Knowledge Base & FAQ
Frequently Asked Questions
Everything you need to know about the PipsSyndicate Forex Trading Bot: multi-strategy capabilities, risk parameters, server licensing, news filtering, and money management.
The bot is multi-strategy. You can enable scalping, trend-following/swing, Martingale layering, grid trading, etc., all in one EA. In other words, it can work with any pre-defined strategy you configure. For example, it can scalp with tight stops during day sessions and also run a longer-term breakout strategy. (Scalping strategies typically keep drawdown low – industry norms suggest around 5–10% max loss – while swing trades may accept higher drawdowns. You choose the style, and the bot applies it consistently.)
By default the EA trades fully automatically. It executes orders as soon as your conditions are met, without any click from you. It can also be configured to only generate alerts (for manual confirmation) if you prefer a hybrid approach.
The bot works on all instruments your broker provides. In Forex mode this means all major and minor currency pairs; you can include commodities like XAUUSD (gold) if your broker offers them. Since the EA connects to top-tier FX brokers, it has access to deep liquidity on all standard markets.
Yes. It can hold multiple open positions simultaneously. You can also allow or forbid opening opposite-direction trades. For example, if hedging is enabled, the bot may buy and sell the same pair at once; if disabled, it will only open one direction per symbol. These hedging and concurrency settings are fully customizable.
By default, we recommend using the news filter. The EA can pause trading around major news releases. (For example, some platforms like MT5 have built-in economic calendars and even integrated Reuters news. You could instruct the EA to halt trading during those times.) This helps avoid unpredictable volatility from economic data.
Both. You configure the strategy rules (entry/exit conditions) that the bot follows. You could have it scalp during short timeframes and also handle longer-term swings. (As noted, best practices differ: e.g. a scalping setup might use a max drawdown of ~5–10%, while a swing strategy might tolerate up to 20–30%.) The bot enforces whichever style you choose.
Absolutely. Our licensing system lets you create time-limited licenses (for example 7 days, 30 days, 90 days, 6 months, or lifetime). After the license expires, the bot will automatically disable itself and stop opening new trades. Any existing open positions will remain until they hit their stop-loss or take-profit, but the EA will no longer initiate new orders after expiry.
We enforce licenses server-side. When the EA connects to our portal, it checks the exact expiration date stored online. This means changing your PC’s clock won’t trick the system – the server reports the real date. Once expired, the EA simply won’t trade anymore.
Yes. From the admin portal you can manually extend or renew a customer’s license at any time. You can also set up automatic email reminders (or on-screen alerts) to notify users a few days before their license lapses, so they have time to renew.
Yes. If your broker permits it, the EA can be configured to allow hedging (holding opposite trades at the same time). You can turn hedging on or off in the settings. When hedging is turned off, the bot will not open trades in the opposite direction on the same symbol simultaneously.
It can use a Martingale-style money management if you enable that option. However, Martingale can be very risky if unlimited. We recommend capping it. You set the maximum number of Martingale steps (or a max lot multiplier) to limit exposure. (Remember: mathematically, any Martingale system is doomed if there’s a betting limit. In practice we suggest only a few levels of doubling.)
Yes. The bot can place a grid of pending orders at preset intervals. It will continue to open grid orders as long as price stays within your defined range. If the price moves beyond the top/bottom of your grid, the bot will stop adding new orders to avoid excessive risk.
You can configure almost all limits. Set a maximum number of open positions at one time, and a daily trade limit to cap how many trades occur in a day. Also set a maximum lot size per trade to control risk. For example, you might restrict the EA to never open more than 3 trades at once, or no more than 10 trades per day.
Yes. You can define a daily loss limit or a maximum drawdown percentage. If the account loses that amount in one day (or reaches the drawdown threshold), the bot will automatically pause trading. Similarly, you can set a daily profit target: once reached, the EA will stop new trades for the day. These “circuit breakers” protect capital and enforce discipline.
Yes. You can lock the EA to only run on accounts with at least a certain balance (e.g. only operate if ≥$1,000). You can also define balance tiers (for example, $500–$999, $1,000–$4,999, $5,000–$9,999, etc.). If the live balance falls below or above the range you set, the EA will automatically stop trading. Additionally, you can similarly set an equity-based limit. All these checks are done automatically before trading starts each session, so the bot enforces the balance rules you choose.
You can let the bot size lots automatically based on a fixed percentage of balance or equity (so larger accounts take proportionally larger positions). This means the position size scales with your capital. Of course, you can also set an absolute maximum lot per trade as a safety cap.