Forex Robot Reviews

Stealpips EA Review (Steal Pips SCAM?)

Review of the new Stealpips EA.

Please beware that this Stealpips EA is being released by the same guy “Mark Trenton” that released the USDBOT which was a complete scam and copy of a free EA called Opto123. See my post here. While we are not yet sure if Stealpips is just another stolen EA, we can confirm that the Stealpips vendor, Mark Trenton denied us of a review copy, always a bad sign! Our advice is to stay clear of this one until I can get some more research done on it.

 

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Stealpips USDCAD H4 Unknown Yes Yes unknown unknown Stealpips Website

 

Performance (Stealpips Live Test Results)

License

Looks like it’s unlimited licenses.

 

Strategy

All we know is Stealpips trades the USDCAD currency pair. Will update this when I get my copy of Stealpips.

 

Recommended Brokers

Any and all brokers. Try FXOpen or IamFX for great spreads and execution, perfect for EA trading.

 

Conclusion

Stealpips has three short forward tests displayed on their page claiming to be live accounts. The results look good so far, but we can’t make a final decision until we get a copy and do some more research on this one.

 Update (April 20th 2010): Looks like stealpips could be just a long April fools joke because not only have I not got a single trade from it, customers are reporting no trades since March 29th all across the net. Maybe what I said about this one is true…

Overall Rating

12 Comments
  • Junaid - Posts:
    July 10, 2010
    Reply #1

    In My Opinion all Robots are SCAMs except few. like MEGADROID & FAPTURBO only long term strategy , since SClaper of FAPTURBO is looser one I stopped it.
    Megad Droid I’m Stiill using on live Account.. Dont go for Agressive !! first we have to get our investment back then only one should play with different settings. unless U understand waht the setting meant for.

    STeal PIP never open Trade since 3 monhts now and FOREX WEALTH EA as well.
    the refund period is over for both so gone money!!!!!

    FWRC put me in huge Loss and Universal $1000 Cost is big scammmer keep away.

    I tried Atleast 20-25 Robots on live accounts my suggestion is all junk bots.
    My first Choice is MEGADROID & 2nd is FAPTURBO longterm strategy.

    Now I made my own Strategy and working quiet well for the one month. almost 150% now. any one interested to invest as account management email me pls.
    Terms: first U ll get the money back and later 50% of the profit.
    I ‘m not selling My Strategy or Robot at the moment.

  • Stan - Posts:
    May 28, 2010
    Reply #2

    I bought stealpips just yesterday but i getting numerous trade that are different from what you have on this site. What settings are you using? I have gotten 3 trades that are losses. It keep trading buy and sell back to back. If it goes short and loses it goes long with double the amount of initial lot size. Please help me with your settings. Yours seems to trade conservatively. I did not buy the advance one I just bought the first displayed on the first page. I refused to buy the other advertised one that was promised to be more powerful..

  • Harry - Posts:
    May 19, 2010
    Reply #3

    HI there,
    I have another feeling with StealPips. It is running on a demo for almost 2 weeks and I made on a $1000 till now $600. Not bad I think. Maybe some research can be done on Matt Delen and Mark Trenton because it is mentioned that StealPips is a scam. DO anybody know Matt Delen.

  • admin - Posts:
    April 21, 2010
    Reply #4

    It’s a miracle, stealpips made a trade!

  • admin - Posts:
    April 20, 2010
    Reply #5

    It appears I am not the only one seeing nothing out of Stealpips. I have read numerous reports of similar activity (or no activity I should say) which leads me to believe either something is wrong with the EA, or it is just another Mark Trenton scam.

  • admin - Posts:
    April 9, 2010
    Reply #6

    Still no trades for Stealpips. I have checked for errors and looked over the settings and everything appears to be fine. Either something else is wrong, or this is how it trades, or doesn’t trade. Will update this when I found out more.

  • Todd - Posts:
    April 1, 2010
    Reply #7

    I purchased Steal Pips and requested a refund the same day.Its always a bad sign when you don’t have to put your click bank code in the inputs where they can control wether or not the EA will trade. Also some things did not match up with the hype on there web page..

  • ChilliBear - Posts:
    April 1, 2010
    Reply #8

    I unfortunately purchased USDBOT… got a refund after NO trades… I didn’t realize though the StealPips was the same guy. …. I just brought it a couple days ago……however as always I test on demo accounts first and 60day money-back allows me to see it a bot works or not. Thanks for the heads up FBI

  • admin - Posts:
    March 31, 2010
    Reply #9

    Precisely, the maximum risk of using a standard lot with only a $1000.00 account makes the profit look good, and it’s only for a few selective days. If the market turned against a trade this size, the results would be disastrous. I really doubt we are going to see any updates on these statements unless the EA continues to surprise us all and perform well.

  • Peter - Posts:
    March 31, 2010
    Reply #10

    Did you notice on the $1000 account that they were trading full lots of 100K? How is that possible? One slight retracement = margin call. Sounds phony to me.

  • 4xer - Posts:
    March 31, 2010
    Reply #11

    Great FBI work on this one. It does appear to have striking similarities to usdbot. I’m willing to bet the lid will be blown off this one within a week.

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