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PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
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P.S. This message is hidden if you register! | | Review FAQ Questions about the robot reviews, ratings, processes, and policies | 
2009-02-21, 02:31 PM
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#1 (permalink)
| | Pip Chief of Police
and Site Owner |  FAQ: Which robot is best?
People often ask me "Which Forex robot is the best?" Obviously, you need to decide for yourself.
There are many robots under review, and many have good results. However, there are also many that crash after a few days, weeks, or months. Therefore, you should at least follow the reviews for a few weeks, if not months, and see if a robot seems to be working.
If you do decide to go live, you should only do so with a tiny account. Personally, I won't risk more than $250 on a new robot on a live account. I expect to lose all my money when I go live with a robot, and you should too, until you have the settings right and are sure it is working well for you. Once you have gone live and have figured out all the settings, and everything has been successful for at least 3 months (or more!) then you can add more money.
So, bottom line? Do your homework and be careful! | 
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2009-08-01, 08:54 AM
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#2 (permalink)
| | New user
Trader for 0 - 1 year
Location: BANGLADESH
Posts: 4
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Dear sir
I want to buy fapturbo robot . is it a scam free product? CAN ANYBODY HELP ME | |
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2009-08-01, 02:31 PM
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#3 (permalink)
| | Pip Chief of Police
and Site Owner |
Did you read the FAP Turbo review and examine the statements? I don't think it makes very much money on the default settings. | |
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2009-08-02, 01:22 AM
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#4 (permalink)
| | New user
Trader for 0 - 1 year
Location: BANGLADESH
Posts: 4
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Dear sir
Where is the link of recent result of fapturbo? what is default settings.? Which robot i can buy with expert human advisory. can you help me? | |
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2009-08-02, 03:04 AM
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#5 (permalink)
| | New user
Trader for 0 - 1 year
Location: BANGLADESH
Posts: 4
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Dear sir I saw megadriod robot. is it a scam? Will i buy it. expert assistance needed | |
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2010-03-31, 12:56 PM
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#6 (permalink)
| | New user
Trader for 2 - 4 years
Location: El Dorado, AR
Posts: 1
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If you don't have some sort of ranking system, what is the point  ?? | |
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2010-05-11, 01:16 PM
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#7 (permalink)
| | New user
Trader for 1 - 2 years
Location: NY
Posts: 1
| Forex Tracer
Hi all, Has anyone tried the Forex Tracer? I visited their site and read this review, but is there anyone out here who has actually tested this product out and can attest to its effectiveness? Thank you, Thomas | |
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2010-05-17, 12:50 PM
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#8 (permalink)
| | New user
Trader for 0 - 1 year
Location: Florida
Posts: 3
| New to the forex community...Which robot is the best??
Hello. I'm new to the forex community and I've been looking at purchasing a robot. I've done many hours of research (ivy robot, fap turbo, etc), but still not sure which one to purchase. Any thoughts? Any advice is much appreciated...
Thank you,
Ryan
Last edited by forex1412; 2010-05-17 at 12:52 PM.
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2010-05-17, 03:06 PM
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#9 (permalink)
| | Site Supporter
Trader for 8 - 12 years
Location: Southwestern Ontario, Canada
Posts: 1,777
My Trading Journal
Trading Live with:
Forex Hacked(Copier)
|
Quote:
Originally Posted by forex1412  Hello. I'm new to the forex community and I've been looking at purchasing a robot. I've done many hours of research (ivy robot, fap turbo, etc), but still not sure which one to purchase. Any thoughts? Any advice is much appreciated...
Thank you,
Ryan | Hi Ryan and Welcome,
Take a look and ask what EA's people are running on their live accounts, for how long and with what broker . Concentrate on the people that have trustworthy proof. There are a lot of people talking, saying a lot with absolutely no evidence.
Backtests and demo accounts don't mean much. They are just very basic indicators. The real test is a live account.
For my part, I am and have been trading MegaDroid and The Channel Scalper on my live account for many months. Take a look at my trading journal. Links to verified trading accounts are contained in post number one and also in my signature.
Good Luck,
Rick | |
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2010-05-17, 05:22 PM
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#10 (permalink)
| | New user
Trader for 0 - 1 year
Location: Florida
Posts: 3
|
Quote:
Originally Posted by rsmereka Hi Ryan and Welcome,
Take a look and ask what EA's people are running on their live accounts, for how long and with what broker . Concentrate on the people that have trustworthy proof. There are a lot of people talking, saying a lot with absolutely no evidence.
Backtests and demo accounts don't mean much. They are just very basic indicators. The real test is a live account.
For my part, I am and have been trading MegaDroid and The Channel Scalper on my live account for many months. Take a look at my trading journal. Links to verified trading accounts are contained in post number one and also in my signature.
Good Luck,
Rick | Thank you Rick. I really appreciate the info. Just reading the postings, you're not the first person to mention the positive results with the Megadroid, which I like to see that. I was leaning towards the fap turbo, but I wanted to do a lot more research before making a decision (have been screwed in the past). Obviously you recommend the MegaDroid over the fap turbo? Does the megadroid run on its own as well? I have zero experience in the forex market.....
Thanks again,
Ryan | |
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