Discusión PipJet

This EA uses hidden SL and TP, so if the VPS goes offline, would be dangerous ... right?

Yes, indeed. However it is possible to configure it to send the SL & TP to the server by setting the Stealth parameter to false.

In your opinion Birt, this EA is safe and reliable?
It seems like Hyper-EA, but has a winratio% higher ...

It has taken no trades on my account so far so it's rather hard to tell at this point. It's basically Megadroid on a different currency; read more at https://eareview.net/live-forward-test/pipjet

I'm on a commision account with hotforex. It's usually been good but with this EA it's only beat the commision 2 out of the 6 times. I guess I'll have to look for another broker, any suggestion. Do you know of anyone who's had success with this EA and with what broker. Thanks for the great work Birt.

Seems unusual for 2 trades to be opened so close in price and time.

Hi all,

Just had a big loss of $1,437.38 this morning !!!!!!!!!!!!!! - I am not very happy at all !!!!!!!!!!!!!!!!!😭

Johan.

phil posted:
Seems unusual for 2 trades to be opened so close in price and time.

This scenario actually happens quite often. Check out the backtests at https://eareview.net/live-forward-test/pipjet

johannothnagel posted:
Just had a big loss of $1,437.38 this morning !!!!!!!!!!!!!! - I am not very happy at all !!!!!!!!!!!!!!!!!😭

I've looked around a bit and most Pipjet accounts (including mine) did not experience that loss so perhaps you're using the wrong broker. Other than that, the number of exclamation marks featured in your post makes me think that you are severely overleveraging your account so I will reiterate the advice that many are happy to give but few are actually following: 'don't trade what you can't afford to lose'.

Hi Birt,

I closed that deal too soon - hahahahaha. 4 hours later in went into profit. 1 Big lesson learned - do not close the deal just because you are emotional. wait a bit more. I did place Pipjet on recovery mode. lets see ...........

johannothnagel posted:
Hi all,

Just had a big loss of $1,437.38 this morning !!!!!!!!!!!!!! - I am not very happy at all !!!!!!!!!!!!!!!!!😭

Johan.

why would u trade such a big lot for a unproven EA?

Pleae what is Pipjet's SL?

52 pips most of the time but it seems to vary a bit on occasion. Take a look at the backtests at https://eareview.net/live-forward-test/pipjet for more info.

This EA is very very very broker dependent.

Birt´s boker´s price feed produces many more trades than Pipjet´s official accounts and my own account´s number of trades are a pitance compared to Birt´s.

I suspect that it is not just the spread offered, I have been following the spread on my account and it seldom goes above 3 pips during trading hours, so it is not just the spread.


Perhaps it is just too early to tell, let´s see how the rest of the year develops.

Well it survived past the Return Policy 😳

Hi you guy's,

Well I have removed PipJet and Megadroid from my account, this EA's SL's are just too much risk. Eg: To make 3-4 pips you have to place >60 pips on risk. Trade 3-4 times a week, thus for one loss it takes 10 - 16 trades again to make up the losses (Depending if it does not make another loss in between thou).

Last week I had a margin call from my broker as both Pipjet and Megadroid went close to a SL (120 pips). I closed both those trades in another $ 1,8 k losses.

Sorry guy's, but the risk are just too high - Correct Risk ratio are 1:2-3 for any Trader. Risk on these robots are way out and will blow your account with >3 losses even if your settings are correct. I am just to scared for another loss and removed them.

I have joined TradeAdvisorPro Mirror Trading for $ 197.00 / Month and I am my second month with them now and some success (Better than Robots thou). I rather see Pro Traders trade for me and they know whats going on in the markets and follow news events etc.......... 'hands on' ...........you know what I mean when to and not to and how to's ......... 😎. Trades on > 23 Currency pairs etc................

If you guy's know of any Mirror Trading service that have good results, please pop me a reply / mail. I will rather pay them $ 1-200 / month than spending $ 1k's of money for robots that does not have feelings of your account and economy.

Johan.

Birt,

please let me know your broker's name (it is displayed as 'Other').

Thank you.