- April 7, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Hi Forex Wiki Friends,
Pipgenius EA Description
This Expert Advisor is made to trade in certain systems, both manually and automatically, it can easily be traded by beginners to advanced forex traders. Although we do recommend that if you are a complete beginner, you should spend some time learning the market, learn about the Metatrader 4 where the EA is working, how the forex market works, what are lots, pips, points… and more.
This is an expert advisor and even on full auto you will sometimes need to interfere with what it does, especially around news events and before the end of the week. Having a general understanding of how the market work will increase your chance for success even more.
We recommend you start trading on a demo account to learn how Pipgenius EA works in different
conditions and find the settings you are comfortable using, without risking any of your investment.
Try out the different manual settings and setup recommendations made, and find what you are
comfortable with. Have fun and good luck!
Best Brokers List
The Pipgenius EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Golden Rules
1. The EA must be attached to only one chart.
2. Only one version of Pipgenius EA must be running on the MT4 terminal
3. You cannot have another EA running together with the Pipgenius EA on
the same MT4 terminal
Puts YOU in the driver's seat
The PiP Genius Trade Manager is designed to put you in the driver's seat with maximum control over your trading
Professional Standards
You get to use systems and indicators used by professionals and follow simple rules to get you on the right track
Pipgenius EA Trading
If you are wondering how you are going to approach the Forex Market and find your way to make a share of the trillion-dollar-a-day market that Forex is, Pipgenius EA is a fantastic tool that may help you with just that. Pipgenius EA is a dashboard that helps you to trade with confidence in your decisions.
Perfect
Pipgenius EA adapts to your trading preferences. If you are a beginner or an experienced trader, it is all there for you to use. Pipgenius EA makes decisions easy.
HOW TO DO IT
Choose auto or manual
Follow the rules
Watch how it trades
Pipgenius EA scans 20 different pairs and 5 optional ones that you can choose, it is looking for the best setups all the time. Gone are all the searching and opening of x number of windows to find setups, just press the button with the desired pair and it takes you there. Auto or Manual? You choose… it’s all there! Whether you are a beginner or an advanced trader Pipgenius EA helps you to the next level.
The Systems
You always see which system is active, and you switch at a click of a button. Everything is made to be effective and to your convenience.
SYSTEMS
Surefire
Harmonics
Correlation
And the fantastic part of it... you can use all this for free, that’s right – You Just enter the details below and you can install a full version of Pipgenius EA that you can use for a month. When you make money using Pipgenius EA that month, you simply pay a small fee for the amount you made and we send you a new activation code for the next month. If you do not want to use Pipgenius EA any longer than that month, you keep your earnings and Pipgenius EA deactivate. If you make no money you pay nothing! No need to wait, go try it now.
- How much money do I need to trade the Pipgenius EA TradeManager?
If you are trading manually there is no problem starting with $100 and 0.01 lot on an std. account pr. pair. If you go full auto, we recommend $1000 and a 0.01 start lot. But there are no guarantees!
- What kind of accounts can I trade Pipgenius EA on?
You can trade the free version on demo acc. When you decide to go live trading, It gets locked to your live account number. If you want to trade two live accounts, you just register for another account.
- Can I use it on ECN accounts?
Yes, you can use it on ECN, classic, cent, or pretty much every account type there is. - May I trade all pairs?
The Pipgenius EA can be traded on the 25 currency pairs that are on the frontend buttons. But remember, there are pairs that are more volatile than others, like GBPJPY. Trading these pairs will likely give more profit but also higher risk.
- Do I have to think about the spread?
There is no problem to trade with a high spread but remember that it steals from your profit. It is easy to calculate, if you use a broker where the spread is 5 pip higher in average comparison to another broker and you are trading a $1 a pip- you are missing out on $500 pr. 100 trades taken. And this is the money you want.
- Can I start Pipgenius EA and just let it run without doing anything?
Yes, you can in full auto, but it is always recommended to pay attention to big news and other happenings that may cause big moves. There is also a question about your settings and the size of your account. If your account is big enough for your settings, you may just let it run. - Can I trade several pairs at the same time?
Yes, there is no problem to trade several pairs, but you must remember if you trade several pairs where one of the currencies is the same, like EURUSD and GBPUSD. Moves/news that concern the USD in this example will most likely cause a move on both pairs at the same time. This may make your drawdown bigger. - Can I backtest?
No, this is a multi-currency EA and that makes backtesting difficult. Forward test on demo and learn along the way.
Pipgenius EA Settings
And in the Input tab, it is where you enter some of the settings you want the Pipgenius EA to start with.
Growth needed to TP- Here you enter the number in % from the balance you want the EAs
Global Basket to take profit. If you want to use a trailing stop this must be 0
Numbers of pairs to trade- The EA scans all pairs but don't open more pair than you specify
here.
Scalper- Closes the pair as soon as it sees a profit.
Trail- If you want to close pairs in profit manually or by growth, you put this to false. You may
try different styles of trading.
Start and finish hour- Choose the time of hour you want the EA to trade.
Start Lot- The lot size you want the EA to start with
Trading Style- Mighty RSI uses an algorithm and the rsi to enter. PipPirate uses internal
algo to enter. Harmonics uses The Harmonic scanner to pick entries. Mighty RSI2, Same as
1 just a little different rule to entering. Fibonacci, Uses Fibonacci to find entries, Uses take
profit and stop losses so must not use trailing stop or Scalping. Rich man Poor Man, Uses
internal algo to enter. Semi-Manual, Place your own entries and the ea will trade it regarding
your settings. In manual trading you use the buttons on the sides to handle the trades
regarding your own strategy. All the auto trading strategies are based on Pullbacks in the
market if you choose not to use the stop loss function. If the price goes against you it adds
orders to bring the breakeven closer to the price, then the pullback needs to be smaller to
get in profit. Test on the demo and see what you like the most.
Stoploss and Takeprofit- For your manual trading. Set the take profit and stop loss you want
the EA to place with your orders.
Martingale- If set to true, it doubles the lot size for each order on the same pair. (More profit
potential, but very risky)
Increment- If set to true, it adds on the same lot size as set in the start lot for each order on the
same pairs.
If both above is set to false, the EA will not increase lot sizes.
Signal- Trades only the pair you specify here.
The rest of the settings go on the visual and what colors you want to use. This is a great feature as we
all have different preferences when It comes to colors. Experiment and see what pleases your eye.
Pipgenius EA Result
PipgeniusEA Download
We highly recommend trying the Pipgenius EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.