PipFinite EA Trend PRO is a trading solution that was designed by Karlo Wilson Vendiola. The system was released to the MQL5 community. We can download it for demo use for free.
Features
The robot has a quite short presentation that includes some relevant information. We have gathered it in the following list.
- It can be used automatically on a terminal.
- The system works on the MT 5 terminal (MT 4 version is also available).
- We can customize settings however we want.
- The following parameters can be changed: Entry and Exit Filters, Higher Timeframe Filter, Stop Loss, Takeprofit, Breakeven, Trailing Stop, News Filter, and others.
- The system lets us become better traders.
- It grabs all trading opportunities.
- The default settings aren’t customized.
- The built-in “Trend PRO indicator algorithm is inside the EA.”
- We can get started with $50 on the account.
- The money-management system is applied.
- It places SL and TP levels for us for every open trade.
- There’s a trailing stop feature to fix profits.
- “RSI Filter – avoid opening trades on overbought and oversold conditions.”
- “MACD Filter – open trades on specified MACD conditions.”
- We can choose a trading session to work with.
- The system includes a Martingale strategy.
- There are various notifications like pop-ups, email, and push.
How to start trading with PipFinite EA Trend PRO
The system can be purchased for $198. There are two rental options. A one-month rent costs $98. The annual subscription is available for $158. We can save 87%. There’s a demo copy of the system available.
Backtests
We have a chart from a backtest report provided. According to it, the system is a pure scam. We can see how deep these periods of losses are. We may note how it tried to recover using Martingale.
Verified trading results of PipFinite EA Trend PRO
The dev decided to reveal current trading results to us. The system was set to trade automatically on RoboForex with 1:500 leverage on the MT4 platform. The account has a verified track record. It was created on August 01, 2021, and deposited at $200. It’s not big money to lose. Since then, the absolute gain has become -13.79%. An average monthly gain is -7.36%. The maximum drawdown is 24.81%. The account is not popular to track.
The system has closed 110 deals with 12.9 pips. An average win is 20.01 pips when an average loss is -14.73 pips. The accuracy rate for longs is 42% and 42% for shorts. An average trade length is 12 hours and 29 minutes. The profit factor is low – 0.84.
GBPUSD isn’t profitable at all.
The advisor works with high risks. There is a 99, 99% chance of losing 10% of the account balance in case of 6 consecutive losing trades in a row.
The system can easily lose over five orders in a row.
We may note that the advisor couldn’t close any month with profit.
People feedback
We have a testimonial about the negative experience of using this advisor.
Is PipFinite EA Trend PRO a viable option?
Advantages
- Rental options provided
Disadvantages
- No risk advice given
- No settings explanations provided
- No backtest reports shared
- Horrible trading results
- No refund policy supported
Summary
PipFinite EA Trend PRO is a scam trading solution that works on a real account with no success. The presentation couldn’t convince us that the developers know how to recover after these losses. So, it’s not the right time to use this system.
