Pips Alert trades on multiple currency pairs and claims to provide professional customer support. The service is available in the MT4 format, where traders have to copy the trades manually from the trading application directly on their accounts. An education section aims to educate traders on the currency markets. We will cover the available packages and see if investors should follow their signals on their accounts.
The highlights of Pips Alert
According to the provider, the signal has the following features that set it apart from other algorithms in the market:
A Forex course is designed to educate beginner traders in the initial stages of their trading. There is no need for download as it is available online. It includes more than 450 minutes of videos and practice material to enrich the learning process.
Rewards and affiliate program
The reward program aims at providing free gifts for traders who share their testimonials with the company. It is also possible to earn a commission by using the affiliate program. There is a 10% commission for the trader.
Trading strategy of Pips Alert
The company does not disclose its trading strategy with the traders. We cannot find any information on the topic on the website. From their videos posted on Youtube, we can see that there is some sort of price action employed on the H1 charts. The risk-reward for trades is being kept above 1:1. They are trying to sell at the oversold condition of the market.
The company does not provide any backtesting records for its strategies on the market. Without historical testing, we cannot conclude if they will be profitable in the future. It is also not possible to understand the drawdown value and the best trading conditions.
Trading results in real time
Pips Alert is also not transparent on their live records. We have searched through Forex Peace Army and other performance tracking websites but could not find any information on the topic. Without any proper results, it is impossible to know if the company is profitable.
Pips Alert price
The author sells the algorithm for $59.95 for their Venture X model, which claims to provide 15-20 long-term signals per week.
The Investor X program targets an average of 3k pips each month and comes at the cost of $59.99.
Traders can contact the developer through the support ticket or by filling out a form on the website. There is no live chat service available, and the support hours are not disclosed.
Are traders happy with Pips Alert?
15 reviews on the Forex Peace Army give the signals a total rating of 4.145. A trader says that they show the number of profitable pips in their records, but in reality, they are never in profit. The company is useless and irresponsible, causing him a loss of 10% in one week.
Another trader says that the company is using a poor approach to trade the markets. They advise traders to shift the stop loss away from the entry when it enters a losing position. Pips alert hedges their losses with their own different accounts.
Pips AlertPips Alert
Trading Strategy3/5 Neutral
Live Results2/5 Bad
Customer Support3/5 Neutral
User Reviews2/5 Bad
- Comprehensive education program
- Little information on the strategy
- Lack of vendor transparency
- No proper live records