Tip Toe Hippo is an expert advisor that promises 5% average monthly returns and low-risk trades. According to the vendor, the system has more than 9 years of continuous trading history. However, we need to analyze the trading results along with other factors in order to determine whether the robot is profitable or not.
Detailed Forex robot review
On the official website of Tip Toe Hippo, the vendor has shared the growth charts for the development, demo simulation, and live trading phases. We have a short introduction to the expert advisor, but the vendor has not explained the features properly. The presentation is too short, and we cannot get a clear idea about the robot after going through the website. This is not a sign of a reliable trading system.
There is a separate section where we can know about the different team members. That being said, there is no official address for the company headquarters and the vendor has not shared any contact information. We don’t know anything about the company’s service history, and the lack of vendor transparency is quite troubling.
Tip Toe Hippo uses unspecified statistical and mathematical methods. The service team sends you the trades directly to your account and the results are verified by multiple reporting companies. To get started with this EA, you need a minimum balance of $1000. However, the vendor recommends investing more than $5000 for substantial returns.
To trade with this robot, you need to be constantly connected to the server. The vendor recommends using a VPS for this purpose. You can run the robot on the Metatrader 4 trading platform. After you have subscribed to this EA, the service team will email you the installation instructions. You will also receive a user manual and a video guide.
It is quite odd that the vendor has not explained in detail how the system works. We don’t know what special features it has and what supposedly makes it unique. The general lack of information is quite disappointing and it will deter most traders from investing in this system.
Tip Toe Hippo strategy tests
We don’t know what trading strategy Tip Toe Hippo uses. The vendor has mentioned that the robot does not use strategies like grid and martingale. However, they haven’t shared any information on the indicators used by this EA, if any. Since it requires a constant connection to the server, we can assume it follows a high-frequency trading approach similar to scalping.
Backtests are important for automated systems because they reveal their ability to deal with different market conditions. It seems the vendor has not tested this EA using historical data or they are not eager to share the results. The lack of backtesting data is a red flag that many potential buyers will not ignore.
Live account trading results
Here we have a live trading account for Tip Toe Hippo on the Myfxbook website. The account has been active since May 09, 2021, so it has a very short trading history. It is difficult to objectively assess the robot’s profitability by studying the results.
After conducting 212 trades, the account’s profitability stands at 50%, which is not very impressive. To make substantial profits, you need an EA that has a win rate well above 50%. The total profit generated through this account is $6747.08.
As you can see from the trading history of this EA, it is prone to suffering consecutive losses. This tells us that we are dealing with a high-risk expert advisor that can drain your account in no time.
The monthly, quarterly, and yearly plans for this robot are priced at $50, $100, and $250, respectively. With every purchase, there is a 30-day money-back guarantee.
There are only 4 reviews for this EA on Trustpilot and none on Forexpeacearmy. This tells us that it has no reputation whatsoever and not many people are currently using it.
If you are a serious Forex trader, you should avoid Tip Toe Hippo at all costs. This robot has a very short trading history during which it has lost back-to-back trades. The vendor has not explained the trading strategy, but we can tell that it is quite risky.
Leave a Reply