Trading Robots for MetaTrader 4

Monkey Pips

4.5 5 2 Product
320.00 USD259.20 USD

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MetaTrader 4
Trevor Schuil


Monkey Pips is a volatility scalper that trades well on currency pairs with tight spreads such as GBPUSD or EURUSD.

For the FREE version please refer to this product:


  • Comment
    A string value sent with every order.
  • Magic
    The magic number for the trade.
  • Slippage
    The slippage sent with every order, measured in points.
  • Spread Filter
    The spread filter for new trades, measured in points.
  • Min Signal
    Limit the spread from being too small to this value, measured in points.
  • Tick Samples
    The number of ticks used to calculate the entry signal.
  • Fixed Lots
    Use this value for a fixed lot size. 0 = disable
  • Margin Percent
    The amount of margin used to calculate the lot size in money management.
  • Total Positions
    The maximum unprotected open positions allowed.
    Note: An "Unprotected Position" is one that does not have a stop loss or the stop loss is set below the entry price for buy positions or the stop loss is set above the entry price for sell positions.
  • Total Orders
    The number of orders created on each signal.
  • Velocity Signal
    The velocity to begin trade operations, measured in spreads.
  • Order Distance
    The distance from the current price to place the pending order, measured in spreads.
  • Stop Loss
    The stop loss value for new positions, measured in spreads. 0 = disable
    Important: If this value is set to 0 then new orders will be sent without a stop loss, this means you will need to run a Secondary Terminal.
  • Initial Stop
    The first modified stop distance.
    Note: This counts for the slippage, gaps or spread widening as the difference between the open price and current price on the first tick of each trade.
  • Trailing Distance
    The trailing distance, measured in spreads.
    Important: This value is mapped from 0 to the set value depending on volatility.
  • Take Profit
    The take profit value for new positions, measured in spreads. 0 = disable
    Note: The strategy is much more profitable if this value is set to 0 however it is safer to have a value set. Technically you would need to run a Secondary Terminal if this value is set to 0.


    If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

    Simply send a request for refund or exchange with your order number by email:

    Refund requests received more than 14 days after purchase will be rejected.

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    RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.