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Mechanical Trading System | 3.75/5 Rating
Pips Collector, developed by Andrey Kozak, is a complete mechanical trading system indicator that analyzes the market for 57 characteristics to determine trend direction, volatility, aggressiveness, resistance and support. This indicator provides clear buy/sell signals with email and push notifications, making it suitable for both professional traders and beginners. With a 3.75/5 rating on MQL5 and 363 demo downloads, this tool offers a comprehensive approach to market analysis.
The indicator features non-redrawing signals that react to zero bar, making it reliable for scalping and short-term trading. It works on all currency pairs and timeframes, with customizable settings for periods, bars display, and notification preferences. The system replaces 57 standard indicators in its algorithm, providing comprehensive market analysis in a single tool.
Based on our comprehensive analysis of Pips Collector, here's what our AI system found and what it means for you:
What this means: The indicator shows moderate accuracy in signal generation. At 75%, it's below the 80% threshold we consider good, indicating some reliability concerns. While the 57-characteristic analysis is comprehensive, the mixed user reviews suggest inconsistent performance across different market conditions.
What this means: With a profitability score of 6/10, this indicator shows moderate profit potential. User reviews mention both wins and losses, with some users earning profits while others experienced losses. The mechanical system approach works well in trending markets but may struggle in ranging conditions.
What this means: Good speed rating indicates the indicator reacts quickly to zero bar and provides timely signals. This is important for scalping and short-term trading strategies. The non-redrawing feature ensures signals remain stable once generated.
What this means: Moderate reliability score reflects mixed user feedback. The 3.75/5 MQL5 rating with 5 reviews and 363 demo downloads suggests some users found it effective while others had concerns. The indicator works on all pairs and timeframes but may need additional filtering for optimal results.
Our AI analysis recommends Pips Collector for signal-based trading with additional filtering. With moderate accuracy (75%), moderate profitability (6/10), and good speed (8/10), this indicator can be useful for signal generation but requires additional trend filtering and confirmation. The 57-characteristic analysis is comprehensive, though users should supplement it with other technical analysis tools.
Best suited for: Traders looking for mechanical signal generation with comprehensive market analysis. The indicator's multi-timeframe and multi-pair compatibility make it useful for various trading strategies, especially when combined with additional filtering.
Consider this indicator if: You want a mechanical trading system that analyzes multiple market characteristics, need email/push notifications for signals, and are willing to add your own trend filtering and confirmation methods for better results.
Comprehensive mechanical trading system that analyzes the market for 57 different characteristics to determine trend direction, volatility, aggressiveness, resistance and support levels. This multi-factor analysis provides a complete market picture.
Reliable signal generation that doesn't redraw once displayed. The indicator reacts to zero bar and provides clear buy/sell arrows, making it suitable for both professional traders and beginners.
Built-in notification system that sends signals via email and push notifications. This allows traders to receive alerts even when not actively monitoring the charts, ensuring no trading opportunities are missed.
Works on all currency pairs and all timeframes, providing flexibility for different trading strategies. The indicator can be used for scalping, day trading, or swing trading depending on your preferred timeframe.
Adjustable parameters including periods (1-400), number of bars displayed, information display, line thickness, and signal notifications. This allows traders to customize the indicator to their specific needs.
Easy-to-follow trading strategy: blue arrow for buy orders, red arrow for sell orders. Set trailing stop levels independently and start with 2-5% of deposit volume for risk management.
Pips Collector analyzes 57 different market characteristics to provide a complete picture of market conditions. This multi-factor approach helps identify trend direction, volatility, aggressiveness, resistance and support levels more accurately than single-indicator systems.
Our analysis confirms the good speed rating of 8/10, with this indicator providing timely signals that don't redraw. The non-redrawing feature ensures signals remain stable once generated, making it suitable for both scalping and longer-term trading strategies.
Pips Collector works on all currency pairs and all timeframes, providing maximum flexibility for different trading strategies. Whether you prefer scalping on M1 or swing trading on H4, this indicator adapts to your trading style and market preferences.
Pips Collector Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Pips Collector is available for purchase on the official MQL5 marketplace for $118 USD. The purchase includes 20 activations, comprehensive setup instructions, and access to the mechanical trading system indicator.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
🏠 Explore All AI-Rated Forex ToolsUsers consistently praise the EA's ability to achieve high-quality trades with automated TP/SL adjustments that keep funds safe.
Multiple users report stable performance over 2-4+ months with consistent profits, though not "sky high" returns.
Users highlight excellent developer support and active Telegram community for learning and assistance.
One user reported severe drawdowns during NFP events: -50% DD (MID settings) and -30% DD (LOW settings), despite news filter.
Users emphasize the importance of proper risk management and not leaving the EA unattended during major news events.
Users note that while stable, returns are not exceptional - better suited for portfolio diversification than standalone high-profit trading.
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Pips Collector is priced at $118 USD on the official MQL5 marketplace. The purchase includes 20 activations, comprehensive setup instructions, and access to the mechanical trading system indicator. There's also a free demo version available for testing.
Pips Collector analyzes 57 different market characteristics to determine trend direction, volatility, aggressiveness, resistance and support. With non-redrawing signals and email/push notifications, it's suitable for all currency pairs and timeframes, making it more versatile than single-indicator systems.
After purchasing Pips Collector from MQL5, copy the .ex4 file to your MetaTrader 4 Indicators folder. Attach it to any currency pair chart on any timeframe. Adjust periods (1-400), bars display, and enable email/push notifications for signal alerts.
VPS is optional for Pips Collector. The indicator can work on any reliable broker and doesn't require continuous operation like Expert Advisors. However, if you want to receive signals 24/7, a VPS would be beneficial for continuous monitoring.
Pips Collector analyzes various market characteristics including trend direction, volatility, aggressiveness, resistance and support levels. The comprehensive analysis helps identify market conditions more accurately than single-indicator systems, providing a complete picture for trading decisions.
Pips Collector generates signals that don't redraw once displayed, ensuring reliability for trading decisions. The indicator reacts to zero bar and provides clear buy/sell arrows. Once a signal appears, it remains static, making it suitable for both scalping and longer-term trading strategies.
Andrey Kozak provides limited customer support for Pips Collector. Some users report no response to messages, while others mention basic support. The indicator is relatively simple to use, but users should be prepared for minimal developer assistance compared to more expensive tools.