Tip Toe Hippo purports to engage in serious trading. So, the devs assure traders that the system can be trusted with a $30,000+ account. A 5+% monthly profit is also promised. This return rate is not attractive at all, given the high amount of investment required. Let’s look at other features of the product in this Tip Toe Hippo review.
The vendor of this EA is anonymous. There is no information whatsoever that can help us know who they are and what they do. The lack of this info creates serious trust issues.
Tip Toe Hippo offering
The robot comes with the following features:
- Trades on indexes; GER30, JPN225, and US30.
- The minimum amount needed to begin trading is $1,000. However, the recommended amount is $5000 if you want to attain satisfactory returns.
- A manual and video installation guide is provided.
- Runs on the MT4/5 platform.
- System upgrades are available.
- Easy to use.
Tip Toe Hippo has 3 subscription options. We have the monthly, quarterly, and annual packages that cost $50, $100, and $250 respectively. The pricing is evidently cheap and hence affordable. A 30-day money-back guarantee is also offered. But is the robot worth it? The ‘trading results’ section will provide more insight into this query.
How it works
Tip Toe Hippo is a Forex robot that implements direct automatic trade copying. As such, it copies real-time Forex signals of other traders. The EA then automatically replicates the positions taken into the account of its clients.
As aforementioned, this robot is involved in copy trading. This also means that it does not receive the layout of the approach from the accounts it copies trades from. In a nutshell, it simply follows the trades blindly. This is disadvantageous, especially for traders who would like to know the specifics of the actual approaches at play. Is trend-following involved? How are gains optimized and risks minimized? Are market reversals paid attention to? Is scalping used? Is focus put on range markets? Etc. These traders will never know.
The image posted is blurry and does not shed much light on the EA’s past performance. In an attempt to explain to us what the above chart means, the vendor tells us that the system underwent a 9 year historical test using true tick data. In the process, a maximum drawdown of 15% was made. We are also informed that the bot attained consistent equity growth over time —including the hold-out period. However, there is no way of verifying this information.
We have a real USD account that runs on the MT4 platform and uses a leverage of 1:200. The EA is generating profits at a slow rate, having attained a gain of 30.17% in under 5 months. In particular, it has been making daily and monthly profits at rates of 0.19% and 5.88% respectively. The good news is that the drawdown rate is low—5.87%.
The system has completed 172 trades with 5,094.20 lots. This lot figure is enormous and could only mean one thing: the account is exposed to many risks. The performance of the trades is also worrying. Only 54% of the long positions and 34% of the short trades have been won.
The table above indicates that the robot made a series of bad trading choices that caused it to suffer many losses for the better part of September.
We could not find any user reviews on the robot’s official website or on trusted third-party websites like FPA, Trustpilot, and Myfxbook.com. Therefore, we don’t know if the EA has buyers yet.