Home Forex Service Review Pipsmonster EUR/USD Expert Advisor Review

Pipsmonster EUR/USD Expert Advisor Review

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Pipsmonster Eurusd H1 is located and found on the MQL5 marketplace, it was created by Raphael Schweitering and was uploaded on the 22nd of March 2020, it has not received any updates so its current version is still version 1.0.

Overview

Pipsmonster Eurusd H1 is an expert advisor that was created for the MetaTrader 4 trading platform, it is an automated trading system that has been optimized to be used with the EURUSD currency pair and on the H1 timeframe. There isn’t much information available around how the EA will actually function which is not a great sign to see as customers will need to know how it functions and analyzes the markets when altering some of the available parameters.

There are some additional features that come with the EA, these include working with 4 or 5 digit brokers, it has a spread filter, an equity stop functions, offers drawdown protection, takes profit bracket functions, to stop trading once take profit or stop loss target is reached, fast buttons for order types, an information panel, 5 types of money management including fixed lots and percentages, adjustable trading times, and an advanced algorithm for entering the exiting the markets.

There are also some parameters and settings that come with the EA which allows you to alter its functions. Some of these inputs include showing the information panel, magic numbers, lot sizes, risk management settings, take profit and stop loss goals, maximum spreads, slippage, minimum equity, and many more.

Service Cost

The Pipsmonster Eurusd H1 can be purchased with a single payment of $349 which is a one-time payment that gets you up to 50 activations and no other sort of limitations. There is also an option to rent the EA, this is done on a yearly basis and will cost $299 per month. A free demo version is also available and has been limited to usage with the strategy tester within the MT4 platform.

Conclusion

Unfortunately, there are currently no user reviews or ratings so we do not know whether people are finding the EA profitable or whether it is doing what it is intended to do, there are also no comments from users so we do not know if the developer is offering support, due to this we would suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47527

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