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
What do you think Cam? do you think it needs a VPS? Its probably to soon to ask, but is this EA going to be another million dollar pips?
I think it’ll be another MegaDroid if anything. Where you can have a dry spell of a week of two now and again. The VPS may help, but you’ll notice that my demo is on VPS and has not traded this week either.
Got Pipjet the day it was available on the site. I’ve trusted the guys over at Megadroid for a few years now so I did not even hesitate to pick this one up. It looks like it will be another Megadroid…. not that its bad, but all signs point to that fact. I’ve done some research on the trading strategies that Pipjet uses and all seems like a very consistent and reliable EA. Like Megadroid, I am not expecting to retire on it after a year of use, nor am I expecting daily trading but I will keep this one in my collection. Status: 2 trades and both were small losses. Oh well, let’s hope it is just beginner’s bad-luck.
One trade last night resulting in break even trade! how did everyone else do?
Ask for a refund. PipJet is Pathetic. All their hype and results until they go public and live and you lose money. Its costs you more to run your vps and Pipjet makes you peanuts if you lucky.
I got my refund.
Good luck you Jedi Warriors.
Don’t waste your money guys.
Pipjet is Pathetic.
My rating- ZERO
Exactly the same. So far still just 0.07 up in 2weeks.
you are right Adraian and Walter. I also asked my refund for this EA. In two weeks I just have one losing trade…and when I see the number of trades necessary to recover I prefer to stop this scamm!
Same rating than you : double zero !
Im going to give it a bit longer and see how it gets on
I’m in no rush for a refund. I will see how it goes. The price tag was low so I will keep it and see what happens. If there are updates and tweaks etc.
This is mainly manual trading but pipjet is on here at low risk. https://www.myfxbook.com/portfolio/chilliebear-hotfx-2012/340332
A fool and his money easy part! PipJet does not make the profits they claim.
I got my money back because I’m not a hero and absolutely not a fool.
Good Luck to your “Hopes”
They aint gonna happen with pipjet.
Just another load of sales hype…
Their results on their website are charts. Not actual verified trades.
Ask them to provide us “investor” login passwords so we can see if they for real or not.
Bet you they won’t.
All good old marketing tricks.
Hi Guys, sorry I think this is the “viewers” link to my fxbook http://www.myfxbook.com/members/ChilliBear2012/chilliebear-hotfx-2012/340332
One trade last night closed at break even!
jon , gud you had 1 trade last nite, i have not even one trade since 5th July. Don’t know whether to wait or surrender?
PiPJet Breakeven and no trade does not pay the bills. You wasting your time. Before you know it a month has passed and the you wake up and realise they caught you. Why do their results show good on their website until they sell live to the public then the results are pathetic. Coz they not traders. They are sales agents selling robots for a living. Not forex traders. This is how they make their profits. Of hype robots. Not forex trading.
Their results are charts. Not even real mt4 updates.
Non of their results are varified by a 3rd party. Like myfxbook.
Get your money back and wake up. Pipjet is a loser.
Did anyone make any money out of last nights trade?
yep! a massive 2.5 pips! i’m rich!
Well at least you made money Marka!!!! I got zero profit! hahaha
Out of interest Marka are you still using Forex Envy and is it making any money?
i never did actually buy envy jon . results on this site are too good to be true but on demo so not realistic however their results on hotforex pamm account show approx 10% growth a month with lower drawdowns so that would prob be a good bet i think.
Hey mine is working. What you guys moaning about. I got a smiley face watching my money for me all day and night. Its not making me any profits at all but at least I know my money isn’t going anywhere with pipjet.
Wake up guys.
Get your refunds.
Pipjet aint gonna make you financially secure as they claim in their HYPE sales pitches.
Its just a loser like the rest of them out there.
That’s the last I have to say about pipJet.
Rating- minus $40 loss other day. Absolute Zero Rating
Load of Trash.
Hi Walter, what EAs are you using that are making money at the moment?
Hi
I manual trade.
But the ea I use I will open an MT4i Results page and give you details.
I will open a new account and run it for 2 weeks so you can all see and follow the results.
It won’t be professional for me to say which ea I use on this blog.
But I’d show you the results.
Please look again in 2 weeks ok.
Thanks.
Hi Jon M
I manual trade.
But the ea I use I will open an MT4i Results page and give you details.
I will open a new account and run it for 2 weeks so you can all see and follow the results.
It won’t be professional for me to say which ea I use on this blog.
But I’d show you the results.
Please look again in 2 weeks ok.
Thanks.
Hi Walter, looking forward to your EA. Hope there is a way to know which EA is engaged?
Thxs a lot
Hi Walter, that would be great to see, many thanks
I ended up getting a refund on this. MY Rating is Minus 2.
I will continue to investigate EA’s as the idea of auto profits will one day become a reality but….
I have now established my manual trading system which is doing great : Actual percentage profit is more than shown. I had a bad broker execution of $17, which they reimbursed but shows as a deposit and screws the gain percentage. If anyone knows a way of fixing this I’d appreciate it. At time of writing 13% up in 2 weeks. As I gain confidence in my system I am gaining more.
http://www.myfxbook.com/members/ChilliBear2012/chilliebear-hotfx-2012/340332
CAM – If I continue like this I will be in touch about sharing my system.
Happy Pipping
Woo Yoo! Another trade…. $1.90 profit. Not $190…. $1.90. You’re telling me there is still a chance
Well done with the massive profit Alex. Using Alpari uk i didnt get any trades!!
With all these wonderful robots. I selected 1 that always goes into drawdown heavy and losing most trades.
I had it decompiled and the signals reversed. So when its supposed to buy, it now sells and vice versa.
I got it on test at the moment. So I’m trading “the otherside”. Will let you all know if it proves good or fail.
Will run for 2 weeks.
Regards
Walter
Hi Walter, fingers crossed it works! I always thought that it would be a good idea to try doing that with an EA
didnt take long for the first new version to be released!!!!
why is that most eas take such puny profits with huge sl’s. any day trader would never accept worse than a 1 to 1 RR ratio!is it really so difficult to write a decent ea?i beieve i could make good money from trading if i could get some software that lets you place multiple trades with preset tp and sl at a particular time just like auctionsniper does on ebay,does anyone know how to do this?
Hi Marka. I guess its so they can boast about a high success rate in there over hyped sales pitches! drop me an email. i have a piece of software you might like to test with a couple of EAs. jhmarran@aol.com
Ok Jon M, I got a better one for you…… today, 1 trade. A whole awesome $0.39 profit. At this rate I will retire in about 300 years. I hate to be so sarcastic but maybe it really is just a bad slew of a trading range. It is noted on the PipJet website that a newer/more updated version is available. I will update PipJet to the now, version 1.01 and give it a shot. Maybe profit will go up… hopefully not down. Happy trading….
Alex G
one trade last night and a profit of £1.05 (one pound and 5 pence) if i had doubled the profit i could have bought a coffee as starbucks
I am gonna give the 1.01 a try on a small live account but i can say that my current good fortune with a doubling of a $200 account has come from a combination of well researched manual trades and an aggressive scalp setting from forex hacked. It some times does very dumb trades and has heavy draw down but consistently predicted the reversal that i never saw coming at all so i let it do its thing but on a short leash lol and its been working out well. anyone else sees the upcoming EUR/USD reversal thats being heralded by smart money manipulating and pushing the price down inspite of good recent news? I’m long from 1.27 down, wont be fooled again.
Vernard, how long have you been using Forex Hacked? Just curious because I’ve heard great things and also, so-so comments as well. Happy trading
alex g
About 2 months. If i let it trade without intererrance it makes bout $50 per day. If only I could resist that itch lol
Another sparkling night for Pipjet!
… I hear ya, Vernard. Thanks man, I’ll keep my options opened and possibly look into Forex Hacked. Jon M, so…. I got another trade from Pip Jet last night for a totally awesome $1.47. So what will happen is that I will up my lot size and then the next trade will be a huge loss, lol. Maybe I’ll hold off on the uping for now. Happy Trading
alex g
Hi Alex g, at least you made a profit, mine closed at a small loss!!!!!!
Awsome another 1 pip gain last night!!!!
Another massive profit last night! just enough to buy a cup of coffee!!!!
There latest email sales pitch:
Why are we complaining:
There’s got to be a very, very good reason why you haven’t picked up a
copy of PipJet yet. After all, knowing full well that it’s been trading up
a storm all this time…
…you’d have to be insane NOT to want to get in on the action!
Maybe you haven’t been keeping tabs on our live accounts…go have a
look at the trades on account #3 and you’ll see what we’re talking about!
pipjet.com
If history is anything to go by, we’re going to be seeing a drastic increase
in trading activity over the next couple of months, so now is
DEFINITELY the time to climb aboard the PipJet train!
You’ll no doubt notice that PipJet has been rather selective over the last
month. Better no trade than a losing one right?
That’s the power of our trading logic at work!
Like we mentioned before, we’ve got nothing to hide, our EA’s logic is
fully disclosed here:
pipjet.com
Everyone who joined us during the PipJet launch has already paid for
their investment several times over.
… I like the section that states “Pipjet has been rather selective over the last month…. better no trade than a losing one right?”
Yes, I agree but also disagree. That’s like saying… Buy this $100K car, oh but it has no engine. It’s better to have a $100K car with no engine than not having a $100K car at all. Right?
Well i dont think pipjet is going to make us rich!! Its a great sales pitch though, it worked on me
Hi Cam, whats your opinion of Pipjet at the moment?
I wonder it they are keeping it ultra conservative for the minute to get through the launch refund period and then they’ll ease it up a bit. Alternatively they have just choked it to death to reduce losses and in turn reduced the chance of profit. I must say, MD is much more active even though you need to be patient with it. Either way, if it doesn’t hit green soon we can all say “goodbye” to this site… I’m a man of my word!
dont even think of closing this site due to this crap ea.no-one can always predict the markets well ,let alone predict the performance of an ea based on a previous effort.look at mdp.how many people rushed out and got ffm.what a load of rubbish that was!
Thanks for the support Marka, might have to do a poll to see if there is other support out there if it comes down to it
Hi Cam, Do you think that there trading lodgic is sound? Nothing makes money all the time and like Megadroid its the long term thats important
I think it’s sound… could be just too conservative in the current market conditions… rather that than losing it guess.
PipJet is not worth shutting your site down over. They all talk and no action.
We need your site up so we can separate the good from bad.
You do a lot of justice with your site up.
You have my support.
Keep up the good work.
Find us a holy grail.
Thanks for the support Walter!
You have my vote. This site is great. We can all post the truth here. If they can’t handle the truth better release something that works.
Anyone else got 2 trades on now in drawdown?
Another break even trade, a lot of stress and not enough profit for a cup of coffee!!!!!
you really like your coffee jon,i’ll buy you one next time i’m up your way!
Hi Marka, I like coffee, but love champagne, trouble is pipjet is just about paying for the froth on my cappuccino, let alone anything better!!! Still keeping my fingers crossed things improve and in the meantime trying to do the sensible thing and learn to manual trade! lol
It is a very well thought out Bot – However, the Gods may be Angry at present – MillionDollarPips went flat last Christmass,about,also – have to wait and see on this one – it may be another Megadroid that should be worth trying if PipJet stays flat due to a bad market.