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Content: Expert: Boring Pips MT4_4.1_fix.ex4 (Unlocked-Unlimited), NO MANUAL.


🔍 Red Hawk vs Boring Pips – Expert Advisor Comparison
| Feature | Red Hawk | Boring Pips |
|---|---|---|
| Trading Style | Mean Reversion during low volatility hours | Momentum + Supply/Demand + Fibonacci + AI-based multi-timeframe signal confirmation |
| Trading Time | Quiet hours (around rollover time) | 24/5 (depending on signal confirmation across selected pairs) |
| Currency Pairs | EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, USDCAD | AUDNZD, NZDCAD, AUDCAD |
| Timeframe | M5 | M5 |
| Backtest Validity | Optimized settings stored in EA; performance track record available | Rigorous Anti-Overfitting Process: Initial Optimization, Walk-Forward Test, Stress Testing |
| Automation Level | Fully automatic (no set files needed) | Fully automatic with customizable risk and personalization settings |
| Stop Loss / Take Profit | Fixed SL/TP, plus trailing stop features | Fixed SL with optional trailing TP |
| Grid/Martingale | ❌ No grid or martingale strategies | ✅ Optional grid/martingale (user-controlled) |
| Risk Management | Fixed lots or auto-lot by balance/risk % | Multiple risk modes (Boring, Low, Medium, High) + custom base balance + manual trade control |
| Installation Simplicity | Very easy – Just load on M5 chart per pair and set GMT/risk | One chart setup for all supported pairs; more advanced settings may require referencing documentation |
| Broker Requirements | Low-spread ECN broker (ICMarkets, Alpari) recommended | Not specifically mentioned, but fast execution preferred |
| VPS Recommendation | 4xhosting.com | Not specified |
| Advanced Filtering | Filters for spread, market conditions; avoid volatile news periods | AI-based momentum synchronization and statistical probability filtering |
| Unique Edge | Simplicity and low-drawdown night scalping strategy | Anti-overfitting architecture with AI-enhanced decision making at multiple timeframes |
| Trading Platform | MT4 / MT5 | MT4 / MT5 |
| Multi-Currency Support | EA runs on separate charts per pair | ✅ One-chart multi-currency setup |
✅ Summary Recommendations
🟢 Choose Red Hawk if:
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You prefer simplicity, plug-and-play setup.
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You value low drawdown and night scalping.
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You’re trading on ECN accounts with tight spreads.
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You want a strategy that avoids grid/martingale by design.
🔵 Choose Boring Pips if:
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You appreciate AI-driven, statistically validated trading systems.
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You want to avoid overfitting pitfalls and seek robustness across time.
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You’re comfortable with slightly more setup and personalization.
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You prefer to control risk with multiple risk modes and fine-tuned inputs.

