Finally, PipJet is what I’ve been waiting 3 years for! “Why?” you may ask. Well it’s the next cab of the rank from the team at Forex MegaDroid (my No.1 ranked EA). They have spent the past 3 years looking at trends in the market to come up with the PipJet. At the end of the day as with most EA’s it will be a gamble to start with, until it’s been tested fully. I just hope they don’t do a FAPTurbo on us and come out with a position sizing (martingale-esk) type EA, like Forex BulletProof, that leaves you with high risk and slow moving profit. Update 22 July 2012:The Megadroid team have released more information on PipJet:
- Trades USDCAD currency pair
- Most likely 5 minute timeframe
- Most likely Asian session
- Download the full report by clicking the Visit Site button below
- I’ll be putting the Lab Test for the PipJet review on MT4i here
- Only trades if the price is in a strong range
- Waits until US session finishes
- Uses RSI, CCI, Hull MA and Andrew’s Pitchfork indicators to work out if the US session was ranging
- If it was trending then it looks at how strong the trend was, was it 3 days long, or if it was a US session only trend, or was the trend following news
- If any of the following scenario’s is true then the trade is postponed until the next day:
- Trend stronger than upper threshold, trend is stronger than the median threshold or the move exceeds the dynamically calculated pip limit
- If the above is met, then the trade entry setup can begin
- Waits until 21:00 UTC
- Measures tick volume from 21:01 UTC
- It then waits until both the following take place: Average tick volume for the last 15 minutes is at least 30% of the ave. tick volume of the US session and ave spread over the the last 15 minutes is 3.3 pips or less
- Determines the price channel presence by making sure 60% of the last 30 1 minute timeframe bars fall within a 30 pip range. This happens after the above has been satisfied.
- Determines the price channel is safe and reliable to establish that the price will not move greater than 30% from the range within the next 4 hours. This is done by using two tools designed by the PipJet team and the 1 minute close method indicator.
- Trades have an 18 hour maximum (which is rarely met)
I’ll have this in the lab ASAP, when I get my copy. For more detail at this stage, please use the button below…
Currently running PipJet on a Hot Forex account testing started on 26th June 2012. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 3903.45 | |||
| View our PipJet EA Demo Test Statement | ||||
Lab Result:
Update 19th July 2012:
- Upgraded to version 1.01
Update 31st July 2012:
- Upgraded to version 1.02
It would be nice if it could go into profit though instead of going into draw down from the start!
another .3 of a pip win last week! wow. i have never seen such a woeful effort from an ea.risking 30 pips to make a few pennies is insane,byebye pipjet and for that matter all other eas. now only day trade for real results and proper RR ratios.
Im going to start manualy trading pipjet when it goes into drawdown, with a close at pipjets entry point, so if it keeps breakeng even at least im making a few pips profit. Anyone think this could work??
And yet another massive trade from pipjet!!!!!!!!!!
I think the Megadroid guys put more weight on affiliating other products than improve MD and/or Pipjet. The profit is just simply too small to be worthwhile. If 1 loss happens (which WILL happen sooner or later) the EA won’t be able to recover from it for half a year or more.
The old version of MD has reached the 10 pip TP many times and closed the trade at breakeven or 1-2 pips profit rarely. The new version of MD and Pipjet (which is the same thing by the way) is the opposite.
It looks impressive if you see the win rate, but if you see the ammount if gained it doesn’t.
0.1-1 pip just simply doesn’t worth to run them.
Hi L, couldnt agree with your more! Pipjet has had one loss already, and the way its going I dont see any way its going to make it back. The only thing still going for it, is as far as i have seen it is yet to go straight into profit after taking a trade. If it does it may start to make more pips! We will see
One trade last night closed at a loss of 0.39 pence! well its better than hitting stop loss i guess!! I emailed the support team last friday to ask when they think things will pick up. No reply as yet!!!!
Looks like
It will take years to recover after each big lost. Do not know what md team is thinking .
Hi Cam any futher thoughts about this EA? Small winning trade last night, but we are only talking about 1 pip or so! Support have never got back to me about when they think it will start producing some good results. Its going to take about a year and a half to get back any losses the way its going!
Yeah, a very strange one indeed. Strong out of the gates, then disappointment followed by ultra conservative trading.
All I know is that I’m a matter of days away from having to close this site down as it’s still $29 from the black. The good news is that I’ve been working on a much better site in the background which I’m sure you’ll enjoy even more. And make a bit on money from as well!