Pip Step EA MT4 v1.5 (Build 1441+)

What is Pip Step EA MT4?

Pip Step EA is an advanced Expert Advisor (EA) based on a grid strategy for MetaTrader 4 (MT4).
It is a low-risk, flexible, and profit-optimized trading system. This EA combines strategic pip-step grid logic with trailing stop mechanisms and equity-based exits, providing a balanced approach suitable for both sideways and trending markets.

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Key Features

🔹Hybrid Grid Strategy: Uses fixed pip intervals to manage order spacing, with a directional switch after a defined number of trades to reduce overexposure.
🔹Built-in Risk Control: Limits Buy/Sell positions to a maximum of 3 before switching to a one-directional trading mode to reduce whipsaw losses.
🔹Trailing Stop with Flexibility: Locks in profits using dynamic trailing stops while allowing for trend continuation.
🔹Equity-Based Profit Exit: Closes all open trades when the equity gain hits a target percentage — perfect for compounding or fixed-growth strategies.

Pip Step EA MT4 Review

GBP/CAD currency pair using M15 timeframe over a 5-year period, from January 2012 to January 2017, under ICMarkets conditions with 99.90% modeling accuracy.

✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,702.09
⚠️ Maximal Drawdown: 5.40%
✅ Win Rate (Profit Trades): 87.74%

AUDCAD pair for 5 years (2012 – 2017) with $1,000 capital. Detailed performance parameters achieved:

✅ Initial Deposit: $1,000
✅ Net Profit: $1,076.57
⚠️ Maximal Drawdown: 4.83%
✅ Win Rate (Profit Trades): 71.24%

EURJPY pair for 5 years (2012 – 2017) with $1,000 capital. Detailed performance parameters achieved:

✅ Initial Deposit: $1,000
✅ Net Profit: $1,354.31
⚠️ Maximal Drawdown: 5.42%
✅ Win Rate (Profit Trades): 79.74%

GBPUSD pair for 5 years (2012 – 2017) with $1,000 capital. Detailed performance parameters achieved:

✅ Initial Deposit: $1,000
✅ Net Profit: $1,027.52
⚠️ Maximal Drawdown: 5.89%
✅ Win Rate (Profit Trades): 78.01%

The EA Setting

In the Downloads folder, there are:

✅ Experts: Pip Step EA v1.5.ex4

Conclusion:

Pip Step EA is a smart, precision-engineered grid tradingn solution tailored for traders who value low-risk strategies, stable growth, and intelligent automation.

Whether you’re targeting steady compounding gains or aiming to pass prop firm evaluations, Pip Step EA delivers a well-balanced approach that minimizes drawdow and protects capital.