Expert Advisor Review

Boring Pips EA Review MT4/MT5

Not Recommended MT4 / MT5 AUDCAD, AUDNZD, NZDCAD — grid with rising sizes $399 Verified 3 Nov 2026
Which product this is: Boring Pips by Thi Thu Ha Hoang, sold on the MQL5 Market as Boring Pips MT5 (product 103505) and Boring Pips MT4 (product 103093), each $399. Both live records are MT4 accounts.

The Bottom Line

Not Recommended. The Robotic Trader rates Boring Pips Not Recommended because both of the seller's live real-money records trade a grid that adds to losing positions, some of the added trades at a bigger size. On the main signal ("Boring Pips MEDIUM RISK", MQL5 Signal 1801317), 791 trades were each opened while an earlier trade on the same pair, in the same direction, was still open: 757 of them after the price had moved further against every trade already open, and 196 of those 757 were also bigger than every trade already open. The second signal ("Boring Pips LOW RISK", 2241470) shows the same pattern: 508, 469 and 150. The seller's own instructions say "Grid strategy: Enabled by default" and "Martingale strategy: Enabled by default". Our methodology treats any grid, averaging or martingale pattern in the trade history as an automatic Not Recommended, whether or not the seller discloses it.

What happened in September 2026. On the main signal, the EA sold AUDNZD 18 times between 31 August and 16 September as the price rose against it, at sizes from 0.04 to 0.15 lots. The last 14 of those trades, 1.33 lots in total, were closed together at 00:08 server time on 18 September for a loss of $1,148.82. The account's closed balance fell from $2,242.53 on 3 September to $1,025.89: 54.25%, the same figure MQL5 shows as the account's relative drawdown by balance. At our check the balance was $1,115.81, about half its 3 September high; it would need to roughly double to get back. The seller's backtest expectation for Medium risk, the setting the seller said in February 2024 this account uses, is a maximum drawdown of 30–40%. The record does not show whether the EA (for example, its drawdown limit) or a person closed the 14 trades.

What "martingale" means here. The classic martingale doubles the size after every loss. Boring Pips does not do that: sizes rise and fall within a group, and the seller says the EA "grows volume slowly and resembles an arithmetic progression, not aggressively like an exponential progression". Our definition of martingale is size raised after a loss, or as a position moves against you. On the main signal, 196 trades were opened after the price had moved further against every open trade and were also bigger than every one of them: about one in four of the added trades. That meets the definition.

The strongest case for it is real. Both records are real money and more than three years long, and the seller discloses the grid and martingale in its own documentation. Both made money overall: $1,007.22 on the main signal and $1,318.97 on the second, after costs (our calculation). The second signal has a profit factor of 2.03 and has been profitable every year. But its relative drawdown by equity reached 38.54% ($653.16) by MQL5's measure, against 6.87% by balance: the difference is the open loss the grid was carrying.

What would change this verdict is set out in the disclosures below.

Methodology
ⓘ

Evaluation Methodology

We assessed Boring Pips as a Full Review: both live records are more than 24 months long with more than 300 trades; see how we test.

What we read:

  • Both live signals and their full histories: "Boring Pips MEDIUM RISK" (MQL5 Signal 1801317), linked from the MT4 product page, and "Boring Pips LOW RISK" (MQL5 Signal 2241470), listed with it on the seller's signals page, which the MT5 product page links. We exported both complete trade histories from MQL5: 1,208 and 761 closed trades.
  • Both product pages (MT5 and MT4), their feature tables and update logs.
  • The seller's own documentation: the seller's MQL5 blog posts explaining the input parameters (24 February 2024) and answering frequent questions (23 February 2024).
  • Reviews: MQL5 buyer reviews on both product pages.

How we tested for a grid: we looked for trades opened on the same pair, in the same direction, while a trade opened in an earlier second was still open (trades opened in the same second count as one entry). For each, we checked whether it opened at a price below (for a buy) or above (for a sell) the opening price of every trade already open, meaning all of them were then in loss, and whether it was larger than every trade already open. A group is a chain of same-pair, same-direction trades in which each trade after the first opened while an earlier trade in the chain was still open. Our groups are not the same as the EA's own "groups" (the seller's term for "a series of grid positions closed together"): one of our chains can contain several of the EA's groups. Times are each account's server time. Seller quotes are as read on 3 November 2026.

Prop-firm test. Not run. Our prop-firm test applies when a developer says an EA can pass a prop-firm challenge, or supplies prop-firm settings. The seller makes no claim that it can pass one and publishes no specific prop-firm settings: the FAQ says "Boring Pips was not initially developed to pass the PF challenge" and that it "does not have a mechanism to manage daily DD and max DD". It suggests buyers could "try with Low risk and reduce your 'Base balance' to 25-50%" of the account; that is a range, and testing it would mean choosing a value ourselves, which our rules do not allow. One MQL5 buyer review (20 January 2025) says "you have settings for prop firms"; we found none published, and a buyer's claim is not a settings file.

Note. Figures were read on 3 November 2026. They are a dated snapshot, not a live feed.
  • The latest days: our histories run to closes on 28 October 2026 (main signal) and 29 October 2026 (second signal).
  • Drawdown: MQL5 checks open losses at intervals, so a brief deeper dip between checks may not appear in its figures.
  • Our figures: figures marked "our calculation" come from the exported histories. Profit figures are after commission and swap.
  • What MQL5 tracking shows: that the trades came from these accounts. It does not show which version or settings placed each trade. MQL5 registered the main signal on 30 June 2023 and the second on 5 July 2024; the earlier trades on each come from the account's own history, imported at registration.
  • Testing: we did not test the EA ourselves.

Live Performance Data

The main record: "Boring Pips MEDIUM RISK" (MQL5 Signal 1801317). The second record, "Boring Pips LOW RISK" (MQL5 Signal 2241470), shows the same grid.

Real account — linked from the MT4 product page

Boring Pips MEDIUM RISK

Recorded: 10 Oct 2022 – 28 Oct 2026; our calculation from the exported history unless marked
1,208
Total Trades
67.4%
Win Rate (814 trades closed in profit)
1.36
Profit Factor
+$4.63 / −$7.01
Average Win / Loss
+$1,007.22
Net Profit
54.25%
Relative Drawdown by Balance (MQL5)
AccountReal money, USD, IC Markets (ICMarketsSC-Live33), MetaTrader 4, leverage 1:500. A paid MQL5 signal (99 USD a month); MQL5 labels it a real account.
DatesMQL5 shows "Started 2023.06.30", which is when the signal was registered; the history begins with a $100 deposit and a first trade on 10 October 2022, so about eight and a half months were imported. The seller's FAQ gives "The recommended minimum balance for safe trading with Boring Pips is 500 USD"; this account started with $100.
SettingsThe seller wrote on 23 February 2024 that the account "is currently set to Medium risk while keeping other settings at default" and that "This configuration has been in use since October 2023"; before that it ran High risk "with personalized settings", then Low risk in August and September 2023. From 1 October 2023 the grid pattern continues: 651 added trades, 617 after the price had moved further against every open trade, 148 of those also bigger than every open trade (our calculation).
Cash flowsOpening deposit $100; six further credits between July and November 2023 totalling $8.59; no withdrawals. Balance at our check $1,115.81.
Growth figureMQL5 shows 998.91%. We do not use it as our measure: it chains percentage returns from a $100 start, so it is not profit divided by money paid in.
Drawdown, as MQL5 labels itMaximal $1,216.64 (54.46%); relative by balance 54.25% ($1,216.64); relative by equity 48.89% ($1,063.25). MQL5 measures each from its own high and checks open losses only at intervals, so the equity figure can come out lower than the balance figure. Our calculation of the closed balance agrees with the balance figure: $2,242.53 on 3 September 2026 to $1,025.89 on 18 September 2026.
Per tradeBest +$49.67; worst −$136.04 (one of the 14 AUDNZD trades closed on 18 September 2026). Each win averaged $4.63 and each loss $7.01.
CostsCommission −$221.48; swap −$207.67.
By year (closed profit)2022 (from 10 October) +$169.65; 2023 +$403.03; 2024 +$410.65; 2025 +$399.13; 2026 to 28 October −$375.24.
By pairAUDCAD 413 trades, +$941.57; NZDCAD 362, +$749.25; AUDNZD 431, −$683.10; EURUSD 2, −$0.50 (a 0.01-lot buy and sell opened together on 17 May 2023 and closed together on 31 May 2023, before registration; the EA's recommended pairs do not include EURUSD).
Lot sizes0.01 to 0.25.
ConcentrationWithout its best 10 trades the record still made $651.86; without its best 10 days, $684.16 (our calculation).
MQL5 warningThe signal page shows "A large drawdown may occur on the account again".
View the signal →
Real account — listed on the seller's signals page

Boring Pips LOW RISK

Recorded: 8 Sep 2023 – 29 Oct 2026; our calculation unless marked
761
Total Trades
64.1%
Win Rate (our count: 488 in profit, 2 at zero; MQL5 shows 64.38%, counting the two zero trades as wins)
2.03
Profit Factor
+$5.32 / −$4.71
Average Win / Loss (MQL5 shows $5.30 average profit on its 490 profit trades; the average loss matches)
+$1,318.97
Net Profit
38.54%
Relative Drawdown by Equity (MQL5)
AccountReal money, USD, RoboForex (RoboForex-Pro), MetaTrader 4, leverage 1:1000. A paid MQL5 signal (999 USD a month); MQL5 labels it a real account. It cannot be copied: MQL5 shows "Subscription to signals with a leverage exceeding 1:500 is not permitted". The main signal is the only one a buyer can subscribe to.
DatesMQL5 shows "Started 2024.07.05"; the history begins with a $500.08 deposit and a first trade on 8 September 2023, so about ten months were imported. No further deposits or withdrawals.
Drawdown, as MQL5 labels itMaximal $103.94 (5.43%); relative by balance 6.87% ($63.87); relative by equity 38.54% ($653.16). Figures that count only closed trades look small here; the equity figure counts the open losses the grid carried. MQL5 does not say when the 38.54% occurred; its log shows "High current drawdown in 32% indicates the absence of risk limitation" on this signal on 22 September 2026, while its September AUDNZD group was open.
By year (closed profit)2023 (from 8 September) +$145.17; 2024 +$361.72; 2025 +$306.05; 2026 to 29 October +$506.03.
CostsSwap −$303.02; no commission.
ConcentrationWithout its best 10 trades the record still made $867.56; without its best 10 days, $1,013.22 (our calculation).
View the signal →

How the EA Trades — What the Histories Show

What the seller says:

Strategy (product page)"Momentum, Supply and Demand zones, Fibonaci retracement, Artificial intelligence", on AUDNZD, NZDCAD and AUDCAD, M5, one chart for all three.
Grid and martingale (the seller's input-parameters post, 24 February 2024)"Grid strategy: Enabled by default." "Martingale strategy: Enabled by default. If you disable Martingale, the EA's positions will enter with the same volume as the initial position." Groups are "a series of grid positions closed together"; take profit applies "only for the first position", and later positions are closed by Fibonacci retracement levels.
Grid spacing and sizing (the seller's FAQ, 23 February 2024)"no fixed distance between grid orders, it will range from 30 - 70 pips"; "EA grows volume slowly and resembles an arithmetic progression, not aggressively like an exponential progression".
Feature table (product page; the table is labelled "Version 4.30" on a page that shows version 5.0)"Grid: Optional"; "Martingale: Optional"; "Stoploss: Yes. Fixed"; "Risk Manegement" (spelling as printed): "Stop entry/close all positions at configured drawdown limit". Grid and martingale are optional in that they can be switched off; the table does not say they are on by default.

What the main signal's history shows (all 1,208 trades, our calculation):

Adding to losing positions791 trades were opened while an earlier trade on the same pair, in the same direction, was still open. 757 of them were opened after the price had moved further against every trade already open.
Bigger sizes198 of the 791 were bigger than every trade already open; 196 of those were also among the 757 opened after the price had moved against every open trade. Sizes do not rise at every step: within a group they rise and fall (our calculation).
How deepUp to 16 trades open on one pair and direction; up to 25 open across the three pairs.
After registration693 of the 791 added trades, 659 of the 757 and 162 of the 196 (bigger and after an adverse move) came after MQL5 registered the signal on 30 June 2023, so the pattern is in the forward-tracked record, not only the imported months.
Groups416 groups, 224 of them with added trades. Most closed in profit; 9 groups with added trades closed at a net loss, totalling −$1,250.36, of which the September 2026 AUDNZD group was $1,219.51.
Stops162 trades have no stop loss recorded, opened between October 2022 and 7 June 2023. The first trade with a stop opened on 2 June 2023; after that, only one trade had none (a 0.25-lot trade on 7 June 2023, open for 47 seconds). Every trade opened from 8 June 2023 has a stop, about 300 pips from entry (median 300; range 293–360). Only one trade in the record closed at its stop: the first trade of the September 2026 AUDNZD group.

The September 2026 AUDNZD group (main signal, our calculation):

Opened18 sells from 31 August to 16 September 2026, at prices from 1.21133 to 1.24119 as AUDNZD rose, sizes 0.04 to 0.15 lots.
ClosedThree on 3 September (net +$1.34); the first, opened 31 August, at its stop on 16 September (−$72.03, the record's only stop-loss close; a new 0.15-lot sell opened in the same second); the remaining 14, 1.33 lots in total, all at 00:08 server time on 18 September 2026, for −$1,148.82. The group as a whole lost $1,219.51.
How the 14 closedNo close comment is recorded on them: no "[sl]" or "[tp]". Their stops, about 300 pips away, were not hit. They may have been closed by the EA (it has a setting to close all its trades at a set drawdown, and its own group-closing rules) or by hand (its panel has a button that closes all its trades). The record does not show which.
What MQL5 loggedFrom 9 to 15 September the signal page repeatedly logged warnings such as "High current drawdown in 31% indicates the absence of risk limitation", with the figure between 30% and 32%. At 22:08 on 17 September (MQL5's log time) that warning was removed and "A large drawdown may occur on the account again" was added. We have not matched the time zone of MQL5's log to the server time of the trades.
VersionVersion 5.0 was released on 9 September 2026, while the group was open. Which version the signal ran is not shown.
On the second signalThat account was also selling AUDNZD from 1 September 2026. It held its group (14 trades, 1.05 lots) through a drawdown MQL5 logged at 32% on 22 September, until 16 October, when the group closed with a net profit of $65.28.

What the second signal's history shows (all 761 trades, our calculation): 508 trades added to open same-pair, same-direction trades; 469 after the price had moved further against every open trade; 152 bigger than every open trade (150 of them also after an adverse move); 275, 264 and 102 of the 150 after registration on 5 July 2024. Up to 20 trades open at once on one pair and direction; one AUDNZD group in March and April 2024 had 24 trades in total, never more than 20 open together, and closed with a net profit of $41.67. 253 groups, 140 with added trades; 2 of those closed at a net loss (−$10.50 together). Every trade has a stop loss.

That is a grid with rising sizes on both records: what our methodology calls an averaging and martingale pattern.

Time Below a High, and How Long Groups Stayed Open

We publish the longest, because averages hide them; see our methodology.

Longest group45.7 days on both signals: a NZDCAD sell group on each account, both opened at 17:00 on 3 May 2024 (each account's server time) and closed on 18 June 2024 (14 and 15 trades; both closed in profit).
Longest time below a previous high (main signal)61 days, from 6 February to 8 April 2026; and 61 days at our check since the high of 3 September 2026, not yet recovered. Measured on closed profit with deposits left out (our calculation). A closed-profit measure misses open losses.
Longest time below a previous high (second signal)63 days, from 18 June to 20 August 2024.
Against the 90-day ruleNo closed group stayed open for 90 days, and at our check equity was close to balance on both accounts (no large open loss). We did not measure how long open losses lasted inside each group, so the rule is not fully tested; it does not affect this verdict, which rests on the grid.

What the Sales Page Says, and What the Record Shows

"Grid: Optional" / "Martingale: Optional" (feature table)Both can be switched off, but the seller's own instructions say both are "Enabled by default", and both live records run them.
"Stoploss: Yes. Fixed"True of every trade opened from 8 June 2023, but the stops sit about 300 pips away; in September 2026 only one of the group's stops was hit (−$72.03); the 14 trades closed on 18 September were closed before their stops were reached, for −$1,148.82.
"tested … with a real account since October 10, 2022"The main signal's history does begin then. It ran High risk "with personalized settings", then Low risk, before the Medium risk setting the seller says it has used since October 2023.
Backtest expectation (FAQ)"Based on backtest results from 2010 with Tickstory data", Medium risk is expected to give "5-8%/month & 30-40% MDD". The FAQ does not say whether its figure is by balance or equity; the account's closed balance alone fell 54.25% in September 2026, further than the top of that range. The FAQ adds that past results cannot guarantee similar results, so we read the range as a guide, not a promise, and the account's settings in September 2026 are not shown.
The seller's own advice"NEVER TO USE AN EXPERT ADVISOR WITHOUT LIVE TRADING RESULTS FOR AT LEAST 5 MONTHS OR 300 TRACKED TRADES, REGARDLESS OF WHETHER IT IS FREE OR HAS GOOD BACKTEST RESULTS". Both records meet that; our own bar is 24 months.

Price and Licence Terms

Price$399 on the MQL5 Market, MT5 and MT4 alike. Version 5.0 (9 September 2026). MT5 published 10 August 2023; MT4 8 August 2023. A free demo is available on MQL5.
Recommended setupM5; AUDNZD, NZDCAD and AUDCAD on one chart; risk modes Boring, Low, Medium and High, plus a "Base balance" setting (product page). The seller's input-parameters post advises "Boring, Low risk, or Medium risk for the first 2-3 months", and the FAQ a minimum balance of 500 USD.
ElsewhereWe found copies offered on third-party sites; whether the seller authorises them is not established. We found no seller website and no affiliate programme.
US brokers (FIFO, no hedging)No, as run. On the main signal, 9 trades were opened while an opposite-direction trade on the same pair was open (two of them before registration: the EURUSD pair and the 47-second AUDNZD trade of 7 June 2023; second signal: 8), which US no-hedging rules do not allow. Separately, 560 trades on the main signal (387 on the second) closed while an earlier trade on the same pair, in the same direction, was still open; how a particular US broker would treat those closes we have not established. The seller's FAQ says brokers enforcing FIFO "may not align with Boring Pips' trading style".
Prices recorded3 November 2026.

Key Evaluation Criteria

  • ❌ No grid, averaging, martingale or recovery strategy: failed. On the main signal 757 trades were added after the price had moved further against every open trade, 196 of them also bigger; the second signal shows the same (469 and 150). The seller's instructions say grid and martingale are enabled by default.
  • ⚠️ Stop losses: a stop on every trade opened from 8 June 2023, about 300 pips from entry; 162 earlier trades had none. In September 2026 only one of the group's stops was hit (−$72.03); the 14 trades closed on 18 September were closed before their stops were reached, for −$1,148.82.
  • ⚠️ Drawdown in line with the marketing: the seller's FAQ gives a backtest expectation of 30–40% maximum drawdown for Medium risk, without saying whether by balance or equity; the main account's closed balance alone fell 54.25%. The settings it ran in September 2026 are not shown.
  • ✅ Edge: profit not concentrated: both records stay profitable without their best 10 trades, and without their best 10 days.
  • ⚠️ Edge: profit factor: 1.36 on the main signal, which lost $375.24 in 2026 to 28 October; 2.03 on the second signal.
  • ⚠️ No wipeout or near-wipeout: none by our definition, but the main account's closed balance fell 54.25% between 3 and 18 September 2026, its largest fall; at that low it was still well above the $108.59 paid in.
  • ✅ Real-money record of at least 24 months and 300 trades: about 48 months and 1,208 trades; about 38 months and 761 trades.
  • ⚠️ Third-party tracked record: MQL5 has tracked the main signal since 30 June 2023 and the second since 5 July 2024; the earlier months on each were imported. MQL5 shows the trades came from these accounts, not which version or settings placed them.
  • ⚠️ No loss held open beyond 90 days: no closed group lasted 90 days (longest 45.7 days); open-loss duration inside groups not measured.
  • ⚠️ Claims match the record: grid and martingale are disclosed in the seller's instructions, but the product page's feature table lists them only as "Optional".

Suitability & Risks

What's Genuinely Positive
  • ✅Two real-money records of more than three years, both linked by the seller.
  • ✅Grid and martingale are disclosed in the seller's own documentation, which also explains how to switch them off.
  • ✅Both records are profitable overall, and neither depends on a handful of trades.
  • ✅A stop loss on every trade opened from 8 June 2023.
Key Risks
  • ⚠️Martingale grid: losing positions are added to, about one time in four at a bigger size on the main signal (three in ten on the second). A steady trend against the open trades is the scenario that makes the loss grow; in September 2026 it cost the main account 54.25% of its closed balance.
  • ⚠️The copyable signal is the one that fell: the second signal runs at 1:1000 and MQL5 does not allow it to be copied.
  • ⚠️Wide stops: about 300 pips, so a group can lose heavily before any stop is reached.
  • ⚠️Settings: the main record ran different settings over time; neither signal shows which version or settings placed the September 2026 trades.
  • ⚠️US traders: not usable as run (hedged positions; closes out of opening order may also be an issue).
  • ⚠️Prop firms: the seller says it was not built for prop-firm challenges and has no mechanism for the daily and maximum drawdown limits prop firms set; its own risk setting is a single drawdown level you set yourself, at which it can stop new entries and/or close all its trades.

Important Disclosures

Verification History
3 November 2026 — Published, Not Recommended (Full Review).
  • What we read: MQL5 Signals 1801317 and 2241470 and their full exported trade histories; both product pages, feature tables and update logs; the seller's MQL5 blog posts on input parameters and frequent questions; MQL5 buyer reviews.
  • Prop-firm test: not run; the seller makes no claim it can pass a challenge and publishes no specific prop-firm settings (its suggestion is a range of values).
  • Our policy: we do not edit published figures to track current values. We add dated entries here instead.
What would change this verdict.
  • The strategy: the verdict rests on the grid. A real-money record of at least 24 months and 300 trades, from a clearly documented configuration with Grid and Martingale switched off, that shows no grid, averaging, martingale or recovery pattern, would be assessed on its own merits.
Independent reviews
  • MQL5 buyer reviews (read 3 November 2026): 59 reviews and a 4.7 rating on the MT5 page; 19 reviews and a 4.6 rating on the MT4 page. One one-star review, dated 23 September 2026, five days after the September loss, reads: "Everyone knows why 1 star."
  • How we use reviews: individual reviews are users' accounts, not facts we have verified, and they play no part in the verdict.
Affiliate disclosure. We have no commercial relationship with the seller or with MQL5, and no link on this page is an affiliate link. We found no affiliate programme for this EA. We did not buy a licence, and nothing was supplied by the seller. We did not contact the seller before publication; this assessment rests on material the seller and MQL5 publish.
Corrections. If you are the vendor and believe a figure here is wrong, contact us at [email protected] with the evidence; we will check it and record any change in the verification history above.
Risk warning. Trading foreign exchange and contracts for difference carries a high level of risk and can result in the loss of all invested capital. Automated trading does not remove that risk; it removes the delay between a decision and its execution. Past performance, including verified past performance, is not a reliable indicator of future results. Nothing in this review is financial advice, a personal recommendation, or an invitation to trade. We are an independent publisher, not a regulated financial adviser.

Frequently Asked Questions

Is Boring Pips EA a scam?
We have seen no evidence of fraud, and we do not call it one. The seller links real-money signals that MQL5 tracks, and the seller's own instructions say the grid and martingale are on by default. Our verdict is about the strategy's risk, not about honesty.
Why is Boring Pips EA rated Not Recommended?
Because both of the seller's live records show a grid that adds to losing positions, some of the added trades at a bigger size. On the main signal, 757 trades were added after the price had moved further against every trade already open, and 196 of them were also bigger than every trade already open. Our methodology treats any grid, averaging or martingale pattern in the trade history as an automatic Not Recommended.
Does Boring Pips use martingale?
Yes, by default, in the seller's own words: "Martingale strategy: Enabled by default." It is not the classic double-after-every-loss martingale; the seller says volume grows slowly, "an arithmetic progression". It meets our definition, because about one added trade in four was bigger than every open trade as the position moved against it. It can be switched off, and then added trades use the first trade's size.
What happened to the Boring Pips signal in September 2026?
The main signal sold AUDNZD 18 times from 31 August to 16 September as the price rose. The last 14 of those trades, 1.33 lots in total, were closed together on 18 September for a loss of $1,148.82, and the closed balance fell 54.25% from its 3 September high. The record does not show whether the EA or a person closed them.
Are the Boring Pips live signals real?
Yes. MQL5 Signals 1801317 (IC Markets) and 2241470 (RoboForex) are paid signals that MQL5 labels real accounts. MQL5 registered them on 30 June 2023 and 5 July 2024; the earlier trades come from each account's own history. MQL5 shows the trades came from these accounts, not which version or settings placed them.
Is the MT5 version covered?
Yes. Both are rated Not Recommended. Both live records are MT4 accounts; we found no MT5 live record. The seller says the MT4 and MT5 versions trade the same way; we have not tested that.
Is Boring Pips good for prop firm challenges?
The seller's FAQ says it "was not initially developed to pass the PF challenge" and "does not have a mechanism to manage daily DD and max DD". We have not tested it, because the seller makes no claim it can pass a challenge and publishes no specific prop-firm settings; the FAQ's suggestion of Low risk with a 25–50% "Base balance" is a range, and we do not choose values ourselves.
Can I use Boring Pips with a US broker?
Not as run on the signals. They occasionally held buys and sells on the same pair at the same time (9 trades on the main signal, 8 on the second), which US no-hedging rules do not allow. They also closed many trades while an earlier trade on the same pair, in the same direction, was still open; how a US broker would treat those closes we have not established. The seller's FAQ says brokers enforcing FIFO "may not align with Boring Pips' trading style".
Review Our Complete Testing Methodology

Discover More EAs

For other grid EAs we rate Not Recommended, see our Dark Nova EA review and Quantum King EA review; for why grids look safe until they are not, our guide to martingale, grid and scalping EAs explains the trade-off. Most of the EAs we review are not rated Recommended.

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