PipFinite EA Trend Pro is an FX robot that uses the PipFinite Trend Pro indicator. It utilizes user settings for order execution. As per the developer Karlo Wilson Vendiola, this trading tool uses customizable features that improve the efficacy of the approach. The enhancements make the trading accurate and convenient. With the addition of filters and other characteristics, the developer claims that this EA will provide high returns.
PipFinite EA Trend PRO trading strategy
Excluding the mention of the proprietary indicator, the developer does not explain the approach used. He claims that the software is flexible enabling you to choose the settings that work effectively for the specific setup you have in place. The Martingale method is provided as an optional feature. However, the absence of a strategy explanation raises a red flag for this FX EA.
PipFinite EA Trend PRO backtesting report
A few backtests are present for this FX robot. Shown above is a backtest done on the EURUSD pair using the H1 timeframe from 2015 onwards. The test had used a modeling quality of 90%. For an initial deposit of $2000, a total profit of 6317 was generated with profitability of 60.565 and a profit factor value of 1.51. The maximum drawdown for the account was 31.73%. We find the drawdown is very high indicating a high-risk approach was used by the EA. Furthermore, the profits are not high showing poor performance.
PipFinite EA Trend PRO live results
There are no live verified results for this FX EA. The developer provides a few trading results samples on the official site but these are not verified results. We prefer trading stats verified by third-party sites like myfxbook, FXBlue, and FXStat. With verified results, we can have a better insight into the performance and approach. Details like the drawdown, risk to reward ratio, lot size, etc. are revealed in the results. The trading images provided by the developer do not reveal much info which makes us suspect this is not a reliable system.
Some features of PipFinite EA Trend PRO
Important features of this FX Robot that the vendor focuses on are:
- An integrated algorithm for the Trend Pro indicator.
- Multiple filters include entry and exit filters, time filters, session filters, and news filters.
- The recommended minimum deposit is $50.
- This EA uses automated money management and different SL and TP options.
- Trailing stop, breakeven, and partial trade closing are other features present in the EA.
- This FX EA is compatible with any timeframe and it can work on all types of instruments like indices, stocks, metals, Forex, and cryptocurrencies.
- Alerts are sent via a pop-up, push, and email notifications.
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Main things that make PipFinite EA Trend PRO an unreliable EA
On assessing the various aspects of this FX EA, we have identified the crucial factors that make this an unreliable EA. Here are the critical aspects that need to be addressed for better efficacy of the product.
1) High drawdown
From the backtesting report, it is clear that the drawdown for the account was very high. Such a high drawdown shows that the approach used is risky and can end up in losing your capital easily.
2) Undisclosed trading approach
The developer does not divulge the approach used by the system. The lack of strategy explanation makes us doubt the reliability of the system.
3) Unverified trading results
No verified track record is absent for this FX EA. The lack of a proven performance makes it unreliable
To buy this FX robot, you need to pay $198. Rental options are present that cost $98 for a one-month rental and $158 per year for an annual rental. We could not find more about the package and the features available as the developer does not reveal the pertinent details. Further, the lack of a refund policy raises a red flag for this FX EA.
We could not find user feedback for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback suggests that this is not a popular system.