EA Pip Scalper NEW VERSION!

People, the amazing EA Pip Scalper Forex autotrader has just been updated once again. Yes, there have been 2 updates now in as many weeks, and we are very happy about this. This new version of the EA Pip Scalper, version 1.2.0, is much better than the older versions. Let’s talk about what has changed.

EA Pip Scalper Version 1.2.0

As noted above, the EA Pip Scalper has now undergone 2 huge updates. One of these updates was a couple of weeks ago, and the last update was just performed a couple of days ago. So, what does this new update entail? What exactly has been upgraded?

Lite Version Added

One of the biggest benefits that you get with the new EA Scalper update is that a lite version of the app is now available for use. This new lite version features a reduced amount of settings and input parameters that users can change.

This makes the new version ideal for newbies who don’t know much about Forex or trading in general. It makes it much easier for newbies to trade, as many of the confusing parameter choices have been removed. That said, the full version is still available for use. Which one you use is up to you.

What does need to be made clear is that the overall functionality of the app is the same, or in other words, even though the lite version has less parameters to switch, it still performs very well and it definitely puts money into pockets. This lite version is less time consuming and less confusing to use.

Safer Default Settings

One small issue that the older version of the EA Scalper had was that the Strat*_Sig2 open strategies could have been more reliable. This has actually been disabled now. What this means is that the current default settings are now much safer for everyone to use. The level of risk has been decreased, and the default settings now allow for even bigger profits than before.

Improved Journal Logs

Yet another big part of this new EA Pip Scalper update has to do with the journal logs. Of course, an autotrader’s journal logs are very important. It’s how you can tell exactly what happened and when it happened. You need to be able to read these, you need to be able to analyze them, and of course, you need to be able to accurately interpret them.

Well, this was not easily done before, as the journal log notes were just not very clear or descriptive. This issue has now been solved, and these journal logs are much clearer, more descriptive, and much easier to comprehend.

Fixed Automatic Magic Number Function

The previous EA Pip Scalper update that was done added a new automatic number system to the mix. However, for some reason, when this app 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. However, this Magic Number feature for MetaTrader 5 has now been solved, and it all works perfectly fine.

Some Small Issues with V1.2.0

Something that you do need to know here is that this new version of the EA Scalper, version 1.2.0, does have a couple of small issues, but these are currently being fixed. There is a new update that is set to be released on November 30, which should solve the 2 issues that we are about to mention.

First, there are a few reports of the EA Pip Scalper being unable to open and/or modify trades when the broker is using non-standard asset names with suffixes, eg. EURUSDc or EURUSDp.

The other issue is that the Pip Scalper cannot open trades with certain brokers when metals are involved, such as gold for instance. Once again, these issues are currently being worked on and will be fixed within the next week.

EA Pip Scalper – The Previous Update

What we do also want to touch on here is the other EA Scalper update that was done in recent weeks. This update did also come with some very important bonuses and upgrades, so we do want to quickly touch on these.

New Error Alert System

Just like the journal logs of the EA Pip Scalper were updated this past day, the error alert logging system was also improved. This happened a few weeks ago, but the bottom line is that error alerts are not much clearer, as well as the error alert logging system.

License Verification Update

A problem that some people were having with the EA Pip Scalper had to do with the installation and license verification process. People who were using certain brokers were getting error messages when trying to activate their copy of the software with their license key. WebRequest functionality gets randomly blocked for unknown reasons, but this issue has now been solved.

A New Automatic Number Feature

Another update that the EA Pip Scalper underwent a few weeks back is related to the Magic Numbering system it features. The new algorithm, when turned onto auto, will automatically assign unique magic number codes to each open position based on the assets being traded. The neat thing is that you can turn this function off, and manually assign codes to each trade.

Fixed String Version

The string version was updated to 1.1.0. This helped to improve the functionality of the EA Pip Scalper, specifically its accuracy and profitability. This update also improved the performance of the app in both ranging and trending markets.