Review of the Pip Brains forex robot.
Update (June 18th 2010) Version 1.1 release! – This is supposed to fix some of the major issues including the discrepancy of results people have been seeing. I will have this up for the start of this week.
10% Off Coupon Code: FBI-RLHI-FBI
Update(April 28th, 2010) – I received word from PipBrains creator that he is completely revamping the system for these new market conditions we are seeing. He says the current conditions will result in in-frequent trading, and up and down results which is exactly what I have seen so far. Well I guess cheers to him for all the effort, will just have to remain patient on this one for now it seems.
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Pip Brains | EURUSD/ USDJPY / EURJPY / AUDUSD | M15 | The brain does what the market will let it do. | Yes | Yes | 40-70 | 80-150 | Pip Brains |
Performance
License
There are two packages available:
Pip Brains Advance Package – Has all settings available to modify including all indicator settings, take profits, stop losses etc… Over 63 variables to play with. Includes an advance settings guide to understand this monster of a system.
Pip Brains Lite Package – Has only the basic settings available to modify like risk, lot size, magic numbers, trading days and a few other basic variables.
Pip Brains is a membership based platform where you are limited to 1 live account, and unlimited demo accounts. but you have the option to purchase additional account use.
- 1 extra account for $159.9
- 2 extra for $298.99
- 3 extra for $399.99
Many people we’ve talked to running pre-release copies of Pip Brains are doing so on more than account because of the success they’ve been having of recent. You can use unlimited demo accounts, and changing your live account number can be done on your profile page in seconds.
Strategy
Pip Brains uses advanced and highly optimized indicators to intelligently pin-point precise market conditions to open certain trades under. It’s hard to label Pip Brains with a specific strategy, the brain does what the market will let it do.
Pipbrains has now been updated to have 3 different strategies mixed together, controlled by a series of indicators and market monitoring algorithms to determine when to run each strategy. You can expect anywhere from 2 to 10+ trades a day with this very powerful, robust EA.
You have the option to turn on or off each of the 3 strategies, as well as turning off certain days of the week like sundays and fridays.
Recommended Brokers
Pip Brains works on just about any broker out there but be warned that if your broker does not allow hedging, it will prevent some of the strategies to co-exist. Our recommended FXOpen or IamFX are no exception and provide great execution time and spreads for this powerful EA.
Conclusion
I would have to say Pipbrains would be the one forex robot off our site to try first. It’s reliability from it’s A.I. intelligence makes it one of the least stressful robots to control your money.
Overall Rating
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June 28, 2010
#1
How I can get into VIP section???
June 29, 2010
#2
Thats something I would like to know as well..
Admin you have an answer?
June 28, 2010
#3
Hi all,
I just received message from Andy, new version will be release. Stay Tune, let’s hope it will be a better dream machine.
Quote:
“I will have an update out shortly that will cut back on Strategy 3 and ramp up the other two strategies.
-Andy J.
“
June 28, 2010
#4
Thank you Wind for that breaking news. Otherwise, many have been considering disabling and returning the voracious robot that eats our accounts for dinner.
June 27, 2010
#5
i am thinking of getting refund for PB as it is disappointing with many bugs. or any one thinks i should wait more.
June 26, 2010
#6
Hi Admin,
Is there any way you can step in and somehow moderate that all of these different circumstances can be worked out. Because at this point I don’t know what do do as so many others are also in the same position. In my instance I can not get it to trade on one broker and on another ithe result are too mediocre to cinsider goin glive. Others have crashed and margined accounts. I was told to turn off strategy 3 because it was crashing the MT4 but you are able to use it in demo. Admin could you please at your earliest give us an update on what’s next and what to expect. Thanks!
June 26, 2010
#7
@Admin
Hi Mr Stevens! Have you constantly upgraded your original beta (Advanced) pibbrains version along with the forum members? Is the AlphariUK broker the make or break it factor in this? Sadly AlphariUK is not available for US citizens. The pipbrain robot version now seems to have stategy 1 renamed stategy 3 and no hedging or martingale recovery mechanism turned on. Here’s my fxopen and IamFX $5000 account stats. Care to try a 2nd demo on them Joe and see what the members are experiencing?
Help us Andy ! We don’t want to give up on this “Dream Machine” !
http://dennisfxopen.mt4stats.com
http://dennisiamfx.mt4stats.com
June 26, 2010
#8
I am having zero luck with this. miniscule trades and always one more loser than wimmer. We all seem to be in a different spot here. My EA is dead on my MT4 and does not move. In demo with FXCM-UK and FXOpen and neither show any excitement
June 26, 2010
#9
yes, I had suffered big lost especially on the USD/CHF. But I wonder why the forexfbi admin din suffer such big drawdown? Is it really because of the lite and advance difference? I doubt.
June 26, 2010
#10
I suffered some losses this week on strategy 3 but not enough to even dent my account. Not sure how you guys are wiping accounts and what not so quickly with this thing…
June 26, 2010
#11
@Admin:
We guys are suffering losses from the current version because the internal logic of your version and Andy’s are different from ours.
My account trippled within three days–a performance that is similar to how Pip Brains behaved when it was initially installed at your site. But the rate at which it loses is surprisingly astronomical when compared to your copy and Andy’s.
Something is internally defective with the programming and logic of the copy we the customers are using that makes it difficult for it to withstand the current market conditions.
I have written Andy about this.
June 25, 2010
#12
Just checked Reny’s account, down to $3.05 ouch
June 27, 2010
#13
Yes, fulcrumfx. It was disheartening. But it was part of the trading game. I am still grateful to Pip Brains though. At least, if it were a live account, I would have been left with $3.05 to buy ice cream.=:)
June 25, 2010
#14
Yeah… yesterday I also lost about 30% of my account and most of the lost because of USD/CHF, this bot is not as good as what I expected, very disappointed .
June 25, 2010
#15
now I am having errors on the journals tab “old tick EURUSD and the prices” and pipbrains is not trading on 2 different accounts, what is going on, anyone experiencing this too?
June 25, 2010
#16
oooooooooooh nvm I guess it is because it is already friday XD
June 25, 2010
#17
I would like to know if this software takes $250 account as a start up?
June 25, 2010
#18
The FXOpen demo I loadd last night isn’t even trading. The demo with FXCM-UK has two winners and two losers and is negative 155.00 in three days. I used preloaded parameters for the FXOpen demo and not making any trades
June 25, 2010
#19
not doing well for me either, lost almost 40% of my account. quite disappointed, even I saw good support from Andy. might have its potential!!
June 25, 2010
#20
I am also disappointed in the Pip brains results of the last 2 weeks. The version 1.1 I got seems to be a different EA from the one making 600% on FBI. I only lost money since using Pip brains, and on low risk. The martingale is not working as it should and there is no effort to reduce losses when things go bad. Where is the EA as originally tested?
June 25, 2010
#21
Not doing well for me. I turned off strategy 3 and used conservative risk settings as seen on the PB website. Demo with FXCM-UK. Two winners 12.00 and 13.00 and three losers -60.00 each. Account is about -155.00. Tonight I downloaded an FXOpen ECN demo and hopefully it will do better. This time I am using the out of the box settings.
June 25, 2010
#22
Good luck , Steve.
My FXOpen’s $1,000 demo account which had initially increased beyond $3,000 was wiped clean in the early hours of Friday leaving me with just $3.05.
June 24, 2010
#23
Reny–Yikes! That’s what scares me. This thing seems so volatile and inconsistent. It may do great on one account and not work correctly or margin call another account…
June 24, 2010
#24
my pip brains has never taken a single trade in S1.has any one experienced it. does it make difference running only 1 pair.will the results improve. i am very dissappointed with my pip brains results or the past 2 weeks.
June 25, 2010
#25
O yeah, Strategy 1 is currently sleeping at the wheels, completely unconcerned with what is going on in the trading arena. Strategy 2 once in a while says ‘hello’ and goes back to bed; while Strategy 3 is overworking both the robot and the account making its ballooning balances head for a downward course. There are still many fixes that Andy needs to make for this robot to stand the test of time. Reminding Strategies 1 and 2 of their jobs and forcing them to accomplish their tasks are surely a part of the required fixes.
June 24, 2010
#26
On monday i’ve started PB with real account – micro mt4 – leverage 1/500 – $2500. My money on rises to $2634 on wednesday but just in 2 days now the account is $2300… Too many drawdowns..Nearly all the orders on reverse side…Strategy 1 is not working. Also st2 is not. And st3 is a faulty martingale… What is this?
June 24, 2010
#27
@admin & guys
why just andy give us the original expert ? ..this 1.0 or 1.1 or 1.1a is different than the original as i see the different at performance at the statement …yesterday the expert at the statement close all sell positions and open buy position but this 1.1a still has sell position open and it hit my S/L two times…i am talking about he is try at us new experts and wasting times …why he do that ? please admin can you add another statement to compare any other version and the original one …to see the facts only ??!!!
June 24, 2010
#28
@all guys and admin
why just give us the expert at his statement or at the statement of fbi ?? why he is trying new experts at us,,although he will fix it …it will still different between the original expert…the original one yesterday close all sell positions from S3 and open buy position when the correction begin ..but this expert still have some open ..and i saw s/L two times …i come to him to buy the good expert not to try experiments at me ..he wasting my times !!!!
June 23, 2010
#29
Ladies and Gentlement:
Right after posting that my demo account had gone past the $3,000 mark at FXOpen, the account suffered a big drawdown that reduced it to $1,810. If you are interested in confirming, you can check my Mt4stats here:
http://reny4forex.mt4stats.com/
June 24, 2010
#30
I see that all the big losses in usdchf…. And the EA can not pass yesterdays market reversal… I m also using it in my real. If i did not interfere the orders, the account could have big losses. I stopped the EA. Be careful….
June 24, 2010
#31
at least I can see that your trade opens are almost same with mine, I also suffered a large drawdown after tuesday. most of the lost trades are from USD/CHF.
June 25, 2010
#32
You are right! The latest loser’s “trick” the robot performs is that it opens USDCHF trades with more disproportionate lot sizes when compared to that of EURUSD. For example, as at the time this review was posted, I had open trades for USDCHF whose lot sizes were 10 times more than that of EURUSD. If the trend goes in the direction of USDCHF, there is a potential for a huge gain. But if the trend is in favor of EURUSD, then the account must suffer a big drawdown.
For the hedging strategy to work properly, the lot size ratio for the two opposing pairs must be 1:1. But because this was not the case, all rising accounts took a turn for the worse when the trend went in favor of EURUSD and against USDCHF. We hope the next version Andy releases will correct this proplem.
June 23, 2010
#33
England !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
June 23, 2010
#34
Guys:
Does anyone know if FXOpen’s demo charts are mirror images of their live charts?
The reason I am asking this question is that my FXOpen’s $1,000 demo account crossed the $3,000 mark in the wee hours of today while the developer’s #1 recommended broker, IamFX, was just $1,560.
The gain differential in both results aroused my curiosity. Even more troubling was what happened when I reset the account at FXCBS to $1,000 since I constantly got margin calls for the low deposit of $186 I initially had there.
So, what happened to this FXCBS account? Immediately the $1,000 demo account was opened, 4 short positions were opened for the EURUSD and 4 long positions were opened for USDCHF. Thanks to Strategy 3. But that was not the whole story.
Instantaneously, the margin level went below 100% and the free margin flew into the negative territory leaving behind no more room for the robot to breath. A margin call!
The lot settings at FXCBS and FXOpen are identical since their minimum lot size is 0.10. That was the only thing I altered in the settings. My conclusion?
With the default Version 1.1a settings running, my inference from this experiment is that the robot is more compatible with some brokers than the others. And it is a good idea to test it on different brokers to find which one produces the best results that suit one’s fancy before going live with it.
So, please if you have any experience with FXOpen’s demo and live charts, please reply to this on the message board. While I am happy with the robot’s result so far with FXOpen, I still want to approach the issue with cautious skepticism, not wanting to be fooled by this result that is on the high end by opening a live account with FXOpen. My current live account is with IamFX.
Thanks.
**************************************************************************************
To friends who worry about trend reversals:
The robot will do well as long as you have both EURUSD and USDCHF charts running. The reason? Both pairs are inversely proportional to each other. As one increases, the other decreases and vice versa. It is Andy’s smart way of getting around some brokers’ “No Hedging” rules.
What if you don’t run the two charts? The robot would have to hedge to protect your account from large drawdowns.
For those worrying about ranging market:
My behavioral, mathematical and programming analysis of the robot reveals that it has an in-built grid strategy that can confront this market condition. The noteworthy question we should however ask is that: What happens if a trending market ranges or breaks out and we have high floating negative numbers that call for a switch in strategies?
My guess is we may have to absorb the loss. But the loss will not kill the account if we run low risk settings and the robot will quickly recover.
The facts that ForexFBI’s Pip Brain’s chart still stands and that the robot has survived these conditions in the past and present to solidify its #2 position, are unequivocal testimonies that we are not with the wrong team.
June 23, 2010
#35
I want to use PipBrains and ForexHacked in the same account. Is it make a trouble if i run them in the same mt4 platform? Ofcourse i’ll open different charts… I don’t know if they affect their process??…
June 23, 2010
#36
@Cinar:
Both robots can conspire together on a bad trading day to burn your account to the ground. Both of them trade often and employ martingale strategy. As both compete for lot sizes, you will frequently see “Error 134: Not enough money” in your Experts log. I won’t ask these two warriors to fight forex battles in the same account if I were you. It may be dangerous.
June 23, 2010
#37
you’re right…
June 23, 2010
#38
Hi, i took a mail from Andy; “If you are having a problem with Strategy 3 opening its chain of tradesalmost instantly, then I would suggest just turning Strategy 3 to FALSE oneither one of the charts. The problem only seems to occur when Strategy 3is active on more than 1 chart. I will have a fix for this asap. I hope the new version has been working good for you thus far as it seemsto be getting better feedback overall.” And as he suggested i turned off the usdchf strategy3. Adn now everything seems normal. Thanks Andy…
June 24, 2010
#39
I was wrong… It’s not working…I have big drawdowns…
June 22, 2010
#40
@nanquan. Yes, trading with the trend is a good idea..as long as there is a clear trend. But about 70-80% of the time markets are range-bound, like the EURUSD was between 1.900 and 1.2100 a few weeks ago. I know this EA will do well in a trend, but what about a trading range…or a major reversal of the trend? That’s where I want to see it tested.
June 22, 2010
#41
my demo account with pipbrains 1.1a is doing good.
it is leverage 1:100, and with low risk settings.
http://rogeliovela11.mt4stats.com/
June 22, 2010
#42
Correction to my last post. It started trading EURUSD short and USDCHF long as soon as I started it. In other words, two trades that are heavily correlated and amount to a one-way bet on the direction instead of a hedge.
June 22, 2010
#43
@John: Yes, this is exactly what I noticed as well! It’s placing more trades in the direction of the trend now (strategy 3) and not against it (so is this really martingale anymore?) which is of course a good thing, I think in general that Martingale is a bad idea and you should always place bets in the direction of the trend, even if your initial bet was against it, that way the incremental lot sizes will guarantee a profit and will eliminate any losses from the first losing trade (providing you close all trades as soon as you see a retrace).
It seems strategy 3 now uses better entrance signals, which is good, but as you said time will tell… who knows what the code-level changes actually are, I am skeptical as well.
And yeah I also find it odd that it places several “martingale” orders just a few pips distance from each other instead of just placing one order with bigger lot size.
We’ll see how it goes!
June 22, 2010
#44
My 1.1a is doing well but it hasn’t convinced me of anything yet. It started trading EURUSD short and USDCHF short as soon as turned it on. It has been profitable (or just plain lucky?) since it started trading in the trending direction. However, if I started it an hour earlier on Sunday, it might have traded in the opposite direction. Also, it hasn’t established any hedge trades in the opposite direction, even during some pretty strong retracements.
In addition, Strategy 3′s Martingale baffles me. I expected it to cost average (e.g., sell 0.01 EURUSD, sell 0.02 more EURUSD if it moves up X number of pips, etc.). Instead it usually places all four Martingale trades within a 2 or 3 pip range. What’s the purpose of that? Why not just make on larger trade?
Once again, it’s doing better than last week, but I don’t have much confidence that it will handle a series of losing trades any better than the last version. Time will tell, though…
June 22, 2010
#45
Ok, here are my results so far with version 1.1a -
To remind everyone, I tested version 1.0 originally and it totally blew 3 accounts out of the water, while for some reason the account on AlpariUK @500$ was almost blown when it got cut by half to about 250$ and then managed to rebound back to 500$, while the others didn’t (default settings, same deposit on all accounts).
Since the AlpariUK account bounced back to 500$, I kept it, and just applied ver 1.1a to it to see how it performed. So far there are still 2 open trades left over from v 1.0 floating at -35 and -74, but as for all the rest it made about 50$ since running from Monday, now at 570.66 balance, floating -113.
As for the rest, I opened a new account of 1000$ with IamFX with medium risk settings, so far from Monday it’s at 1,251.01 floating -33.57 (great results!)
With FOREX.COM, also new 1000$ account, same settings (medium risk), account is at 1,168.66 floating -24.85 (not as good as IamFX but still pretty great!)
Absolutely most of the profits seem to be coming from Strategy 3 (martingale), but it looks like the strategy has been tweaked and is performing better trading decisions without too much risk.
Also I have noticed that the larger the account the better the EA seems to perform. Not that I have tested this extensively, but I’m just saying that on 1000$ accounts it performs better than on 500$ accounts (entering more profitable trades more often).
These are still VERY preliminary results, as it’s only been under two days. I still want to see how it performs under a conditions where there is a SHARP trend in the markets, like the ones that wiped out my previous demo accounts with ver 1.0!
Also I’d like to note that I was NOT able to reproduce the same backtest results as published on the pipbrains website. All backtests I tried ended up with significant losses. This is a bit suspicious and warrants further investigation.
I also noticed that on the pipbrains website, the graphs show an initial deposit of somewhere between 10,000 and 100,000 for the backtests, and the deposits were not the same for both currency pairs. This would seem to indicate that the EA performs the best only on large accounts, which would seem to make sense since it uses Martingale strategy. Perhaps the developer Andy could shed some light on this, and also on his backtesting settings etc.
Still, for now the new version 1.1a is definitely performing better. Will keep updating.
June 22, 2010
#46
ya, 1.1a rocks, but I would like to see how it handles the situation when there is reverse trend.
June 22, 2010
#47
Hi Wind
One of the main reasons I am happy to devote more time to this EA is the EURUSD chart for the period shown on the ForexFBI forward test, from 13th May up to date, has been trending for days in both directions, and ranging sideways at some periods.
Overall, a mess.
The volume of trades this EA closed favourably on the ForexFBI forward test in that period, under those conditions, seems to suggest to me it does not suffer from an “account suicide” tendency when there is a trend reversal pattern. (like so many others I have in my EA catalogue)
Let’s hope it stays that way and can be stabilised and / or fully explained for those having genuine technical / broker platform issues, or, just as significant, problems with arriving at the appropriate account size proportional settings issues, so as not to “flame” a small equity account to zero.
While I have not personally, hour by hour, checked in to observe draw downs at their worst points, my instincts say give this EA lots of account equity “headroom” to be on the safe side, until it’s full range of trading characteristics are better known.
June 22, 2010
#48
Yes, version 1.1a rocks!
June 21, 2010
#49
To Admin & all
I am forward testing again with version 1.1a.
Now 24 hours finished Monday 21st June.
Closed 31 positions with 2 only minor losses (93% win ratio on this tiny sample of just 1 day)
Still 7 open trades with negligible draw down.
Several have asked admin for their settings, which would be good to see.
Yestredays Monday 21st June results on my forward test trades opened to lost trades is similar to the ForexFBI forward test for yesterday, which is exactly what I am looking for. (although not exactly the same trades and results)
This robot is showing potential, but I would say is a “work in progress” until more weeks of forward testing.
Andy did respond promptly to an inquiry from me a week ago, some of the fixes in V1.1a address some of those issues, but I have yet to test them.
This robot will not back test correctly, we have spent hours on it and it is a waste of time, as it only opens a fraction of the daily volume of trades compared to running forward live testing. You only get an approximate result so no point.
Admin what are your settings in your live forward test and are you going to start a forward test in parralel with the new V1.1a.
This robot seems to warrant serious investigation if Andy will support it with more information about the settings characteristics.
At the moment I am pretty much having to deduce what will happen, and am running on lowest risk settings possible on FXCM (Australia) new forward test from yesterday. (may open a couple more with different settings for comparison results of different settings)
Don’t give up the ship gang, this has potential.
LOTS OF LITTLE CLOSED FOR A WIN TRADES………
June 21, 2010
#50
@mina
thats pretty much how it works, it open 4 positions multiplying the first lot (2nd, 3rd, 4th positions will be higher than 1st.)
June 21, 2010
#51
Sorry guys:
The result was not properly displayed. It was in the form of a table but Word Press did not format the data correctly. So read from left to right taking into consideration Initial Balance; Current Balance; Open Trades for each broker’s results displayed.
June 21, 2010
#52
Ok Guys:
Seems this Version 1.1a rocks going by its performance so far on my demos:
At the begining of this trading week, I reset the accounts at IamFx and FxOpen to $1,000 with a leverage of 1:400 since the earlier version burnt the initial demo-deposits to the ground.
The demo account at Fxcbs, which the earlier version had reduced to $186 from $1,000, was left as it was to have a feel of how the robot would perform should one have that amount in one’s live account. The leverage at which this account operated was 1:100.
Here are the results:
Initial Balance Current Balance Open Trades
IamFx $1,000 $1,599.46 -$224.12
FXCBS $186.34 $317.94 – $28.02
FXOpen $1,000 $2,251.94 -$195.11
Besides the lot sizes, which I changed to match each broker’s minimum requirement, every other setting was default.
If this type of performance cuts across the board and the robot does the same thing on live accounts, then Andy would be the first developer who used his deft hands to turn sounds of forex “defeat” to melodious tunes of forex victory. We give it to you, Andy! Keep up the good work.
June 21, 2010
#53
last week i purchased the expert and i am trying it this week ..S1 is not working ( i compared it with the last version ) and S3 open four positions at once..and i contact andy for this mistake …please any body have the same trades..?!!
June 21, 2010
#54
@mina
Mine is the same!!!
S1 seems like it’s not working. S3 opens for positions at once.
June 22, 2010
#55
Yes, i’ve got the same mistake: there’s dd1, dd2 and dd3 settings but s3 do not obey them. The 3-4 orders open at the same time. It is a very big problem and can make big drawdown!
June 22, 2010
#56
Turn triple down and quad down to false for now until we figure it out.
June 23, 2010
#57
what do you mean triple and quad down?? I never seen that on the settings, or probably thats on the advance version?
June 23, 2010
#58
Ahh yes I guess its not on the lite version.
June 21, 2010
#59
@Chicken
I would recommend you to use lots of 0.01, risk1 of 0.05, risk2 of 0.5 and multiplier 1.1, I am running an account with those settings, the account is $500 deposit demo, and have won $70 dollars, and had to stand the situation of margin calls on other accounts that I am running and then recovered, since the lot is very low it could take that negative floating P/L, and now it keeps going, those settings would be good for you.
June 21, 2010
#60
Fotgot to mention that I am using low risk settings.
June 21, 2010
#61
I am getting good results today with ver 1.1a. (up by 14%) I presently have 4 eur/usd trades open in sell direction and 4 usd/chf open in buy direction. (strategy 3). Pips Brain works good as long as the trends follow in the direction of the open postions but it trend reverses there does not seem to be any recovery/protection mechanism apart from the stop loss limits. I will watch to see what happens
June 21, 2010
#62
Just as an update I lost $634 with Pipbrains Lite today that the reason for my above comments
June 21, 2010
#63
Hi had a big problem last night and was wondering if anyone else experienced it. PipBrains would open a trade and immediately close it with a negative. It did it both on EurUSd and UsdChf. It placed close to 200 trades before I was able shut it down. These trades were only coming from Strategy 3. I am running the newest version 1.1a. Did anyone else have this problem? I did send an email to Andy and I’m waiting to hear back. It would have drained my account if I wasn’t home watching it.
June 21, 2010
#64
I am running Pipbrains Lite on a micro account $1000with the suggested low risk setting with strategy 3 turned off. Could you suggest settings to optimize profits or would you advise to use strategy 3 as is not running profits as I expected. Any suggestions would be appreciated?
I have lost enough with all different promises as there is many product on the market however it seems to eat your cash away and I am just tired of that!!! I really need to make a comeback and get my investments back???
June 21, 2010
#65
What settings were used to test for the comparison?
June 21, 2010
#66
Can someone provide the settings for $ 300 account?
June 21, 2010
#67
@admin, im using the equivalent to my micro account at fx open, so its 50,000 start balance with lowest risk settings advised by author.
June 22, 2010
#68
Hi Dean, with capital of 50k to start and floating with 500 is normal. you are about losing 1%. If your capital is 1k, and floating up till 500, then your account can prepare for margin call.
June 21, 2010
#69
well, i made a small profit over night with 1.1a but have now woke up to the usual -$500 floating and getting worse, i dont see any light at the end of the tunnel for pipbrains im afraid
June 21, 2010
#70
What size account and what kind of risk are you running?
June 21, 2010
#71
ya. I believe it is due to the setting of the size lot? Can you check on your account size, is it mini or micro account? what I would recommend is adjust your lot size, or at least run in demo
hope it helps.
June 21, 2010
#72
@Dean Guile
Mine is the same.
At first it worked pretty well, but now -$1,100 floating….with 1.1a defalt settings.
What’s happening to pipbrains?
June 21, 2010
#73
@cristobal: I checked your myfxbook, and today you have -502$, so far. And you have loss in the last 3 days as well. Is this a different account of did I miss something?
June 22, 2010
#74
Was my fault, last week i leave pipbrains usd and eurusd with same magic number… So the main loss – 300 pips was not pipbrains fault
June 21, 2010
#75
With the update 1.1a is very good today I got +10%
June 20, 2010
#76
@Mike
Hi, I’ve done backtesting also with the bot and the results all seemed to be margin calls, with mixed settings, some settings ate the account in 3 days, some other settings ate the account withn like 20 days, anyway it was never over the $500 dollars I tried with. I will run some with the new update and see what comes out of it.