Pips Cut V2.0 Edu
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Pips Cut V2.0 Edu. The file name marks it as version 2.0. In the code it works with MACD and RSI. It raises the lot size after losses (martingale — high risk), works with a grid of orders and moves the stop behind price. It has 23 settings, for example t1 (default SETTINGS), Lots (default 0.01) and Lot Exponent (default 1.1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v2.0 · Free
About Pips Cut V2.0 Edu
Pips Cut V2.0 Edu is an expert advisor (trading robot) for MetaTrader 4 based on MACD and RSI. It increases the lot size after a losing trade (martingale), opens a grid of orders at fixed price steps and moves the stop loss behind price (trailing stop / break-even). It has 23 settings, such as T1, Lots and Lot exponent. MQL source code included.
It also can size trades from your balance and risk percent.
Files in the download: PipsCut-v2.0 -edu.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| T1 | SETTINGS | |
| Lots | 0.01 | Trade size in lots |
| Lot exponent | 1.1 | How much the lot size grows after a loss |
| Lotdecimal | 2 | |
| Pip step | 30.0 | Distance between orders |
| Max lots | 100.0 | |
| MM | FALSE | |
| Take profit | 50.0 | Take profit distance |
| Use equity stop | FALSE | |
| Total equity risk | 20.0 | Risk per trade (percent of balance) |
| Use trailing stop | TRUE | Trailing stop distance or switch |
| Trail start | 13.0 | Trailing stop distance or switch |
| Trail stop | 3.0 | Trailing stop distance or switch |
| Slip | 5.0 | |
| T3 | SETTINGS for Group (A) | |
| Max trades hilo | 10 | Maximum number of open trades |
| Magic number hilo | 10278 | Magic number that tells this EA's orders apart |
| T4 | SETTINGS for Group (B) | |
| Max trades 15 | 10 | Maximum number of open trades |
| G magic 176 15 | 22324 | Magic number that tells this EA's orders apart |
| T5 | SETTINGS for Group (C) | |
| Max trades 16 | 10 | Maximum number of open trades |
| G magic 176 16 | 23794 | Magic number that tells this EA's orders apart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Martingale · Grid · Trailing Stop & Break-even · Risk & Lot Size · MACD · RSI · MT4 Expert Advisor · MQL4 Source Code