PipHunter M5 EA V2.00 MT4

Introduction :

The PipHunter M5 EA V2.00 MT4 is a high-performance automated trading system meticulously engineered for the fast-paced environment of the 5-minute (M5) timeframe. In the world of Forex trading, the M5 chart is often considered the battleground for scalpers and high-frequency algorithms, offering rapid opportunities that slower timeframes simply cannot match. This Expert Advisor (EA) is designed to thrive in this specific domain, acting as a precision tool for traders who wish to capitalize on short-term market volatility without being glued to their screens for hours on end. Unlike generalist bots that attempt to trade every timeframe with mediocre results, the PipHunter M5 V2.00 is hyper-specialized. It is tuned to the specific noise levels, retracement patterns, and liquidity flows of the M5 charts for major currency pairs.

The "V2.00" designation signifies a major overhaul of the core logic. While the original version was effective, it sometimes struggled to distinguish between a temporary pullback and a full-blown trend reversal on lower timeframes. The V2.00 update addresses this by integrating a multi-layered filter system that cross-references M5 signals with H1 trend direction. This ensures that the EA is not "swimming upstream" but rather catching the micro-waves that align with the broader tide. Furthermore, the V2.00 release includes optimization for the modern market conditions of 2024-2026, where algorithmic trading dominates and price action is faster than ever. For the user base at mql5.software, this tool represents a significant upgrade in their arsenal, offering a way to automate the intense task of M5 scalping with professional-grade risk management protocols built directly into the code.

Key features :

M5 Optimized Algorithm: The heart of this EA is its timeframe-specific coding. It uses custom indicators tuned to 5-minute candles, allowing it to react instantly to micro-breakouts and momentum shifts that disappear in minutes.
Dynamic Grid Recovery: Recognizing that scalping entries cannot be 100% perfect, the EA employs a smart recovery grid. If price moves against the initial entry, it places recovery trades at calculated intervals. In V2.00, these intervals are dynamic, expanding or contracting based on the current market volatility (ATR), preventing the "grid death" scenario common in static bots.
Trend-Lock Technology: Before entering any trade on the M5 chart, the V2.00 logic checks the H1 and H4 trends. If the higher timeframe trend opposes the M5 signal, the trade is skipped. This significantly boosts the win rate by filtering out counter-trend noise.
News Filter Pro: The M5 timeframe is extremely sensitive to economic news. A minor speech can cause a 20-pip spike that ruins an M5 setup. The built-in News Filter connects to an economic calendar and pauses trading 30 minutes before high-impact events (USD, EUR, GBP news), safeguarding your equity from slippage.
Equity Protection Mechanism: Safety is paramount. The EA features a hard-stop "Max Drawdown %". If the open floating loss reaches a specific percentage of the account (e.g., 15%), it force-closes all trades. This acts as an emergency brake, ensuring you never lose more than you are comfortable with.
Spread Hunter: Scalping on M5 requires low spreads. The EA constantly monitors the broker's spread. If the spread widens beyond a set limit (common during market rollover), the EA will not trigger trades, ensuring you don't enter with a mathematical disadvantage.
Auto-Compounding: To maximize the growth potential of high-frequency trading, the EA includes an optional Money Management feature. It automatically calculates the lot size based on your current balance, allowing for exponential account growth as profits accumulate.

Recommended settings :

Trading Platform: MetaTrader 4 (MT4) Build 1350 or newer.
Currency Pairs: EURUSD and GBPUSD are the primary recommendations due to their low spreads and high liquidity. USDJPY is a secondary option but requires wider grid settings.
Timeframe: M5 (5-Minute) ONLY. Using this on H1 or D1 will result in very few trades and potentially incorrect indicator readings.
Minimum Deposit: $500 for a Standard Account (starting with 0.01 lots) is the baseline for safety. For accounts under $500, a Cent Account is mandatory to allow the grid strategy room to breathe.
Leverage: 1:500 is ideal. The recovery grid strategy utilizes margin to place averaging trades; lower leverage (like 1:30) can cause "Not Enough Money" errors during a drawdown sequence.
VPS: A low-latency Virtual Private Server (<10ms ping) is non-negotiable for M5 trading. You cannot run this effectively from a home PC that might sleep or lose internet connection.
Grid Settings: "Distance" set to 15 pips (tailored for M5 volatility) and "Take Profit" set to 10-15 pips.
News Filter: Set to true and ensure "Allow WebRequest" is enabled in MT4 options to fetch calendar data.

Backtest result :

The PipHunter M5 EA V2.00 MT4 has undergone rigorous historical testing to validate its M5 specific logic. Using 99.9% quality tick data (simulating real variable spreads) from 2022 to 2025, the results highlight its efficiency.

Win Rate: The system maintained a closed-trade win rate of over 85%, largely due to the grid recovery mechanism turning potential losers into winners.
Profit Factor: The Profit Factor consistently remained above 2.0, meaning the gross profit was double the gross loss.
Drawdown: On the EURUSD M5 pair with conservative settings, the maximum relative drawdown was capped at 18%. This is a strong result for a grid-based system, proving the efficacy of the new "Dynamic Grid" logic in V2.00.
Frequency: The EA is active, often taking 5-10 trades per day depending on market movement, making it excellent for rebate/cashback generation as well as profit.
Stress Test: During simulated "Flash Crash" events in the backtest data, the Equity Protection feature successfully triggered, saving the account from total ruin where other bots failed.

Installation guide :

Download: Obtain the "PipHunter M5 EA V2.00.ex4" file from the mql5.software repository.
Open Data Folder: Launch your MetaTrader 4 terminal. Click File in the top left, then Open Data Folder.
Install Expert: Navigate to the MQL4 folder, then the Experts folder. Copy the downloaded .ex4 file into this directory.
Install Libraries (Critical): If your download includes a msimg32.dll or fix file (common for unlocked software), copy this specific file to the Root Directory of your MT4 (the folder containing terminal.exe), not the Experts folder.
Enable WebRequest: In MT4, go to Tools > Options > Expert Advisors. Check "Allow WebRequest for listed URL" and add the calendar URL (usually provided in the EA manual or text file) to ensure the News Filter works.
Refresh: Restart MT4 or right-click the Navigator panel and hit Refresh.
Attach to Chart: Open a EURUSD chart and switch the timeframe to M5. Drag "PipHunter M5 V2.00" from the Navigator onto the chart.
Permissions: In the "Common" tab, verify that "Allow Live Trading" and "Allow DLL Imports" are checked.
Load Settings: Go to the "Inputs" tab. If you have a .set file, click Load and select it. Otherwise, manually set your Lot Size (e.g., 0.01).
Start: Click OK. Ensure the AutoTrading button is Green. Look for the smiley face in the top right corner.

Advantage :

Rapid Account Growth: The high frequency of M5 trading combined with the high win rate allows for faster equity growth compared to slow swing trading bots.
Specific Optimization: Being tuned strictly for M5 means it filters out the noise that confuses generic EAs, leading to more accurate entries.
Automated Recovery: The psychological stress of managing a losing trade is removed; the bot handles the recovery mathematically and without emotion.
Cashback Friendly: The high volume of trades makes this EA a perfect candidate for IB (Introducing Broker) rebate accounts, generating a secondary income stream from spread rebates.

Disadvantage :

Spread Sensitivity: M5 trading is heavily impacted by spreads. If your broker has a spread of 2.0 pips on EURUSD, this EA will likely fail. You strictly need a Raw/ECN broker.
Market Noise: Even with filters, the M5 timeframe is chaotic. During periods of low volume (like bank holidays), the price action can be choppy and trick the indicators.
Grid Risk: While safer than older versions, any strategy using a grid/martingale recovery carries a tail risk. If the market trends 300 pips without a pullback, the drawdown can become significant.

Conclusion :

The PipHunter M5 EA V2.00 MT4 is a specialized weapon for the modern algorithmic trader. It is not a set-and-forget tool for the careless; rather, it is a high-performance machine that requires the right environment (low spread, VPS, proper capitalization) to truly shine. By focusing exclusively on the 5-minute timeframe, it unlocks a layer of market liquidity that is invisible to higher-timeframe strategies. The V2.00 updates—specifically the Dynamic Grid and Trend-Lock technology—make it one of the most robust M5 scalpers available on mql5.software today. For traders looking to inject speed and high turnover into their portfolio, PipHunter M5 V2.00 is a highly recommended download. However, users must respect the power of leverage and grid trading; always test on a demo account first to understand the "personality" of the M5 price action before committing real capital.

Support & Disclaimer :

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: https://wa.me/+443300272265

Telegram Group: https://t.me/yoforexrobot

Disclaimer: Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.

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