What does
Pip Cop do?


Go Back   Home > Forums > Forex Robot Reviews > Review FAQ

» Welcome to the Pip Cop - Forex Robot Reviews and forums.
PipCop reviews MetaTrader Forex robots (EA's) in real-time and posts detailed statements every 15 minutes.
We ONLY forward test on real accounts for the most accurate robot reviews!

Be smart! Read the Review FAQ or you WILL lose money!
If you enjoy the site, please let me know by registering or donating! Thanks! -- PipCop
P.S. This message is hidden if you register!
Review FAQ Questions about the robot reviews, ratings, processes, and policies
Reply
 
LinkBack Thread Tools Display Modes
Old 2008-09-29, 08:41 PM   #1 (permalink)
Pip Chief of Police
and Site Owner
 
PipCop's Avatar
 
Posts: 1,197
My Trading Journal

Excellence Robot testing criteria - Icons, colors, ratings: How robots are rated good or bad

COOL TRICKS:

1. Hover over the robot name in the Quick Stats to see detailed information.
2. Hover over the robot icon in the Quick Stats to see it's meaning.

-----------------------------------------------------------------------------------------

Here are the color codes, icon keys, and criteria on EA review performance.

-----------------------------------------------------------------------------------------

Quick Stats:
Balance key:

All robots are ordered by equity (highest to lowest) of their BEST PERFORMING instance (when being tested on multiple brokers).

Balance figures do NOT include the starting balance.

The first number is closed P/L
The second number is floating P/L
The third number is a simple average of profits per day

Example:
EvolutionX
$1,983 · $-1867 · $152/d
This EA has $1,983 CLOSED profit and $-1,867 OPEN (floating) LOSS. Therefore, it's equity is really $116. ($1,983 - $1,867 = $116)

The daily profit ($152/d) is closed P/L divided by number of days since the start of the review, including weekend days.

> TIP: If you hold your mouse over the link, the equity will be shown.

On LIVE robot reviews, the Quick Stats figures are multiplied to simulate a $5,000 starting balance. Click here to see complete details.


Color key:

Black: Demo account
Blue: Live account
------------------------------------------------------------

Special Icons:
30 day profit streak icon:
This is an EA which has made 30+ days of 100% profitable trades with NO LOSSES at any time and has not exceeded 50% drawdown .

New icon:
An EA is considered new if it has been reviewed for less than 30 days.
------------------------------------------------------------

ACCOUNT PERFORMANCE ICONS:
The PipCop Award of Excellence. This is an EA which has been certified by PipCop to be profitable and acceptable for use on a live trading account. This EA has been trading for 12+ months.
Running for 9-12 months and has $3,000+ closed P/L

Running for 6-9 months and has $2,000+ closed P/L

Running for 3-6 months and has $1,000+ closed P/L .

Running for 2 - 3 months and has never gone below the $5000 starting balance.

Running for 2 - 3 months but went below the $5000 starting balance at some point in the past.

Running with 0 - 2 months of activity.

This has been restarted with a new account. Reasons will be posted in the thread. An EA will only be restarted once due to authors providing upgrades, but may be restarted multiple times due to technical issues or setup problems on behalf of PipCop.com.

This EA or it's setting file has been re-uploaded. An upload is allowed only once per EA to allow authors to post updated versions. Settings files may be replaced three times. The same account is being used as what the EA was started with.

Excessive drawdown of 50% to 100% of account balance.

Experienced a sudden closed P/L loss of 25%+ of account balance.

Experienced a sudden closed P/L loss of 50%+ of account balance.

Went 0% to 50% closed P/L below the starting balance.

Went 50% or more closed P/L below the starting balance. This review will probably be canceled.

------------------------------------------------------------

Thread icons (ALL ACCOUNTS):
This robot turned out to be a SCAM and the authors have disappeared, been non-responsive, engaged in deceptive or unfair business practices, or misrepresented their products.

This is an EA which the review was cancelled due to reasons such as software lockups, crashes, or otherwise due to reasons that were no fault of the EA.

At some time during the review MetaTrader locked up. This icon appears after about 60 minutes of inactivity when the statements are not uploaded. The actions taken will be posted in the thread. This icon will remain on the robot until the next significant event changes the icon.

No longer being tested due to the EA expiring, too many updates being required, or otherwise ended testing because the EA is unable to perform.

Has gone 50% or more below the starting account balance during testing or isn't making money. It has been busted by the PipCop and is in jail!
PipCop is offline   Reply With Quote
   
 
Old 2011-08-16, 10:11 PM   #2 (permalink)
Donating member
 
Posts: 1

Default Icons not working

Many of the icons in the post are showing broken, is it my computer? Do I need to download some sort of something to view them?

THANKS
fxbrady is offline   Reply With Quote
Old 2011-08-18, 08:41 AM   #3 (permalink)
Pip Chief of Police
and Site Owner
 
PipCop's Avatar
 
Posts: 1,197
My Trading Journal

Default

The site has some issues with some icons that I have not been able to figure out. I'm very sorry for the inconvenience.
__________________
> Don't get busted by PipCop ... Read the Rules!
> Questions? Please read the REVIEW FAQ first!

> Have a Forex link? Add it to the Links Directory
> How to link your MT4 statement to your profile
PipCop is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes




All times are GMT -5. The time now is 09:51 PM.

Powered by vBulletin ®
Site content and design Copyright © 2010 PipCop, LLC.
Site designed, hosted, and maintained by One Web Ave
Template by vBSkinworks.
Content Relevant URLs by vBSEO 3.3.2