Pipso
Pipso is a scalping Expert Advisor that aims to capture small price movements (pips) by entering and exiting trades quickly. It typically operates on lower timeframes with tight take-profit targets and uses technical indicators to identify short-term momentum shifts for rapid trade execution.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | +4.83% | +4.19% | 2.98% | 98 | 51.50% | 1.22 | 1.62 | 5 | +$5.33 | Reliable |
| GBPUSD | +0.06% | +0.05% | 5.01% | 99 | 44.40% | 0.04 | 0.01 | 6 | +$0.06 | Reliable |
| USDJPY | +6.53% | +5.65% | 3.80% | 99 | 56.10% | 1.60 | 1.72 | 5 | +$6.82 | Reliable |
| XAUUSD | +69.24% | +54.45% | 39.21% | 99 | 53.50% | 1.38 | 1.77 | 6 | +$69.94 | Reliable |
Profitable on 4 of 4 markets with reliable results.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Month by month
| Market | Months with a gain | Best month | Worst month |
|---|---|---|---|
| EURUSD | 54% | +3.28% 2026-03 | -1.78% 2026-08 |
| GBPUSD | 46% | +2.38% 2026-05 | -2.86% 2026-03 |
| USDJPY | 69% | +4.46% 2026-09 | -1.81% 2025-11 |
| XAUUSD | 69% | +47.30% 2026-01 | -19.45% 2026-08 |
From the backtest equity curve, sampled about every two days; only reliable results.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The core strategy of Pipso EA is scalping, capturing small price movements on lower timeframes for profit. Entry conditions are typically based on short-term momentum indicators or price breakout signals, opening positions immediately when a favorable rapid price movement is detected. Exit conditions primarily use tight take-profit targets combined with stop-losses to control individual trade losses. Position sizing may employ fixed lot sizes or dynamic lot calculation based on account balance. Money management requires strict spread filtering and slippage control since scalping strategies typically have high win rates but small per-trade profits. The strategy is highly sensitive to broker execution speed and spread conditions, and may frequently trigger stop-losses under unfavorable market conditions.
Strengths
- Scalping strategy achieves high win rates in low volatility markets, suitable for Asian session etc.
- Tight take-profit targets realize results quickly, reducing exposure risk from holding positions
- Strict spread filtering mechanism helps avoid opening positions under unfavorable trading cost conditions
Weaknesses
- Scalping strategy is extremely sensitive to spread and slippage, may be unprofitable with high-cost brokers
- Frequent rapid entries and exits generate high trade frequency, commission costs may erode profits
- Lacks overall market trend judgment, may frequently trade against the trend causing consecutive losses
Possible improvements
- Add multi-timeframe confirmation to avoid opening positions against the main trend direction
- Introduce dynamic take-profit and stop-loss adjustment based on ATR for adaptive target levels
Risk assessment
Overall risk: Caution
- Scalping strategy is highly dependent on execution speed and spread conditions, performance varies greatly across brokers
- High frequency trading may trigger stop-losses frequently during news events or sharp volatility
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.01 | Lot size per trade |
TakeProfit | 10 | Take profit in points |
StopLoss | 20 | Stop loss in points |
MagicNumber | 12345 | EA magic number for identifying this EA's orders |
MaxSpread | 30 | Maximum allowed spread |
TrailingStop | 5 | Trailing stop in points |
Similar Scalping EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.