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Scalping trading with Forex Pip Bot
3.5/5 (77 votes)

Forex Pip Bot is an Expert Advisor built using the Adaptive Market Engine which allows the system to identify patterns in candlestick charts and make better scalping trading decisions.

 


Forex Pip Bot’s features:

•    100% automated Expert Advisor
•    Compatible with any broker
•    Easy to install and use, doesn’t require prior Forex trading knowledge
•    Comes with tutorials and training
•    Uses AME (Adaptive Market Engine) technology
•    Works with multiple currency pairs


The software runs on MetaTrader 4 and is compatible with any broker. The EA has built-in money management, automatic lot scaling, broker protection and update features. It’s easy to install and runs on 100% autopilot. Forex Pip Bot also provides tutorials and training material in its member’s area.
The backtest for 1 year shows a low drawdown of 8.45% which is good, but thinking ahead I always like to evaluate the average profit and loss. In this case the average loss is significantly higher than the average profitable trade, which indicates higher risk. The strategy doesn’t use a stop loss as well.
Forex Pip Bot is a fully automated trading system for MetaTrader 4 platform and compatible with any broker supporting MT4. It employs the AME technology for adaptive and more accurate trading.

 
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