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Pips 4 Idiots


vinnie

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Is this one of the greatest EA's ever created or one of the best marketing hypes i have ever seen ?

 

Someone please share this EA so we can thoroughly test it to find out for ourselves !

 

Decompiled / Educated version please so we can have a look at the code !

 

 

Cheers

Edited by theozaki
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Here you go guys...enjoy...:D

 

http://www.mediafire.com/?zbv4e4dptvcf2yv

 

Thanks, is it educated?

 

I don't have a lot of faith in it, Looks like it closes trades on about 3 pips. At least on his so called live real money accounts.

Also near the end of his website there is a video that says it is a real live account, but it only trades the EurUSD, which would indicate to me that it is a backtest.

On his other accounts he trades several different pairs, including EurGBP, and EurJpy.

So I suspect there is a bit of an honesty issue with this one.

But don't you just love that website? :)

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I found 5 minutes seemed to have it trade.

 

225 SL + 15 TP. Nasty.

 

Its demarker + momentum + stochastics on 4 hours to get direction to trade.

 

really basic EA, one you would create as your first attempt at coding.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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Ok I realise it is a huge SL but and a 15 pip TP but on his website, it closes trades after 3 pips, and the SL never goes anywhere near 200, so a question for coders, does it have some logic that sets the SL and TP different.

 

In my tests it eventually did. I cannot emphasise enough. Don't use or even consider using this EA.

 

It is like using a ticking bomb as a metronome.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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