Just found Pips Leader's website.

Does anyone have any trading results using this software?
Was searching google, but found nothing...

I have look at your site: Pip Leader is a scam. There address: Pips Leader LLC., All Right Reserved.

143 Sixth Avenue, NY, NY 10013, USA
there is no such company at this address.

This site is not mine

Yes there are several reviews available which label this system a scam, I would stay away.

Thank you friends, i had a mail regarding this system. I dont know how i got that mail but I was in process to join the system. Thanks to aware me.

This post has been edited by onlinestock: Feb 20 2009, 03:42 AM

You welcome dude )) Please relax and have a good time here. I visit this service for a while but only now open my account to be with all of you.

Is there any relationships between company existence and quality of product. Can you give me some real results proof? Or reviews link.

Thank you!

pay attention to also ~

Of course if you go online with a fake company, that doesn't exist to sell something, chances are that all that fakeness is because you are hiding the fact that what you are selling doesn't actually do what you say it does. A monkey with a peg on his nose would smell something fishy about that.

There is no need to create company for selling EA's online.
I agree, that cheating with company's name is bad.

But there are a lot of people, who think that they are buying a crystal ball! Every a bit qualified Forex Trader knows that Forex Expert Advisors CAN'T ALWAYS WIN! The only thing in 2003-2005 was a scalpers, but then brokers started to block them and now scalpers feel not very good too.

Anyone has trading results???

Pipsleader has a lot of red flags - scam signs on the website. First of all they have stolen the graphics from the popular FAPS website. I doubt if honest company would steal the graphics.

The system itself does not perform good too. It trades without a stop loss on so called "basket trading" system and generates huge losses on the backtest. It worked good only in 2008. You will get a log of huge floating losses here.

LOOK!

Our reader Nigel wrote: "My problem is it opens so many trades in one direction before it opens the hedging trades that it could wipe your account out BEFORE it sets the hedge. It says in the manual that it opens trades with a zero stop loss and then manages them. However it doesn’t seem to “modify” the trade so you can’t see any revised stop losses in the MT4 Terminal window. I’ve asked repeatedly to Tom Geller what the SL parameters are and how they are managed but I can’t get a decent response, just the one that I’ve attached to this email and which was sent out a few hours after his “offer” went out."

Here is what Tom Geller, the president of Pips Leader, wrote in reply: Several of them specifically commented that it was opening long positions at the peaks and short positions at the troughs, etc. This is perfectly normal - the real issue is actually nothing more than a lack of understanding of the strategy being traded by the Pips Leader robot. Put simply, the Pips Leader robot is what is known as a "basket trader". The advantage of this type of strategy is that market direction is not especially important, only market movement. At some point, the combination of a shift in market price and an imbalance between the open long and short positions will allow the basket of orders to be closed and the target achieved. Until this occurs, there will frequently be a floating loss, however, that is a temporary situation but part and parcel of trading this kind of strategy.

forextester, and do you have full report of this test?
I think, that this program is configured for 2008-2009 years, this is not too bad!

Oh.............
i seeeeeeeeeeeeee

I don't get it... how is Pipsleader a scam? Seriously tho... I've been using it ever since the beginning of this year and its been majorly profitable for me ever since!
Download my trading sheet if you want, you can see all my profits and losses with Pipsleader.
My trading sheet
Yeah I know it takes basket trades and takes a bit of a loss to make a profit but seriously it's always come back for a profit 100% of the time for me and yes I'm using a real FXDD live account, no demo crap... I suggest people actually try it for real on a small lot size rather than running useless backtesting reports and saying its not profitable without actually testing it live...
Just my 2 cents...

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