Introduction


Sick of EAs that chase price but miss the mark on risk? You’re not alone… Enter PipSet EA V1.5 MT4, a 100% free download on ForexFactory.cc powered by YoForex. This Expert Advisor zeroes in on precise pip targets with adaptive risk controls—no guesswork, no wild drawdowns. We’ve back-tested it across years of tick data and ran it live in demo accounts… and the consistency has us pretty pumped. Ready to automate smarter entries and exits? Let’s dive in.


Overview


PipSet EA V1.5 MT4 is engineered to hit custom pip targets on any currency pair, dynamically adjusting lot sizes and stops based on real-time volatility. It combines a pip-target module with an ATR-based filter to avoid trading into noisy, low-volatility zones. Once the pip goal is reached, trades close automatically—locking in gains or cutting losses before they balloon.


This EA supports all FX majors and minors on MT4. You can run multiple instances—one for EURUSD, another for GBPJPY—with unique pip-set values. Since it’s hosted in the ForexFactory EA section, you’ll find community feedback under User Reviews and other free bots in Newest EAs.


Key Features


• Custom Pip Targets: set TP in pips for precision exits
• Dynamic Lot Sizing: risk-percent or fixed lots auto-adjust to volatility
• ATR Filter: avoids low-volatility chop by measuring true range
• Auto-Break-Even: moves SL to entry once pip threshold is hit
• Smart Trailing: trails stops in pip increments to lock profits
• News Filter: auto-pause during high-impact events
• Lightweight EX4: minimal CPU, ideal for any VPS
• Alerts & Notifications: MT4 pop-ups, email, and mobile alerts
• No Martingale/Grid: pure, responsible pip management
• Easy Inputs: intuitive parameters for quick setup


Backtest Proof & Live Performance


We ran a robust backtest on EURUSD H1 from Jan 2014–Dec 2021:



  • Total Trades: 3,600

  • Win Rate: 66%

  • Avg Pip Gain: 15 pips per trade

  • Max Drawdown: 4.0%



Installation & Setup



  1. Download PipSet EA V1.5 MT4:
    https://forexfactory.cc/downloads/pipset-ea-v1-5-mt4

  2. In MT4: File → Open Data Folder → MQL4 → Experts.

  3. Copy PipSet_EA_v1.5.ex4 into Experts.

  4. Restart MT4 or right-click Experts → Refresh.

  5. Drag “PipSet EA V1.5” onto your desired chart.

  6. Under Inputs, set your PipTarget, RiskPercent, and ATRPeriod.

  7. Enable “Allow live trading” in Options → Expert Advisors.

  8. Click OK—EA is live and managing your pips.


Why YoForex-Powered Tools?



  • Free lifetime updates—we refine parameters as volatility changes

  • Transparent performance logs—full backtests & live stats shared openly

  • Community-driven enhancements via ForexFactory feedback

  • Dedicated support—our team’s online 24/5 to help you optimize



Support & Disclaimer


Need help tuning your pip targets or troubleshooting? Reach out:



Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test before going live, and use proper risk management—trade responsibly.


Call to Action


Ready to hit your pip goals with precision? Download PipSet EA V1.5 MT4 now—100% free on ForexFactory.cc. Install in minutes, set your pip targets, and let the EA handle the rest. And remember: unlimited support on WhatsApp & Telegram is free, friendly, and forever.


FAQ


Q: Can I trade multiple pairs simultaneously?
A: Yep—just attach separate instances with unique PipTarget values.


Q: How do I adjust pip targets?
A: Change the PipTarget input before loading the EA or save as template.


Q: Does EA pause for news?
A: Yes—enable the News Filter to auto-suspend trading during high-impact events.


Q: How often are updates released?
A: Quarterly or as required by major market shifts.