Prop firm accounts · MetaTrader 5

The prop firm trading bot that is easy to set up

PIPVEX is built for prop firm challenges and funded accounts. Set it up once, and it trades your account automatically while staying well inside the rules your firm judges you on.

What is a prop firm trading bot?

A prop firm trading bot is software that trades a prop firm challenge or funded account for you, automatically. On MetaTrader these bots are called Expert Advisors, or EAs. The best ones are built around the firm's rules: they keep the account inside its daily and overall loss limits, use a stop loss on every trade and stay out of the market during big news.

PIPVEX is an Expert Advisor for MetaTrader 5 built exactly that way. Add it to MetaTrader 5, enter your username, choose your settings or a ready-made setfile, and it takes care of the trading from there, with drawdown protection built in from the first trade.

Built around prop firm rules

Common prop firm rules and how PIPVEX handles each
Prop firm rule	How PIPVEX handles it
Daily loss limit	Closes its trades and pauses for the day at a 3% loss, well before a typical 5% limit
Overall loss limit	Stays out of the market at 7% and stops at 9%, inside a typical 10% limit
Stop loss on trades	Every trade comes with a stop loss by default
No martingale or grid	Never adds to a losing trade or stacks trades in the same direction
News releases	Stays out of new trades around high-impact news
Profit target	Funded mode stops trading once your target is reached, locking in the result (Pro, Expert)
Minimum trading days	Funded mode keeps going until your minimum number of trading days has passed (Pro, Expert)
Weekend positions	An optional daily close leaves the account flat at the hour you choose (Pro, Expert)

Set up for your challenge in a few steps

Check that your firm allows Expert Advisors on your account.
Download PIPVEX from your account page and add it to MetaTrader 5.
Enter your PIPVEX username and your account size.
On Pro or Expert, switch on funded mode and enter your firm's limits and profit target.
Attach PIPVEX to a chart. Running MetaTrader 5 on a VPS keeps it trading around the clock.

The PIPVEX team and the private community are there to help you get started.

Simple to start, room to grow

Start with the default settings or one of the official setfiles. As you get more comfortable, Pro unlocks more settings and Expert unlocks every one, so you can make PIPVEX your own: your risk per trade, your trading sessions and your firm's exact limits. The optional RID™ Index adds a smart market filter on top.

Questions

Can I use PIPVEX on a prop firm account?

Yes. PIPVEX runs on any prop firm account that offers MetaTrader 5 and allows Expert Advisors, for challenges and funded accounts alike. Its drawdown protection is built around the common 5% daily and 10% overall limits.

Does PIPVEX use martingale or grid trading?

No grid and no martingale averaging. PIPVEX never adds to a losing position and never opens a second trade in the same direction on a symbol. With the default settings every trade is sized from your chosen risk per trade and has its stop loss from the moment it opens.

What happens if the account has a bad day?

If the account is down 3% on the day, PIPVEX closes its trades and takes the rest of the day off, well before a typical 5% daily limit, then starts fresh the next day.

Does PIPVEX trade during news releases?

No. PIPVEX sees high-impact news coming in MetaTrader 5's economic calendar and stays out of new trades from 5 minutes before to 5 minutes after each release.