What Boring Pips Is
Boring Pips by Thi Thu Ha Hoang (MQL5 market, MT5, $399; separate MT4 version) trades the three commodity-currency crosses AUDNZD, NZDCAD and AUDCAD on M5 from a single chart. Entries come from momentum synchronisation across four timeframes at supply/demand zones with Fibonacci retracements; the vendor mentions deep-learning elements without overselling them. What sets the EA apart is how it treats its own backtest: the product page describes an anti-overfitting procedure — optimisation only on 2010–2019, walk-forward on 2019–2022, stress test with simulated noise and latency. That is exactly the discipline most sellers do not even know exists.
On the risk side there is a fixed stop-loss, a trailing TP and drawdown-based closing. Grid and martingale exist but are optional — and the vendor's two signals show what happens when you use them.
Boring Pips is the current front-runner of our EA-Scout funnel (73/100, green). We do not run it ourselves yet; this review rests on the two public real signals, which we read ourselves on 20 September 2026.
The Two Signals — and Why the Variant Decides Everything
The vendor runs two signals he himself calls "LOW RISK" and "MEDIUM RISK". Both are real accounts, both have run for years:
| LOW RISK (2241470) | MEDIUM RISK (1801317) | |
|---|---|---|
| Age | 158 weeks | 206 weeks |
| Growth | +238.9% | +2,036% |
| Trades | 752 (64% winners) | 1,177 |
| Profit factor | 2.02 | 2.44 |
| Max drawdown | 22% (vendor) · equity today 28% below balance | 47.0% by equity (7.3% by balance) |
| Current monthly growth | −1.45% | −1.64% |
206 weeks is almost four years — the longest verifiable live track we have found in our entire candidate pool so far. Profit factors above 2 over more than 750 trades each are not a lucky streak. That is the substance that lifts Boring Pips onto the top shelf.
The second half of the table is the warning. The MEDIUM variant is the same robot with more risk — and it sat 47% underwater by equity, three points below our blow-up threshold of 50%. The gap between 7% drawdown by balance and 47% by equity is the grid function at work: losses are not realised but held until the market comes back. Whoever buys that buys the 2,036% and the 47%.
And the LOW variant? On the reference date it is itself in the middle of a drawdown phase: balance $1,695, equity $1,222 — the open positions sit 28% underwater, more than the maximum drawdown of 22% reported so far. Both signals have shown negative growth for months. That is not a blow-up, but it is the moment a buyer should know they are entering a bad phase.
Why We Still Rate It High
Our 3.7/5 is the highest rating we have given an MQL5 EA without our own park account so far — and it comes from track record (4.3) and transparency (4.0), not from current performance. A vendor who keeps both variants publicly running even while they are red, who discloses his overfitting procedure and who has maintained the same product for four years (version 5.0 in September 2026) is an exception in this niche.
Strategy risk stays at 3.0 because the design has two faces: with a fixed stop-loss and without grid, a clean mean-reversion approach; with grid, a recovery system on three correlated crosses — the same concentration trap we describe for Waka Waka: AUDNZD, NZDCAD and AUDCAD run into the counter-trend together on a commodity shock.
Cost & Usability
$399 one-off, no rental, no price-increase countdown — fair for a multi-currency system with four years of evidence. One chart, three pairs, load the set file. Our recommendation: the LOW setting, grid and martingale off, and at least $2,000 of capital, so that the 28% the LOW signal is currently showing is not an existential question. ECN broker with tight cross spreads (EA broker comparison) — on M5, spreads eat the edge otherwise.
Who It Is (Not) For
Suitable for traders who want a four-year documented mean-reversion EA on the AUD/NZD/CAD crosses, can live with the LOW variant, can read the current drawdown as an entry discount rather than a warning, and budget the EA as a building block in an EA portfolio — not next to other AUD/NZD/CAD grids.
Not suitable for anyone who wants to buy the MEDIUM variant's 2,036% (they cost 47% drawdown), for prop-firm accounts and for accounts under $1,000.
Verdict
Boring Pips is the best-documented MQL5 EA we have examined so far, and it is currently in its worst phase. The two belong together: four years of public real track also means reading the drawdown months live instead of hiding them in a smoothed backtest. Our 3.7/5 is a narrow yellow, not a green — because the LOW variant breached its own cap on the reference date. Anyone entering should do so with the LOW setting, without grid, with a buffer — and read off the signal over the next three months whether the edge returns. We are adding it as a candidate for our own park and will report back with our own figures.