Review of the Pips Dominator EA
|EA Name||Currency Pairs||Timeframe||Strategy||ECN||4&5 Digits||Take Profit||Stop Loss||Home Page|
|Pips Dominator||EurUsd||1 Minute||Scalping||Yes||Yes||5 pips||100 pips||www.pipsdominator.com|
Performance (PipsDominator EA Test Results)
The Pips Dominator is sold for 97$ through clickbank
Forex Pips Dominator Strategy
The EA uses 20:1 risk reward ratio. No matter what winning ratio this EA may get on back test, it will NEVER ever survive the forward test. You need 20 winning trades in a row just to make up for one loss. Only a newbie would fall into such strategy. Moreover, it uses a 100 pips stoploss on a 1 minute chart trade pick, which clearly indicates that this is a totally random system. No solid strategy being coded here.
Forex Recommended Brokers
There is no experienced trader or EA designer in the world who would build up a strategy with 20:1 Risk/Reward ratio and call it successful!! This EA has either been designed by experienced traders to scam the newbies. Or designed by newbies who claim to be experienced. Then hope the Ea won’t hit a stoploss during the Clickbank money guarantee, to keep refund rates at the down low. For either one of these two scenarios, we will just go ahead and mark this EA as a scam.
Safe To Buy?
The Forex PipsDominator has not been approved for purchase.
Pips Dominator Overall Rating