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

Jun 07, 2010 at 04:30
1,873 Views
12 Replies
Member Since May 22, 2010   4 posts
Jun 10, 2010 at 02:19
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.
Member Since Apr 20, 2010   814 posts
Jun 10, 2010 at 04:44 (edited Jun 10, 2010 at 04:46)
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.
Member Since May 22, 2010   4 posts
Jun 10, 2010 at 04:52
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.
Member Since May 22, 2010   4 posts
Jun 10, 2010 at 04:56
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.
Member Since Sep 01, 2009   13 posts
Jun 11, 2010 at 02:45
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
Member Since May 22, 2010   4 posts
Jun 13, 2010 at 17:52 (edited Jun 13, 2010 at 17:53)
@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.
Member Since Jul 28, 2010   2 posts
Jul 28, 2010 at 16:08
Hey nanquan, give us an update on your live demo results.
Member Since Jul 28, 2010   2 posts
Jul 28, 2010 at 16:08
I will be doing the same in a couple of weeks. I purchased the damn thing.
Member Since Aug 23, 2009   18 posts
Aug 30, 2010 at 23:37
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
Member Since Jan 14, 2010   449 posts
Oct 13, 2010 at 00:19
This is an account blower champion 😈
Money makes more money $ ... $$$
Member Since Jan 14, 2010   449 posts
Oct 13, 2010 at 01:00
🙄 mt4i.com/users/pipbrains-bfr
Money makes more money $ ... $$$
Member Since Apr 20, 2010   814 posts
Oct 13, 2010 at 01:06
It get total burn on Aug, 74% of $5000 = $3700. If you not lucky that go in start from Jun, will not able to cover the loss.

High gain high risk.
Information is Gold when come to organised.
Member Since Apr 20, 2010   814 posts
Oct 13, 2010 at 01:19
primevalea posted:
    🙄 mt4i.com/users/pipbrains-bfr

The statement look like only able trade minimum 0.10 Lot, so Pipbrain is trading 10x risk then usual.

Many trader still have the concept that all EA work same on different broker? I realize long time ago when I buy the Fapturbo.

Even then, I try pip brain on Alpari UK, it did not get the exact same result also. But it do get burst on Aug.
Information is Gold when come to organised.
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