PipHarvester EA Free Download

An MT4 scalping robot called PipHarvester EA makes trades using trend detection techniques and candlestick patterns. This trading strategy is designed to trade a variety of assets, including Indices, Metals, and Currencies. This approach, which was created with both inexperienced and seasoned traders in mind, uses a sophisticated combination of technical analysis and risk management strategies to reduce risks and maximize profits.

The first step in the MT4 scalping robot strategy is to look for specific candlestick pattern formations, which usually indicate the end of a trend. Understanding these patterns is essential because they frequently signal the beginning of new trends, giving traders the chance to enter or exit positions before the market reversals. The strategy uses trend detection techniques to confirm the possibility of a trend reversal once a potential pattern has been identified, increasing the likelihood of profitable trades.

The PipHarvester EA’s emphasis on money management is a key feature. In addition to using a stop loss and take profit in each trade, it also uses a trailing stop loss, a dynamic type of stop loss that moves in tandem with the market price to lock in profits and guard against large losses. Additionally, it appears to be using a grid system, which entails putting multiple buy or sell orders in response to a losing trade. The grid method carries a risk of large drawdowns or even account blow-ups if the account balance is insufficient, even though it may increase profits in sideways and trending markets. It is recommended that traders exercise caution and comprehend the full consequences of utilizing such

Recommendations

• $500 is the minimum account balance.
• The most productive working pairs receive set files.
• Set File 1 – XBRUSD, XTIUSD, USDCHF, USDCAD, NETH25, XAGEUR, EURCHF, GBPJPY, XAGUSD
• Set File 2 – USDCHF, EURCAD, CHFJPY, NZDJPY, NZDCAD, EURNZD, AUDUSD, EURJPY, GER40, EURAUD, GBPCHF, AUDCHF, CADJPY, USDJPY, AUDJPY, AUDNZD, USDCAD, EURGBP, and NAS100.
• It works best on M1 and M5. (Work on any TimeFrame)
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
• low spread ECN account is also advised (Find the Perfect Broker For You Here).