Forex Robot Reviews

Reservoir Pips EA Review

Review of Forex Reservoir Pips EA

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Reservoir Pips EURUSD M30 MACD indication Yes Yes 15 (internal) 225 (internal) Reservoir Pips Website

Performance (Reservoir Pips Live Test Results)

License

$97 Through Clickbank. This is another Next Gen FX product.

Strategy

Forex Reservoir Pips uses a MACD indicator to determine it’s entry points, and then uses an internal 25 takeprofit and a large stop loss of 200+ pips. Because the take profit and stop loss are controlled internally, you will want to keep Forex Reservoir Pips running all the time, other wise you could have open and un-managed trades.

Recommended Brokers

Reservoir Pips works on just about any broker out there. Our recommended FXOpen or IamFX are no exception and provide great execution time and spreads for this powerful EA.

Conclusion

Reservoir Pips is still fresh, with little known about it. I will wait to see how it performs before making a final decision.

Overall Rating

17 Comments
  • Miguel - Posts:
    June 3, 2010
    Reply #1

    I tested this ea, i dont like it because for each losses open a double trade. But doesnt have MM, so u need to input lot size. In demo open trades of all sizes…

  • Gabriel - Posts:
    June 3, 2010
    Reply #2

    Hi,
    I would like to know if many buyers experience problem with downloading from the link…or just certain buyers experience like CJ above? Cos i would like to make a purchase and do not wish to have same snag.

  • asiCs - Posts:
    June 2, 2010
    Reply #3

    admin, finally found the product to try 😉

    btw, i have running it for quite sometime now (reservoir-pips and skyline), it had great winning percentage (100%), but you managed to make trade more than once a day with different lot sizes (bigger than configured settings, i presume).
    Is indicator settings affecting the frequency on trades (mine is 80, 3, 0) ?

  • NickS - Posts:
    May 31, 2010
    Reply #4

    @Admin – your link above goes to Ironman – you can change it to Reservoir Pips by replacing the capitals in the following link with your ClickBank nickname – http://www.nextgenerationfxtrading.com/nextgen.php?offer=CBACCOUNT&pid=10 – that way we can all buy through you as a thank you for the invaluable research you are publishing on your outstanding site! I’m extremely grateful to you and I’m sure everyone else is to!

    • admin - Posts:
      May 31, 2010
      Reply #5

      Thanks NickS!

  • NickS - Posts:
    May 31, 2010
    Reply #6

    Ref. Ironman – I emailed Reservoir Pips support to ask if Ironman is the same. They said they are different products.

  • asiCs - Posts:
    May 31, 2010
    Reply #7

    admin,

    does it mean this reservoir-pips robot is different with new launched forex ironman, in terms of concept and the idea behind it?

    • admin - Posts:
      May 31, 2010
      Reply #8

      @asiCs
      I have not tried Ironman but I can only assume they are completely different.

  • Jack.K - Posts:
    May 30, 2010
    Reply #9

    Thank you admin. Recently a lot of EAs merged on the market, I will always go to your site to see is there any real live performance listed. I like your site.

  • Jack.K - Posts:
    May 29, 2010
    Reply #10

    Hi admin, I visited this site of Reservoir Pips, but the website redirected me to another Robot called Ironman. This Ironman is not listed on your page of Forex Robot. Do you have this robot (the ironman) live testing statement? Please check it.
    Jack K

  • CJ - Posts:
    May 23, 2010
    Reply #11

    What is the best settings to start off with?

  • NickS - Posts:
    May 20, 2010
    Reply #12

    @DeafPipster Most links for Reservoir Pips go to the Ironman web page. I found one which goes to Reservoir Pips: http://www.reservoirpips.com/ I emailed their support to ask if they were the same – their reply was that they are different, but no explanation about the links. Hope this helps.

  • DeafPipster - Posts:
    May 19, 2010
    Reply #13

    is it same as Forex Ironman?

  • FKH - Posts:
    May 18, 2010
    Reply #14

    admin ,can share ur high risk setting?

  • CJ - Posts:
    May 13, 2010
    Reply #15

    I purchased the software however after 4 days have not recieved the link to download the software after numerous of e-mails no response from them????

  • FKH - Posts:
    May 12, 2010
    Reply #16

    hi admin~
    what setting of you use..
    i had try backtest on 3 broker…result show not so good..

    thanks
    FKH~

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