Forex Pips Bag is a new forex robot being sold by an unknown developer for $89 on the Regnow payment processor. The vendor claims to offer an unlimited money back guarantee meaning you can request your money back 10+ years from now if your not happy. That is if you even remember you purchased it.
Strategy
Trades strictly EURUSD H1 with a stoploss of 55 pips and a dynamic take profit depending on market volatility. It appears to be mainly based off trend following and claims to be different because it will open a buy order if the signal is there even with a sell order already open.
Results
No real results, just 10+ year backtests that while look good, are after all just backtests which can be often times over optimized for. I’ve even seen instances where EA developers will write code that will avoid specific dates in history to avoid trading during a backtest to prevent large draw downs or big losses. I’m not saying thats what Pipsbag has done here, I’m just pointing out an example of how backtests can be manipulated and should never be trusted.
It doesn’t look like you can order this one yet, unless it’s through their newsletter. Regardless, I may consider giving this a try to add to our testing page.
Remember if you are going to try Forex Pips Bag that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.
If real user reviews of Forex Pips Bag are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.
If you have experience with ForexPipsBag or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.
If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.
Ok guys lets get the ball rolling, here at ForexFBI we encourage our visitors to discuss your Forex Pips Bag experiences, strategies, thoughts, whatever…
