Tip Toe Hippo promises to offer more than a 5% return a month through their robot. The company claims to use a safe and sound methodology for their trades and states that they have tested their EA for a long duration before presenting them to traders. Let us go through the website and their live records on Myfxbook to observe and see whether the tool they offer is profitable or not.
What is Tip Toe Hippo?
Tip Toe Hippo has the following features:
- It has a maximum historical drawdown of 15%.
- It works on the MT 4 platform.
- It comes with upgrades that help it to perform better.
- It does not use dangerous strategies such as martingale or grid.
There is no recommendation available on the leverage traders need to have on their accounts to follow their signals. The minimum recommended balance is $1000.
Official Tip Toe Hippo website
The EA is presented through a single webpage on the company’s website. They do not share much information about the algorithm, which is a bad practice. There is no knowledge present about the vendors. The developers allow traders to contact them through a form on the website or through discord.
How can we use Tip Toe Hippo?
You can use the user manual on your email id after purchase to set up the product. As it is a trade copying, EA traders will have access to limited features like money management only.
Pricing & refund
The robot is available for $50 a month. It is also possible to get it for a quarter and a year for $100 and $250 respectively. Traders have no money-back guarantee with the program.
The developer only shares that the EA does not use grid and martingale strategies. To understand its trading phenomenon, we use the history on Myfxbook, through which we see that it trades on indexes such as GER30 and US30. The lot sizes can vary while trading, and the stop loss and take profits are virtual. The average trade duration of 14 hours and 38 min means that it uses a day trading approach.
The developer is not transparent with backtesting reports of the system. They share a white paper with us with a vague description that can be hard for any trader to grasp. They present their performance by stating that the robot has gone through Monte Carlo simulations that show that it can perform under all market conditions. We still do not have access to the drawdown and the profitability.
Live trading results are available on Myfxbook, which show performance from May 09, 2021, till the current date. The robot had an average monthly gain of 5.64%, with a drawdown of 5.87%. There were 173 trades in total, with 5095.10 lots traded. The expert advisor traded with a winning rate of 51% with a profit factor of 1.60. The average winning trade was $1081.41, while the worst one was -$66842.
The growth curve goes up and down showing that in some months the EA is profitable while in others it is not. It may give out a negative outcome. For example, during August 2021 the robot had a -1.88% of return. The other months look steady.
What are the real customers saying about Tip Toe Hippo?
Unfortunately, there are no customer reviews available on Forex Peace Army that can tell us about the performance of the system. No feedback from traders means that none has tried using the system so far.
Summary: is Tip Toe Hippo a trustworthy robot?Tip Toe Hippo
Trading results3/5 Neutral
- Live records available on Myfxbook
- There are bo backtesting records
- It does not explain the trading strategy properly
- There is no transparency on developers