Boring Pips EA v4.2 MT4 with SetFiles

Boring Pips EA – Multi-Currency Momentum Trading on MT4 and MT5

Boring Pips EA is a multi-currency automated trading system for MT4 and MT5, built around momentum analysis, supply and demand zones, and Fibonacci-based exits on AUDNZD, NZDCAD, and AUDCAD at the M5 timeframe. Two public live accounts — Medium Risk on IC Markets and Low Risk on RoboForex — have been running since 2022 and 2024 respectively, with core metrics visible on both Myfxbook and MQL5 Signals. The EA is published on the official MQL5 marketplace by developer Thi Thu Ha Hoang at version 4.4 as of June 2025.

• Vendor website: Click here

Key Highlights

• ✅ Trades AUDNZD, NZDCAD, and AUDCAD on M5 from a single chart across MT4 and MT5
• ✅ Two public live accounts accessible on Myfxbook and MQL5 Signals — no login required for core metrics
• ✅ Four selectable risk modes: Boring, Low Risk, Medium Risk, High Risk
• ✅ Grid and martingale are optional, not fixed — can be enabled or left off independently
• ✅ Not suitable for prop firm challenges — developer confirms daily and maximum drawdown rules are not managed

Performance Results

The Medium Risk live account on IC Markets (MT4) shows +1,774.91% gain, a 2.34 profit factor, and 38.49% maximum drawdown across 1,077 trades over 190 weeks.

The Low Risk live account on RoboForex shows +206.33% gain, a 2.04 profit factor, and a maximum drawdown of 22.07% across 650 trades over 138 weeks. The difference between 22.07% and 38.49% peak drawdown reflects a meaningful, practical difference in capital risk between the two modes.

View the Boring Pips Medium Risk live account on Myfxbook

A 38.49% maximum drawdown is a significant figure. At that level, an adverse sequence on the AUD or NZD crosses can pull equity down by more than a third before recovery. To manage this exposure: start on Low Risk or Boring mode, size your base balance conservatively, keep spreads at or below 3 pips, and monitor open position load regularly.

A backtest from 2010 with 100% modeling quality recorded a 32.02% equity drawdown across 8,079 trades, which broadly aligns with live drawdown behavior and adds historical context to the live results.

Past performance does not guarantee future results. Live results shown reflect actual trading on public accounts, not simulation. Drawdown at these levels requires controlled position sizing and active monitoring before and during live deployment. We recommend demo validation before live use.

How It Works

Strategy: Momentum-based multi-currency system trading AUDNZD, NZDCAD, and AUDCAD on M5, scanning momentum across 4 timeframes simultaneously, identifying supply and demand zones, and managing trade groups through probability-distribution logic. The developer describes an anti-overfitting process combining optimization on 2010–2019 data, walk-forward testing on 2019–2022 data, and stress testing before deployment.

Entry: Entries trigger when momentum signals across multiple timeframes align with a supply or demand zone. Exact entry parameters are not publicly exposed in the available materials.

Exit: Primary exits use Fibonacci retracement levels. Grouped position management adjusts exits based on probability-distribution calculations across open trades.

Risk Control: Four selectable risk modes — Boring, Low Risk, Medium Risk, High Risk. Base balance input controls capital allocation per mode. Optional grid and martingale logic can be enabled; the developer describes volume growth as slow and resembling arithmetic rather than exponential progression. A configurable drawdown limit can stop new entries or close all positions when reached. Grid and martingale behavior should be confirmed through demo testing before live use.

✅ Best conditions: Low-spread broker at or below 3 pips • Stable VPS with low latency to broker • Non-FIFO broker environment

⚠️ Caution: FIFO-rule brokers conflict with the grouped position management logic. Gold and BTC are not suitable pairs for this EA.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Traders comfortable with drawdown up to 38% who want a multi-currency AUD/NZD cross system with public live account history to evaluate
• MT4 or MT5 users who can run a VPS continuously and maintain spreads at or below 3 pips on AUDNZD, NZDCAD, and AUDCAD
• Traders who want selectable risk exposure and can start on Boring or Low Risk mode before scaling up

✅ Best results when:

• Account is funded at 500 USD or above, running on a low-spread non-FIFO broker with a stable VPS connection
• Risk mode is matched to actual account tolerance — Low Risk and Boring modes produce meaningfully lower peak drawdown than Medium Risk
• Broker spread on all three pairs is confirmed during both London and Asian sessions before going live

⚠️ Not suitable for: Prop firm challenge accounts. The developer confirms this EA was not built to manage daily drawdown or maximum drawdown challenge rules.

Browse more automated Forex EA systems or explore our MT4 EA collection and MT5 EA collection.

Download Package Included

• ✅ Experts:
  • Boring Pips MT4 v4.2_fix.ex4
• ✅ Presets:
  • Boring, Low Risk, Medium Risk, and High Risk mode preset files

Product download link is sent immediately via email after purchase.