Frequently asked questions.
Clear answers about the PipsLab EA Bot, demo access and MT5 automation.
It is an MT5 Expert Advisor that receives secure trading instructions from the PipsLab system and automatically executes and manages eligible trades inside your MT5 terminal.
No. Trading instructions are supplied by the PipsLab system. The EA Bot handles the MT5-side execution, position management and account communication.
The intended architecture does not require you to enter your MT5 account password into the public PipsLab website. The EA Bot runs inside your own MT5 terminal.
No. The planned demo build is intended to operate only on MT5 demo accounts.
Not necessarily. Broker pricing, spreads, slippage, latency, liquidity, contract specifications and connectivity can create differences in execution and results.
No. Trading involves substantial risk. No EA Bot, algorithm or trading system can guarantee profit or eliminate losses.
The website issues a secure time-limited download link. During this website phase the downloaded file is a placeholder; it will later be replaced with the demo-only PipsLab EA Bot.
The architecture supports broker symbol mapping, but broker and instrument compatibility still need to be tested before production use.
Through the separate secure PipsLab administration login.