PipFiniteEA Trend Pro comes with multiple inbuilt settings such as trailing stop, stop loss filter, news filter, etc., to tweak its performance. The robot trades the developer’s trading indicator, which is available at the MQL 5 marketplace. There is an option to use martingale within the system that is an extremely risky approach. We will review the product in our article to see if it can be profitable.
Is PipFiniteEA Trend Pro good?
PipFinite EA does not have any backtesting or live records that can prove its performance. This raises many concerns about the profitability of the product. We can say that investing in the product is not a good option.
Features of PipFiniteEA Trend Pro
The algorithm has the following features:
- It trades a custom EA developed by the author.
- There are 2 versions for this EA offered: MT5 and MT4.
- Multiple settings can be tweaked.
- Traders can use the robot for as low as $50.
- The developer updates the robot at all times.
|Trading Terminals||MT5 or MT4|
|Customer Reviews||4.43 for 7 reviews|
What strategy does PipFiniteEA Trend Pro use?
The developer states that the robot trades using a custom indicator called the PipFinite Trend Pro. The indicator trades based on trends and filters out the market noise. There is a stop loss and take profit on each trade by the indicator. It does not repaint any signal and works on the close of each bar.
Traders can use it on any time frame and financial instruments, including stocks, forex, metals, and indices. No information is available on how the algorithm calculates the trend, which is quite upsetting. There are no live records that we could use to analyze the history of the trading.
Backtesting vs live trading results
There are no backtesting records available for the algorithm, which is a poor approach by the developer. An image is available which shows a curve for EURUSD, but there are no statistics. The algorithm starts with around $1000 in deposit and ends at $4000.
There are also no live trading records available for the product, which is another con. Without any records, we are unable to understand the proper output of the EA. This keeps us blind to knowing the drawdown and the gains. Maybe the expert advisor fails on live and backtesting results. Therefore, the developer refuses to share them.
The core team
Karlo Wilson Vendiola is the author of the product who resided in the Philippines. He has a total rating of 5 for 4726 reviews. The developer has 20 products published on the MQL 5 marketplace and has a total of 0 subscribers for his services. According to the website, he has more than seven years of experience in the market, but there are no certificates or live records that can prove that.
There are a few reviews available on the MQL 5 marketplace about the product. One of the traders says that he has been using the EA for a short duration and gives a neutral rating for the product. The algorithm currently has 4.43 stars for a total of 7 reviews.