Pips Collector - MT4 Signal Indicator
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. Scroll the performance notes and community themes below before buying Pips Collector—they highlight strengths, limits, and who this expert advisor suits.
Performance Overview
Search all AI-scored tools — or jump to ranked alternatives after market analysis.
🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our comprehensive analysis of Pips Collector, here's what our AI system found and what it means for you:
📊 Accuracy: 75%
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.
💰 Profitability: 6/10
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.
⚡ Speed: 8/10
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.
🛡️ Reliability: 6/10
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.
🎯 Overall Recommendation
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.
Key Features & Benefits
🔍 57 Market Characteristics Analysis
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.
📊 Non-Redrawing Signals
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.
📧 Email & Push Notifications
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.
🌍 Multi-Pair & Multi-Timeframe
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.
⚙️ Customizable Settings
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.
🎯 Simple Trading Strategy
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.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Pips Collector
🔍 Comprehensive Market Analysis
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.
📊 Reliable Signal Generation
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.
🔀 Explore other options
Not set on Pips Collector? See our ranked alternatives below—each with AI scores and a one-click compare view against this tool.
Market Performance & User Feedback
📊 MQL5 Market Data
- Rating: 3.75/5 stars (good)
- Demo Downloads: 363 downloads
- Current Version: 1.0 (Published October 3, 2018)
- Published: October 3, 2018
- Price: $118 USD
- Activations: 20 activations per purchase
📈 User Reviews & Feedback
- Total Reviews: 5 reviews
- Comments: 1 community comment
- Success Stories: Mixed feedback - some users report profits, others losses
- Support Quality: Limited developer support, some users report no response
- Compatibility: Works on all currency pairs and timeframes
Settings & Configuration
Pips Collector Configuration:
- Installation: Copy the .ex4 file to your MetaTrader 4 Indicators folder
- Setup: Attach to any currency pair chart on any timeframe
- Configuration: Adjust periods (1-400), bars display, information display, line thickness
- Notifications: Enable email and push notifications for signal alerts
- Trading Strategy: Blue arrow = Buy, Red arrow = Sell, set trailing stop independently
- Risk Management: Start with 2-5% of deposit volume, adjust based on market conditions
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Purchase & Resources
💰 Purchase Pips Collector
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.
📚 Official Resources
User Reviews & Feedback Analysis
✅ Positive Feedback
Good Signal Quality
Users report that the indicator provides clear and timely signals. One user mentioned: "Very good!!!!" and another noted good movements on 15-minute chart with proper trend filtering.
Profitable Performance
Some users report earning profits with the indicator. One user mentioned earning $115 USD in one day and could have earned $600 USD but closed the order too early, suggesting good profit potential.
Easy to Use
Users appreciate the simple trading strategy with clear buy/sell arrows. The indicator is suitable for both professional traders and beginners, making it accessible to various skill levels.
⚠️ Areas for Improvement
Inconsistent Performance
Some users report that the indicator loses more than it wins. One user mentioned: "Indicator loses way more than winners" and noted that the author never responded to messages for months.
Limited Developer Support
Users report poor developer support with no response to messages. One user stated: "Author never responded to my message. Been months" and mentioned lack of optimization settings guidance.
Needs Additional Filtering
Users suggest adding trend filtering and confirmations for better results. One user noted: "of course you must add some trend filtering and confirmations" to improve the indicator's performance.
Frequently Asked Questions
How much does Pips Collector cost?
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.
What makes Pips Collector different from other signal indicators?
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.
How do I install and configure Pips Collector?
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.
Do I need a VPS for Pips Collector?
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.
What are the 57 market characteristics analyzed by Pips Collector?
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.
How do the non-redrawing signals work?
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.
What kind of support does Andrey Kozak provide?
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.