PipStrider Advisor

Continuing a long search for experts who, at least theoretically, could generate profit, our team came across the PipStrider expert, which was very hotly discussed on various Forex forums.

Of course, reviews about it are clearly not clear, since the expert uses martingale. 

Many argue that the adviser requires improvements and more detailed monitoring. Along with the skeptics, there are also positive reviews, so I won’t try to convince you of anything in advance.  

When deciding whether to review this robot or not, it was not this or that review that was important, but the very fact of such a heated discussion.

I would like to note that this expert comes from 2011 and was created by foreign developers. A significant difference of this expert is that it is completely autonomous and can work without any intervention from the trader.

By default, the expert was recommended for trading on the dollar/canadian currency pair, but over time it began to be widely used on the euro/dollar and pound/dollar currency pairs. To be honest, we saw almost all tests from real people almost exclusively based on them. The recommended time period is an hourly one, however, since the expert uses position averaging tactics, it can also be used on five-minute periods.

Before you start working, the expert should be installed in your trading platform Meta Trader 4. To do this, download the advisor itself at the end of the article, open your terminal and enter the file menu. In the menu that opens, go to the data directory and place the advisor in the expert folder. In order for PipStrider to appear in the trading terminal, you must restart your working terminal. Next, after restarting, go to the advisors section and drag PipStrider onto the currency pair chart . A settings window will appear in front of you, which we will discuss below:

The settings of the Expert Advisor are very wide, so I will describe some of them, and attach the rest along with the Expert Advisor itself inside the file. To begin with, I would like to note that the advisor has built-in protection against dishonest brokers.

In order to enable hidden loss levels in the Expert Advisor, turn on true in the StealthMode line. In the ModifyMartingale line, you can enable an averaging modification, in which the doubling of the original lot will begin after the third order in a row is opened.

In the UseMartingaleDisrupter line you can enable specific risk management from the development team.

In the MaxDrawDownPc line, you can set a drawdown limit at which the expert will pause its trading.

The first test of the expert was carried out on the pound/dollar currency pair on a five-minute time frame. The testing period is from January 1, 2015 to June 30, 2015. I decided to leave all the settings as default. The test result is shown in the picture below:

 Surprised by such a good result, I decided to conduct a second test of the expert on the euro/dollar currency pair. The settings were also left at default. The test period is the same as in the previous version. The result of testing on the euro/dollar pair is shown in the picture below:

 I think the test results are more than positive. Of course, a profit of thirty percent over six months may seem small, but considering that most experts lose their accounts quite well during this period.

Since the expert showed its best side in tests, our team decided to conduct real testing of it on our server. You can find the test results in the “ Advisor Test ” section.

Thanks for your attention, good luck! Download the PipStrider advisor

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