Piplaser pip advisor
Many traders often have the misconception around scalpers and pipsers
that these advisors open dozens or even hundreds of orders per day.
In fact, the number of open orders does not characterize the type of advisor, because scalping is characterized by short positions that remain in the market for a short period of time and have small profits, and pip traders usually differ from scalpers only in the size of the profit, which can be several pips.
Therefore, when testing any pisser or scalper, you should not be surprised that the advisor can open one position per day, or even less, because the main thing is not the number of entries, but their quality.
This expert simply breaks all the myths that a scalper must make a huge number of transactions to maintain his profitability, because in fact, this expert can make one transaction within two days, which you will not even have time to notice when it opened and at what speed it closed .
The developers of Piplaser tried to make the expert accessible to everyone, namely, to make the algorithm such that the expert could work with a minimum deposit, which can be less than $50 on a classic account. For this purpose, the advisor was based on an ultra-precise trading strategy, which gives a small number of signals and short targets of several pips in size, which allows you not to load the deposit.
Installation
The Piplaser pips advisor was developed for the MT4 trading platform, so you should install it before starting the test. To do this, in an open trading terminal, enter the file menu and open the data directory. After downloading the advisor at the end of the article, you will see 2 files, one of them is the advisor, and the second is a dll file.
Place the advisor itself in the expert folder, and place the file ending in .dll in the libraries folder. Then you should enter the navigator panel and update it. The expert itself is designed to work on a fifteen-minute chart of the USD/CAD currency pair. After dragging the advisor onto the chart of the currency pair, a settings window will appear in front of you, which we will discuss below:
Piplaser pip engine advisor settings, optimization recommendations
The EA provides dynamic calculation of the lot, so in the MinLotSize settings line it is necessary to indicate the minimum lot from which the EA can start trading, and in the MaxLotSize line it is necessary to limit the maximum lot so that the expert does not work with increased risk when capital grows. The TradeLevel line specifies the risk percentage for each position depending on the available funds in the account.
Since the Expert Advisor is an explicit scalper and pipser, it provides protection for stop orders and profits from the broker, which can be enabled in the StealthMode line. The essence of the protection is that the expert does not send data to the broker’s server about the stop order and profit, but constantly monitors these indicators independently without prior installation.
In the PipTarget line you can change the profit of the adviser, and in the StopLoss line you can limit your risks in points per position.
In the TimeProtect settings line, you can change the time during which Piplaser must close positions with profit, and after this time, the expert will fix the profit that is at that moment.
If we talk about optimization, the first parameters that should be configured are PipTarget and StopLoss since they have the greatest impact on the profitability of the advisor. Do not forget that we are dealing with a night expert who works during the Asian trading session , so a profit size of 5-10 points is the norm for him.
Testing the robot on history
To confirm the profitability of the expert, we decided to run it in the strategy tester with default settings for the period from January 1, 2014 to December 29, 2015. The test result is shown below:
As stated in the introduction, the expert can safely be called a boring scalper, since in fact, over two full years of testing, he opened only 174 transactions. However, the good news is that the expert does not use any martingale or averaging, but works stably for a long period of time.
Of course, this expert will not earn you hundreds of percent in a month, but keeping a safe write-up operator in your portfolio is not only profitable, but will also help you to properly hedge risks, especially if you are a fan of automated trading.
The best broker option for testing is www.alpari.com
Download Piplaser Pips Expert Advisor