Pip Finite EA is built to trade the signals provided by its own indicator. The robot is flexible and comes with multiple inputs such as stop loss and take profit that can be adjusted. The algorithm was introduced to help automate the trades for those who have difficulty following the signals from Pip Finite indicator manually.
How Pip Finite EA Trend PRO works
The robot requires the following steps to work properly:
- Purchase the system from the MQL 5 marketplace
- Login to the MQL 5 community on the MT 5 platform
- Head over to the market tab and download the product
- Enable the auto trading button and add the robot to the charts
Vendor transparency
Karlo Wilson Vendiola is the author of the product who resides in the Philippines. He has a total rating of 4.8 that is based on 4662 reviews. The developer has 20 products published on the MQL 5 marketplace and has one subscriber for his services. He has over seven years of trading experience. There is no other information on the programmer, and he chooses not to share anything that can verify his record.
Features
The EA has the following features:
- It comes with a built-in indicator
- It can trade with as low as $50
- It has automatic money management built within
- It uses trailing stop loss, take profit, and break-even options to profit
Applied strategies
The developer states that the robot follows the signals from the Pip Finite indicator built within the algorithm. He does not share further information so we head over to the live records on Myfxbook. Looking at the history, we can see that it can trade on GBPUSD and GBPJPY. There is no stop loss or take profit attached. The average holding duration is one day.
Backtesting results are available for multiple currency pairs and different time frames. On the EURUSD H1 chart, the relative drawdown was around 31.73%. The winning rate was 60.56%, with a profit factor of about 1.51. The test was done on an unknown time frame with a starting balance of $2000. The robot tanked an average profit of $6317.826 during this period. There were 479 trades in total. The best trade was $365.49, while the worst one was -$443.38.
Pip Finite EA Trend PRO trading results
Verified trading records are available on Myfxbook that show performance from Aug 01, 2021, till the current date for monthly sets. The system made an average monthly gain of 1.78% during the period, with a drawdown of 24.81%. The stated drawdown is high regarding the monthly gain, showing that the robot loses nearly a quarter of the capital. The winning rate stood at 41%, with a profit factor of 1.04. The best trade was $21.45, while the worst was -$10.12. There were a total of 32 trades. The developer made $200 in deposits and $0 in withdrawals.
Pricing & refund
The robot is available for $198. Traders can also rent for one month or for one year for $98 and $158 respectively. Unfortunately, there is no money-back guarantee provided.
Other notes
Customer reviews are present on the MQL marketplace. A trader states that there are multiple settings that the robot can work with, which makes it hard for him.
