PipFinite EA Trend PRO is an FX robot that assures accurate trades and hassle-free trading. It uses the PipFinite Trend Pro signal and makes use of the preferential settings of the user for managing the trades. Many features of the system are customizable which the developer claims will enhance the trading approach of the FX EA. The developer describes this ATS as a flexible system as users can choose the settings that work best for their particular trading setup.
Detailed forex robot review
Karlo Wilson Vendiola is the developer of this FX EA. He is from the Philippines and has more than 7 years of experience in the field with 20 products and 8 signals to his credit. As per the developer, all the products have unique algorithms, reliable stats, flexible options, and competitive pricing. The features of this FX robot are:
- An inbuilt Trend Pro indicator.
- Multiple filters including entry and exit filters, time filters, session filters, and news filters.
- Automated money management settings.
- Many options for SL and TP.
- Breakeven options and trailing stop options to boost profits.
- The Martingale option is present which can be enabled or disabled as per user choice.
- Inbuilt alerts feature like push notification, email, and pop-up alerts.
PipFinite EA Trend PRO strategy tests
We could not find info on the trading approach used other than the mention of the EA using the Pipfinite Pro signal. However, the developer provides backtesting results. In the above strategy tester report, we see a modeling quality of 90% was used. For an initial deposit of $2000, the EA has generated a total net profit of $6317.82.
A total of 497 trades were executed for the testing done since 2015 on the H1 timeframe for the EURUSD pair. A drawdown of 31.73% was present and the profit factor value was 1.51 with profitability of 60.56%. From the high drawdown and low profits, we can see the strategy used is risky resulting in poor performance.
Live account trading results
A real live USD account verified by the myfxbook site for this FX EA is shown here. The account uses the RoboForex broker and the leverage of 1:500 on the MT4 platform.
From the trading stats, it is clear that the account is losing money with a total loss of 12.18% and an absolute loss of 12.18%. The daily and monthly losses are 0.28% and 7.91% respectively. A drawdown of 24.81% is present for the account that started in August 2021 with a deposit of $200. The total number of trades executed is 81 with low profitability of 41% and a profit factor value of 0.83. Lot sizes of 0.01 and 0.02 are used. From the stats, we can see the approach used is very risky causing considerable losses to the account in a short span.
This FX EA is available for $198. A couple of rental options are present that include a one-month rental of $98 and a one-year rental costing $158. When compared to the competitor trend-based systems the price of this EA is not expensive. However, there is no refund offered which makes us suspect this is an unreliable product.
No user reviews are present for this FX EA on reputed review sites like the Forexpeacearmy, Trustpilot, etc. However, we found feedback on the MQL5 site for this FX robot. Here is recent feedback for this EA.
From the review, we can see that the backtests and real trading results are not good. This corroborates our evaluation of the risky approach and poor performance.
PipFinite EA Trend Pro assures accurate trades and high profits. Our analysis of the features, trading approach, performance, and other aspects reveal this is an unreliable EA.
We found many shortcomings in this FX EA. To start with, the developer does not explain the strategy. While backtests and real trading results are present they show a high drawdown and poor profits. It is clear that the EA does not use a low-risk approach and the money management does not seem to be working well as seen in the losses registered in the real trading results.
While the price is not expensive, the lack of a refund makes us suspect the reliability of the EA. In short, we would not recommend this FX EA.