PipJet Forex Robot Download. PipJet from The Forex Megadroid Robot Developer Team.
Pipjet reviews and comments continue to come in as the creators of Forex Megadroid, one of the most successful Forex trading EA's, is released to the public. The PipJet robot has been in the making since 2010 as the creators wanted to release a program that would be able to surpass the power and success of their prior program. After trading five live trading accounts and making them all profittable, the Pip Jet creators felt it was time they show release their system so other Forex traders could benefit. A PipJet review shows that the program takes advantage of a setup in the Asian market trading the USD/CAD pair. A quick look at the PipJet results show that they were able to take one account from Sept 2010 from $1,000 to close to $36,000. To many traders that is considered an impressive rate of return.
The Pip Jet team believes that this program is destined to beat out it's sister program Forex Megadroid. Now that the creators have a professional support team in place, a proven system with great educational platform and a loyal fan base should make that task easier. A reviewer says, "After looking at the proof of the Pip Jet results and reviewing the trading strategy behind it, we recommend that people should at least give it a try. The creators have done a really good job and the best part is they are offering a money back guarantee, so we recommend traders get a copy and try it on a demo account. If it proves successful, then keep it and profit." PipJet is a Forex Robot that has been in development for over 2 years now.
Its performance is probably amoungst best you have seen on the marketplace and is supported by 5 (FIVE!) real-money, live account statements. The beauty of its performance proof is that, unlike other robots out there, PipJet has been trading for almost TWO years with only 3 losing trades and a VERY low drawdown. But, strange as it may seem to you now (and we will keep it as a surprise for the time being), the HUGE performance of the robot is NOT its #1 highlight. Yes, strange, but you will soon understand what we mean.
Impressive gains, right? And what they wanted you to believe was that you could expect to experience similar gains if you bought and used PipJet (though, of course, they never said that – that would be agains the law!). I installed PipJet on demo accounts from 3 different brokers (Interbank FX, MBTrading, and FinFx). I set them with identical $10,000 balances with 50:1 leverage, and aggressive trading strategy with a 5% risk level (a conservative setting that I would probably use for real trading). And waited. And waited.
PipJet did make a few trades here and there, but it really baffled me. Some of the trades were at times that, if the description of their strategy was accurate, shouldn’t have happened (i.e., mid-afternoon Central time, before the Asian market even opened). Sometimes it would trade in one account, but not another. One early trade was opened in all 3 accounts, but closed almost immediately with a very small loss (less than a dollar) in two of the accounts, but let run for $60 loss (6%) in the other. Total, across all three accounts, from June 28 to August 10, I had a gain of 0.17%. This is NOT the kind of performance that I pay for robots for.
I tried to figure out what went wrong, and why my performance was so much different than the numbers in their proof accounts (above). I took the raw data from each proof account, copied and pasted in to an Excel spread sheet, and did a little manipulation to see the performance (percentage gain) on a rolling 30 day basis, and the result were surprising. Here’s a graphical representation of what I found:
What do we see here? All 5 accounts have their ups and downs, though always positive, but peaking around the end of 2011. After that, it’s been a fairly steady slide down hill, especially since the early part of July?
What I think we have here is the situation that is commonly attributed to forex robots: They perform well in one set of market conditions, but when the market changes, they are unable to adapt. This is not a case that the robot is making losing trades and blowing out your account: It’s simply making (almost) no trades, because the trading conditions it is programmed to find simply are not occurring in the market today.
Based on what PipJet has said in their description of their trading strategy, they are looking for a basically ranging (sideways) market with limited volatility. They won’t trade in a trending market, and they won’t trade if the market is too volatile. And that has worked for them, resulting in an excellent win/loss ratio. But looking at the USDCAD charts, I’m seeing what looks to me like considerably more volatility, and I’m seeing trends being established and continuing for days on end. So the result is no trades. Which is good if there is a high probability that those trades would be losers. But, unfortunately, I don’t pay for robots so that they can sit there and not make trades. I can do that all by myself.
And PipJet has said they are continually making adjustments to their trading strategy to accommodate changes in the market. I don’t think they can do that for this market change, because the market change goes to the core of the design of their strategy.
So is PipJet a scam? I would not use that word. Its performance is disappointing, but its history shows that it has potential. I do believe that the makers of PipJet monitored its returns on a daily basis, and were well aware that its performance had fallen off, and clearly didn’t tell us that, so you can say they are guilty of misleading (by omission) in their ads, but I don’t think I would call it a scam. I will continue to monitor the performance of their proof accounts, and, if the performance turns back up, either because the market changes again, or because they do find a way to modify their trading algorithm, I’d be more than happy to give them another chance.
It's been over 3 years since launched our first FX robot, Forex Megadroid.
The robot has been purchased by over 44,000 traders around the globe since then and STILL continues to be the #1 solution for automated FX trading.
Many people have asked us WHY we waited so long to bring the industry a new robot.
The answer is quite simple: because we care about our BRAND, so bringing a new robot to the market means NEVER sacrificing quality and profitability.
We have worked very hard to maintain the quality of what we do and what we deliver...
...and that means that if we can't find a strategy that would be resilient, profitable and consistent enough... something that would be BEYOND any trader’s expectations, then there is no point introducing a new robot to the marketplace.
In early 2010 we managed to find a “weird” occurrence in a certain currency pair that aroused a lot of curiosity (the term “a lot” is actually an understatement!).
That curiosity lead to extensive research... and that extensive research led to a discovery that stopped us cold in our tracks!
This discovery was so big that, for the very first time since launching our first robot, we felt that we had something to contribute to the FX industry – something that would truly raise the standard.
The PipJet robot was developed around every aspect of this discovery and, soon, we will be sharing it with the FX community.
In fact, we will soon be revealing IN FULL what this huge finding is (yes, every detail will be exposed)! Traders will be able to put this new “gold-rush” type of opportunity to work for them regardless of whether they become PipJet owners.
By the way...
After traders see PipJet's real-money, live trading accounts (two of them trading for almost 2 years now!), they will understand WHY we waited so long (and have been so obsessed with quality), to introduce a new FX robot to the industry!
For now, please be sure to sign-up to our notification list above for timely future updates.