Forex Pips Plus is the website of the developer in charge of two Forex robots, the Trend Multiplier and the Turbo Robot Profit Maximizer.
Forex Pips Plus claims that traders should expect at least $800 per week in profits if they use these two robots.
As always, this is a case of professional traders and software developers having a hand in the creation of Forex robots.
These professionals are anonymous, and their skills/experience cannot be accounted for.
According to the website, Forex Pips Plus is operating out of Malaysia. Also, the website suffers from lots of grammar issues, which indeed shows that they could be based in a country whose the primary language is not English.
Forex Pips Plus Review
The sales page is filled with generic sales pitch. The developer wants us to know that setting up and running these robots takes less than 10 minutes, and the robots are providing 100% automated trading.
Professional support is available as well. Above all, they are offering trial so that users can see how the robot performs before deciding to invest the price of the license.
Forex Pips Plus is also telling us that traders have no need of experience because the trading robots will handle the work.
Other features which they are touting include in-built risk manager and efficient algorithm for quick recovery of losses.
They are not telling us what strategies the robots are using.
However, for the Trend Multiplier Robot, we learn that the system is focusing on hedging.
Other than this, there is no detailed info about Trend Multiplier Robot. The developer is only telling us that the EAs are using mathematical algorithm and built-in margin management.
Since Trend Multiplier focuses on hedging — that is opening trades on both sides of the same market, we can conclude that this is a grid trading expert advisor.
You have to avoid such expert advisors at all costs.
Forex Pips Plus Review – pricing
The price range is between $25 and $220. The robots trade major pairs such as GBPUSD, EURUSD, AUDUSD, USDCHF and USDCAD.
The reason why pricing is fluctuating is because Forex Pips Plus is offering rentals for 3 months at the cost of $25 and $49 respectively.
For $99, you can get a lifetime license for their Trend Multiplier EA. Alternatively, you can opt for $25 to trial the robot for 3 months.
On the other hand, the Turbo Robot Maximizer goes for $49/3 months or $220 (one time payment for a lifetime license).
The good thing with Forex Pips Plus is that they are offering trial for both demo and live accounts respectively.
Forex Pips Plus Review – performance
When it comes to results, Forex Pips Plus does a rather poor job. They are presenting us with back tested results section in form of an image with a rising equity curve.
It is not possible to establish whether these results were produced by the two robots on sale.
The vendor needs to use a statement sharing service like Myfxbook.com. Otherwise, we can’t take them seriously.
Forex Pips Plus Review – the conclusion
There is no valid reason why you should go for Trend Multiplier or Turbo Robot Profit Maximizer.
They did a rather poor job at presenting results. Definitely their competitors are way ahead in terms of how they present valid results which can be verified.
So this is definitely a no go zone if you’re serious about trading.