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Pip Brains (By pipbrains )

Gain : -67.92%
Drawdown 91.53%
Pips: 6249.6
Trades 1893
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Automated

Pip Brains Discussion

nanquan
Jun 10 2010 at 02:19
4 posts
Wow! Looks really impressive... can it perform the same way on LIVE accounts as well? And how consistent is it? If it can even generate 100% per month consistantly then this EA is a goldmine... but I'm sure we've all been burned by crappy EA's so it's hard to be optimistic. Still, looks very promising.

DoubleTrap (ForexSeeker)
Jun 10 2010 at 04:44
814 posts
Look in forexfbi review, it gain 552% in 28 Days. Hmm.. how come here gain slower, must be the risk setting.

Information is Gold when come to organised.
nanquan
Jun 10 2010 at 04:52
4 posts
Yeah man I know, I saw that as well... but honestly, the real question is how this EA will perform LONG TERM. If you notice on the forexfbi website, it's only been running for just under a month. Also the question is whether the results differ from demo to a live account, and by how much.

You see if you do a simply calculation, an EA that can even bring in +100% each month (as in LESS than this EA has shown to do so far), doing that consistantly over 12 months will turn 1000$ into 4$ Million (doubling the account balance each month)... so an EA like that literally is a GOLDMINE. But the LONG TERM results are what count in these cases, and that's what we need to find out about this EA.

If profitable and RELIABLE EA's were in abundance, everyone would be a millionaire from trading Forex.

Gotta be optimistic, but also REALISTIC.

nanquan
Jun 10 2010 at 04:56
4 posts
I do like however that this EA combines three different strategies depending on the market conditions, unlike most EA's which only rely on one, and are dependent on specific market conditions to be effective. This is definitely a good sensible approach that many EA's lack, so should be interesting to see how it performs long term.

Yek Tieu Cheng (yekie)
Jun 11 2010 at 02:45
13 posts
This EA is for sell now BUT it is confusing.... It says trading 4 currencies which is different from the currencies being demo here

Going Extra Miles
nanquan
Jun 13 2010 at 17:52
4 posts
@Yek Tieu Cheng: It says so on the ForexFBI website, but that is not up to date information. Right now it's designed to trade specifically on EUR/USD and USD/CHF.

You don't need a lot of currency pairs though to make a robot 'good'. What counts is the % of your investment you get back from it each month. So far the data looks good. I'll update when I try it on a live account.

Right now I'm testing it on a demo account with 4 different brokers.

ishmael2013
Jul 28 2010 at 16:08
2 posts
Hey nanquan, give us an update on your live demo results.

ishmael2013
Jul 28 2010 at 16:08
2 posts
I will be doing the same in a couple of weeks. I purchased the damn thing.

jcvr18
Aug 30 2010 at 23:37
18 posts
I started running this EA 'Pip Brains live on forex.com UK on $ 300 account balance lost some money then took out some money I had $58 left in account in less than a week it is now $115 it like 100% in less than a week only look at account
in August all the negative account balances were caused by a signal service look under my moniker and you'll see the account for yourself

Jeff

primevalea
Oct 13 2010 at 00:19
449 posts
This is an account blower champion 😈

Money makes more money $ ... $$$
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