Ultimate Pip Collector EA

Ultimate Pip Collector EA

Description: The Pip Collector EA… Ultimate 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… Ultimate include:

1. Easy to use: The Pip Collector EA… Ultimate is user-friendly and can be easily installed on the MetaTrader platform.
2. Simple yet effective: The strategy used by the Pip Collector EA… Ultimate 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… Ultimate has the potential to generate consistent profits over time.

Overall, the Pip Collector EA… Ultimate is a solid trading robot that can be used by beginner traders and experienced 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… Ultimate 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… The ultimate 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… Ultimate system and increase the chances of success in the forex market.

System Features:

This system (Pip Collector EA… Ultimate) only has Twelve adjustable system features.

1. Trade Size or Lot Size
2. Multiple Positions. (MaxLongTrades & MaxShortTrades
3. Magic Number
4. Hedging
5. Day Of the Week
6. Time Of The Week
7. NEWS Filter
8. Take Profit Button
9. MA_Close
10. MA_Open
11. PSAR_Close
12. 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.

Magic Number

In general, the magic number is used to identify and manage specific trades generated by an Expert Advisor (EA). The Magic Number serves as a unique identifier for the trades opened by the EA. This means that the EA would only manage trades that have the specified magic number, and any other trades opened manually or by other EAs would not be affected.

Using a magic number allows for more precise control and monitoring of trades, as the EA can easily distinguish its own trades from other trades in the same account. For example, if the EA needs to close or modify a specific trade, it can use the magic number to ensure that it is only affecting the trade it intends to.

Overall, the function of the magic number is to help the EA keep track of its own trades and manage them effectively.

Hedging

Hedging is a technique in trading where a trader opens two opposite positions at the same time to protect themselves against potential losses. In the context of an EA like Pip Collector EA… Ultimately, if the hedging option is enabled, it means that the EA can open both a buy and sell position on the same currency pair simultaneously.

The hedging option in an EA can be useful in certain market conditions where the direction of the trend is uncertain or volatile. By having both a buy and a sell position open, the EA can potentially profit from both upward and downward price movements, reducing the risk of large losses if the market goes against the initial position.

However, it’s important to note that hedging is not suitable for all traders and can be more complex than a simple long or short position. It’s also worth considering that some brokers may have specific rules or restrictions on hedging, so it’s important to check with the broker before using a hedging strategy.

Day of the Week: Day Filter

The day filter and time filter are used in trading strategies to control when trades are opened and when they are not.

The day filter is a function that specifies which days of the week trading is allowed. For example, if the day filter is set to Monday to Friday, then the trading strategy will only open trades on these days, and no trades will be opened on weekends.

The advantage of using a day filter is that it allows traders to focus on the days of the week that typically offer the best trading opportunities. For example, if a trader knows that certain days of the week tend to be more volatile, they can use a day filter to only trade on those days, potentially increasing their profitability.

Time of the Week: Time Filter

The time filter is a function that specifies the time of day when trades are allowed to be opened. For example, if the time filter is set to between 8 a.m. and 5 p.m., then trades will only be opened during this time window.

The advantage of using a time filter is that it allows traders to focus on the times of day when the market tends to be more active and volatile, potentially increasing their chances of success.

Overall, using day and time filters can be beneficial to traders as it helps them to avoid opening trades during less profitable times, and instead focus on the periods when the market is most active and potentially lucrative.

NEWS FILTER

The NEWS filter is an existing tool on Pip Collector EA… Ultimate that operates during economic events. It checks for the expected impact of upcoming news releases and filters out trades that do not meet the criteria set by the Expert Advisor. Economic Events Such As

• Gross Domestic Product (GDP) releases
• Consumer Price Index (CPI) releases
• Federal Open Market Committee (FOMC) meetings and announcements
• Non-farm payroll (NFP) releases
• Retail sales releases
• Trade balance releases
• Consumer Confidence and sentiment releases
• Housing starts and building permits released.
• Durable goods orders releases
• Industrial production and capacity utilization releases

The filter uses a combination of factors such as the currency pair being traded, the type of news release, and the expected impact on the market to determine whether to enter or exit a trade. The goal of the NEWS filter is to protect the trader from unexpected market movements that could result in losses.

 

“Take Profit’’ Button

A “Take Profit” button is a feature in Pip Collector EA… Ultimate that allows the trader to close all their open positions at once with a single click. This can be useful if a trader wants to quickly exit all their trades in response to changing market conditions or to lock in profits or limit losses. It can also be a useful risk management tool if a trader needs to quickly exit multiple positions due to unexpected news or events.

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 systems in the table below looking at the 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 SETTINGS
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… Ultimate

The Pip Collector EA… Ultimate trading strategy is based on the Parabolic SAR, Moving Average, MACD, Stochastic Indicator, and Relative Strength Index. The strategy involves closing long positions when the Moving Average crosses below the Parabolic SAR and closing short positions when the Moving Average crosses above the Parabolic SAR.

To open buy orders, the Moving Average must cross above the Parabolic SAR, and the trading hours and days must be within the specified range. Similarly, to open sell orders, the Moving Average must cross below the Parabolic SAR, and the trading hours and days must be within the specified range. The trade size can be adjusted by the user. The Pip Collector EA… Ultimate can be used in a 1 to 15-minute timeframe. The strategy is based on the following rules:

1. Closing long positions: If the MA crosses below the SAR and the MACD line crosses below the signal line, the EA will close any existing long positions.
2. Closing short positions: If the MA crosses above the SAR and the MACD line crosses above the signal line, the EA will close any existing short positions.
3. Opening buy orders: If the MA crosses above the SAR, the MACD line is above the signal line, and the Stochastic indicator is below the oversold level (e.g. 20), and it is within the specified trading hours and days, the EA will open a buy order. The trade size can be adjusted by the user.
4. Opening sell orders: If the MA crosses below the SAR, the MACD line is below the signal line, and the Stochastic indicator is above the overbought level (e.g. 80), and it is within the specified trading hours and days, the EA will open a sell order. The trade size can be adjusted by the user.

Note that the parameters for each indicator may need to be adjusted based on the specific currency pair and timeframe being traded. Additionally, it is important to backtest the strategy over a significant period of time and to practice good risk management to minimize potential losses.