The vendor heaps PipFinite EA Trend PRO with praises asserting that its inbuilt smart algorithms and many other features can give traders an edge over the market. In addition, the robot is said to work hard to ensure that you do not miss signals or enter trades late. We have established that these claims are unwarranted since the system is a loser.
What is PipFinite EA Trend PRO?
This EA is designed to trade the PipFinite Trend PRO signal as well as manage trading activities based on the user’s preference. To achieve this, the following features have been incorporated:
- An in-built Trend PRO indicator algorithm.
- Automatic money management options.
- Dynamic SL and TP options.
- Can trade with a minimum of $50.
- In-built entry and exit filters.
- Customizable settings.
- Email, pop-up, and push notification alerts.
- Martingale options.
- Works in all time frames and financial instruments including stocks, Forex, metals, indices, and cryptocurrencies.
- News filter.
Official PipFinite EA Trend PRO website
PipFinite EA Trend Pro is presented on its official website and on the mql5 product page. The presentations mainly highlight the product’s features, available offers, publication details, links to settings and backtest results, and customer reviews.
Karlo Wilson Vendiola is the creator of this robot. He lives in the Philippines. He has been working in the market for 7+ years, and within this period, he has created a total of 20 products. Unfortunately, he does not feature his credentials, or the identity of the people he works with.
How can we use PipFinite EA Trend PRO?
Once you purchase the EA, you are required to install it on either the MT4 or MT5 terminal. Then, its in-built indicator algorithm will work to identify the trend, filter out noise and provide signals for entering and exiting trades.
Pricing & refund
PipFinite EA Trend PRO costs $198. The vendor also provides 2 renting options. As such, you can rent the EA at $98 for a month or at $158 for a year. However, we are not told what is featured in the various packages, including whether it has a refund policy or not.
When it comes to the trading strategy, the vendor indicates that the system works according to your preferred trading style. In essence, you can customize the settings to coincide with your trading approach. As noted earlier, the EA is mainly created to trade the signals provided by the PipFinite Trend PRO signal. So, by default, it focuses on trends.
Based on the data provided above, the robot was tested from 2015 and worked with the EURUSD currency pair. It carried out a total of 497 trades and generated a total net profit of $6317.82 and a high drawdown of 31.73%. The drawdown value tells us that the system was trading dangerously. Therefore, it was not able to win many short positions —63.52% and long positions —57.95%. The profit factor was 1.51 and a sign that the robot didn’t make significant returns.
This is a real USD account hosted by RoboForex. It used a deposit of $200 to implement 144 trades. However, it has not generated any gainful results yet. It is making losses at rates of -0.46% daily and -13.21% monthly. The cumulative gain is hence -27.68%. As a consequence, the balance has reduced drastically to $144.64.
The drawdown, which is 33.52% is also huge and reflects the risky nature of the approach on board. A majority of the long (40%) and short positions (44%) end up with losses. The profit factor of 0.77 also reiterates the EA’s low rate of return.
The risk of ruin table shows us the dire situation of the account. If the system records 5 consecutive losses, then 10% of the account will be obliterated.
The system made losses more frequently than profits. Lot sizes of 0.01, 0.02 were utilized.
What customers say
Many buyers of this EA (4 out of 6) are satisfied with it. However, we came across one negative testimonial that coincided with the trading data findings. In this case, the customer says that the strategy tester results were terrible.
Summary: is PipFinite EA Trend PRO a trustworthy EA?PipFinite EA Trend PRO
Trading results2/5 Bad
- The EA is fully customizable
- Live trading and backtest results
- High risk of ruin
- Lack of vendor transparency
- No money-back guarantee