Pip Brains EA Review & Discount (PipBrains Test Results)

Review of the Pip Brains forex robot.

Update (June 18th 2010) Version 1.1 release! – This is supposed to fix some of the major issues including the discrepancy of results people have been seeing. I will have this up for the start of this week.


10% Off Coupon Code: FBI-RLHI-FBI


Update(April 28th, 2010) – I received word from PipBrains creator that he is completely revamping the system for these new market conditions we are seeing. He says the current conditions will result in in-frequent trading, and up and down results which is exactly what I have seen so far. Well I guess cheers to him for all the effort, will just have to remain patient on this one for now it seems.

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Pip BrainsEURUSD/ USDJPY / EURJPY / AUDUSDM15The brain does what the market will let it do.YesYes40-7080-150Pip Brains

 

Performance

License

There are two packages available:

Pip Brains Advance Package – Has all settings available to modify including all indicator settings, take profits, stop losses etc… Over 63 variables to play with. Includes an advance settings guide to understand this monster of a system.

Pip Brains Lite Package – Has only the basic settings available to modify like risk, lot size, magic numbers, trading days and a few other basic variables.

Pip Brains is a membership based platform where you are limited to 1 live account, and unlimited demo accounts. but you have the option to purchase additional account use.

  • 1 extra account for $159.9
  • 2 extra for $298.99
  • 3 extra for $399.99

Many people we’ve talked to running pre-release copies of Pip Brains are doing so on more than account because of the success they’ve been having of recent. You can use unlimited demo accounts, and changing your live account number can be done on your profile page in seconds.

 

Strategy

Pip Brains uses advanced and highly optimized indicators to intelligently pin-point precise market conditions to open certain trades under. It’s hard to label Pip Brains with a specific strategy, the brain does what the market will let it do.

Pipbrains has now been updated to have 3 different strategies mixed together, controlled by a series of indicators and market monitoring algorithms to determine when to run each strategy. You can expect anywhere from 2 to 10+ trades a day with this very powerful, robust EA.

You have the option to turn on or off each of the 3 strategies, as well as turning off certain days of the week like sundays and fridays.

 

Recommended Brokers

Pip Brains works on just about any broker out there but be warned that if your broker does not allow hedging, it will prevent some of the strategies to co-exist. Our recommended FXOpen or IamFX are no exception and provide great execution time and spreads for this powerful EA.

 

Conclusion

I would have to say Pipbrains would be the one forex robot off our site to try first. It’s reliability from it’s A.I. intelligence makes it one of the least stressful robots to control your money.

Overall Rating

  • wind Reply
    Jun 26, 2010 @ 7:41 am

    yes, I had suffered big lost especially on the USD/CHF. But I wonder why the forexfbi admin din suffer such big drawdown? Is it really because of the lite and advance difference? I doubt.

  • fulcrumfx Reply
    Jun 25, 2010 @ 23:11 pm

    Just checked Reny’s account, down to $3.05 ouch

  • myths Reply
    Jun 25, 2010 @ 22:55 pm

    Yeah… yesterday I also lost about 30% of my account and most of the lost because of USD/CHF, this bot is not as good as what I expected, very disappointed .

  • Reny4jah Reply
    Jun 25, 2010 @ 20:56 pm

    Good luck , Steve.

    My FXOpen’s $1,000 demo account which had initially increased beyond $3,000 was wiped clean in the early hours of Friday leaving me with just $3.05.

  • Allan Reply
    Jun 25, 2010 @ 18:10 pm

    oooooooooooh nvm I guess it is because it is already friday XD

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