PipHunter EA V1.0 MT4 – Tested EA & Indicator Combo for Major Forex Pairs


Introduction


If you’ve ever wished for an EA that can not only execute trades automatically but also give you clear visual confirmations through an indicator, your search might just be over. The PipHunter EA V1.0 MT4 brings together the best of both worlds — an automated trading system plus a linked indicator included in the set file.


Optimized for EURUSD, GBPUSD, USDJPY, and other major forex pairs, PipHunter EA is built for M5 scalping precision but works equally well on all timeframes. And it’s not just theory — this setup has been tested in both backtests and forward demo conditions to ensure consistent performance in real market scenarios.


Overview of PipHunter EA V1.0 MT4


The PipHunter EA is a MetaTrader 4 Expert Advisor that trades automatically using its advanced built-in logic, while also providing visual trade signals via its included indicator. This dual approach gives traders two major advantages:



  1. Automated Execution: The EA scans, places, and manages trades with no manual intervention needed.

  2. Visual Transparency: The indicator lets you see the trade logic in action, showing entry/exit points and potential setups.


It’s optimized for M5, making it ideal for scalpers who want fast execution and minimal lag. However, its adaptable settings mean you can run it on higher timeframes for swing or position trading.



Key Features



  • Dual-System Integration – EA executes trades while the indicator visually displays signals.

  • Tested Performance – Verified through both backtests and forward testing.

  • Optimized for Majors – EURUSD, GBPUSD, USDJPY, plus other high-liquidity forex pairs.

  • M5 Scalping Precision – Designed for short-term trading but functional on all timeframes.

  • Multi-Asset Compatibility – Works on forex, gold, indices, and more.

  • No Repainting Signals – Indicator signals remain fixed once confirmed.

  • Advanced Risk Management – Adjustable lot sizes, SL, TP, and trailing stop options.

  • News Filter Option – Skip trading during high-impact events.

  • Low Resource Usage – Runs smoothly even when loaded on multiple charts.

  • Beginner-Friendly Setup – Just load the EA and set file to start.


Performance & Testing Insights


Backtesting Results:
On EURUSD, GBPUSD, and USDJPY M5 (3-year period, balanced risk settings):



  • Win Rate: ~74%

  • Average R:R Ratio: ~1:1.4

  • Max Drawdown: ~10–11%

  • Trade Frequency: 5–12 trades per week per pair


Forward Testing:
In live demo forward tests, PipHunter maintained its performance over a 6-week period with:



  • Low slippage

  • Consistent entries matching the indicator’s visual signals

  • Minimal deviation from backtest results


Pro Tip: Running PipHunter on multiple major pairs simultaneously smooths equity growth and reduces dependence on a single market’s conditions.



How to Install & Configure PipHunter EA V1.0 MT4 with Indicator



  • Step 1: Download the EA + indicator set package from FXCracked.org.


Step 2:



  • Place the .ex4 EA file into your Experts folder:
    File > Open Data Folder > MQL4 > Experts

  • Place the included indicator .ex4 file into your Indicators folder:
    File > Open Data Folder > MQL4 > Indicators



  • Step 3: Restart MT4.

  • Step 4: Load an M5 chart for EURUSD, GBPUSD, or USDJPY.


Step 5:



  • Attach PipHunter EA from the Navigator panel.

  • Load the provided set file for your chosen pair.


Step 6:



  • Ensure the indicator is active to view trade signals.

  • Enable AutoTrading in MT4.


Step 7: Adjust main parameters:



  • Lot Size: Fixed or equity-based auto-sizing.

  • Stop Loss / Take Profit: According to your risk tolerance.

  • Magic Number: Unique code for trade tracking.

  • News Filter: Enable for event protection.


Best Practices for Maximum Results



  • Trade During High Liquidity: London and New York sessions give the cleanest signals.

  • Pair EA with Indicator Monitoring: Let the EA run, but use the indicator to confirm high-quality setups.

  • Start on Demo: Test for at least 2 weeks before going live.

  • Use VPS Hosting: For uninterrupted operation and lower latency.

  • Risk Management: Keep per-trade risk at 1–2% of account equity.

  • Avoid Over-Optimization: Stick with tested default settings for stability.


Why the Included Indicator Makes a Difference


Most EAs run as “black boxes,” leaving traders in the dark about why trades are taken. The PipHunter indicator changes that:



  • Visual Confidence: See exactly when and why a trade is signaled.

  • Learning Tool: Helps you understand the EA’s strategy over time.

  • Manual Flexibility: You can use indicator signals independently for manual trades if desired.


This combo approach is perfect for traders who want both automation and market insight.



Why Choose PipHunter EA V1.0 MT4?


Compared to standard EAs, PipHunter offers:



  • Tested reliability in both historical and forward conditions.

  • Visual transparency via a synced indicator.

  • Scalping optimization without sacrificing adaptability.

  • Compatibility with a wide range of pairs and timeframes.


It’s an automation tool that teaches you while it trades — rare in a market flooded with “set and forget” systems.


Support 


For installation help or optimization advice:



Final Thoughts & Call to Action


If you want a tested EA + indicator combo that’s built for scalping precision on M5 but adaptable to any style, PipHunter EA V1.0 MT4 is a strong contender. It’s optimized for EURUSD, GBPUSD, and USDJPY but performs well on any major pair, giving you both automated execution and visual clarity.


Download it today from FXCracked.org and take your forex trading to the next level — with both speed and confidence.


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