Forex Pip Shooter Review: Things to Consider Before Investing

Forex Pip Shooter

Forex Pip Shooter is a trading advisor that provides everyone with the possibility to be profitable on the Forex market. The presentation looks medium informative and provides some information about the system in general. The site is operated by Make BS Ltd. We know about this from the article that is dated by December 09, 2018. 

The highlights of Forex Pip Shooter

Let’s talk about features, settings, and provide details to have a clear view on the robot and its performance.

  • The presentation provides us with information that the system can execute orders on our terminal completely automatically.
  • There’s a technology called Pip Shooter that is unique.
  • The system is easy to use and doesn’t require us to put much effort on it.
  • The market moves let us get all possible profits.
  • It works without human emotions on our terminal.
  • The advisor uses indicators data from the MT4 terminal.
  • We can work on the same terminal with the system without problems.
  • Trading is possible on 28 trading pairs at once.
  • The system works with the self-built levels of support and resistance to understand where the market will go.
  • It uses breakouts, rebounds, and correlations.
  • It’s a highly frequently traded software.
  • The site provides us with a profit calculator.
  • We may rely on the safe orders execution on our terminal.
  • The system can automatically adapt the performance to our needs.
  • The advisor provides us with the best possible trading experience.

The devs think those features make Forex Pip Shooter a reliable trading tool for Forex traders:

Money management

The advisor can cover all placed orders with relevant SL and TP levels to protect our account from significant market moves.

Drawdown control

The robot works with less than 10% drawdowns that are good for conservative trading.

Trading strategy of Forex Pip Shooter

  • The advisor works with a price action strategy.
  • We can work with all cross pairs.
  • Most likely, trading is allowed on all time frames.

Forex Pip Shooter reports

The presentation isn’t featured by any kind of backtest reports. It’s a significant disadvantage because we don’t have the final report that would explain us details about the win rate, profitability, risks, and so on.

Trading results in real time

Forex Pip Shooter trading results on Myfxbook
Forex Pip Shooter trading results on Myfxbook

We have verified trading results of Forex Pip Shooter. The advisor trades automatically on IC Markets with 1:500 leverage. It receives data from the MT4 terminal. The account has a verified track record. It was created on December 09, 2020, and deposited at €1001.06. Since then, the absolute gain has amounted to 26.23%. An average monthly gain is 1.61%. The maximum drawdown is 9.34%. We have a single investor who tracks the trading results.

Forex Pip Shooter statistics
Forex Pip Shooter statistics

The system traded 160 deals and obtained 3,321.9 pips. An average win is 50.16 pips when an average loss is -59.24 pips. The win rate is 75% for longs and 71% for shorts. An average trade length is five days. The profit factor is 2.29. 

Forex Pip Shooter trading pairs
Forex Pip Shooter trading pairs

We may note that among many pairs there are several ones lost.

Forex Pip Shooter risks
Forex Pip Shooter risks

The advisor works with medium risks. There should be 24 deals lost to lose 10% of the balance.

Forex Pip Shooter closed orders
Forex Pip Shooter closed orders

We don’t know with what lot sizes the system works.

Forex Pip Shooter monthly activities
Forex Pip Shooter monthly activities

This year profitability is low.

Forex Pip Shooter price

The system is available for €800 for a single real account copy. We have no idea what features the package includes and how many demo accounts there are. Also, there’s no money-back guarantee supported.

Customer support

We have an average support among the other developers on the market. It’s possible to get our questions answered within several hours. 

Are traders happy with Forex Pip Shooter?

We don’t know about this for sure because we have no testimonials written.

People say that Forex Pip Shooter is …

The presentation isn’t featured by any kind of testimonials that would convince us that the system is good or bad.

Forex Pip Shooter

Forex Pip Shooter
2 5 0 1
Forex Pip Shooter is a trading solution that works and makes profits on the real market. The presentation or other sites don’t have testimonials written. So, we don’t know if the system works that well on clients’ accounts. At the same time, the offer is overpriced and it doesn’t include any kind of refund policy.
Forex Pip Shooter is a trading solution that works and makes profits on the real market. The presentation or other sites don’t have testimonials written. So, we don’t know if the system works that well on clients’ accounts. At the same time, the offer is overpriced and it doesn’t include any kind of refund policy.
2/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    1/5 Awfully
  • Customer Testimonials
    1/5 Awfully

Advantages

  • Trading result shown

Disadvantages

  • No team revealed
  • No risk advice given
  • No money management advice provided
  • No backtest reports provided
  • The robot started working with bigger drawdowns
  • No people feedback written
  • No refund policy supported
Total
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