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10 pips
Info
The 10 pips is a Expert Advisor for MetaTrader 5 that pipsing ea. take profit is set at 10 pips.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use 10 pips
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
pipsing ea.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: pipser ea: one-click trading expert advisor - another powerful expert for MetaTrader 5 traders.
pipsing ea. take profit is set at 10 pips. different stop loss and take profit levels are provided for buy and sell orders.
Also recommended: 20/200 pips: a simple and profitable expert advisor - similar expert with strong performance on MetaTrader 5.
the peculiarity of the strategy is the lack of indicators use.the algorithm of trading strategy:
open the daily chart of the eurusd pair, lots 0.1.
when a new candle (bar) forms open two deals simultaneously (buy and sell) with take profit at 10 points.
trailingstop and stoploss should be set at 50 points.
if one of the trades is closed, an additional position should be opened in the direction of the remaining one.
exit
from trades should be performed by stop loss or take profit in all cases.
You may also like: pipsover - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.