Reservoir Pips EA Review

Review of Forex Reservoir Pips EA

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Reservoir PipsEURUSDM30MACD indicationYesYes15 (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

  • Miguel Reply
    Jun 3, 2010 @ 18:37 pm

    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 Reply
    Jun 3, 2010 @ 14:46 pm

    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 Reply
    Jun 2, 2010 @ 18:36 pm

    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 Reply
    May 31, 2010 @ 10:37 am

    @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 Reply
      May 31, 2010 @ 16:28 pm

      Thanks NickS!

  • NickS Reply
    May 31, 2010 @ 10:35 am

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

  • asiCs Reply
    May 31, 2010 @ 2:19 am

    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 Reply
      May 31, 2010 @ 2:40 am

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

  • Jack.K Reply
    May 30, 2010 @ 18:35 pm

    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 Reply
    May 29, 2010 @ 22:40 pm

    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 Reply
    May 23, 2010 @ 18:56 pm

    What is the best settings to start off with?

  • NickS Reply
    May 20, 2010 @ 8:25 am

    @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 Reply
    May 19, 2010 @ 18:27 pm

    is it same as Forex Ironman?

  • FKH Reply
    May 18, 2010 @ 2:30 am

    admin ,can share ur high risk setting?

  • CJ Reply
    May 13, 2010 @ 17:29 pm

    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 Reply
    May 12, 2010 @ 17:27 pm

    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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