PipHunter EA V1.0 MT4 – The M5-First, No-Drama Scalper (Free + .SETs + Indicator)


Sick of bots that look great in screenshots but stall when spreads pop or volatility dips? Yeah, we feel that. PipHunter EA V1.0 MT4 is different: a practical MT4 expert advisor crafted for M5 scalping (and steady on any timeframe) across EURUSD, GBPUSD, USDJPY, and other major forex pairs. It ships 100% free on ForexFactory.cc, powered by YoForex—with a companion indicator and curated .SET preset files so you’re not starting from zero. Clean logic, clear risk, easy install… coz you’ve got trades to catch, not settings to guess.


Below, you’ll find how it works, what’s inside the download, our testing notes, and the exact steps to get it running. Take five minutes to set it up; take weeks of second-guessing off your plate.


Overview


PipHunter EA V1.0 MT4 hunts for short, asymmetric opportunities where micro-structure and momentum line up. Think of it as a calm engine that waits for a shallow pullback, watches for a fresh push, and fires only when the odds look decent. It’s tuned to the tempo of M5, where scalpers live, but the logic scales up to M15/H1/H4 if you prefer fewer, cleaner trades.


Three pillars drive entries:



  1. Directional Bias – The EA maps recent swing highs/lows and structure flips (BOS/CHOCH-style logic) to avoid fighting the tape.

  2. Momentum Confirmation – No blind dip-buying: PipHunter wants a renewed impulse before it commits.

  3. Risk Discipline – You control risk % or fixed lots, with ATR/swing-based stops, break-even, partials, and trailing—no martingale tricks.


The companion indicator mirrors the EA’s core signals visually, so you can confirm setups on-chart and journal “why” a trade fired. And the .SET presets—pulled from YoForex’s testing—give you plug-and-play baselines for M5, M15, and H1 on the majors.


What’s Included (Yes, There’s an Indicator & .SETs)



  • PipHunter EA V1.0 MT4 (.ex4/.mq4)

  • PipHunter Companion Indicator (.ex4/.mq4) – visual bias, zones, and impulse cues aligned with EA logic

  • .SET Presets – YoForex-tested profiles for EURUSD/GBPUSD/USDJPY on M5 (active), plus M15/H1 baselines for calmer flow

  • Quick Start PDF – short notes on risk %, spread filter, sessions, and when to use each preset

  • Tester Template – optional for faster Strategy Tester visualization


No fluff—just the parts you actually need to get productive fast.



Key Features


• M5-first design; works on all timeframes (M1–H4+)
• Pairs: EURUSD, GBPUSD, USDJPY, plus other major forex pairs
• Non-martingale; no forced grids—optional scaling only if you enable it
• Entry = structure alignment + momentum pulse + spread filter
• ATR-based SL option, fixed TP or dynamic trailing exits
• Break-even & partial close controls for smoother equity
• Session filter (Asia/London/NY) and news buffer inputs (manual calendar)
• Companion indicator for discretionary confirmation and journaling
• Curated .SET presets from YoForex testing—plug, run, refine
• Alert suite: on-screen, push, email for entries, BE, partials, trailing
• Lightweight code; runs great on common VPS/laptops
• Free lifetime updates and transparent change logs from YoForex


Backtest Proof & Live Performance (YoForex-Verified)


No EA is a magic ATM. The edge comes from stable logic, repeatable behavior, and risk you can live with. For PipHunter EA V1.0 MT4, we validated defaults and presets across calm, choppy, and volatile weeks.



  • Period tested: January 2020 – July 2025

  • Markets: EURUSD, GBPUSD, USDJPY (spot checks on AUDUSD, USDCHF)

  • Timeframes: M5 primary; M15/H1 for frequency vs. hold-time comparisons

  • Assumptions: ECN-like spreads, realistic slippage; no curve-fit tick wizardry

  • Method: MT4 Strategy Tester + bar-replay forward walk on live quotes using the provided .SET baselines


What stood out



  • On M5, a shallow pullback → fresh momentum pulse sequence reduced whipsaws, especially during London and the London–NY overlap.

  • GBPUSD provided bigger bursts; we applied a slightly stricter spread filter and a short news buffer around red-flag events.

  • Adding break-even at 1R with partial close near 1.3–1.6R softened drawdowns in sideways weeks without crippling upside when trends extended.

  • On H1, PipHunter’s logic delivered fewer entries but steadier equity, which some prop-style traders prefer.


YoForex live checks


We ran PipHunter on demo and small live accounts to confirm fills, alert timing, and trailing stability near session opens. No stealth grids, no surprise re-entries. Trailing responded to volatility shifts; alerts landed on time. We’ll keep publishing concise notes and change logs on ForexFactory.cc so you can see exactly what’s changing and why.



Installation & Setup (MT4 + Indicator + .SET)


You’ll be live in minutes:



  1. Download the ZIP from ForexFactory.cc and extract it.

  2. Open MT4 → File → Open Data Folder.

  3. Go to MQL4 → Experts and MQL4 → Indicators.

  4. Copy PipHunterEA.ex4 (or .mq4) into Experts and PipHunterIndicator.ex4 into Indicators.

  5. Restart MT4.

  6. Open EURUSD M5 (or GBPUSD/ USDJPY M5) to start.

  7. Navigator → Expert Advisors: drag PipHunter EA V1.0 MT4 onto the chart; enable Algo Trading.

  8. In Inputs, click Load and import a .SET file, e.g., PipHunter_M5_EURUSD_Active.set.

  9. (Optional) Attach the PipHunter Indicator to visualize bias, zones, and impulses on-chart.

  10. Save as a Template for one-click reuse.


Quick tips



  • Trade London and the London–NY overlap for best flows; avoid thin liquidity patches.

  • Journal ten trades with screenshots—note session, spread, volatility, and whether the move extended or snapped back.

  • Tweak one variable at a time (e.g., spread filter or partial %) so you know what actually helped.


Suggested Starter Settings (From the .SET Baselines)



  • Timeframe: M5 (start here), test M15/H1 after a week

  • Risk: 0.5% per trade (bump only after you’ve got stats)

  • SL: ATR(14) × 1.2–1.6 or just beyond the recent micro swing

  • TP & Management: Fixed 2R, break-even at 1R, partial 40–60% near 1.3–1.6R, trail the rest with a volatility-aware step

  • Spread Filter: ≤ 1.5× the pair’s recent average spread

  • Sessions: London + first hour of NY; pause 5–15 min around red-flag news


These aren’t commandments—just a proven baseline so you can focus on execution, not guesswork.



Why Choose YoForex-Powered Tools?


YoForex is the parent brand behind this free release on ForexFactory.cc. We build tools for traders who value clarity over hype:



  • Free lifetime updates and fixes

  • Ongoing optimizations guided by real trader feedback

  • Transparent change logs and performance notes you can actually use


We’d rather you keep one reliable EA for months than chase five shiny ones for a week. If that resonates, you’ll vibe with our toolkit.


Support 


Got questions, feature ideas, or broker quirks? Ping us—real humans reply.



Call to Action


Ready to hunt cleaner scalps without the drama? Download PipHunter EA V1.0 MT4 now—100% free, no strings attached. Install it, load the .SET that fits your style, and give it a disciplined week on demo. If you ever get stuck, our WhatsApp and Telegram are open and unlimited. You’ll feel the calm… and the confidence that comes from a rules-first engine, tho your journal has the final say.


YoForex—empowering traders worldwide, one free tool at a time.


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Happy Trading