PipStep EA V1.5 MT4 – Smarter Grid Trading for Safer Profits

Tired of EAs That Blow Accounts with Aggressive Grid Martingales?

Let’s be real... grid strategies are powerful but they can also nuke your account if used recklessly. We’ve all seen those robots that double lot sizes every few pips, only to crash and burn when the market doesn’t come back. That’s where PipStep EA V1.5 MT4 steps in as your grid-smart alternative.

This free Expert Advisor is built to space out trades intelligently, avoiding the classic over-leveraged trap of typical martingale systems. It’s made for those who want to use the grid logic without waking up to a margin call.

The best part? You don’t need a PhD in trading to use it. Just attach to chart, tweak a couple of settings, and let it do its thing.

And yes—it’s totally free, brought to you by the folks at YoForex, who believe powerful trading tools shouldn’t cost an arm and a leg.

Overview: What is PipStep EA V1.5?

PipStep EA V1.5 is a grid-based Expert Advisor for MetaTrader 4 that uses pip step spacing to determine how far apart trades should be opened. Instead of traditional martingale systems that often increase lot sizes exponentially, PipStep allows for more control by focusing on fixed lot size or very slow lot progression.

It’s perfect for:

Sideways/range-bound markets
Pairs with low to moderate volatility
Traders who want drawdown protection over moonshot dreams

This EA comes pre-optimized for EURUSD, GBPUSD, and AUDUSD, but honestly, you can try it on most major pairs that don’t go haywire overnight.

And yup—it works on any MT4 broker, no fancy ECN or offshore setup needed.

Key Features of PipStep EA V1.5

• + Intelligent pip step spacing to avoid overtrading
• + Supports fixed or incremental lot sizes
• + Fully automated, no manual intervention needed
• + Customizable pipstep input (5, 10, 15, 30 etc.)
• + No martingale (unless you really want to use it—optional setting)
• + Risk control via max orders and max drawdown settings
• + Works best on low spread pairs like EURUSD
• + Compatible with all brokers (yes, even those funny ones)
• + FIFO compliant – safe for US traders too
• + Drawdown remains under 10% in stable conditions
• + Handles sudden spikes with built-in spacing logic
• + Set-and-forget friendly for swing or grid traders

Backtest Results & Real Proof

We ran a backtest of PipStep EA V1.5 on EURUSD H1 timeframe, with:

Initial deposit: $1,000
Lot Size: Fixed 0.01
PipStep: 15
Max Orders: 5
Period: Jan 2022 – May 2024

Here’s what we saw:

Max Drawdown: 8.72%
Total Trades: 354
Win Rate: ~87%
Net Profit: $482
Average Monthly Return: 4.2%

How to Install & Configure PipStep EA

Download the EA from MQL5.software
Open your MetaTrader 4 platform
Click File → Open Data Folder
Navigate to MQL4/Experts/ and paste the EA file
Restart MT4
Drag it onto a chart like EURUSD H1
Tweak your pipstep and lot size settings
Click "AutoTrading" and let it rip

Why Choose YoForex-Powered Tools?

YoForex has been empowering retail traders with free, high-performance tools for years. No gimmicks, no subscriptions, just raw automation power with community feedback and regular updates.

They offer: