Product Information

This entry is reserved for our review of Pips Raider. This is a forex EA that will be sold on Plimus for $77. They will most likely offer a refund policy of 60 days money back guarantee.  There has been much hype for this system in the forex industry so only time will tell how successful the EA will end up being.

Update: Now that Pips Raider has been out for some time we’ve had some time to evaluate and assess the system and EA.  It appears that the EA is a type of gap trading EA.  The backtest on the homepage, if studied carefully, you’ll notice has only 25% quality – laughable.  The Pips Raider EA has an atrocious risk to reward ratio with a 5 pip take profit and a 100 pip stop loss.  With a 5 pip take profit and a 100 pip stop loss ANY trade entries could be profitable, it really just boils down to getting lucky.  I don’t think any serious trader wants to leave their forex account to luck…

If you’re going to give Pips Raider a try, we suggest you use Pepperstone’s Razor account (Spreads as low as .1 pips! With commissions of course).

Full disclosure: Yup, we are paid for each trade you place with Pepperstone.  If you’d like a rebate on our commission send us an email and maybe we can work something out.