I want to gain 10 pips per day

I want to capture at least 10 pips in a day... Haven't many people thought about that?

The daily range is usually about 50 pips at least.

Among that, 10 pips seems easy, but when you try it, it’s quite difficult.

After steadily building up, you get hit by a big move and your morale breaks.

This big move cannot be completely avoided, but I have thought about avoiding it as much as possible and have formalized the logic.

It’s an EA designed to win overall by steadily accumulating small wins and occasionally getting a big move that you ride out.

Although the title makes it seem like a daily entry once per day, there are days without entries or days with multiple entries.

The annual total number of entries is about one per day on average.

☆ Actual chart screen

↑ This is the EUR/USD daily chart.

↑ An hourly chart of the red circled area on the daily chart showing a large decline (from March 17, 2020).

To avoid buying at the top or selling at the bottom, we avoid the initial moves of large movements as much as possible and aim for a small reversal after it has stretched, or we look for counter-trend entries aiming for range trading, and occasionally we also enter in the direction of the trend.

When there is a large move, there are times when we enter continuously, as shown around the middle of the chart above.

It is a big opportunity to capture profits, but there is also a possibility that multiple positions get caught, so please be careful with the trading lot size.

Take profit is set at 10 pips, maximum stop loss is 150 pips, but if we get caught, loss-cutting is also performed by internal logic.

☆ Technicals used

It uses a combination of moving averages, MACD, and ATR.

It targets moves that have stretched or range movements.

☆ About the stop loss logic

The stop loss targets a rebound after a drawdown exceeding a certain threshold.

As a result, losses often occur within -50 pips, but if a large drawdown occurs before the rebound and there is little to no reversal in the market, the maximum stop loss of 150 pips may be reached.

Please be mindful of the trading lot size.

※ From version 6.0 onwards, the stop loss has been reduced from 250 pips to 150 pips.

☆ About version 6.0 and later

Compared with version 5.0 and earlier, the stop loss is reduced from 250 pips to 150 pips, and the maximum number of positions on one side decreased from 4 to 3.

In addition, the filter was strengthened so that withdrawal occurs earlier if a 10-pip gain could not be achieved.

As a result, the number of entries decreases, and in long-term backtests the total profit is reduced, but the large losses when hit by a big move are mitigated.

Please feel free to use 5.0 or 6.0 and later according to your preference.

【Important】 Update content of Version 7.0

As you can see from the “Official Operation (Profit)” graph at the top of the same page, Version 6.01 had periods of stagnation in profits from late 2023 to late 2025 (though it did not incur large losses and recovered thereafter).

The following is a comparison of backtests from 2023 onward.

When backtesting over the same period, with the same lot size, using EURUSD on H1, the following differences can be observed.

In short, V7 has about 1.5x more trades and profits than V6.

The structure that causes big moves is unchanged, but with more trades and profits, the rebound from big moves becomes quicker.

It has become stronger against recent markets, but in a long-term backtest of more than 10 years, the PF is slightly worse than V6.01.

That is V7.

However, all of the above are results from backtests. Please note that with V6.01’s forward performance (over more than 4 years), V7 does not yet have real-world operation results.

As a developer, I consider V7 a major upgrade and a superior version to V6.01, but please understand that V6.01’s forward performance of about PF 1.6 over more than 4 years is excellent.

Whether the improvements verified in backtests will translate to real-world operation cannot be guaranteed.

-------------- Version 7 update content ends here-------------

Currency pair: EURUSD

Timeframe: 1H

Description of parameters

Tolerance slippage: If the price moves beyond tolerance slippage, trades will not be executed.

Tolerance spread: If the spread is wider than the tolerance spread, trades will not be executed.

Magic number: Please set to avoid overlapping with other EAs.

Lot: You can change the lot size. (Compounding is not currently available).

Maximum take profit: You can change the width of the take profit.

Maximum stop loss: You can change the width of the stop loss.

Maximum number of positions on one side (from version 4.0 onward): You can set the maximum number of positions on one side. If set to 3, the total maximum positions on both sides is 6.

Friday new trade restriction (from version 3.2 onward): On MT4 hours on Friday, no new trades will be made after the time you set here. The default is 22, so no new trades after Friday 22:00 (this logic was built into versions 3.1 and earlier). If you set this to 0, no new trades will be made for the entire Friday.