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Pip Brains

pip-brainsPip 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.

lab-results

Test 1: Independent Strategy Testing

Back Test Coming Soon

Test 2: Live Test

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.

fail

2 positive user reviews     1 negative user reviews.


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