Tip Toe Hippo provides algorithmic trading services and shares its results on verified live trading accounts. On the official website, the vendor hasn’t shared adequate information about this system, so we don’t have a list of features or an explanation of how the EA works.
There is a video showing the Quarterly results review from May to July. The devs also have a Dev Blog section where traders can find videos for trading tips and instructions on how to use a trade simulator. Looking at the half-hearted presentation, we are not too impressed and our expectations from this robot are quite low.
There is virtually no information available on the parent company behind Tip Toe Hippo. The vendor hasn’t shared the official address, so we don’t know where it is based and the details of the development team have not been revealed. We have contact information in the form of an email address and a link to a Discord channel.
Features
According to the live trading profile on Myfxbook, the robot trades in GER30, JPN225, and US30. While there is a lot of general information in the blog section of the website, the vendor has not properly explained how the system functions or what features it offers. Both novice and seasoned Forex traders look to gather the maximum possible information on a trading system before investing in it, so this comes as a massive disappointment.
Another major red flag is the lack of strategy insight. It is important for a trader to know what strategy the robot is based on. There is no one strategy that fits all, so EA vendors should always explain the trading scheme in brief, which helps traders understand whether the EA would fit their trading style and daily schedule. Without strategy insight, we can’t accurately gauge the system’s profitability.
How to start trading with Tip Toe Hippo
There are three monthly subscription packages for Tip Toe Hippo. The 1-month subscription plan costs $50, while the 3-month and 12-month plans are priced at $100 and $250 respectively. Monthly charges for the last two plans are less compared to the 1-month plan. The vendor recommends signing up for the longer subscriptions citing the reason that the system’s performance is measured over the long term. You can complete your payment via PayPal, Visa, Mastercard, or bank transfer, but unfortunately, the vendor does not offer a money-back guarantee.
We don’t know the minimum amount required to get started with this robot, but for the live account, the vendor uses an initial deposit of $5000. This account also uses 1:200 leverage for trading. There is no information on the EA settings and the vendor has not shared any recommendations as such.
Backtests
We have the 9-year backtesting results for Tip Toe Hippo but they are not presented in the proper format. Usually, EA vendors share the results in a format where we can see important parameters like profit factor, win rate, relative drawdown, initial deposit, total profit, etc. They could have used charting software for creating this, so we cannot consider the results authentic. The vendor claims the maximum historical drawdown was 15%, but there is no way to verify this.
Verified trading results of Tip Toe Hippo
This is a live trading account on Myfxbook that was launched on May 09, 2021. Thus, the account has only been active for a few months, which makes it difficult to base the profitability of the system on its performance. To date, the EA has placed 133 trades through this account, managing a win rate of 53%, which is quite mediocre compared to other systems.
As we can see from the trading history, the EA has suffered consecutive losses in the live market. Thus, we can assume that it uses a high-risk strategy.
Customer reviews
At this moment, there are no user reviews for this robot on third-party websites. This indicates a lack of reputation.
Is Tip Toe Hippo a viable option?
Advantages
- Verified trading results
Disadvantages
- Lack of vendor transparency
- Lack of strategy insight
- Short trading history
Summary
Tip Toe Hippo is an EA on which there is hardly any information available. The vendor is not at all transparent, and the entire thing smells like a scam. They have failed to share proper historical data and there are no customer reviews. Also, the live account has a short trading history and a low win rate.
