MintyPips Algo

The MintyPips Algo is a forex trading robot that has gained popularity in the trading community due to its reportedly high level of accuracy in identifying potential trade opportunities. Developed by a trader with extensive experience, the MintyPips Algo is based on a strategy that utilizes support and resistance levels and convergence to identify entry and exit points in the market.

In this comprehensive review, we will delve into the MintyPips Algo’s features, strengths, and weaknesses, to help you make an informed decision on whether to incorporate it into your trading strategy.

MintyPips Algo Strategy

The MintyPips Algo is a trading system developed by a trader named Layth Samarah. While he did not reveal the exact strategy used by the EA, it is believed that it utilizes support and resistance as the foundation of its approach. The EA uses convergence to find the best possible entry points in the market, utilizing a combination of supply and demand zones, trendlines, Fibonacci, and harmonics to identify support and resistance levels.

MintyPips Algo
MintyPips Algo

The default setting for the MintyPips Algo is US30, but it can be used with other forex pairs by adjusting the parameters accordingly. It is designed to work with any pair, making it versatile and adaptable to different market conditions. The MintyPips Algo does not appear to use grid trading, hedging, scalping, news trading, or martingale strategies, based on the available information. These strategies can have different implications for trading, with some carrying higher risks and potential for losses than others.

The MintyPips Algo provides traders with a chart that is marked up, allowing them to make better decisions when entering a trade. This feature is useful for traders who may not have the technical expertise to identify key levels on their own. The MintyPips Algo is suitable for both smaller and bigger accounts, making it accessible to a wider range of traders.


One potential weakness of the MintyPips Algo is that the exact strategy used by the EA is not disclosed. This can be a cause for concern for some traders, as they may not fully understand the logic behind the trades taken by the EA. Additionally, as with any trading system, there is always the risk of losses and no guarantee of profits. Traders should exercise caution and proper risk management when using any EA or trading system.

MintyPips Algo Features

  • Developed by a trader with extensive experience.
  • Uses support and resistance as the foundation of its strategy.
  • Utilizes convergence to find the best possible entries in the market.
  • Uses a combination of supply and demand zones, trendlines, Fibonacci, and harmonics to find support and resistance in the market.
  • Can be used on other pairs in the forex market by changing the parameters.
  • Comes with default settings for the US30 index.
  • Chart is marked up to help traders make better decisions about entering a trade.
  • Suitable for both smaller and bigger accounts.
  • Does not utilize grid trading, hedging, scalping, certain indicators, news trading, or martingale strategies.
  • Has been positively reviewed by users.

MintyPips Algo Settings

  • Broker Time Filter: Filter trading based on broker’s time
  • Trading Session Start: Start of trading session
  • Trading Session End: End of trading session
  • Display Round Levels: Show round levels on chart
  • Number Of Lines: Number of support and resistance lines to display
  • Trading Mode: Choose between buying and selling or both
  • Maximum_Trades: Maximum number of trades allowed
  • Lot Size: Size of each trade
  • Stop Loss Points (0 Mean No Stop Loss): Stop loss in points or disabled
  • Take Profit Points (0 Mean No Take Profit): Take profit in points or disabled
  • Bars From Last Touch (0 Mean Disabled): Minimum number of bars since last touch of support/resistance line
  • Allow Break Even: Enable break even function
  • Apply Breakeven After Certain Number of Points: Number of points before applying break even
  • Add profit in Points to Breakeven (Locked Profit): Additional profit in points to lock in with break even
  • Allow Trades_Trailing: Enable trailing stop function
  • Trades_Trailing Points: Distance in points for trailing stop
  • Stop Trading When Daily Profit Reached: Stop trading when daily profit target reached
  • Daily Profit Target Mode: Choose between % or currency amount for daily profit target
  • Daily Profit % Target: Daily profit target as a percentage
  • Daily Profit Currency Amount Target: Daily profit target as a currency amount
  • Draw Down Mode: Choose between % or fixed amount for drawdown limit
  • Draw Down %: Maximum drawdown percentage allowed
  • Draw Down Fixed Amount (Account Currency): Maximum drawdown as a fixed amount in account currency
  • Stop The EA when Draw Down % Reached (Remove EA from Chart): Stop trading and remove EA from chart when drawdown limit is reached
  • Trades Magic Number: Magic number for trades
  • Account Currency Amount: Set drawdown limit or daily profit target as a fixed amount in account currency
  • Disable Draw Down Protection: Disable drawdown limit protection
MintyPips Algo Settings
MintyPips Algo Settings

MintyPips Algo Summary

The MintyPips Algo is a trading system that uses support and resistance levels along with other technical analysis tools to identify potential trades. Developed by Layth Samarah, the Algo uses a combination of supply and demand zones, trendlines, Fibonacci, and harmonics to find these levels. One of the strengths of the MintyPips Algo is its ability to work on different instruments and timeframes. While the default setting is US30, traders can adjust the parameters to work with other forex pairs. Additionally, the Algo provides markups on the chart, allowing traders to make better decisions about entering trades.

One potential weakness of the MintyPips Algo is the lack of transparency in the strategy. Samarah has not revealed the exact strategy used by the algorithm, which may make it difficult for traders to fully understand its inner workings. When demo testing the MintyPips Algo, it is important to apply good risk management settings. This means using appropriate lot sizes and stop loss levels to limit potential losses. Traders should also monitor the algorithm’s performance regularly to ensure it is working as expected.

The MintyPips Algo is suitable for both smaller and larger accounts, making it accessible to a wide range of traders. However, traders should have some experience in trading and a basic understanding of technical analysis before using the algorithm.

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