Distance to ignore new signals if older positions exist.
  • Maximum Spread to Open Position : Spread to stop trading
  • Magic Number : Any constant ID.
  • Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.
  • Closing Positions
  • Take Profit : TakeProfit in Points
  • Action for in-Loss Positions : Averaging-Add,Averaging-Multiply, StopLoss, WaitforTP
  • Stop Loss : StopLoss in Points. Only act if the StopLoss option selected above.
  • Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
  • Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
  • Averaging Volume Add : Volume adding if averaging selecting above.
  • Averaging Maximum Volume Per Trade
  • Averaging Maximum Number of Trades
  • Volume Settings
  • Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin
  • Fixed Lots : Volume of trading
  • Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin
  • Risk Percentage
  • Maximum Volume Per Trade
  • Minimum Volume Per Trade
  • Trailing/Break Even
  • Trailing Stop Loss : Enable/Disable Trailing Stop
  • Trailing Start : Trailing Start Distance in Points.
  • Trailing Stop : Trailing Stop Loss Distance in Points.
  • Trailing Step : Distance to apply Trailing Stop Loss in Points.
  • Break Even : Enable/Disable Break Even
  • Activate Break Even After Loss : Distance to apply Break Even in Points
  • Day and Time Filters
  • There are options to stop trading on specific days and hours
  • News Filter Inputs
  • Block Trading During Low Impact News
  • Minutes Before/After Low Impact News
  • Block Trading During Medium Impact News
  • Minutes Before/After Medium Impact News
  • Block Trading During High Impact News
  • Minutes Before/After High Impact News
  • Notifications


* All above default point inputs are for 5digit accounts. if your account is 4digit use 0.1x numbers.




Optimizing EA :

This EA doesn't need any optimization on Signal Producing Engine. Optimization needed only for averaging/trailing stop/break even ...

(important) Optimize EA for the last 6 month before using, and update optimization every 1-2 month.

Optimization of EA is so fast and easy. We recommend use these settings for Optimization :

    Time Frame : No difference. EA signal does not depend on the timeframe.
    Action for in-Loss Positions : Averaging-Multiply
    Take Profit : 500 to 3000 step 500 (50 to 300 step 50 for 4digit accounts)
    Averaging Distance : 1000 to 7000 step 1000 (100 to 700 step 100 for 4digit accounts)
    Averaging Volume Multiplier : 1 to 5 step 0.5
    Minimum Distance to Open New Position : 1000 to 5000 step 1000 (100 to 500 step 100 for 4digit accounts)
    Volume Calculation Method : Balance Dynamic Lots
    Lot per 1000 balance : 0.005 to 0.1 step 0.01
    It is recommended to optimize Custom Parameter.

Recommendations and Using Conditions :

  • You can run EA on several charts and symbols. Try to use a different Magic Number input for each chart.
  • If you attach EA to multiple charts, decrease volumes to reduce your risk.
  • EA works on Hedge accounts.
  • To enable News Filter, Visit How to Setup News Filter.


We are ready to help you about using the EA, Please don't hesitate to contact us.
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Experten
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Version 1.4 2024.02.17
News Resource Changed to forexfactory.com Calendar.
Version 1.3 2023.01.22
Upgrade on signal engine and trading engine.
Version 1.2 2022.02.18
Update due to change of news address from http to https
Change the address of webrequest on terminal settings to https://ec.forexprostools.com/
Version 1.1 2022.02.05
Added compatibility with FIFO Rules + Some other minor updates.