Easy Forex Pips is a trading solution that can help any Forex-related trader with signals in the right time. The presentation includes various explanations about the system. The devs claim that their signals provide 95% accuracy with over 4K of pips on the monthly basis. We cannot trust these claims blindly and to check out the veracity of the vendor’s claims, we have conducted a detailed analysis of this trading tool.
The developers don’t have high level of transparency because we don’t have much information about who they are and what trading background they have.
How Easy Forex Pips works
We have some details published that are systemized in the following list.
- The service provides us with signals when we have to buy or sell.
- They are delivered via Telegram.
- There’s an expert team of market analysts behind the service.
- We can expect that the signals will have the following information: Currency Pair, Entry Point, Stop Loss, and one or several Targets.
- There are over 120,000 subscribers in the free channel.
- The devs have over 6000 subscribers in the channel.
- The company has been existing for over four years.
- We can expect that those signals will have high win rate.
- Most of the signals will be delivered within European and American sessions from 8-12 p.m.
- We can use a suggested broker–XM.
Timeframe, currency pairs, deposit
- We don’t know for sure what strategies the system is using to spot trading opportunities.
- It’s possible to trade over 28 cross pairs.
- The details about time frames aren’t revelaed.
- The system looks for entry points. The data about trading strategies wasn’t revelaed.
- It generates signals with proper parameters.
Pricing and refund
The developers provide several packages where one of them was discounted. We can subscribe for the signals for $45 monthly. Three months cost $75. Six months of the subscription will cost $105. The annual pack costs cheaper than the half-a-year one – $100. We can rely on live telegram alerts, 4-7 signals per day, Daily Chart analysis, 1-3 targets per trade, 3000+ pips monthly, and money management advice.
The presentation isn’t featured with backtest reports. So, we don’t know if the system was tested properly.
As we can see, the data was moderated. So, we can’t trust it at all. The robot works on a real account on IC Markets almost without leverage, 1:30. The platform is MT4. The account was created on July 30, 2019. Since then, the absolute gain has become 210M%. So, it’s fake. An average monthly gain is 98.69%. The maximum drawdown is 16.55%. We have 40 people tracking the results.
The robot has traded 15,043 orders with 211,718.4 pips. An average win is 91.30 pips when an average loss is -165.20 pips. The win rate is between 69% and 70%. An average trade length is 4 hours and 5 minutes. The profit factor is 1.71.
The robot works with various pairs without focusing on proper ones. As a result, many of them were lost.
The developers decided not to show what deals were closed.
People say that Easy Forex Pips is…
Good. We have a verified account of the company created on Trustpilot. There are 361 reviews with a 4.8 rate.
|Trading results provided||No team revealed|
|A profile on Trustpilot created||No risk advice given|
|No backtests reports provided|
|Trading results look moderated|
Easy Forex Pips Conclusion
Easy Forex Pips is a company that provide information about the future market events in the form of trading signals. The presentation includes information about the reasons to pick the signals over trading on our own. Trading results showed that the developers moderated data delivered to Myfxbook. We have various testimonials about how good or bad this service is.