Boring Pips MT4

Description

Ever wondered why expert advisors fail to perform well in live trading despite their flawless backtest results?

Overfitting is the most likely answer. EAs that are designed to learn and adapt to historical data can be very accurate, but the models they use to do so lack generalizability.

Some developers don’t even know that over-fitting exists, or they do but have no way to stop it. Some developers use it to enhance their backtesting results. They add dozens of input parameters without taking statistical significance into account. This makes the trading strategy too tailored to the historical data, and they try to convince others that the EA will achieve the same performance in the future.

Introduction to the Boring Pips algorithm

The Boring Pips Trading System is a combination of artificial intelligence algorithms and classic trading techniques involving supply-demand zones, Fibonacci retracement, and momentum. The EA uses an advanced formula that is based on deep-learning algorithms to measure the price momentum across four time frames. This analysis helps identify instances of synchronization between the decrease in price momentum at supply and demand zones. The system can then make informed trading decisions. The entire process is automated, from scanning signals to entering and exiting trades, in four steps.

Step 1:An advanced algorithm is used to continuously scan the zones of supply and demand, which are areas where prices may react.

 

Step 3: The algorithm used by Boring Pips is a unique and sophisticated artificial intelligence algorithm that detects any change in momentum following a large price movement.

 

Step 4: When the price starts to lose momentum, it makes a trading decision.

 

Step 5: Boring Pips is a trading strategy that uses the probabilistic distribution rule in order to maximize the advantage of the entry point.

Live trading performance: https://www.mql5.com/en/signals/1801317

Features

Name	Boring Pips
Version	3.20
Platform	MT4, MT5
Trading strategies	Momentum, Supply and Demand zones, Fibonaci retracement,   Artificial intelligence
Recommended pairs	AUDNZD, NZDCAD, AUDCAD
Time-frame	M5
MultiCurrency EA	Yes. One chart for all symbols
Takeprofit	Yes. Trailing
Stoploss	Yes. Fixed
Grid	Optional
Martingale	Optional
Manual Risk Manegement	Yes. Stop entrying / Close all positions

Recommended installation

•  Install Boring Pips on one of the AUDCAD/AUDNZD/NZDCAD chart, with a time-frame of M5.
•  Trading symbols: select the trading currency pair (optimized for AUDCAD/AUDNZD/NZDCAD).
•  Risk mode: select an appropriate risk mode (Boring, Low risk, Medium risk or High risk).
•  Base balance: Choose the amount of Balance to allocate for trading.