Expert 10 Pips Review & Rating

The Expert 10 Pips EA displays a lot of settings that were made while gaining experience working with it. Pay attention to the leverage, which should be at least 1:500, and, even better, 1:1000. Use a cent account because it allows you to use a huge working deposit, and it reduces the risks ($1000 become 100 000 cents with the same lot of 0.01). Expert 10 Pips is a trend forex adviser and is suitable for highly liquid currency pairs such as EURUSD, GBPUSD, USDJPY.  The timeframe may vary from M15 to H1. The minimum deposit for working with the advisor is not less than 2000 unit per 0.1 of a standard lot.

Expert 10 Pips is a highly popular and respectively safe forex adviser. Its working principle is based on the trading strategy of the same name. The strategy uses the levels of the previous trading day. Expert 10 Pips is a breakout strategy and based on the movement in the same direction in which the session level had been pulled through.

Generally, it is recommended to set stop-loss at the opposite level, but there are cases when this is not suitable and effective. Therefore it is recommended to make stop-loss and take-profit fixed. Expert 10 Pips does not use any indicators and do not use such tools as martingail and similar for getting over from the drawdown. The main advantage of the adviser is the possibility of the automatic account type detection. This means that Expert 10 Pips can ascertain whether the account uses 4 or 5 symbols after dot. On this conclusion the adviser organizes its work. Besides, 10 pips ver 5 can work with pending orders and takes into account automatic calculation of the input lot. Thanks to the presence of a magi?? the 10 pips ver 5 can be applied simultaneously together with other forex adviser on the same trading account. The adviser is highly flexible therefore it is suitable for trading with any forex broker.

The market is constantly fluctuating and almost always gives a roll-back of 5-20 points. If you look closely at the chart, you can see that the price never goes up or down without rollbacks. Thus, these small fluctuations can be earned if you collect a profit on each roll-back of 10 points. This EA was written a long time ago and today I want to share it with нou. When testing, the robot showed excellent results and in two months, the deposit was increased almost 10 times. I constantly took profit, which gave me the confidence that this robot has no equals, but the first strong news took away the entire working deposit.

Over the years of using it, I can say that this robot is only afraid of the news and very weak trend with no roll-backs. While you can cope with a trend by increasing the initial deposit, it is impossible to cope with the news. In order to bypass the news, I arranged the EA trading schedule for each day (first, you need to see the news release time and turn off the robot at this time).

Remember that a large profit always carries very high risks, so try not to overestimate the lot. When working with this EA, I put a different lot before each transaction depending on my confidence.

Settings

• Direction - select the direction of trade. Buy/sell/automatic direction. Automatic direction always reverses the trade after a take profit. This allows you to have at the start 10 points of the price movement with no roll-backs, which increases the chance of a very fast roll-back;
• Auto Lot - automatic lot. It is calculated by the formula: Balance / Auto Lot * X (X - the minimum allowed lot on your trading account);
• Lot - fixed lot, if Auto Lot = 0;
• Step - step between orders. Initially, the option has 10 points, but you can experiment and put more. Good results were achieved at 30-40 points;
• Multiplier - multiplier of the next lot. To disable the multiplier, set the value to 1;
• Slippage - maximum allowed slippage;
• Step Profit - take profit. Very important option! Here you specify the step to close all orders. 1 - on the previous order, 2 - on the second order from the current one and so on. I recommend to set 1;
• Stop Loss (%of balance) - stop loss in % of a deposit. 0 - disabled;
• Stop Trades - stop trading after receiving a profit. Very useful option! When you need to stop trading in order to withdraw the profit, but the trades are still open, enable this option and new trades will not be opened after the profit is reached;
• Close Trades - emergency closing of orders. If you want to stop trading abruptly, enable this option. All orders will be deleted and trading will be stopped;
• Magic Number - magic number;
• Information - enable/disable the display of the information;
• Color - information color.