Tuesday, November 27, 2012

Green Pip EA - Green Means Go!?

Hi all, I saw this one in my inbox today so I thought I would share this with you. The name of this one is Green pip EA. The website is clean and easy to navigate. The website explains the strategy as follows:

"Greenpip EA is a Forex MT4 EA which works with a combination of strategies mainly with the idea of opening small trades but in large numbers. The EA can perfectly diversify the trades over various currency pairs and therefore diversifies the risk as well. Greenpip also offers a variety of external parameters which gives user flexibility of managing their trades based on their preferences."

So it sounds like it is a basket type strategy aiming for a certain specified profit gain. There are no backtests at all available on the webpage. But the vendor has set up a small live account that proves that this trades in "large numbers" The account starts with $100 capital about 5 days ago and has already taken 76 trades. Interestingly the vendor has disabled the "open trades" tab for some odd reason. The trading stats up to this point are really nice, but this is a small sample size. This has traded 5 different currencies to date with a profitability of 84% from those 76 trades which is good. Also the profit factor is way up to over 13. We can follow the live account by clicking here

There is not much more to report on this one, but I can say that it is off to a great start. There are three price points for purchasing this one. There is a basic, silver, and gold. The basic is for 1 real account, silver is for 2 accounts and the gold is for 3 real accounts. The pricing is $299, $500, and $649 respectively. There is no mention of a possibility of refund.