Introduction
If you’ve spent nights staring at charts, chasing tiny price moves and missing trades just coz you looked away for 5 minutes, you’re not alone. Scalping and intraday trading are exciting… but also exhausting. This is exactly where Pips Hunter EA V2.2 MT5 comes in — an automated trading robot designed to “hunt” pips for you, even when you’re away from your screen.
Built for the MetaTrader 5 (MT5) platform, Pips Hunter EA V2.2 MT5 focuses on high-probability entries, tight stop loss levels, and smart trade management. Instead of randomly firing trades, it uses a rules-based algorithm to scan the market, wait for clean setups, and execute orders with speed that manual traders simply can’t match.
In this blog, we’ll walk through what Pips Hunter EA does, how it works, its key features, recommended setup, pros and cons, and some practical tips so you can use it more confidently. Whether you’re a beginner who doesn’t want to overthink every entry or an experienced trader who wants to automate part of your strategy, Pips Hunter EA V2.2 MT5 can be a serious upgrade to your trading toolbox.
What Is Pips Hunter EA V2.2 MT5?
Pips Hunter EA V2.2 MT5 is an automated trading system (Expert Advisor) that runs on the MT5 platform. Its core goal is simple:
Identify short-term price opportunities and “hunt” pips consistently with minimal human involvement.
Instead of using risky strategies like blind martingale or random grids, Pips Hunter EA:
- Analyzes trend direction, momentum, and volatility
- Waits for clear confluence between indicators and price action
- Places trades with predefined stop loss and take profit
- Manages open trades using trailing logic and breakeven rules
A typical use case looks like this:
- Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD
- Timeframes: M5, M15, M30, or H1
- Account Type: ECN/Raw with fast execution
- Trading Style: Scalping & intraday trading
The V2.2 version usually includes upgraded filters, improved exit logic, and more stable performance across conditions.
Key Features of Pips Hunter EA V2.2 MT5
Core Trading Logic
Trend + Momentum Detection: Trades only in alignment with the main trend using MA filters and momentum indicators.
Precision Entries: Enters trades during breakouts, pullbacks, or volatility squeezes.
Multiple Timeframe Filters: Reads higher timeframe direction (H1/H4) while trading on lower charts.
Risk Management & Money Management
Fixed or Dynamic Lot Sizing: Choose between fixed lots or % risk per trade.
Stop Loss & Take Profit Built In: Every order is protected with SL & TP.
No Uncontrolled Martingale: No unlimited lot multiplier — safe for small accounts.
Optional Trailing Stop: Locks in profits automatically.
Smart Trade Filters
Spread Filter: Avoids bad trades during high-spread moments.
Session Filter: Limit trading to London, NY, or your preferred session.
News Filter: Optional filter to pause trading during major economic releases.
Ease of Use & Flexibility
- Beginner-friendly defaults
- Advanced custom parameters for pro traders
- Supports multi-pair trading
Recommended Setup for Pips Hunter EA V2.2 MT5
Minimum Recommended Deposit
- Micro/Cent Accounts: $50–$100
- Standard/ECN Accounts: $200–$500+
Best Pairs & Timeframes
- Main FX: EURUSD, GBPUSD, USDJPY
- Optional: XAUUSD (tight spread needed)
- Timeframes: M5/M15 for scalping, M30/H1 for slower trading
Basic Risk Settings (Example)
- Risk Per Trade: 0.5% – 1.5%
- Max Trades Per Pair: 1–3
- Daily Drawdown Cap: 3–5%
These settings serve as a starting point — adjust based on your risk appetite.
How Pips Hunter EA V2.2 MT5 Trades – Strategy Breakdown
Step 1 – Market Scan
- Trend direction (MAs)
- Swing highs & lows
- ATR-based volatility
- Momentum strength
If market conditions are bad, the EA waits.
Step 2 – Entry Condition
- Pullback to key levels
- Breakout from consolidation
Trade triggers only when all filters align.
Step 3 – Trade Management
- SL placed beyond swing/volatility area
- TP set according to pair & timeframe
- Optional trailing stop
- Partial profit-taking if enabled
Step 4 – Exit & Re-Entry
After TP/SL/trail hit, the EA waits for the next clean setup. No revenge trades. No emotional decisions.
Advantages and Disadvantages of Pips Hunter EA V2.2 MT5
Advantages
- Hands-free execution
- Emotion-free systematic trading
- Flexible risk options
- Multi-pair support
- Great for scalping & intraday
Disadvantages
- Performance varies by market condition
- Needs low spread / fast execution
- VPS recommended for stability
- Not a get-rich-quick tool
How to Install Pips Hunter EA V2.2 MT5 (Step-by-Step)
Step 1 – Download the EA
Download the .ex5 or .mq5 file and save it to your device.
Step 2 – Copy to MT5 Folder
- Open MT5 → File → Open Data Folder
- Go to MQL5 → Experts
- Paste EA file
- Restart MT5
Step 3 – Attach to a Chart
- Open preferred pair/timeframe chart
- Drag EA from Navigator → Expert Advisors to chart
- Enable “Algo Trading”
Step 4 – Configure Settings
- Set lot/risk
- Enable filters
- Enable trailing if needed
Step 5 – Test on Demo First
Run demo to understand behavior and compatibility before going live.
Best Practices for Using Pips Hunter EA V2.2 MT5
- Always start on demo
- Use conservative risk
- Don’t overload with many charts
- Use VPS for better execution
- Monitor occasionally
- Upgrade when new versions release
Final Thoughts – Is Pips Hunter EA V2.2 MT5 Worth It?
If you’re tired of missing trades, entering too late, or closing too early due to fear and greed, an EA like Pips Hunter EA V2.2 MT5 can truly help. It won’t guarantee daily profits, but it will bring structure, consistency, and automation to your strategy.
It’s ideal for traders who:
- Prefer scalping or intraday trading
- Want rule-based automation
- Are willing to test and adjust settings responsibly
Use it on demo first, refine your setup, and treat it as a long-term system — not a shortcut. Do that, and you’ll outperform most emotional manual traders.
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.