PipFinite EA Trend Pro is the automated expert advisor that uses the PipFinite Trend Pro indicator. It utilizes user customizations for its trades. The FX EA assures efficient and accurate trades. Karlo Wilson Vendiola is the developer of this EA. He is from the Philippines and has 7 years of experience in trading with 20 products and 7 signals to his credit.
As per the Pipfinite website info, the company has been creating products since 2015 and boasts of products that do not repaint, recalculate or backpaint. While the vendor does not provide a location address or phone number, support methods offered include an email address and message via Telegram.
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PipFinite EA Trend PRO overview
As per the developer, this FX EA is a flexible system where you can customize the settings as per your style of trading. Some of the features that the developer highlights for this product are:
- Integrated Trend Pro indicator algorithm.
- Multiple filters that include entry, exit, time, session, and news filters.
- Automated money management settings.
- Varied SL and TP choices.
- Use of custom percentage for partial closure of traders.
- Options for breakeven and trailing stop .
- Optional Martingale method.
- Alerts sent via email, popups, and push notifications.
This FX EA works on any timeframe and supports stocks, metals, crypto, and indices besides currency pairs. The developer claims that it is fully customizable ensuring users use the strategy they want.
This FX EA is available for $198. Rental options are present which include a one-month rental costing $98 and an annual rental costing $158. A free demo account is present. We could not find details of the features available with the package. Further, there is no money-back guarantee which makes us suspect this is an unreliable product. When compared to the price of competitor systems, this EA is not expensive.
How it works
As per the developer, the FX EA works on based on user preference. When you purchase the product, you can choose the settings from the different filters, optional features, and others. With the default settings, you do not get any optimization. The developer claims that the lack of optimization is to demonstrate how the system works without the filters. A minimum balance of $50 is sufficient for trading this expert advisor.
There is no mention of the strategy the developer uses for this EA. He claims that any desired approach of the customer can be used as the software has flexible settings. The lack of strategy explanation raises a red flag for this EA.
Below are screenshots of the real trading results of this EA using the RoboForex broker and the leverage of 1:500. The real USD account uses the MT4 platform.
From the trading stats, we can see the account has suffered a loss of 25.26% with the daily and monthly losses being 0.45% and 12.49% respectively. A drawdown of 27.89% is present for the account which was started in August 2021 with a deposit of $200. A total of 128 trades have been completed with 43% profitability and a profit factor value of 0.77. From the trading history, we can see the lot size used varies between 0.01 and 0.02. The high drawdown and low profitability indicate the approach used is risky resulting in the dismal performance of the EA.
We found a few user reviews for this FX EA on the MQL5 site. Here is a screenshot of the review.
From the review, it is clear that the strategy tester results and real trading results are not good. The feedback corroborates our assessment of the ineffective approach and poor performance.