Forex Pip Bot

Forex Pip BotForex Pip Bot is an Expert Advisor built using the Adaptive Market Engine which allows the system to identify patterns in candlestick charts and make better trading decisions.

The software runs on MetaTrader 4 and is compatible with any broker. The EA has built-in money management, automatic lot scaling, broker protection and update features. It’s easy to install and runs on 100% autopilot. Forex Pip Bot also provides tutorials and training material in its member’s area.

The backtest for 1 year shows a low drawdown of 8.45% which is good, but thinking ahead I always like to evaluate the average profit and loss. In this case the average loss is significantly higher than the average profitable trade, which indicates higher risk. The strategy doesn’t use a stop loss as well.

On the up side the EA works on low volatility pairs such as EURCHF or AUDNZD, which can afford the higher risk strategy.

Some additional details:

(Read more on the website...)

You may also be interested in:

If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps.


Have been useing pipbot on live account has made many trades each day for small gains but a least it is performing not like some of the other rubbish out there.

Leave a comment

Posting rules:

  • Only constructive criticism is allowed - no hate comments
  • Be respectful to other posters
  • Don't post your contact details - they will be edited out or post removed. If you wish to be contacted by others use the "URI" field
  • No self promotion or affiliate links are allowed (with the exception of the URI field if it's not referenced in the post)