Pip Brains is an EA that has been around for a while now but only re-released recently and optimized for modern market conditions.
Strategy
It trades 3 different strategies to maximize trading opportunities and cope with different market conditions. Two of the strategies look like they use standard indicator based and price action analysis. The third looks like it’s based on a Martingale Hybrid System (but this is just a guess based on the settings available).
Versions
Pip Brains Version 1 was released last week and performed poorly on default settings. However, it was just announced today that Version 1 wasn’t working correctly for a lot of people and the creator updated it promptly with Version 1.1. So, the lab tests below are all based on Version 1.1 along with the live test.
Test 1: Independent Strategy Testing
Currently running Pip Brains on Alpari UK, testing started on 19th April 2010. Current results are as follows:
View our Pip Brains Live Test Statement
Lab Result:
4th July 2010:
- I was sent Version 1.2 today which I have added to the account, replacing 1.1. Note, the 3rd strategy is completely turned off in version 1.2. Let’s hope for better results next week.
30th September 2010:
- After 3 months of live testing, Pip Brains showed little promise. Even after the various updates. A unique strategy, but not one I would feel confident live trading myself.
I’ve been forward testing pip brains as well… here are my results…
http://www.myfxbook.com/members/southernpitbull/pip-brains–megadroid-mini/36924
*Notes*
Pip Brains 1.1a was trading on both pairs until July 4th, at which point I changed the EurUsd to trade with Megadroid 1.21 and UsdChf is being traded with Pip Brains 1.2 now. Both bots are running on defaults. If you have any questions feel free to hit me up on my myfxbook page.
Sorry the other link wasn’t correct
Hi,
It’s not the best for your reputation if you are recommending PipBrains. PipBrains is a loser and Andy is not refunding the purchase price as promised! He is not even answering emails. PipBrains cannot manage current trading conditions!
Hi Trader,
Just in case I’m causing some confusion, I should clarify that I’m only testing Pip Brains… not recommending it
based on your live statements and carefully compared, it was totally different from mine which was profit 500% ROI since MAY 2010. i got positive similar results on 3 differences regulated broker. i think you got wrong setting on your robot or ruined something else. pipbrains is a truely human trading based root. your testing is not realiable and baseless. take note…
Hi Marubozu,
Thanks for sharing. The sort of results you experienced were indeed the reason I decided to review PipBrains but the results never came, even though everything appeared to be working as per normal.
Are you able to share with us your setting and the exact version you are using? This may prompt me to retest this EA.
I too am interested in your results and settings marubozu. I was considering purchasing this EA as all of the other reviews I’ve read had positive results. Please share your settings. Thansk.
re not eating pip brain,
bad service, no answer ever.
malfunction.
do not refund the money.
worst of the worst.