Guide to Optimizing Pip Collector EA Ultimate for Serious Live Trading

Guide to Optimizing Pip Collector EA Ultimate for Serious Live Trading

Guide to Optimizing Pip Collector EA Ultimate

#1. Start-Up Capital

Before diving into optimization, ensure you have sufficient start-up capital. While the system is adaptable, having a reasonable capital base enhances flexibility and the ability to withstand market fluctuations.

# 2. Trading Sessions

Optimize your trading sessions for maximum market activity. The system performs exceptionally well during the first two to three hours of the European and New York sessions. During high market activity, trade on low timeframes (1 to 12 minutes) and switch to higher timeframes (1 to 24 hours) during low market activity.

# 3. Adjustable Input Settings (System Set File)

Utilize the provided System Set File to adjust input settings. Experiment with the following parameters:

  • Trade Size: Determine the appropriate size based on your risk tolerance.
  • MaxLongTrades and MaxShortTrades: Set maximum allowed long and short trades.
  • PSAR_Open and PSAR_Close: Optimize opening and closing based on the Parabolic SAR.
  • MA_Open and MA_Close: Fine-tune trend filters using Moving Averages for opening and closing trades.

# 4. Indicator Settings

Efficiently configure the Parabolic SAR for different market conditions. Use a Maximum of 0.020 to 0.005 and Step of 0.10 to 0.20. Lower values like 0.005 for Step should be applied on lower timeframes (1 to 12 minutes) and avoided on higher timeframes (1 to 24 hours).

# 5. Profitability

Monitor profitability based on your selected timeframe. For short-term trading, utilize timeframes from 1 to 5 minutes during high market activity. Long-term trading can be performed on higher timeframes (H1 to daily) with weekly evaluations.

# 6. Risk Management

Understand the system's risk management. Stop Loss (SL) is triggered not due to mistakes but as part of the trend-following process. Adjust the timeframe based on your risk appetite: lower timeframes (1m to 12m) for increased trades with slightly lower accuracy, and higher timeframes (15m to 1 hour) for higher accuracy with fewer trades.

Time of the Day Settings

Optimize your trading time using the following parameters:

  • Time of the Day (From Hour/Min): Specify when the system starts trading.
  • Time of the Day (To Hour/Min): Specify when the system stops trading
Additional Settings
Time of the Day Settings: Adjust the system to initiate and terminate trading based on the time of the day. Experiment with different hours and minutes to align with your preferred trading sessions.

Days of the Week: Choose specific days the system can trade, providing flexibility based on market conditions.

Experiment with these settings to align with your preferred trading hours, maximizing opportunities during peak market activity.

Remember, continuous optimization and adaptation to market conditions are key to maximizing the effectiveness of the Pip Collector EA Ultimate system. Regularly review and adjust your settings based on market behavior and your trading goals.

FTMO Plug-In and NEWS Filter
No adjustments are needed for the FTMO Plug-In and NEWS Filter inputs. They are designed to seamlessly integrate into the system.

Optimizing Pip Collector EA Ultimate involves finding the right balance between trade size, risk management, and market conditions. Regularly review and adjust settings to adapt to evolving market dynamics and achieve optimal performance. Remember, patience is key when trading on higher timeframes, and the system's accuracy is a testament to its trend-following capabilities.

For more information regarding system features, operations and profitability, kindly download the system user guide on EA Guides. Lastly watch how we optimize the system Pip Collector EA Ultimate's functionalities on our YouTube Channel @forexvillapro

Thank you

With warm regards,
Peter Baloyi
Forex Villa Pro Team

Back to blog

Leave a comment

Please note, comments need to be approved before they are published.