Tired of scanning charts all day? Want to automate your Forex trades with minimal fuss? The EasyPipsPro EA V1.0 is here to help. As a fully automated MT4 expert advisor, this forex robot aims to generate consistent profits while protecting your capital. You’ll get pre-set money management, no martingale schemes, and an adaptive algorithm that reacts to market volatility. In this review, we’ll dive deep into how EasyPipsPro EA V1.0 works, share backtest and live results, cover recommended settings, and walk you through the install process. By the end, you’ll know whether this free tool can slot straight into your trading routine—no coding or manual tweaks required.

Overview

EasyPipsPro EA V1.0 is a MetaTrader 4 Expert Advisor designed for intraday scalping on the most liquid currency pairs. Built on a trend-momentum hybrid strategy, the EA filters trades based on volatility spikes and dynamic support/resistance levels. You don’t have to babysit charts; once you load the EA onto an H1 chart, it analyzes tick data in real time and places orders with predefined stop-loss and take-profit levels.

This EA is fully back-tested over five years of EUR/USD, USD/JPY, and GBP/USD data, showing robust performance in both trending and ranging markets. The proprietary risk management algorithm caps drawdown at 5% per month, so even if a series of losses hit your account, the EA will pause until market conditions stabilize. Best of all, EasyPipsPro EA V1.0 requires no external indicators—everything is hard-coded for lightning-fast decision making.

Key Features

• +1–2% daily profit targets on average
• Max drawdown capped at 5% per month (no martingale)
• Supports EUR/USD, GBP/USD, USD/JPY out of the box
• Timeframe: H1 (1-hour) for optimal signal reliability
• Dynamic lot sizing based on account balance (risk per trade = 1%)
• Built-in news filter to avoid high-impact events
• Break-even stop and trailing stop features
• Anti-strategy collision logic: one trade at a time per pair
• Low-spread broker compatibility (ECN/Zero spread only)
• User-friendly input panel; no coding needed
• Auto-pause on weekend gaps and off-hours

Backtest Results

A thorough backtest on EUR/USD from January 2018 to December 2023 reveals an equity curve that steadily climbs with minimal stagnation periods. Over 10 000 total trades, the EA achieved:

  • Total net profit: +85%
  • Profit factor: 1.58
  • Max drawdown: 4.8%
  • Average monthly return: 6.3%
  • Win rate: 62%

Equity curve fluctuations are smooth, thanks to the dynamic risk control that automatically reduces lot size after a string of losses. The absence of martingale strategies means the drawdown never spikes drastically, giving traders peace of mind.

Live Performance

Since launching in January 2024 on demo and small-live accounts, EasyPipsPro EA V1.0 has posted consistent gains across major pairs. On a $5 000 live ECN account, the EA delivered +7% monthly returns (March–April 2025) with a drawdown of just 3.2%. Traders report that the EA handles sudden market shifts—like Fed announcements and Brexit news—without overleveraging.

Recommended Settings

To get started, apply these recommended inputs in MT4:

Currency Pairs

  • EUR/USD, GBP/USD, USD/JPY

Timeframe

  • H1 (1-hour)

Lot Sizing

  • RiskPerTrade = 1% of account balance
  • Use AutoLot = true for dynamic sizing

Risk Management

  • MaxDrawdown = 5%
  • StopLoss = 30 pips
  • TakeProfit = 50 pips
  • BreakEven = 20 pips
  • TrailingStop = 15 pips

News Filter

  • TradeOnNews = false
  • NewsImpactLevel = High

Adjust these inputs if you prefer lower risk or wish to target higher returns, but be cautious—deviating from defaults can increase drawdown.

How to Install & Configure

  1. Download the EasyPipsPro_EA_V1.0.ex4 file from the MQL5 page.
  2. Open MT4, go to File → Open Data Folder.
  3. Copy the .ex4 file into MQL4\Experts.
  4. Restart MT4 so the EA appears under the Navigator panel.
  5. Drag & drop EasyPipsPro EA V1.0 onto an H1 chart of EUR/USD, GBP/USD, or USD/JPY.
  6. Open the Inputs tab, verify settings (as above), and click OK.
  7. Enable Algo Trading (green play button).

You’ll see confirmation messages in the Experts tab. If you hit any roadblocks, check that your broker allows EA trading and that automatic trading is turned on.

Support & Disclaimer

If you encounter any bugs or need help configuring inputs, feel free to:

Disclaimer: Past performance is not a guarantee of future results. Market conditions can change rapidly. Use EasyPipsPro EA V1.0 on a demo account before going live, and trade responsibly. Never risk money you cannot afford to lose.

Conclusion & Call to Action

EasyPipsPro EA V1.0 is a no-frills forex robot designed for traders who want reliable, hands-off performance. With solid backtests, real-world proof, and user-friendly setup, this MT4 expert advisor can slot into your trading plan in minutes. Best of all, it’s fully free—no subscription fees or hidden charges.

 

Happy Trading