Pipbreaker is a Forex-related trading solution that was released under a WeTalkTrade brand. The developers behind this service have a ridiculously bad reputation. The presentation is quite simple and cannot convince us that Pipbreaker is a good choice to generate stable profits.
Features
We have some explanations provided. So, we are here to group them up and explain:
- The indicator informs us when we have to place an order on the market manually.
- We can use it on MT4 and MT5.
- It can be used on any cross pair and time frame.
- There’s a simple interface to work with.
- The accuracy according to the claim should be up to 93%.
- The positive rating is based on 1397 testimonials.
- There’s support provided that is available 24/7.
- It can “safeguard against losses.”
- The system checks all trading sessions looking for opportunities.
- We can customize many default settings.
- We can work with several trading styles: scalping, long term, short term.
- We can improve our skills using it.
- “The design of the indicator is so easy to understand: Green arrow for BUY and Red arrow for SELL.”
- SL levels are adequate.
How to start trading with Pipbreaker
We are allowed to buy the system for $249.99. This offer is three-five times overpriced. The system is delivered with a lifetime license. We can expect that the pack has a license, free updates, and upgrades, 24/7 support, and a user guide.
Backtests
The presentation doesn’t include backtest reports, and this is a huge con because we have no idea what results it achieved on the past data and what broker this data was received.
Verified trading results of Pipbreaker
Checking trading results is the most important part of making a decision about if the system fits our expectations or should be skipped. The devs don’t mind about it, but we could manage to find their trading account to check.
The system worked on a real account on the PaxForex broker automatically with 1:500 leverage on MT4. It was created on October 14, 2020, and deposited USC11,500, and withdrawn at USC200,37. Since then, the absolute gain has become -99.9%. An average monthly gain was -99.68%. The maximum drawdown was 50.89%. The system has ended with blowing an account.
The advisor has closed 22 orders with -4262.1 pips. An average win was 86.22 pips when an average loss was -598.10 pips. To recover after a loss, the system could trade over eight orders in a row. The win rate was 57% for longs and 62% for shorts. An average trade length was over 8 hours. The profit factor was 0.13. It’s a scam.
It has lost everything it worked with.
Most of the trades are opened during European trading hours.
Almost all trades occurred on Wednesday.
The results show that there was high-risk trading.
People feedback
All testimonials are positive. They mentioned nothing about what success people could reach with the system.
These numbers are fake. It’s compliantly moderated data without proof behind it.
Is Pipbreaker a viable option?
Advantages
- Trading results found
Disadvantages
- No team revealed
- No risk or money management advice given
- No backtest reports provided
- Trading results are horrible
- No money-back guarantee provided
- Insane pricing
Review summary
Pipbreaker is an indicator that doesn’t cost its money. The system has nothing to prove that it’s a stable solution. We have neither backtest reports nor refunds provided. We’ve got only a blown account makes us run away.
