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Beginners Pip Collector EA

Beginners Pip Collector EA

Regular price R 2,000.00
Regular price R 3,500.00 Sale price R 2,000.00
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Description

Beginners Pip Collector EA

Price: R3000ZAR | $150USD (Fixed USD Price)
Product Name: Beginners Pip Collector EA

Description: The Pip Collector EA… beginner is a simple yet effective trading robot that uses a combination of technical indicators and price action patterns to determine when to enter and exit trades in the forex market. It is designed for beginner traders who are looking for a straightforward trading strategy with over 90% accuracy that can be easily implemented on the popular MetaTrader platform.

WATCH THE SYSTEM INTRODUCTION

Advantages of the Pip Collector EA… beginner include:

  1. Easy to use: The Pip Collector EA… beginner is user-friendly and can be easily installed on the MetaTrader platform.
  2. Simple yet effective: The strategy used by the Pip Collector EA… beginner is based on a simple combination of technical indicators and price action patterns, making it easy for beginners to understand and use.
  3. Customizable parameters: The EA allows for customization of various parameters such as the trade size, stop loss, take profit, and trading hours to suit individual trader preferences.
  4. Low risk: The EA has a built-in stop-loss feature that helps to limit potential losses, making it suitable for beginner traders who are still learning the ropes.
  5. Works on multiple timeframes: The EA can be used on 1–15-minute timeframes, allowing traders to choose the timeframe that suits their trading style.
  6. Profitable: When properly optimized and used with good risk management, the Pip Collector EA… beginner has the potential to generate consistent profits over time.

Overall, the Pip Collector EA… beginner is a solid trading robot that can be used by beginner traders to automate their trading and potentially generate profits in the forex market. However, it is important to note that like all trading strategies, the EA is not foolproof and requires proper optimization and risk management to be effective.

General guidelines that users can follow to optimize the Pip Collector EA… beginner system:

  • Trade size: The recommended trade size for this system is 1% of the account balance. This means that if the account balance is $1,000, the recommended trade size would be $10. This helps to limit the risk per trade and preserve the account balance.
  • Number of positions: The Pip Collector EA… beginner system allows for the opening of a flexible number of positions, which can range from 1 to a number selected by the user.
  • Risk management: It is important to use proper risk management techniques to protect the account balance. The recommended risk per trade is 1-10% of the account balance. Additionally, users should set stop-loss orders to limit potential losses.
  • Timeframe: The system is optimized for the 1–15-minute timeframes. It is important to use these timeframes to ensure that the signals are accurate and reliable.
  • Market conditions: The system works best in trending markets. It is important to avoid trading during periods of low volatility or choppy price action.
  • Backtesting: It is recommended to backtest the system on historical data to evaluate its performance and make any necessary adjustments. This can help to identify potential weaknesses in the system and optimize its performance.
  • Regular monitoring: The system should be monitored regularly to ensure that it is performing as expected. Any necessary adjustments should be made promptly to ensure optimal performance.

By following these guidelines, users can optimize the performance of the Pip Collector EA… beginner system and increase the chances of success in the forex market.

System Features:

This system (Pip Collector EA… beginner) only has SIX adjustable system features.

  1. Trade Size or Lot Size
  2. Multiple Positions. (MaxLongTrades & MaxShortTrades)
  3. MA_Close
  4. MA_Open
  5. PSAR_Close
  6. PSAR_Open

Trade Size

Trade size: The recommended trade size for this system is 1% of the account balance. This means that if the account balance is $1,000, the recommended trade size would be $10. This helps to limit the risk per trade and preserve the account balance.

Flexible trade size has several advantages, including:

  1. Risk management: With flexible trade size, traders can adjust their position size based on their risk tolerance and market conditions. This allows them to control their risk and avoid overexposure.
  2. Improved profitability: Traders can optimize their profits by adjusting their trade size to match the current market conditions. In trending markets, larger trade sizes can help capture larger profits, while smaller trade sizes can be used in ranging markets to reduce risk.
  3. Portfolio diversification: Flexible trade sizes allow traders to allocate their capital across multiple trades and markets, which can help reduce risk and improve returns. This can be especially useful for traders with limited capital who want to diversify their portfolios.
  4. Scalability: With flexible trade size, traders can easily scale their positions up or down as their trading account grows or shrinks. This allows them to maintain consistent risk management and adapt to changing market conditions.
  5. Increased trading opportunities: With the ability to adjust trade size, traders can take advantage of a wider range of trading opportunities, regardless of the size of their trading account. This can help them to grow their trading profits over time.

Multiple Positions

The Pip Collector EA… beginner system allows for the opening of a flexible number of positions, which can range from 1 to a number selected by the user.

There are several advantages to using multiple positions in a trading system like Pip Collector EA… beginner:

  1. Increased profit potential: By opening multiple positions, you have the potential to increase your profits if the market moves in your favor
  2. Risk management: Using multiple positions allows you to spread your risk across different trades. If one trade goes against you, you still have other trades that can help mitigate your losses.
  3. Diversification: Multiple positions can allow you to diversify across different currency pairs or instruments, reducing your exposure to any one market.
  4. Flexibility: By allowing an adjustable number of positions, you have the flexibility to adapt to changing market conditions and adjust your strategy accordingly.
  5. Opportunity for scaling: As your account grows, you can increase the number of positions you open, potentially increasing your profits even more.

MA_Close & MA_Open

Pip Collector EA… beginner. It uses two indicators, the Moving Average (MA) and Parabolic SAR (SAR), to determine when to open and close positions. The Parameters and the Periods for these two indicators can be easily adjustable by the system user.

PSAR_Close & PSAR_Open

Pip Collector EA… beginner. It uses two indicators, the Moving Average (MA) and Parabolic SAR (SAR), to determine when to open and close positions. The Parameters and the Periods for these two indicators can be easily adjustable by the system user.

The Difference: Pip Collector EA… beginner Vs Pip Collector EA… Ultimate

The Pip Collector EA… beginner is a condensed version of Pip Collector EA… Ultimate. The Ultimate version of Pip Collector has more systematic functions and features than that of the beginner version. We can compare the two system on the table below looking at most notable features such as Precision, Indicators, and System accuracy.

The Pip Collector EA System Features: Beginner version Vs Ultimate version
Features Beginner Version Ultimate Version
SYSTEM INPUT/PARAMETER SETTINS
Magic Number YES YES
Time of the Day to Trade NO YES
Hedging NO YES
MaxLongTrades YES YES
MaxShortTrades YES YES
NEWS FILTER NO YES
FTMO PLUGIN NO YES
TAKE PROFIT BUTTON NO YES
Maximum Slippage NO YES
MA_CLOSE YES YES
MA_OPEN YES YES
PSAR_CLOSE YES YES
PSAR_OPEN YES YES
  • The Input Settings are easily adjustable by the system user to suit their trading risk appetite.
  • It is recommended to backtest the system on historical data to evaluate its performance and make any necessary adjustments.
STATISTICAL ASSESSMENT OF THE SYSTEM
System Accuracy 80% 95%
System Precision 91% 91%
System Profitability per 100USD Account Size 50-200USD 

 

WEEKLY PROFITS

100-750USD 

 

WEEKLY PROFITS

It is recommended to backtest the system on historical data to evaluate its performance and make any necessary adjustments. This can help to identify potential weaknesses in the system and optimize its performance.
Maximum/Minimum Number of PROFITABLE Trading SIGNAL per day
1 Minute Timeframe Not Applicable Not Applicable
5 Minute Timeframe Not Applicable Not Applicable
15 Minute Timeframe Not Applicable Not Applicable
1 Hour Timeframe Not Applicable Not Applicable
The Pip Collector EA (beginner / Ultimate Version) does not have a fixed number of trades that it can open per day. It can open as many trades as the market conditions and the user’s settings allow. The user can adjust the settings such as the trade size and the number of positions to open, which can affect the number of trades that the EA opens per day. Additionally, the EA has filters such as the day filter and the time filter, which can limit the number of trades opened per day.
SYSTEM INDICATORS USED ON THE CODE
MA – Moving Average YES YES
PSAR – Parabolic SAR YES YES
RSI – Relative Strength Index NO YES
STO – Stochastic Oscillator NO YES
MACD – Moving Average Convergence/Divergence YES YES
  • Pip Collector EA… beginner. It uses two indicators, the Moving Average (MA) and Parabolic SAR (SAR), to determine when to open and close positions.
  • The Ultimate Version uses all the Indicators listed above to filter market trends and noise to optimize profit abilities.
DAYS OF THE WEEK THE SYSTEM ALLOWS AUTOMATED TRADING
Monday YES YES
Tuesday NO YES
Wednesday YES YES
Thursday NO YES
Friday YES YES
Saturday NO YES
Sunday NO YES
The day filter on the Pip Collector EA… allows the user to specify which days of the week the system is allowed to open trades. However, the user can modify this setting to restrict trading to certain days only on the Ultimate version.

 

The System Strategy: Pip Collector EA… beginner

The strategy used by the Pip Collector EA… beginner is a trend-following strategy, which means it tries to identify the direction of the market trend and follow it. It uses two indicators, the Moving Average (MA) and Parabolic SAR (SAR), to determine when to open and close positions.

The Moving Average (MA) is used as one of the indicators to help the Pip Collector EA… beginner make trading decisions. Specifically, the EA uses the MA to determine the direction of the trend. If the MA crosses above the Parabolic SAR indicator, it is a bullish signal, indicating a potential uptrend. Conversely, if the MA crosses below the Parabolic SAR indicator, it is a bearish signal, indicating a potential downtrend.

For opening trades, the EA checks for a bullish signal where the MA crosses above the Parabolic SAR indicator. If this condition is met and the time and day filters are satisfied, the EA will open a buy order. Similarly, for a bearish signal where the MA crosses below the Parabolic SAR indicator, the EA will open a sell order.

For closing trades, the EA checks for the opposite condition to the one that triggered the opening of the trade. So, if a buy order was opened based on a bullish signal, the EA will close the trade if the MA crosses below the Parabolic SAR indicator, indicating a potential trend reversal. Conversely, if a sell order was opened based on a bearish signal, the EA will close the trade if the MA crosses above the Parabolic SAR indicator, indicating a potential trend reversal.

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