Frequently Asked Questions
Popular Questions

What is the minimum account balance required?

There is no minimum balance required to use the software. It can run on any account size. You should use an account balance that you feel comfortable with and never risk more than you can afford to lose as trading always has an element of risk involved.

What leverage should I use?

The software will run with any leverage. You should use a leverage that you feel comfortable with and understand the risks involved with online trading.

What trading platform do I need?

The software runs only on the MetaTrader 4 (MT4) platform for desktop, not in the MT4 mobile app or web trader platform. You should have the MT4 desktop platform already installed.

What broker should I use?

You can use any MetaTrader 4 forex broker. The lower the brokers spreads/commissions and faster the execution speeds, the better. You should already have an account with an MT4 broker.

I have no experience; can I use the software?

Step by step setup instructions are included but you should have some knowledge of MetaTrader 4 and using expert advisors (EAs).

What currency pairs does the software run on?

EURUSD.

What chart time frame does the software run on?

5-minute charts.

Does the software use any martingale, grids or hedging?

No, the software does not use any martingale money management strategies, grid trading or hedging positions.

Can I try on a demo account?

Yes, if you wish. Many would say it is a wise idea to practice trading on a demo account first to familiarise yourself with the software and how it works.

What is a license?

1 license allows you to run the software on 1 real live MetaTrader 4 account.

How many licenses do I get?

The software comes with 1 real live MetaTrader 4 account license but you can purchase more using the link provided in the instructions. All packages include unlimited demo account licenses.

Can I change my license?

Yes, you can change your license to a different MetaTrader 4 account at any time.

Can I use my license on another computer/VPS?

Yes, you can use the same license for an account on multiple devices.

How do I get the software?

You will receive the software and instructions as an instant download link.

How do I activate my license?

You will receive an activation link with the software and instructions.

Are setup instructions included?

Yes, step by step setup instructions are included.

Do I get settings for the software?

The software comes with default settings based on many years of testing. You can set your own lot/risk size. Some users like to experiment with settings, currency pairs and time frames, which is fine but we would do so on a demo account to begin with.

Do you offer support?

Yes, via email only. Please allow up to 24-hours for a response, excluding weekends and public holidays.

Do you offer trial versions?

No, the robot has taken thousands upon thousands of hours to develop and test over many years. Due to the downloadable nature of the software and unpredictability of the markets, there are no trials.

How much can I make every day/week/month? What is the drawdown?

There are no guarantees on what the results will be. Trading is risky by nature and there can be significant drawdown and losses as with any trading system. Results depend on many factors such as market conditions, economic news releases, black swan events, settings used, lot/risk size, broker conditions, spreads, commissions, slippage and more.

General Forex Questions

What is Forex?

The Foreign Exchange market, also referred to as the "FOREX" is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is.

What Tools Do I Need to Start Trading Forex?

A computer with an internet connection or virtual private server for remote trading. You also need a trading platform such as MetaTrader 4.

What trading software do I need to run 5 pips a day and where do I get it from?

5 pips a day is designed to work with the forex trading platform Metatrader 4, which is offered by many of the leading forex brokers. Metatrader 4 can be downloaded for free from most broker's websites, usually via a "download trading platform" link.

What is a forex robot?

A forex robot (also called expert advisor) is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform. (there are also robots for other trading platforms).

Can advisors work when I am away or go out?

Yes, they can work 24 hours/day for you if you wish.

What is Virtual Private Server (VPS)?

VPS is a special service that can host your trading on a remote server so you no longer need to keep your PC on 24/5 for trading.

Demo or Real account?

You should always try your expert advisors on Demo account first. We don't recommend trading on a real account without testing on a demo account first!

Getting Started With 5 Pips a Day

Do I have to trade myself? Is it difficult to setup?

You will get step-by-step instructions how to setup and run 5 pips a day and it is fully automated.

How much money do I need to start trading?

Depending on your broker terms, you can start trading with around $50 on some brokers. It is recommended that you start with capital that you can afford to lose as trading is risky or practice on a demo account untill you are satisfied with the performance.

Is it hard to learn and implement your trading system?

We provide detailed instructions and 24/7 support.

Can I adjust parameters of the 5 pips a day advisor?

You can change stop loss, take profit and other parameters & filters depending specifically on your needs. All of them are described in the instructions. You are responsible for the settings that you choose.

What timeframe and currency should I choose?

5 pips a day was developed for the EURUSD currency pair 5 minute chart.

Specific 5 Pips a Day Questions

What is 5 pips a day?

5 pips a day is a fully independent software robot which trades the foreign exchange currency market on autopilot 24 hours a day. Robots such as 5 pips a day are called "Expert Advisors" or EA's, and are attached to the currency charts in the trading platform software which is provided by forex brokers.

What is the percent of winning trades?

There is no guarantee on the % of winning trades due to the very nature of trading online. Results are based on historical data. There is no guarantee of future performance. You should understand the risks involved with trading. Different brokers can produce different results due to factors such as spreads, slippage, liquidity, commissions and market conditions. Your capital is at risk. Beginner traders should research and learn about trading before using any forex software.

I do not like the "no stop loss idea" in other advisors. How about that in 5 pips a day?

5 pips a day uses a fixed stop loss.


Risk Disclaimer


U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. The past performance of any trading system or methodology is not necessarily indicative of future results.

All information on the 5 pips a day website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold 5 pips a day and any authorized distributors of this information harmless in any and all ways.

5 pips a day is a software provider, we do not offer investment advice or execute trades. The software provided is a tool where the settings are input by the end user to design their own trading strategy. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice. By purchasing this software, you acknowledge that we are not providing any financial advice whatsoever. We will not take any responsibility for any loses.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money. Do not invest with money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital. Trade the Forex Market at your own risk. 5 pips a day will not take any responsibility for any loses. This software is neither a solicitation nor an offer to Buy/Sell stocks, forex, futures, options or any other trading instrument.

Results are based on historical data. There is no guarantee of future performance. You should understand the risks involved with trading. Different brokers can produce different results due to factors such as spreads, slippage, liquidity, commissions and market conditions. Your capital is at risk. Beginner traders should research and learn about trading before using any forex software.

Your purchase of 5 pips a day serves as your acknowledgement and representation that you have read and understand these TERMS OF USE and that you agree to be bound by such TERMS OF USE ("Agreement"). You accept that the agreement can be changed at any time and that you must comply with any changes made to the agreement.

All rights reserved. The use of this website constitutes acceptance of our user agreement and any changes made to the agreement.

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