What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
What our customers say
Selected Trustpilot feedback about CheaperForex support, setup and service.
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.
Original price was: $499.00.$249.95Current price is: $249.95.
- Current developer build from the MQL5 Market. Every future update lands inside your MT5 the moment the developer releases it, at no extra cost.
- We install it into your MT5 for you, usually within hours of purchase. See how it works
- Change your mind? Full refund within 7 days, as long as the EA has not been activated.
What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
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.
How buying from us works
Genuine build, installed for you, refund if you change your mind
CheaperForex buys the current build from the developer's live MQL5 Market listing and installs it on your machine through a CheaperForex-managed MQL5 account. That is why the price is lower than buying direct: you get one managed installation on one Windows PC or VPS, rather than a purchase recorded in your own MQL5 account.
- 1Order and pay
Card, Apple Pay, Google Pay or crypto, with 20% off for crypto at checkout.
- 2We arrange the installation
We connect to your Windows PC or VPS at a time that suits you and set the EA up inside MT5, usually within hours of purchase.
- 3Activate on one machine
The EA runs on that PC or VPS, in up to 10 MT5 terminals, with no subscription. The managed MQL5 account stays signed in there.
- 4Every update, instantly
Each new version the developer publishes appears inside your MT5 straight away, at no extra cost. Setup help is available by email and Telegram whenever you need it.
Not happy, or decided you would rather not have us connect to your machine? Ask within 7 days of purchase and, as long as the EA has not been activated, you get a full refund. Once activated, the license is assigned to that machine and cannot be refunded.
The purchase is not added to your personal MQL5 account and does not appear in your MQL5 purchase history. The managed account stays signed in on the activated machine, so moving or reinstalling the EA is done with our help, which is included.
Why Traders Trust Us
Us vs MQL5 Marketplace
See why 28,000+ customers choose us
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
