Pip Step EA MT4 v1.5 (Official version 1441+)

What is Pip Step EA MT4?

Pip Step EA is a robust grid-based Expert Advisor (EA) developed for the MetaTrader 4 (MT4) platform. Designed for traders aiming for low-risk, high-precision trading, this EA utilizes a smart pip-step grid strategy, combined with trailing stop functionality and equity-based exit rules. Its flexible configuration makes it ideal for navigating both sideways and trending forex market conditions, helping users optimize profits while maintaining effective risk control.

Key Features of Pip Step EA

• Hybrid Grid Strategy with Fixed Pip Intervals: Manages order spacing using fixed pip gaps and switches trade direction after a set number of trades to prevent overexposure.
• Effective Built-in Risk Control: Limits Buy and Sell positions to a maximum of three, then switches to one-directional trading to minimize whipsaw losses.
• Flexible Trailing Stop Mechanism: Secures profits through dynamic trailing stops while allowing trades to follow ongoing market trends.
• Equity-Based Profit Target Exit: Automatically closes all open trades when a preset equity profit percentage is reached, supporting both compounding and fixed-growth plans.
• Optimized for Risk and Reward Balance: Combines strategic trade management and risk limits to enhance long-term profitability and capital preservation.

Why choose Pip Step EA MT4?

• Ideal for Prop Firm Challenges: Includes built-in 1% equity target and order limits to meet drawdown and risk rules of firms like FTMO.
• Low-Risk Automated Trading: Uses conservative pip steps and micro lot sizing—perfect for small accounts or evaluation phases.
• Trailing Stop for Profit Protection: Automatically locks in gains as trades move in your favor, helping maximize returns while reducing risk.
• Optimized for Sideways Markets: Performs best on low-volatility pairs like EUR/CHF and AUD/NZD, ensuring more stable performance.
• Emotion-Free Trading Execution: Fully automated strategy eliminates emotional decision-making, reducing overtrading and human error.

Pip Step EA MT4 Review

🔹Pip Step EA is strategically engineered to profit from market pullbacks using its signature pip-step spacing logic. A comprehensive 5-year backtest was performed on the GBP/CAD currency pair using the M15 timeframe, from January 2012 to January 2017, under ICMarkets trading conditions with 99.90% modeling accuracy.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,702.09
⚠️ Maximal Drawdown: 5.40%
✅ Win Rate (Profitable Trades): 87.74%

Pip Step EA MT4 Backtest Trading Results

🔹Backtest Summary: Pip Step EA on AUDCAD (2012–2017)
This 5-year backtest on the AUDCAD currency pair using a $1,000 initial deposit showcases the reliable performance of the Pip Step EA under historical market conditions.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,076.57
⚠️ Maximum Drawdown: 4.83%
✅ Win Rate (Profitable Trades): 71.24%

Pip Step EA MT4 Backtest Results

🔹 EURJPY Backtest Results – Pip Step EA (2012–2017)
This 5 year backtest of the Pip Step EA on the EURJPY currency pair using a $1,000 starting balance highlights the EA’s effectiveness in generating consistent profits with controlled risk.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,354.31
⚠️ Maximum Drawdown: 5.42%
✅ Win Rate (Profitable Trades): 79.74%

Pip Step EA Backtest Trading Results

🔹 GBPUSD Backtest Results – Pip Step EA (2012–2017)
This 5 year backtest of the Pip Step EA on the GBPUSD currency pair with a $1,000 initial deposit showcases the EA’s ability to generate steady profits while maintaining disciplined risk control.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $1,027.52
⚠️ Maximum Drawdown: 5.89%
✅ Win Rate (Profitable Trades): 78.01%

Pip Step EA Backtest Results

Latest product download package includes

The download package of the product suite includes:

✅ Experts: Pip Step EA v1.5.ex4

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Conclusion

In short, Pip Step EA is a smart and precision-engineered grid trading Expert Advisor (EA), designed for traders who prioritize low-risk strategies, capital protection, and steady account growth. Utilizing a unique pip-step spacing algorithm, equity-based exit strategies, and built-in directional trade control, this EA offers a disciplined, automated approach to navigating both trending and sideways market conditions.
Whether you’re focused on compounding profits over time or looking to pass proprietary trading firm evaluations, Pip Step EA provides a balanced trading system that reduces drawdown and enhances long-term profitability.

>>> Reviewed by Jason Stap <<<