Daily 95 Pips EA (IBFX Version)
Set-and-forget pending-order system · Prior-day high/low ±5 pips · 3-tier TP · MT4
About Daily 95 Pips EA (IBFX Version)
The "Daily 95 Pips" system, documented on MQL5's programming forum, stevehopwoodforex.com, and forexfactory.com, is a well-known, long-standing (4-6+ years old at time of documentation) "set and forget" mechanical trading method for MetaTrader 4 that requires no market analysis to make trading decisions.
The methodology places pending orders 5 pips above the previous day's high and 5 pips below the previous day's low, using three tiered buy orders above the high and three tiered sell orders below the low — each with take-profit levels of 15, 30, and 50 pips respectively, and a 30-pip stop loss. Orders are placed Monday through Friday. This IBFX version specifically refers to an EA automation of the strategy built for use on the IBFX (InterBank FX) broker's MT4 platform. Multiple community members have attempted EA automation, though achieving a consistently well-working version has proven difficult per forum discussion.
- Platform: MetaTrader 4 (IBFX broker version)
- Strategy: Pending orders at previous-day high/low ±5 pips
- Take profits: 3 tiers — 15, 30, 50 pips
- Stop loss: 30 pips
- Schedule: Orders placed Monday-Friday
- Type: Mechanical "set and forget" — no discretionary analysis needed
- Source: mql5.com/en/forum/197807 · Daily 95 Pips (Set and Forget)