Pipstrider Ea
Pipstrider Ea — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its source code uses ATR. It raises the lot size after losses (martingale — high risk), has a trading-hours filter and can size trades from your risk. It has 40 settings, for example version2 (default PipStrider v_1.34 ), OWN (default Copyright 2010-2011, Fo) and Comment (default PipStrider ). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 · v1.0 · Free
About Pipstrider Ea
Pipstrider Ea is an expert advisor (trading robot) for MetaTrader 4 based on ATR. It increases the lot size after a losing trade (martingale), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 40 settings, such as Version2, OWN and Comment. MQL source code included.
Files in the download: PipStriderV134_edu_nodll.mq4, Pipstrider Manual.pdf.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Version2 | PipStrider v_1.34 | |
| OWN | Copyright 2010-2011, Forex-Goldmine, In | |
| Comment | PipStrider | Comment written on the orders |
| Do trades | TRUE | |
| Monitor and close | FALSE | |
| Stealth mode | FALSE | |
| Auto stealth mode | TRUE | |
| Allow lots beyond max size | FALSE | |
| Modify martingale | TRUE | |
| Trade direction | 3 | |
| Trade range | 40 | |
| Wait pips | 0 | |
| Stop loss | 0 | Stop loss distance |
| A1 | ---------------------------------------- | |
| A2 | Martingale Disrupter (tm) Technology | |
| Use martingale disrupter | TRUE | |
| Adjust take profit | FALSE | Take profit distance |
| Disrupter close | 0.75 | |
| Disrupter close2 | 0.75 | |
| Only after level | 5 | |
| Only after level2 | 6 | |
| Max buy martingale level | 6 | |
| Max sell martingale level | 6 | |
| Close buy beyond max | FALSE | |
| Close sell beyond max | FALSE | |
| Max draw down pct | 100.0 | |
| Limit to this pair | FALSE | |
| Use grid expander | TRUE | |
| Expand pips | 0 | |
| Expand pips2 | 0 | |
| A3 | ---------------------------------------- | |
| Trade lots | 0.0 | |
| Balance factor | 3000.0 | |
| Control balance | 0.0 | |
| Lock in profits | 0.0 | |
| Stop when profit reached | FALSE | |
| A4 | Set to -1 to set 0 or a positive number | |
| Reset funds withdrawn | 0.0 | |
| Max lots | 1000.0 | |
| Magic number | 734775 | 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 · Time Filter · Risk & Lot Size · ATR · MT4 Expert Advisor · MQL4 Source Code