Pipsover 2
Pipsover 2 is a scalping EA that aims to capture small pip movements by entering trades on short-term momentum signals and exiting with fixed pip targets. It operates primarily on lower timeframes with tight take-profit and stop-loss levels. The EA uses a simple price-action or indicator-based trigger to identify quick pip opportunities.
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 | -0.74% | -0.64% | 4.81% | 124 | 50.40% | — | — | — | — | Same as other EAs |
| GBPUSD | -0.67% | -0.58% | 6.45% | 125 | 48.40% | — | — | — | — | Same as other EAs |
| USDJPY | -0.96% | -0.83% | 5.83% | 125 | 51.60% | — | — | — | — | Same as other EAs |
| XAUUSD | +62.03% | +49.00% | 37.53% | 123 | 50.80% | — | — | — | — | Same as other EAs |
On every market this backtest is identical to EA-17147, EA-17641, EA-19510, EA-20166, EA-20670. The automatic conversion almost certainly lost what makes this EA different (a custom indicator, a filter or the money management), so these results are not ranked or counted.
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.
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
Pipsover 2's strategy concept is based on scalping, capturing small price movements for profit. Entry conditions typically rely on short-term momentum breakouts or simple indicator crossover signals, such as price breaking recent highs/lows or moving average crossovers. Exit conditions use fixed pip-based take-profit and stop-loss settings, with small TP targets and tight stops, aiming for high win-rate trades. Position sizing typically uses fixed lots or a simple percentage-of-balance calculation, lacking dynamic adjustment mechanisms. In terms of money management, the EA may offer risk percentage parameters but overall is fairly basic, without volatility-adaptive or dynamic position sizing. The strategy performs better during low-spread, high-liquidity trading sessions, but risk increases significantly during volatile markets or when spreads widen.
Strengths
- Simple and intuitive strategy logic, easy to understand and debug
- Fixed pip TP/SL makes risk controllable and predictable
- Suitable for low-spread accounts and high-liquidity trading sessions
- Scalping strategy can steadily accumulate profits under high win-rate conditions
Weaknesses
- Scalping strategy is extremely sensitive to spreads; profitability drops sharply when spreads widen
- Fixed pip stop-loss doesn't account for market volatility changes, may get stopped out frequently during high-volatility periods
- Lacks advanced money management and dynamic position sizing mechanisms
- Performs poorly during low-liquidity sessions or around major news events
- Lacks new bar check mechanism which may cause repeated entries on the same bar
Possible improvements
- Add a spread filter to pause trading when spread exceeds a threshold
- Implement ATR or volatility-adaptive TP/SL settings instead of fixed pips
- Add trading session filter to avoid low-liquidity periods and trading around news events
Risk assessment
Overall risk: Caution
- Scalping strategy is highly sensitive to spreads; continuous losses possible when spreads widen
- Fixed pip stop-loss may become ineffective when volatility changes
- Lack of new bar check may lead to over-trading
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed trading lot size |
TakeProfit | 10 | Take profit in points |
StopLoss | 20 | Stop loss in points |
TrailingStop | 5 | Trailing stop in points |
MagicNumber | 12345 | EA magic number |
MaxSlippage | 3 | Maximum slippage |
Timeframe | M5 | Trading timeframe |
Similar Scalping EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.