Comments on: Pip Brains EA Review & Discount (PipBrains Test Results)

By: wind

wind — Sat, 26 Jun 2010 07:41:03 +0000

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.

By: fulcrumfx

fulcrumfx — Fri, 25 Jun 2010 23:11:19 +0000

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

By: myths

myths — Fri, 25 Jun 2010 22:55:19 +0000

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 .

By: Reny4jah

Reny4jah — Fri, 25 Jun 2010 20:56:50 +0000

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.

By: Allan

Allan — Fri, 25 Jun 2010 18:10:53 +0000

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

By: Phillip

Phillip — Fri, 25 Jun 2010 12:38:59 +0000

I would like to know if this software takes $250 account as a start up?

By: Steve

Steve — Fri, 25 Jun 2010 10:30:36 +0000

The FXOpen demo I loadd last night isn’t even trading. The demo with FXCM-UK has two winners and two losers and is negative 155.00 in three days. I used preloaded parameters for the FXOpen demo and not making any trades

By: wind

wind — Fri, 25 Jun 2010 05:33:42 +0000

not doing well for me either, lost almost 40% of my account. quite disappointed, even I saw good support from Andy. might have its potential!!

By: Reny4jah

Reny4jah — Fri, 25 Jun 2010 05:14:46 +0000

You are right! The latest loser’s “trick” the robot performs is that it opens USDCHF trades with more disproportionate lot sizes when compared to that of EURUSD. For example, as at the time this review was posted, I had open trades for USDCHF whose lot sizes were 10 times more than that of EURUSD. If the trend goes in the direction of USDCHF, there is a potential for a huge gain. But if the trend is in favor of EURUSD, then the account must suffer a big drawdown.

For the hedging strategy to work properly, the lot size ratio for the two opposing pairs must be 1:1. But because this was not the case, all rising accounts took a turn for the worse when the trend went in favor of EURUSD and against USDCHF. We hope the next version Andy releases will correct this proplem.

By: Reny4jah

Reny4jah — Fri, 25 Jun 2010 04:47:03 +0000

O yeah, Strategy 1 is currently sleeping at the wheels, completely unconcerned with what is going on in the trading arena. Strategy 2 once in a while says ‘hello’ and goes back to bed; while Strategy 3 is overworking both the robot and the account making its ballooning balances head for a downward course. There are still many fixes that Andy needs to make for this robot to stand the test of time. Reminding Strategies 1 and 2 of their jobs and forcing them to accomplish their tasks are surely a part of the required fixes.

By: admin

admin — Tue, 22 Jun 2010 02:07:44 +0000

In reply to RossC. Hmm I am not quite sure, I can't seem to find a way to NOT get in regardless of what I do. When you go to the vip page, what page do you see? Any errors when you enter the password?

By: RossC

RossC — Tue, 22 Jun 2010 01:58:06 +0000

Hi admin,

Same as reny4jah, I can not succeed in finding a path to register for VIP section (I’m using a Firefox browser).

I spent 5 minutes going around in circles on multiple screens and gave up.

What is the secret?

By: wind

wind — Tue, 22 Jun 2010 00:27:33 +0000

In reply to Dean Guile. Hi Dean, with capital of 50k to start and floating with 500 is normal. you are about losing 1%. If your capital is 1k, and floating up till 500, then your account can prepare for margin call. ;)

By: Chicken

Chicken — Mon, 21 Jun 2010 12:36:12 +0000

What settings were used to test for the comparison?

By: Chicken

Chicken — Mon, 21 Jun 2010 12:04:40 +0000

Can someone provide the settings for $ 300 account?

By: wind

wind — Mon, 21 Jun 2010 10:58:09 +0000

In reply to admin. ya. I believe it is due to the setting of the size lot? Can you check on your account size, is it mini or micro account? what I would recommend is adjust your lot size, or at least run in demo ;) hope it helps.

By: Dean Guile

Dean Guile — Mon, 21 Jun 2010 08:26:28 +0000

@admin, im using the equivalent to my micro account at fx open, so its 50,000 start balance with lowest risk settings advised by author.

By: admin

admin — Mon, 21 Jun 2010 08:08:51 +0000

What size account and what kind of risk are you running?

By: Mike

Mike — Mon, 21 Jun 2010 04:16:01 +0000

@cristobal: I checked your myfxbook, and today you have -502$, so far. And you have loss in the last 3 days as well. Is this a different account of did I miss something?

By: Allan

Allan — Sun, 20 Jun 2010 19:26:42 +0000

@Mike
Hi, I’ve done backtesting also with the bot and the results all seemed to be margin calls, with mixed settings, some settings ate the account in 3 days, some other settings ate the account withn like 20 days, anyway it was never over the $500 dollars I tried with. I will run some with the new update and see what comes out of it.