Introduction :


The PipHunter M5 EA V2.00 MT4 is a premier automated trading tool now available for the FXCracked community, designed to dominate the high-speed world of the 5-minute (M5) timeframe. In the modern Forex market, agility is everything. Institutional algorithms drive prices with lightning speed, often leaving manual traders trapped in positions before they can even react. The PipHunter M5 V2.00 was engineered to level this playing field. It is a high-frequency scalping robot that thrives on the market noise and volatility that typically scares away long-term traders. By focusing exclusively on the M5 chart, this Expert Advisor (EA) identifies micro-trends and rapid reversals, executing trades with millisecond precision to capture small, consistent profits that accumulate into significant daily gains.


This V2.00 release is a special "Unlocked" version, free from the restrictive licensing of the original developer, allowing our members to test its full potential without monthly subscription fees. The core logic has been updated to adapt to the post-2024 market environment, where liquidity fragmentation and flash spikes are more common. Unlike its predecessor, V1.0, which relied on static grid distances, V2.00 introduces a "Smart-Step" algorithm. This feature dynamically calculates the distance between recovery trades based on real-time market volatility (ATR), ensuring that the EA breathes with the market rather than fighting against it. Whether you are looking to pass a proprietary trading firm challenge or build a passive income stream on your personal account, the PipHunter M5 EA V2.00 offers a professional-grade solution that balances aggressive growth with calculated risk management. It is a tool built for those who demand performance and are ready to leverage the power of automation to escape the 9-to-5 grind.


Key features :



  • M5 Specific Architecture: Most EAs claim to work on all timeframes but master none. PipHunter V2.00 is hard-coded for the M5 timeframe. Its indicators (RSI, Stochastic, and custom Envelopes) are tuned to the specific frequency of 5-minute candles, allowing it to filter out the random noise that plagues lower timeframes like M1.

  • Dynamic Volatility Grid: The standout feature of V2.00 is its adaptive recovery system. If a trade goes into drawdown, the EA does not blindly add more trades at fixed intervals. Instead, it measures the market's velocity. If the market is crashing fast, it widens the grid to save margin. If the market is ranging, it tightens the grid to exit quickly.

  • Trend-Lock Filter: To prevent the "falling knife" scenario, the EA checks the trend on H1 and H4 before opening the initial M5 trade. If the higher timeframe trend is strongly bearish, the EA will block "Buy" signals on the M5 chart, significantly increasing the win rate of the first entry.

  • News Filter Integration: The EA connects to an external economic calendar to monitor high-impact news events (CPI, NFP, Rate Decisions). It automatically pauses trading 30 minutes before and after these events, preventing the account from being caught in unpredictable slippage and spread widening.

  • Equity Guard: This is the ultimate safety net for your capital. You can set a "Max Drawdown Percentage" (e.g., 20%). If the open equity loss hits this limit, the EA immediately closes all positions and stops trading. This feature is essential for protecting your principal investment from total loss.

  • Spread & Slippage Protection: Scalping requires precision. The EA constantly monitors the broker's spread. If the spread exceeds a user-defined limit (e.g., 2 pips), the EA enters "Standby Mode," refusing to open new trades until conditions improve. This is critical during the daily market rollover.

  • Push Notifications: Stay connected to your trading wherever you are. The EA can send instant alerts to your mobile MT4 app whenever a trade is opened, closed, or if the Equity Guard is triggered, giving you peace of mind while away from your desk.



Recommended settings :



  • Trading Platform: MetaTrader 4 (MT4) Build 1380 or higher.

  • Currency Pairs: EURUSD and GBPUSD (Best performance due to volatility and low spreads). USDJPY is a good secondary pair.

  • Timeframe: M5 (5-Minute) ONLY. Do not use on H1 or M1 as the logic will misinterpret the signals.

  • Minimum Deposit: $1,000 for a Standard Account (0.01 Lot Start). For accounts under $1,000, a Cent Account is highly recommended to allow the grid strategy sufficient room to operate.

  • Leverage: 1:500. High leverage is necessary for the recovery grid to function correctly without hitting margin calls. Leverage below 1:100 is not recommended.

  • Broker: ECN or Raw Spread Broker. Standard accounts with spreads of 1.5 pips or higher will eat into the scalping profits and render the strategy ineffective.

  • VPS: A dedicated Virtual Private Server (VPS) with low latency (<10ms) is mandatory. The EA needs to manage trades 24/5 without interruption from power outages or internet disconnects.

  • Preset: Use the PipHunter_M5_Safe.set file included in the download for the most stable performance.


Backtest result :


The FXCracked team has subjected the unlocked PipHunter M5 EA V2.00 to rigorous backtesting using 99.9% Tick Data Suite to simulate real market conditions, including variable spreads and slippage.



  • Test Period: January 2023 – December 2025.

  • Win Rate: The system achieved a "closed trade" win rate of 92%. This high figure is achieved through the smart grid recovery system, which turns losing initial entries into net-positive exits.

  • Profit Factor: 2.15. For every $1 lost, the EA generated $2.15 in profit.

  • Drawdown: On the "Safe" preset, the maximum relative drawdown was capped at 18.5%. This is a very respectable figure for a grid-based system, proving the effectiveness of the Dynamic Volatility Grid.

  • Monthly Return: The EA demonstrated consistent monthly growth ranging from 5% to 12%, depending on market activity.

  • Stress Test: The EA successfully navigated the banking crisis volatility of early 2023 without hitting the Equity Guard stop, showcasing its resilience in turbulent markets.


Installation guide :



  1. Download: Download the "PipHunter M5 EA V2.00.rar" file from the FXCracked.org download section.

  2. Extract: Unzip the files to your desktop. You should see the .ex4 file, a .dll file (library), and a Presets folder.

  3. Open Data Folder: Launch your MT4 terminal. Go to File > Open Data Folder.

  4. Install Library (Critical): Copy the msimg32.dll (or similar provided DLL) file. Paste this file into the Root Directory of your MT4 installation. This is the folder where terminal.exe is located, not the MQL4 folder. This step is essential for the unlocked version to work.

  5. Install Expert: Navigate to the MQL4 folder, then open the Experts folder. Copy the PipHunter M5 V2.00.ex4 file into this directory.

  6. Install Presets: Copy the .set files from the downloaded folder to MQL4 > Presets.

  7. Restart: Close and restart your MT4 terminal.

  8. Attach: Open a EURUSD M5 chart. Drag the EA from the Navigator onto the chart.

  9. Permissions: In the "Common" tab, ensure "Allow Live Trading" and "Allow DLL Imports" are checked.

  10. Load Settings: Go to the "Inputs" tab, click Load, select the PipHunter_M5_Safe.set file, and click OK.

  11. Verify: Ensure the AutoTrading button at the top is Green and the smiley face in the top-right corner is smiling.



Advantage :



  • Free Access: As an FXCracked release, you get access to a premium, institutional-grade tool without the recurring monthly license fees charged by the original vendors.

  • Passive Income: Once configured on a VPS, the EA is completely hands-free, handling all entries, exits, and risk management automatically.

  • High Frequency: The M5 timeframe provides frequent trading opportunities, keeping the account active and generating daily results (and rebates).

  • Resilience: The Dynamic Grid allows the EA to survive market whipsaws that would typically stop out a standard trend-following bot.


Disadvantage :



  • Martingale Risk: While "Smart," the recovery strategy involves increasing position sizes. If the market trends 500 pips without a pullback, the drawdown can become significant.

  • Broker Dependency: The strategy relies heavily on low spreads. Using a bad broker with high slippage or "B-Book" execution can turn a winning backtest into a losing live account.

  • Complex Setup: The requirement to install a DLL file and configure WebRequest for the news filter makes the installation process slightly more complex than a standard indicator.


Conclusion :


The PipHunter M5 EA V2.00 MT4 is a powerful addition to the FXCracked repository. It represents the cutting edge of retail algorithmic trading, bringing institutional-style M5 scalping logic to the masses. While it is not a "magic button" that guarantees wealth without risk, it is a highly sophisticated tool that, when managed correctly, provides a statistical edge over the market. The V2.00 update addresses the primary weaknesses of previous grid bots, making it safer and more adaptable to 2026 market conditions. We highly recommend downloading this unlocked version, testing it thoroughly on a demo account, and observing how the "Dynamic Grid" handles volatility. For traders looking for a robust, high-frequency workhorse, the PipHunter M5 EA V2.00 is a must-have download.


Support & Disclaimer :


Support


If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:


WhatsApp: https://wa.me/+443300272265


Telegram Group: https://t.me/yoforexrobot


Disclaimer: Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.


Referral


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