EA Pip Scalper VERSION 1.2.0
As you may know, the EA Pip Scalper system is a high functioning autotrader for Forex. It is one of the newest FX autotrader apps out there at this time, yet also one of the most functional and profitable. If you are a newbie that wants to trade Forex profitably, but don’t have much knowledge on the subject, then an autotrader like this is perfect for you.
Now, with that being said, as is the case with all new pieces of software, whether for Forex trading or otherwise, there are some bugs and issues to be solved. Now, there was an update done a few weeks ago which solved many of these problems.
However, this update created a couple of problems of its own, which is why yet another update has just been done. Today, we are here to do an EA Pip Scalper version 1.2.0 review, detailing exactly what has changed about the software. Simply put, some big time improvements have been made to the EA Pip Scalper autotrader, and you absolutely need to know about them.
The New EA Pip Scalper – Version 1.2.0
As we mentioned in our opening paragraphs, the EA Pip Scalper app has now undergone 2 huge updates that saw many upgrades being added to the mix. One of these updates was done arouhnd2 weeks ago, and the last update was just done a couple of days ago. So, what exactly does this upgrade entail, and what does it mean for your trading experience?
New Lite Version Added
One of the main upgrades that you get with the new EA Pip Scalper update, version 1.2.0, is that a special lite version of the app is now available for all to use. This new lite version of the EA Pip Scalper features a reduced amount of input parameters that traders can change.
This makes the 1.2.0 version ideal for beginners who don’t know much about trading in general and don’t have sufficient knowledge to change parameters on their own. This lite version it much easier for beginners to trade because most of the confusing parameter choices have been removed. Yes, full version is still available for use. Whether you choose the full or lite version is up to you.
What you do need to be clear about here is that the overall functionality and profitability of the software is the same as before. Simply put, although the lite version has less parameters to fiddle with, it still performs amicably, and it absolutely allows for big time profits.
Safer Default Settings for Everybody
One small issue that the older version of the EA Pip Scalper had, before this new update was done, was that the Strat*_Sig2 open strategies aspect could have been more reliable and more functional. This Strat*_Sig2 open strategies has now been disabled now.
This means that the current default settings are now much safer for everyone to use. In other words, the level of risk has been decreased so that there is less of a chance of losing money, and thus it has made this software more profitable than before.
Improved Journal Logs
Another aspect of the new Pip Scalper version 1.2.0 has to do with the alert and journal logs. Needless to say, an autotrader’s journal logs are extremely important. This is how you can tell exactly what happened and when it happened, what went wrong, and so on and so forth. You need to be able to read these, you need to be able to analyze them, and to inteprept them. If you cannot do this, then you will run into some serious trouble. This whole journal log system has now been made much easier to comprehend.
Before this new update took place, these journal and alert logs were just not very easy to comprehend, however, now, with this new update, this issue has been solved once and for all.
Fixed Automatic Magic Number Function
The previous EA Pip Scalper update saw a brand new magic number feature added to the mix. Yet, for some unknown reason, when the software was used with the MetaTrader 5 platform, the Magic Number feature often did not work properly, and in rare occasions, it may have even caused the software to malfunction completely. However, this Magic Number feature for MetaTrader 5 has now been solved, and it all works fine, so that everything is properly labelled and remains functional.
Some minor Issues with the EA Pip Scalper V1.2.0
What is important for you to know about the new version of the EA Pip Scalper, version 1.2.0, is that there are a couple of minor problems with it. Although, none of these issues are deal breakers. There is yet another new update that is set to be released on November 30. 2020. This upcoming update should work to solve the two issues we are about to mention.
First off, there are numerous reports that the EA Pip Scalper is unable to open and/or modify trades when the broker is using non-standard asset names with suffixes, eg. EURUSDc or EURUSDp. This issue will be fixed with the new update. For the time being, it is recommended to use brokers that use standard asset names.
The other problem is that the EA Pip Scalper cannot open trades with some specific brokers when metals are being traded , such as gold for instance (AUX). The upcoming update should solve this issue as well.
The New EA Pip Scalper V1.2.0
The bottom line is that the Pip Scalper app, although it is still very young in the grand scheme of things, is constantly being improved and upgraded. The new update that is coming at the end of this month will only serve to make this Forex autotrader even more profitable than it already is. If you have not already tried using the EA Pip Scalper for automated Forex trading, we would definitely recommend giving it a shot.