PipFinite EA Trend PRO is an FX robot that trades the signal of PipFinite Trend Pro. It executes trades based on the settings chosen by the user. This EA claims to have many customizable features which improve the trading approach.
The developer promises that the EA can make the trades more accurate and convenient. While this FX robot has verified trading results and a host of custom features the performance is poor indicating a risky approach. Our initial conclusion is that this is not a reliable ATS.
As per the info provided on the Pipfinite site, the vendor has been catering to traders since 2015 and boasts of reliable stats, competitive pricing, and flexible options. We could not find info on the location address, founding year, and other related details.
Karlo Wilson Vendiola is the developer of this MT5 tool. He is from the Philippines and has more than 7 years of experience and developed 20 products and 8 signals. Support is via an email address the vendor provides and through the Telegram channel of the vendor. We find the vendor transparency and support are inadequate making us suspect the reliability of this FX robot.
How PipFinite EA Trend PRO works
According to the developer, this EA is flexible allowing you to choose the settings that work for you. Some of the key features the developer claims to be present in this FX EA include:
- An inbuilt Trend Pro indicator and multiple filters to enable flexibility of the EA to work with the desired strategy of the user.
- Automated options for money management.
- Varied SL, TP, and breakeven choices.
- A trailing stop for boosting profits.
- Filters for entries and exits, time filters, session filters, and news filters.
- Martingale method is optional.
- The EA works on any timeframe and financial instruments like metals, indices, stocks, cryptocurrencies, and Forex.
- Email, pop-up, and push notifications.
Timeframe, currency pairs, deposit
As per the developer, this ATS works on any timeframe and currency pairs. A minimum of $50 can be used as initial capital for trading with this FX EA. We could not find info on the leverage used.
The developer does not mention the strategy used which is disappointing. Other than the mention of the proprietary signal there is no mention or explanation of the trading approach. No backtests are present. The lack of info on the strategy and backtests raises a red flag.
Pricing and refund
To purchase this FX EA, you have to pay $198. Rental options are available which include a one-month rental costing $98 and a one-year rental costing $158. A free demo account is present. But we could not find a money-back guarantee which shows this is not a reliable product. When compared to the price of competitor products in the market the price is not expensive.
We found a real USD account of this FX EA verified by the myfxbook site. The account uses an automated trading style and the leverage of 1:500 on the MT4 platform via the RoboForex broker.
From the trading info above, we can see the account is operating at a loss of 10.04%. A daily and monthly loss of 0.23% and 6.75% are present. The drawdown value is 24.81%. For an initial deposit of $200 the account started in August 2021, has executed 74 trades with a profitability of 41% and a profit factor of 0.85%. From the trading history, we can see lot sizes of 0.01 and 0.02 are used. From the results, it is clear that the strategy used is of high risk resulting in the very poor performance of the EA.
People say that PipFinite EA Trend PRO is…
Not a viable EA. As per the recent user feedback for this EA on the MQL5 site, the strategy tester results are poor and not usable. The user feels that although the indicator is good, the EA is unable to turn the signals into profitable trades. This feedback corroborates our analysis of the real trading results of this FX EA confirming that it is an unreliable system.
|Fully automated expert advisor||The strategy is not disclosed|
|Many customizable features||Bad performance in real trading results|
PipFinite EA Trend PRO Conclusion
PipFinite EA Trend Pro assures accuracy and high profits with its innovative features. Our analysis of the real trading results and the features reveal that it is not a trustworthy FX robot. The small sample size, losses generated, and low profitability are downsides that confirm our suspicion about the unreliability of the MT5 tool.