A presentation of 5 Pips A Day Forex Robot starts with a scam-like logo with money. Many vendors use the header like that to attract the attention of people who don’t know what Forex is.
5 Pips A Day Forex Robot: Characteristics
Everything we have about the robot, the developers united in several sentences. We found everything we need to tell you about it.
- The EA is a fully automated trading system.
- The system works on the MetaTrader 4 platform.
- The package is featured by a PDF manual and user guide.
Currency Pairs, Strategy & Timeframe
- The 5 Pips A Day Forex Robot trades only one symbol – EUR/USD.
- It trades on the quickest time frame – 1 minute.
- The robot doesn’t use any risky strategies like Grid, Martingale, or Hedging strategy.
5 Pips A Day Forex Robot Trading Performance
There’s a backtest performed using Quant Analyzer. It’s a EUR/USD on the M1 time frame backtest. An initial deposit was $1000. The total net profit was $350.7M or 18809.2 pips. It has been running for almost ten years since 2010. The robot performed 3763 trades with quite a high “profit factor” (6.84) and an incredible win-rate (96.6%). The maximum drawdown was 5.4% that’s little as for a scalper.
An average win row was almost 30 deals.
Instead of 3rd-party verified trading results, we’ve got this report where the win-rate is 97% in closed 383 deals. Of course, it’s fake because the initial deposit was $100k, and the Profit Factor was sky-high (16.72). A maximum drawdown was 3.41%.
There’s also an onsite screenshot of someone’s trading results. We’re 100% sure it was a demo account. If it was a real one, we have a link on it, and it would be online. An account gain was +280.32%. An average monthly gain was 68.68%, with a huge maximum drawdown (54.99%). There are high chances that the robot traded with 20-30% risks to the account balance. Like many fake accounts, this one is tracked by only one user.
How much does it cost?
The 5 Pips A Day Forex Robot’s price is $100 for one real account license. The vendor didn’t write anything else. There’s a 60-day money-back guarantee, but looking at the 1998-designed site, we have big concerns about the refund policy.
Reviews from customers
Half of the site takes fake comments.
No one shared his or her screenshot of successful trading results.
Should You Use 5 Pips A Day Forex Robot?
|No pros||No settings explanations provided|
|No additional strategies details provided|
|No team revealed|
|No trading results provided|
|Fake screenshot of trading activities provided|
|Package and features weren’t explained|
|Fake comments take half of the site|
|No social network pages were created|
|The site looks 20-years old|
The 5 Pips A Day Forex Robot is 100% a scam. We have no doubts about this. What do we know about it? Absolutely nothing! We didn’t see anything excluding one single backtest. If the developers truly wanted to convince us they’d share detailed settings explanations, information about during what market the EA scalps, what RIO levels we should expect, what risky strategies can be applied with this scalper. Of course, 3rd-party verified trading results would be great. It’d allow us to check all details and come to our own opinion about the EA. So, we don’t know if the EA is able to be a profitable, fully automated trading solution.