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How MQL5 Activation Works
You're up and running in under 5 minutes
Purchase
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Installed onto your MT5
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Drag onto your chart
open MT5, attach to chart, done
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updates arrive straight to your MT5
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We'll do everything for you — install the EA, configure your settings, and get you trading. You can run it on your home PC or your own VPS, but for the best results we recommend a Windows VPS from just $13/month — runs 24/7, no disconnections, no need to keep your computer on.
EA Pips Hunter MT5
It combines day trading and swing-reversal logic across multiple forex pairs, with three ready-made portfolio configurations (Katana, Knife, Razor) for different diversification levels.
- ✅ 38% live growth over 9 weeks on verified signal
- ✅ Three portfolio presets — 6 to 10 pairs each
- ✅ No martingale, no grid, no averaging — ever
- ✅ Hard stop loss on every trade
- ✅ FIFO compliant, works with any broker
Real monitoring. Honest tests. Zero hype.
This is the latest version with ongoing updates.
Buy Now
Latest version with all future updates.
The lowest legitimate price — anywhere.
Original price was: $499.00.$249.95Current price is: $249.95.
when the developer raises theirs, ours increase too.
Full refund before activation. Zero risk.
Installed directly from the MQL5 marketplace
We can install it for you — no technical skills needed
Installed from the official marketplace, there's no difference
Quick Summary:
EA Pips Hunter for MT5 is an intraday scalping system developed by Ihor Otkydach — the creator behind Bomber Corporation, One Man Army, Swing Master, and Scalper Investor EAs.
It combines day trading logic for capturing intraday fluctuations with swing-reversal logic for precise entries on corrective pullbacks, all running on the M15 timeframe across multiple forex pairs.
What sets Pips Hunter apart: you get three ready-made portfolio configurations — Katana, Knife, and Razor — each with different pair combinations and risk profiles. Load the set files, choose your portfolio, and start trading with proper diversification from day one.
No martingale. No grid. No averaging. Every trade has a hard stop loss. The live signal shows 38% growth over 9 weeks on a real Pepperstone account. This is what honest algorithmic trading looks like.
Official MQL5 Listing:
EA Pips Hunter MT5
Developer Profile:
fibomen2 (Ihor Otkydach)
Live Performance Signal:
View Verified Signal — 9 Weeks Running
Manual & Set Files:
Download Documentation
From the Same Developer
Ihor Otkydach also developed Bomber Corporation EA, One Man Army EA, Swing Master EA, and Scalper Investor EA. Read our One Man Army EA review for more on his development approach.
What Makes Pips Hunter Different
Before diving into technical details, two things you need to know:
1. Real-money monitoring confirms performance.
The EA has been running live on a real Pepperstone account with public monitoring. No simulations, no hidden accounts, no “perfect backtests only” — real trading results you can verify.
2. Backtests are 100% honest.
No curve-fitting, no history manipulation, no unrealistic modeling. What you see in Strategy Tester is exactly how the EA behaves in real trading. This is one of the most transparent EAs on MQL5 Market.
Core Strategy: Day Trading + Swing-Reversal
Pips Hunter combines two professional trading approaches in one engine:
- Day Trading Logic — Captures intraday price fluctuations with structured entries and exits
- Swing-Reversal Logic — Precise entries on corrective pullbacks within larger moves
Everything runs on the M15 timeframe for fast, structured trading without holding positions for days. Average trade duration is approximately 17 hours — no long waiting, no accumulating trend risk.
Three Portfolio Configurations
Each buyer receives set files for creating three different portfolios. Choose based on your diversification preference and risk tolerance:
🗡️ Portfolio “Katana” — 9 Assets
- Pairs: AUDCAD, AUDCHF, AUDSGD, AUDUSD, CADCHF, EURAUD, EURCAD, GBPCAD, GBPUSD
- Character: Balanced diversification across AUD, CAD, EUR, GBP
🔪 Portfolio “Knife” — 10 Assets
- Pairs: AUDCAD, AUDSGD, AUDUSD, EURAUD, EURCHF, EURNZD, GBPCAD, GBPCHF, GBPUSD, NZDUSD
- Character: Maximum diversification, most pairs, broadest exposure
🪒 Portfolio “Razor” — 6 Assets
- Pairs: AUDCAD, AUDSGD, AUDUSD, EURAUD, EURNZD, GBPUSD
- Character: Concentrated, best Return/DD ratio, highest CAGR per asset
Live Performance
EA Pips Hunter has a verified MQL5 live signal running on a real Pepperstone account:
- Growth: 37.91%
- Running time: 9 weeks
- Initial deposit: $2,982
- Current equity: $4,097.43
- Profit: $1,130.17
- Profit trades: 74.8%
- Max drawdown: 13.3%
- Broker: Pepperstone UK
- Leverage: 1:30
→ View the Live Signal on MQL5
Key Features
Super-Safe Execution
- No martingale — ever
- No grid — ever
- No averaging — ever
- Hard stop loss on every single trade
- Dynamic SL algorithm reduces losses in fast-moving markets
Universal Compatibility
- Works with any broker worldwide (US, EU, UK, Asia)
- Not spread sensitive (but RAW/ECN recommended)
- Any leverage from 1:30 to 1:1000
- FIFO compliant for US brokers
- Minimum capital: $200
Short Holding Times
Average trade duration is approximately 17 hours. No positions held for days or weeks. Intraday structure avoids long-term trend exposure and weekend gap risk.
Ready-Made Portfolios
Download the set files, choose Katana, Knife, or Razor, and you have a properly diversified portfolio ready to trade. No need to figure out which pairs work — it’s already done.
Technical Requirements
- Platform: MetaTrader 5
- Timeframe: M15
- Pairs: Multiple forex (see portfolio configurations)
- Minimum deposit: $200
- Recommended deposit: $500+
- Leverage: 1:30 to 1:1000
- Account type: Any (RAW/ECN recommended)
- VPS: Recommended for 24/5 operation
Quick Setup Guide
- Install the EA file into your MT5
Expertsfolder. - Download the manual and set files.
- Restart MT5 and enable AutoTrading.
- Choose your portfolio: Katana (9 pairs), Knife (10 pairs), or Razor (6 pairs).
- Load the corresponding set files for each pair.
- Attach the EA to M15 charts for each pair in your chosen portfolio.
- Set appropriate lot size based on your capital.
- Run on a VPS for uninterrupted 24/5 operation.
User Reviews
★★★★★ “Ihor is simply that good at creating reversion EAs.”
Got this at launch because Ihor is simply that good at creating reversion EAs. So far from backtests, Razor seems like the one with best Return/DD and decent CAGR, and Knife is most diversified. Good to note that Ihor doesn’t abandon his previous EAs — he constantly updates them while creating new ones. When does he sleep? Nobody knows.
— DozerTrader (MQL5 verified)
★★★★★ “Finally, portfolios done right.”
Most EAs give you one pair and say “good luck.” This one gives you three complete portfolio configurations with proper diversification already figured out. Loaded the Knife portfolio and it’s running smooth across all 10 pairs. The 17-hour average hold time is perfect for my style.
— Martin K., Vienna
★★★★★ “Same quality as Bomber Corporation.”
I’ve been running Bomber Corporation for months. When I saw Ihor released Pips Hunter, I grabbed it immediately. Same attention to safety — hard stop loss, no martingale, no grid. Different strategy, same professional execution. Running both now for diversification.
— Andreas P., Frankfurt
★★★★☆ “Honest backtests match live performance.”
What sold me is that the backtests actually look realistic — not perfect curves with zero drawdown. The live signal shows similar behavior. 13% max drawdown is real-world territory. This developer doesn’t hide the rough patches.
— Rachel T., Singapore
★★★★★ “FIFO compliant and works on my US broker.”
Hard to find quality EAs that work with US broker restrictions. Pips Hunter is FIFO compliant and runs perfectly on my OANDA account. The Razor portfolio with 6 pairs keeps things manageable while still diversified.
— Chris M., Texas
★★★★★ “The documentation is actually useful.”
Downloaded the manual and set files — everything is explained properly. How to load each portfolio, what each setting does, realistic expectations. Ihor clearly cares about users understanding what they’re running.
— Sofia L., Madrid
Our Assessment
Transparent evaluation based on live signal and developer track record:
What We Found:
- Live Performance: 38% growth over 9 weeks on verified Pepperstone signal — real money, public monitoring
- Risk Management: No martingale, no grid, no averaging — hard stop loss on every trade
- Portfolio Approach: Three ready-made configurations (6–10 pairs) for proper diversification
- Backtest Honesty: Developer explicitly states no curve-fitting — backtests match live behavior
- Developer Track Record: Ihor Otkydach maintains and updates all his EAs — not a release-and-abandon developer
- Compatibility: FIFO compliant, works with any broker and leverage
- Best Suited For: Traders who want diversified forex exposure without dangerous techniques
- Watch Out For: Requires multiple charts for full portfolio — VPS recommended
- Overall: One of the most transparent, well-documented scalping systems available
Conclusion
EA Pips Hunter for MT5 represents what honest algorithmic trading should look like: real-money monitoring you can verify, backtests that match live performance, and zero dangerous techniques.
The day trading + swing-reversal combination captures intraday moves efficiently. The three portfolio configurations — Katana, Knife, and Razor — let you choose your diversification level. The 17-hour average hold time keeps you out of long-term trend risk. And the hard stop loss on every trade means no position can run away from you.
From the same developer who brought you Bomber Corporation, One Man Army, Swing Master, and Scalper Investor — Ihor Otkydach has built another system that prioritizes safety and transparency over flashy but unrealistic results.
If you want intraday forex scalping with proper diversification, honest performance tracking, and a developer who actually maintains his products — EA Pips Hunter delivers.
What Do You Receive?
– EA Pips Hunter for MT5 – Latest Version
– Access to manual and set files for all three portfolios
– Free lifetime updates (update yourself from within MT5)
– For use on unlimited brokers and accounts
– Installed directly from the MQL5 marketplace
FAQs
What’s the difference between Katana, Knife, and Razor portfolios?
Katana trades 9 pairs with balanced diversification. Knife trades 10 pairs for maximum diversification. Razor trades 6 pairs with the best Return/DD ratio and highest CAGR per asset. Choose based on your diversification preference.
Does it use martingale or grid?
No. Never. Every trade has a hard stop loss. No position averaging, no grid recovery, no lot multiplication. This is a core principle of the EA.
What timeframe does it trade on?
M15 exclusively. The EA is optimized for this timeframe across all portfolio configurations.
How long are trades held?
Average trade duration is approximately 17 hours. This is intraday scalping — no positions held for days or weeks.
What’s the minimum deposit?
$200 minimum, $500+ recommended for comfortable portfolio diversification across multiple pairs.
Is it FIFO compliant?
Yes. EA Pips Hunter is fully FIFO compliant and works with US brokers that require this.
What leverage do I need?
Works with any leverage from 1:30 to 1:1000. The live signal runs on 1:30 leverage (Pepperstone UK).
Do I need to run multiple charts?
Yes. Each pair in your chosen portfolio requires its own chart with the EA attached and the corresponding set file loaded. A VPS is recommended for running all charts 24/5.
Where do I get the set files?
Set files and manual are available at the developer’s blog post. Download and load the files for your chosen portfolio.
Are backtests reliable?
The developer explicitly states no curve-fitting or history manipulation. Backtests are designed to reflect authentic trading behavior — and the live signal confirms similar performance patterns.
What broker should I use?
Works with any broker worldwide. RAW or ECN accounts are recommended for tighter spreads, but the EA is not highly spread-sensitive.
Does the developer maintain his products?
Yes. Ihor Otkydach is known for continuously updating his EAs. He maintains Bomber Corporation, One Man Army, Swing Master, and Scalper Investor alongside Pips Hunter.
Peter Jones
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Frequently Asked Questions
Is this an official product?
Yes. This is activated directly from the developer's official MQL5 marketplace listing—guaranteed authentic.
Unlike downloadable files (which can be fake or cracked), this EA is installed through MQL5's one-click activation system, ensuring you get the real product with full functionality and instant automatic updates.
When you buy from us, you're getting the exact same lifetime license as buying directly from MQL5—just at a fraction of the price.
Are updates always free and instant?
Yes, product updates for this EA are always free and instant.
They can be downloaded from within the terminal from the marketplace.
Just go to the product listing and click "update" if there's one available.
How do I get this after paying?
Most activations are completed within 15-30 minutes of purchase.
Here's the simple process:
This is an official MQL5 product that must be activated directly from the marketplace—it cannot be downloaded as a standalone file.
Installation process:
1. After purchase, we'll schedule a quick activation session (usually within a few hours)
2. You grant us temporary access via UltraViewer or AnyDesk (takes ~2 minutes), OR provide temporary VPS credentials
3. We activate the EA on your MT5 terminal(s)
4. Done! The EA is permanently yours with instant updates from MQL5
The entire process is secure and takes about 2 minutes.
After activation, no further involvement from us is needed.
How does the 7-day refund policy work?
If you change your mind before we activate the official product in your MT5 terminal, you are eligible for a full refund. Absolutely no questions asked.
Once it has been activated and is working correctly, refunds are no longer available and our regular 7-day refund policy does not apply.
Once we've activated it for you, we can't take it back and it's yours permanently.
How long does activation take?
Usually within a few hours of purchase, but often much faster.
Immediately after purchase, you'll receive an instructional PDF explaining the simple activation process.
Don't worry—it's straightforward, and our refund policy applies anytime before we activate the EA on your terminal.
What if I reinstall MT5 or get a new computer?
Activations are tied to your hardware ID, not your MT5 installation.
Free reactivation if:
• You reinstall MT5 on the same computer
• You accidentally delete MT5
• Windows updates cause issues (this is rare)
• You reinstall Windows (sometimes this doesn't work, but we will always attempt it for you)
Reactivation NOT possible if:
• You get a new computer (different hardware)
• You upgrade major hardware components (motherboard, etc.)
Important: Treat your installation with care. If you're planning to reformat or upgrade hardware, contact us FIRST so we can assist you.
Contact [email protected] with your order number if you need help.
Why should I buy here?
Buying directly on MQL5 means paying full price upfront—often $500-$1,500—without knowing if the EA will work for you. If it doesn't perform or the developer abandons it, there's no refund.
At CheaperForex, you get the exact same official, lifetime-licensed copy for up to 70% less. Test it at a lower risk before committing full price elsewhere.
We've been trusted since 2019, and every EA is yours forever—no renewals, no expiry, no surprises. Smarter investing in trading tools.
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