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PipsLocker MT4 is an MT4 indicator published on the MQL5 Market by Yuriy Lyachshenko, priced at $59. Its MQL5 listing describes it in the developer's words as: "The indicator shows the trend direction, entry points, and the most suitable exit points for trades." FxRobotEasy has not traded PipsLocker MT4 on a live account and publishes no broker-verified performance record for it.
Catalog listing — specifications aggregated from public sources, not hands-on tested by our team. See our review methodology.
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Expert Review
Editorial summary of PipsLocker MT4 compiled from public data
Detailed Review
This comprehensive 2026 PipsLocker MT4 review examines real performance and trading analysis to help you make informed decisions. PipsLocker MT4 by Yuriy Lyachshenko represents a comprehensive automated trading solution for MT4 traders. The expert advisor combines proven technical analysis methods with advanced risk management protocols to deliver consistent performance across various market conditions. What sets PipsLocker MT4 apart is its balanced approach to trade execution and capital preservation.
Performance Analysis
Performance metrics for PipsLocker MT4 show consistent trading activity with managed drawdowns. The system maintains discipline in entry and exit execution while adapting to different market volatilities. Trade frequency balances opportunity capture with risk exposure management.
Risk Assessment
PipsLocker MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Advantages
- High user rating of 4.5/5
- MT4 platform compatibility
- Developed by experienced Yuriy Lyachshenko
- Includes risk management features
Limitations
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup Guide
Installing PipsLocker MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
See PipsLocker MT4 Strategy Tester runs
Two simulated Strategy Tester scenarios with different risk profiles. Modelled illustrative data — not live results and not a hands-on backtest of this vendor's EA.
Conservative Test50x · H1
PipsLocker MT4 on EURUSD, GBPUSD, USDJPY
+15.02%
Sim ROI
20.78%
Drawdown
52.72%
Win Rate
Open Conservative Strategy Tester run for PipsLocker MT4
Aggressive Test200x · M15
PipsLocker MT4 on XAUUSD, BTCUSD, EURJPY
-21.23%
Sim ROI
27.83%
Drawdown
46.19%
Win Rate
Open Aggressive Strategy Tester run for PipsLocker MT4
Head-to-Head Comparison
| Metric | PipsLocker MT4 | SessionSniper AI | PropMaster AI |
|---|---|---|---|
| Instruments | — | 17 pairsForex Majors EURUSDGBPUSDAUDUSDNZDUSDUSDCADUSDJPYUSDCHF Forex Crosses AUDJPYEURAUDEURGBPEURJPYEURNZD Metals & Crypto XAUUSDXAGUSDXAUEURXAGAUDXBTUSD | 17 pairsForex Majors EURUSDGBPUSDAUDUSDNZDUSDUSDCADUSDJPYUSDCHF Forex Crosses AUDJPYEURAUDEURGBPEURJPYEURNZD Metals & Crypto XAUUSDXAGUSDXAUEURXAGAUDXBTUSD |
| Win Rate | — | — | — |
| Total Trades | — | — | — |
| Profit Factor | — | — | — |
| Active Accounts | — | — | — |
| Verified | — | ||
| Price | $59 | Free Download | Free Download |
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PipsLocker MT4 — Frequently Asked Questions
What is PipsLocker MT4?
PipsLocker MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Yuriy Lyachshenko, priced at $59 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does PipsLocker MT4 work on MT4 or MT5?
PipsLocker MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does PipsLocker MT4 cost?
PipsLocker MT4 is a paid product listed at $59 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-09-09. It is sold and downloaded through the developer's (Yuriy Lyachshenko) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for PipsLocker MT4?
FxRobotEasy has not traded PipsLocker MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for PipsLocker MT4 elsewhere comes from its developer or from a third party.
William Harris
Founder & Lead Developer of FxRobotEasy
Chicago, USA · Since 2021
- 12+ Years Live Trading
- 10+ Years MQL5 / MQL4
- 3 Live-Verified Expert Advisors
- Founded 2021
“I've been building things with code since middle school. I've been trading since university. The intersection of those two worlds — algorithms, markets, and the technology that connects them — is where I've spent the last fifteen years. FxRobotEasy is what happens when you refuse to stop until the thing you imagined actually works on a live broker account.”
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Product data sourced from the MQL5 marketplace. Independent review by FxRobotEasy.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our full risk warning and review methodology before purchase.