Their link to mt4rocket also showing that the lot is double but, they are not posting the losses. Though it is strange as lot will be double after losses only.
Their link is showing lot double without loss for the previous trade. Strange anyway. Be careful to run it on live account.

I’ve 2 large loss on 15/10, on 17/10 the lot is double with small profit

It was cheap enough, so give it a go I have. Very similar to megadroid and in fact could be the same one rebranded. It does stuff all, only 2 trades in a couple of weeks. Save your dollars, its crap like almost all EA’s I have trialed

Please note that in the case of a refund the software is automatically deactivated.

I recommend you test the software for full 60 days before you decide to cancel.

We recommend you try and make use of this powerful software.

If you need help with something, please let us know.

We will be happy to help.

Hope that helps.

Regards,

PipJet Support Team”

Well I gave in and for the next two weeks I’ll be running it on a Pepperstone razor ECN account. I’m using the settings that they recommended and I’ll be posting the results on here. Lets see how “powerful” the software really is. My guess is, the only powerful part of PipJet is the marketing campain.

.

No changed settings, just loaded on 2 live accounts. Trouble is, pipjet loaded trades just as the US market was closing and spreads are tight. Shortly after US markiet close spreads really widen, pipjet detect this and close the trade, at a loss every time.

Got a disturbing email (see below) from Honest Forex Signals (HFS) who I was subscribed to till 24 Jun 12. Decent profits but I felt their subscription pricing of $177 p/m a bit too expensive for my tastes compared to the returns I was making on a small trading deposit account. I would use HFS again if I open a bigger deposit account.

Apart from this email from HFS, I did a search of Pip Jet at Baby Pips & FPA (no reviews or responses yet) and this is what one guy says there:

I’m getting worried about Pip Jet guys!

mendonca (Junior Member) says:

Third impression: BANG !!!!

Couldn´t have been faster. In just 3 moves the mighty pair of robots (Megadroid and PipJet) blew away 37% of the account.
EURUSD lost a mere 93 pips (I repeat: ninety three pips)
In the now renamed asian session that starts when the american market is still open (!!!) the two orders of USDCAD performed like this:
The firs one made +0.9 pips (a bit less than one pip)
The second one lost 114 pips (I repeat: one hundred and fourteen pips)

My guess is that Megadroid and PipJet are absolutely the same piece of… software.
And now I also understand the origin of the PipJet name: they put the pips in a jet and fly them as fast as possible to a different galaxy.

Next step: Ask for a refund.

I don’t want to sound impartial but another guy had something good to say to the guy above who lost 37% of his account:

razzezz (Newbie) says:

I have Pipjet and Megadroid running on three different brokers and see nothing like the results you see. Neither have lost a trade this week. On a small $150 real account, those EA’s have generated 9.9% growth this week alone.

I would suggest testing it on another broker while you’re still in your Money back period….

HFS Email says:

Email Subject: PipJet is a joke….. Stop buying garbage! …

Dear Trader,

Chances are, you have received MANY emails the last 7 days about a new program called “Pip Jet” promising huge Forex returns…

I decided to check out their website and I saw that they were promising $1000 into $36,000 in just a few short months… Really?

But guess what? This is their MyFXBook Page showing only 17 PIPS! If you don’t know it, a lot of these fancy marketers use screenshots in videos and promise verified results, but the real results shown are NOTHING like what is promised…

But sadly enough… many people are foolish enough to still buy this garbage because they are too lazy (sorry) to actually verify the results…

HonestForexSignals.com on the other hand offers:

-Over 15,000 Pips VERIFIABLE by even calling our brokerage, and thousands of pips verifiable on our MyFXBook, MT4I, and proof page.

– EXCELLENT Forex Peace Army reviews.

– Better Business Bureau “A” ratings.

-PHONE support. Not that “Support@….” email address.

In the last 2 week, we have made over 300 Pips. You will NOT get rich trading Forex with $3,000 or even $5,000 — BUT — if you work with legitimate services, you CAN make money… This is the last couple weeks of trading. We DO NOT always win, but we are still very profitable!!

HERE IT SHOWS A SCREENSHOT OF THEIR TRADES DONE FROM 22 JUN TO 29 JUN SUPPORTING THEIR ABOVE CLAIM OF OVER 300 PIPS.

The sad thing is thousands of people trading Forex believe in hyped-up programs promising stuff like “no losing months” and turning $500 into millions, etc.

Any questions, contact myself or Mike anytime — you can call us anytime (not at 4AM please) ..

Have a great week everyone, and HAPPY Independence Day to everyone here in the States!

-Tony

I guess if 50,000 people all started a small account at once, then initially 5,000 lots per trade might be generated – but what happens if the accounts start to grow ? 20,000 lots per trade ? 50,000 ? Surely there must be a point at which there is a problem in terms of execution time at some brokers, if nothing else ?

I guess the liquidity angle exists because people can’t get their heads round the size of the market – if people knew how many lots were being traded on the asian sessions for this pair, then liquidity concerns might be eased.

Again, numbers of users does not affect the market. Even if they are all using the same broker.