Tip Toe Hippo is a Forex expert advisor and trade copier service that promises a monthly return of 5%. According to the vendor, this system uses advanced mathematical and statistical techniques to help you beat the market.
We don’t know much about the parent company behind this EA. The vendor has not shared the official address of the headquarters and we don’t know when it was founded. There are the details of the team members, but we only have their first names and some of the pictures are missing. Thus, there is no way to verify the information provided. There is a lack of vendor transparency for this robot that we consider a major red flag.
The highlights of Tip Toe Hippo
As per the presentation on the website, these are the main features of this trading system:
Average monthly return of 5%
Although the vendor has highlighted this feature on the official website, they have failed to back it up with facts. On the live trading account, we can see that the average monthly profit is only 3.09%. Therefore, this is a false claim.
According to the vendor, the robot trades with low risk while keeping the profits stable. They have claimed that since May 2021, the maximum drawdown has been less than 6%. This again is a false claim, as the live account has a drawdown of 11.77%.
Advanced mathematical and statistical methods
Apparently, this robot uses certain mathematical and statistical techniques to develop automated strategies. Now, the vendor has not properly explained what these techniques are. Therefore, we cannot determine whether they are effective or not.
Trading strategy of Tip Toe Hippo
You can start with a balance of $5000 when the risk is low. If you wish to increase the risk, you can use $1000. Tip Toe Hippo is compatible with the MT4 trading platform. It does not use martingale and grid strategies and the vendor recommends using a VPS along with it.
There is no proper explanation available for the trading strategy, and this is not a sign of a reliable system. Most traders look for strategy insight in order to determine whether the system will be suitable for them.
The vendor has not shared the historical test results for this system. Since backtests are conducted over a long time period, they expose the robot to various market conditions. Without them, we cannot analyze the long-term performance of this robot.
Trading results in real time
After conducting 252 trades since May 2021, the win rate of this trading account is currently at 47%. Compared to other systems, this is quite low. Instead of generating a total profit, the account is running at a loss of $7542.37. It has an absolute gain of -5.17% and a profit factor of 0.76. While the daily and monthly profits are 0.10% and 3.09% respectively, the drawdown is 11.77%.
As you can see from the recent trading history, the EA has lost most of its trades. Clearly, it is following a risky strategy. Looking at the results, we don’t think this is a safe Forex trading system.
Tip Toe Hippo price
There are three distinct plans for this Forex. You can get the monthly, quarterly, and yearly plans for $99, $199, and $499, respectively. All of these plans give you instant access and continued support. The vendor offers a 30-day money-back guarantee for this robot.
The official website has a live chat feature that you can use to get your issues resolved. Alternatively, you can join the Discord channel if you have questions about the system.
Are traders happy with Tip Toe Hippo?
The Trustpilot website only has five reviews for this Forex EA, while on Forexpeacearmy, there are no reviews. Therefore, it is abundantly clear that this robot does not have a stellar reputation in the Forex trading community.
Tip Toe HippoTip Toe Hippo
Trading Strategy1/5 Awfully
Live Results1/5 Awfully
Customer Support2/5 Bad
User Reviews1/5 Awfully
- Verified trading statistics
- Money-back guarantee
- Poor live performance
- Undisclosed trading approach
- Lack of vendor transparency