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Pip Sender

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📈 Connect MetaTrader 5 Account

Step 1: Download Pip Receiver

  • Open the Dashboard, click Downloads.
  • Click Download MT5 to get the latest version of Pip Receiver MT5.
Download Pip Receiver MT5

Note: Depend on your account type, you will see Essential Pip Receiver or Pip Receiver Pro.

Step 2: Copy Pip Receiver to Expert folder

  • After completing Step 1, you'll receive a .zip file. Extract it to access the following file:
    • Pip Receiver MT5.ex5
    • PipReceiverMT5.dll
  • Copy both 2 files above into Expert folder of your MetaTrader terminal
Copy Pip Receiver MT5 to Expert folder

Your Experts folder is usually under this path:

C:\Users\<YourUsername>\AppData\Roaming\MetaQuotes\Terminal\<RandomHash>\MQL5\Experts

You can also able to open it via your MetaTrade terminal by:

  • Open MetaTrader 5
  • Go to File → Open Data Folder
  • Navigate to: MQL5/Experts

Step 3: Install Pip Receiver in your MT5 terminal

  • Go to your MetaTrader terminal Navigator, right click on Expert Advisors, click Refresh to show new experts

  • Double-click on Pip Receiver MT5 to install

    • On the Inputs tab, set License Key to the License you created.
    • On the Inputs tab, set License Secret to the Secret from the same license.
    • On Dependencies tab, Enable Allow DLL imports.

  • Make sure Allow Algo Trading is turned on in your MetaTrader terminal.

🎉 Success! Your trading account is now connected, active, and ready to receive trading signals. You should see the connected account listed in Connect Hub, under the license you used.

Helpful tips

  • Pip Receiver is powerful with many settings, but only License Key and License Secret are required; other settings can stay at default initially.

  • For advanced setup, see Essential Pip Receiver or Pip Receiver Pro.

  • Essential Pip Receiver works with Essential licenses; Pip Receiver Pro works with Professional and Multi-Connect licenses. Make sure to download the correct version.

  • If your account doesn’t appear in Connect Hub, click Refresh. If it still doesn’t show, check the Experts tab in MetaTrader, your License or Secret may be incorrect. Errors are logged there.

  • If you haven’t created a license yet, see Manage Licenses.

  • Pip Receiver must remain running to process trading signals. Using a VPS for MetaTrader is highly recommended.

  • The EA will automatically reconnect after network disconnections. Temporary “Disconnect” → "Connect" messages are normal. Frequent disconnects may indicate network issues or an unstable VPS.

Pip Receiver MT5

Common errors

If you can't install Pip Receiver on your terminal, you'll see an error log in your terminal Experts. Here are some common error messages you may see in terminal Experts:

  • No license/secret data provided: It means you didn't provide License Key and License Secret in Inputs tab. Please provide these infos.

  • Invalid license and/or secret provided: It means you provided wrong License Key and/or License Secret. Check them again. You can go to your Dashboard and copy these infos to prevent mistakes.

  • Plan connection limit exceeded: You attempted to create more active connections than your plan allows. For example, your plan includes 1 active connection, but you tried to open a second one.

  • Same account is already connected: This account is already connected using the same License Key and License Secret. To avoid duplicate trading signals, the same account must connect using a different license.

  • Provided license does not support Pip Receiver Pro: You attempted to use Pip Receiver Pro, but your current plan is Essential. Pip Receiver Pro requires a Professional plan or higher. Please use Essential Pip Receiver to connect your account.

  • Unable to connect to server: An unknown error occurred while connecting to our server. Please check your internet connection and try again.

Pip Receiver MT5 error logs

Remove an active MT5 connection

Option 1: Remove the Pip Receiver from MetaTrader

Right click on the chart and remove the Pip Receiver from your terminal will terminate the active connection.

Option 2: Use the Dashboard

  1. Open the Dashboard and go to Connect Hub.

  2. Click Manage License for the license associated with the connection.

  3. Click the Remove Connection button next to the connection you want to remove.

  4. Confirm the action to complete the removal.

Removing an MT5 connection from the Dashboard sends a disconnect request, but the connection won't be removed immediately. It will only disappear once the Pip Receiver is removed from your MT5 terminal, which usually takes a few seconds. Use the Refresh button to update the connection list.
Manage Licenses
Connect MT4