Pips Alert is a Forex signals provider service that promises to help you in finding excellent trade setups for the Forex market. According to the vendor, the signals are generated by experienced professionals and they are suitable for earning long-term profits.
There are three signal plans for this service, namely Jaguar Signals, Venture X, and Investor X Signals. The Jaguar Signals package costs $49.99/month and it consists of signals for the NYX and London trading sessions with a monthly average of 1000-2500 pips. Venture X is a group for long-term signals that is priced at $59.95/month.
For the Investor X Signals package, you need to pay $59.99/month. The vendor does not offer refunds for any of the plans. However, there is a 30 days pips protection policy where they extend your package in case the service fails to deliver at least 500 pips in 30 days.
Is Pips Alert good?
This service has trading signals for various trading styles. It has a free trading course and has a professional customer support team. That being said, there is no verified track record of the signals generating profits in the live market. Also, there is very little data on the parent company.
Features of Pips Alert
The traders generating the signals have to undergo a thorough evaluation process lasting nine months. According to the vendor, these traders belong to an elite group making up the top 4%. Each month, this service sends an average of pips exceeding 4500. The majority of the signals are for the London and NYC sessions.
The signals are in MT4 format, so you don’t need to learn new terminologies to use them. This system has an online dashboard where you can check the performance of the signals and manage them efficiently. You will get signals like desktop/browser notifications as well as email and SMS alerts.
|Trading Terminals||MT4, MT5|
|Customer Reviews||Good (4.145 out of 5 rating based on 15 reviews on Forex Peace Army)|
What strategy does Pips Alert use?
The signals generated through this platform include information like the type of trade, type of order, stop losses, take profit targets, early exits, and move to break-evens. For each group, the analysts send 3-7 signals daily. The average holding time of the trades is 24-48 hours, but the long-term groups often hold them for more than a week. Unfortunately, the vendor has not explained any of the strategies used by the analysts for generating the trade recommendations.
Backtesting vs live trading results
Backtests are vital for automated trading systems because they reveal the ability of the system to deal with different market conditions. These tests go on for several years and by analyzing them, you can get an idea about the long-term performance of the robot. Since Pips Alert is a signals provider and not an EA, we don’t need to analyze the backtesting data.
Unfortunately, the vendor has not shared the verified trading statistics for this signals service. On the official website, there is a section for signal performance, but nothing is being displayed in it at this moment. Without trading statistics, it is not possible for us to verify the authenticity of the vendor’s claims.
The core team
Pips Alert is the brainchild of two traders based in the UK and the US. The team now includes traders from Tokyo and Canada as well. The vendor has not revealed the identities of the traders, so we are not sure whether they have the required experience to generate profitable trading signals. There is no official contact information on the website. As such, the only way to get in touch with the support team is through the contact form.