Introduction 

If you’ve been in forex for more than a few weeks, you’ve probably already seen it: fancy ads, hyped-up screenshots, and “magic” EAs that cost $299+… and blow your account within a month. That’s exactly what Pips Hunter EA V2.2 MT5 was built to avoid. Pips Hunter EA V2.2 MT5 is a free, high-precision scalping expert advisor created under the YoForex brand and distributed via MQL5.software. Instead of promising impossible returns, it focuses on what actually matters: consistent execution, rule-based logic, and solid risk controls. It’s designed for MT5 traders who want an automated solution for gold (XAUUSD) and major forex pairs, without the headache of martingale or dangerous grid systems. Whether you’re grinding prop firm challenges, trading your personal account, or just starting out with automated trading, Pips Hunter EA V2.2 MT5 aims to do the heavy lifting for you. It watches the charts 24/5, looks for high-probability setups, and executes trades according to a strict set of rules—no emotions, no revenge trades, no FOMO. In this guide, we’ll walk through what Pips Hunter EA V2.2 MT5 does, how it works, what kind of results you can expect, and how to install and configure it properly on your MT5 platform. You’ll also find download and support links, so you’re never stuck if something feels confusing.

Overview of Pips Hunter EA V2.2 MT5

Pips Hunter EA V2.2 MT5 is a fully automated trading robot for MetaTrader 5 designed to scalp short, clean moves in the market. It focuses on: Pairs: XAUUSD (gold) + major pairs like EURUSD, GBPUSD Timeframes: M5 and M15 (recommended: M15) Minimum Deposit: from $100 (recommended $300+ if using multiple pairs) Account Types: Standard, ECN or Raw spread accounts Trading Style: Intraday scalping with clear SL/TP The core logic behind Pips Hunter EA V2.2 MT5 is built around price action plus trend confirmation. It doesn’t blindly chase every candle. Instead, it waits for a confluence of: Short-term trend direction Volatility filters Support/resistance or micro-structure zones Spread and slippage checks (so you don’t enter into crazy conditions) Once all filters align, the EA opens trades with predefined stop loss and take profit. No martingale, no “double lot after loss” kind of drama. It uses fixed or risk-based lot sizing and focuses on a steady flow of smaller, controlled trades instead of lottery-style bets. Because Pips Hunter EA V2.2 MT5 comes from the YoForex ecosystem, it’s been tested both in backtests and live forward conditions before being released for free on MQL5.software. That means you’re not just downloading random code; you’re using a tool that’s actively monitored and updated.

Key Features of Pips Hunter EA V2.2 MT5

  • Free to download & use – No licensing fee, no hidden subscription, just grab it from MQL5.software.
  • Optimized for XAUUSD & majors – Built with gold and main forex pairs like EURUSD & GBPUSD in mind.
  • True SL & TP for every trade – No naked positions; every order has a defined exit.
  • No martingale, no dangerous grid – Risk stays under control even during rough market phases.
  • Dynamic risk percentage – Choose a % of account per trade, and Pips Hunter EA V2.2 MT5 calculates the lot size.
  • News & volatility filters – Option to pause or reduce trading around high-impact events (if you want).
  • Daily profit target option – Stop trading automatically once a chosen daily profit % is reached.
  • Drawdown guard – Ability to reduce lot sizes or stop trading if floating DD crosses a threshold.
  • Prop-firm friendly logic – Conservative risk style designed to respect max daily loss rules (if configured right).Multi-pair capability – Attach the EA to more than one chart for diversification.
  • Detailed trade comments – Easy to track which trades were opened by Pips Hunter EA V2.2 MT5 inside MT5’s history tab.
  • Lifetime updates via MQL5.software – When YoForex improves the logic, you can re-download the latest version.

Trading Logic & Strategy – How Pips Hunter “Hunts” Pips

Pips Hunter EA V2.2 MT5 doesn’t rely on any single magical indicator. Instead, it combines several elements:

Trend Detection: It identifies the short-term trend using moving averages and price structure. Only trades in the direction of the dominant move are considered, which helps filter out a lot of random noise.

Entry Filters: The EA looks for small pullbacks within that trend and waits for price to snap back in the trend direction. Think of it like buying dips in an uptrend or selling small rallies in a downtrend—but automated.

Risk & Exit Management: Every position comes with: A fixed or ATR-based stop loss A realistic take profit that suits the volatility of that pair Optional trailing stop logic to lock in profit if the move extends The idea is simple: many small, calculated trades over time instead of a few oversized gambles. This style fits traders who like: Gold scalping (XAUUSD) Intraday EURUSD/GBPUSD trading Prop firm consistency rather than “one big win” mindset

Backtest Results & Live Performance Insights

Now, let’s talk about what most traders really care about: performance. Of course, every broker, spread, and VPS setup will give slightly different results, so treat this as an example, not a guarantee.

Sample Backtest Scenario

Symbol: XAUUSD Timeframe: M15 Period Tested: Approx. 2–3 years of historical data Initial Deposit: $1,000 Risk per Trade: 1% Model: Every tick based on real ticks (recommended for accuracy) In this kind of scenario, Pips Hunter EA V2.2 MT5 typically shows: A relatively smooth equity curve with steady growth instead of wild spikes A controlled maximum drawdown (often under 15–20% when using 1% risk) A win rate that might hover around 60–70% depending on the pair and conditions Average monthly growth in the mid-single to low double-digit range (again, not guaranteed, just an illustration)

Forward / Live Market Behavior

On live accounts, traders generally observe that Pips Hunter EA V2.2 MT5: Takes multiple trades per week—some days more active, some days quiet Avoids over-trading in flat or choppy markets Performs best during sessions with decent volatility, like London & New York overlaps If you want to be extra safe, you can start Pips Hunter EA V2.2 MT5 on a demo or cent account first, then move it to live once you’re comfortable with its behavior.

Recommended Settings & Risk Management

Here’s a basic starting point (you can always tweak later):

  • Account Balance: $100 minimum (better from $300+)
  • Pairs: XAUUSD, EURUSD, GBPUSD
  • Timeframe: M15 on each chart
  • Risk per Trade: 0.5–1.0% (prop-style traders can even use 0.25–0.5%)
  • Max Open Trades: 3–5 per pair
  • Daily Profit Target: 2–4% (optional)
  • Max Daily Drawdown / Stop: 5–8% (to protect accounts & prop rules)
  • News Filter: Enabled for high-impact news if your trading style prefers safety over action

Remember: lower risk per trade usually means a calmer equity curve. There’s no glory in blowing an account just coz you were impatient with lot sizes.

How to Install & Configure Pips Hunter EA V2.2 MT5

Setting up Pips Hunter EA V2.2 MT5 is straightforward. Here’s the simple step-by-step flow:

1. Download the EA

- Visit MQL5.software and open the product page for Pips Hunter EA V2.2 MT5. - Use the download link provided (for example): https://mql5.software/download/pips-hunter-ea-v2-2-mt5

2. Copy Files to MT5

- Open MT5 → Click File > Open Data Folder - Navigate to MQL5 > Experts - Paste the Pips Hunter EA V2.2.ex5 file into the Experts folder - Restart your MT5 platform

3. Attach to Chart

- Open the chart for your desired pair, e.g., XAUUSD M15 - In the Navigator panel, find Pips Hunter EA V2.2 MT5 under “Expert Advisors” - Drag and drop it onto the chart - Enable “Allow Algo Trading” or “Allow live trading”

4. Load Recommended Settings

- Use the default preset or load a provided .set file from MQL5.software if available - Set your risk per trade (e.g., 1%) and any news/drawdown filters you prefer - Click OK to activate That’s it—Pips Hunter EA V2.2 MT5 should now start monitoring the market and opening trades based on its internal logic.

Why Choose YoForex-Powered Tools?

Pips Hunter EA V2.2 MT5 isn’t a random bot floating around the internet; it’s part of the wider YoForex ecosystem. YoForex focuses on providing: Transparent, practical tools instead of over-promised marketing Free access to many EAs and indicators via MQL5.software Ongoing updates as market conditions and technology evolve Educational content & beginner guides so you actually understand what your EA is doing Alongside Pips Hunter EA V2.2 MT5, you’ll also find other YoForex-linked tools on MQL5.software, such as: Beginner-friendly guides in the “Beginner Guides” category Other free MT4/MT5 expert advisors and indicators for different strategies All of this helps you build a more complete trading toolkit instead of relying on a single robot forever.

Final Thoughts 

If you’re tired of paying heavy price tags for robots that promise the moon, Pips Hunter EA V2.2 MT5 is a refreshing change. It’s free, practical, and built around realistic goals—scalping frequent, smaller moves on gold and major pairs with defined risk per trade. Here’s what really makes it stand out: It’s a free MT5 expert advisor from the YoForex ecosystem It uses no martingale and no dangerous grid logic It focuses on trend-aligned scalping with strict SL/TP rules It’s configurable, so you can adapt the risk profile to your own comfort level Will it magically turn $100 into $10,000 overnight? Of course not—and any EA claiming that is probably lying. But if you want a smart, rule-based scalper that you can test, tweak, and slowly build into your trading system, Pips Hunter EA V2.2 MT5 is absolutely worth a try. Call to Action: Head over to MQL5.software, download Pips Hunter EA V2.2 MT5 for free, drop it on your MT5 charts, and start testing it on demo. Once you’re confident with the behavior and settings, you can gradually move to live trading with proper risk. And remember, YoForex support on WhatsApp and Telegram is there whenever you need help. YoForex – empowering traders worldwide, one free tool at a time.

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.

Happy Trading