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EA Trend Pro is designed to trade the signal of PipFinite Trend Pro. It is also alleged to consolidate numerous customizable features that improve the Trend Pro trading approach. However, we have established that this statement does not have an ounce of truth in it. As you will see in this review, the system is unreliable.
Karlo Wilson Vendiola is the creator of this trading tool. His mql5 profile does not do much to boost our confidence in his abilities and qualifications as a programmer and trader. We are told that he has 7+ years of experience in the market, but there is no way of verifying this.
Karlo has developed many features in this EA. As such, it has entry and exit filters, different trailing stop and takeprofit options, breakeven options, a news filter, success rate filter, and session filters.
The system also comes with an in-built Trend Pro algorithm. However, a martingale option is included, and you can either enable or disable it. In addition, you can customize the EA’s settings to fit your trading style. A minimum of $50 is needed to start trading.
Trading strategies and currency pairs
EA Trend Pro works with multiple currency pairs. It also trades metals, cryptocurrencies, indices, and stocks. Its name insinuates that it is trend-following. Notwithstanding, the technical details have not been disclosed.
We were baffled to discover that the vendor is hiding the fact that the system is implementing grid. The failure to include this info in the presentation proves to us that he is ready to expose your investment to risks without your knowledge.
Backtest report for the EURUSD pair
This backtest statement indicates that the EA worked on the 30-minute timeframe with a 90% modeling quality from 2019. At the start, the account was funded with $2,000, and the system performed 141 trades with it.
Sad to say, the performance of these trades was very poor; the short positions were successful in only 32% of the trades while the long positions won 34.85% of the deals. The resulting profit was $4,416.41. The relative drawdown of 34.20% was high, and a sign that the EA was making numerous losses. The profit factor, which was, 1.75 was average.
PipFinite EA Trend Pro trading statistics
Trading results and performance
The results of this live account prove that backtesting results can predict the performance of a system in the live market. The historical data showed us that the EA’s strategy was not effective, and truly we can see that it is not growing this real USD account on Myfxbook.com. So far, it has made a loss of -$19.89. As a consequence, the balance has reduced from $200 to $180.11. The drawdown rate of 24.81% is also worrying.
The 94 trades completed have also performed dismally after reporting win rates of 41% and 47% for long and short positions respectively. The profit factor (0.87) denotes a losing system.
Hourly trades
From the results, it is clear that the EA was mainly active on the 9th, 14th, and 17th hours of the day. Also, many trades ended with losses compared to wins.
Trading history
A grid of orders can be seen, and are responsible for the many losses the account has suffered.
Account’s risk of ruin
Going by the statistics shown on the risk of ruin table, the account is in a critical state. It will take a miracle to save it.
Performance of the GBPUSD and USDJPY pairs
Out of the 70 trades executed using the GBPUSD symbol, the EA didn’t win any of them.
Monthly profits
Since its opening in August, the account has not attained any profits.
Pricing and refund
The current retail price of PipFinite EA Trend Pro is $198. But you can choose to rent it at $98 for a month or at $158 for a year. A refund policy is not part of any of the packages. Based on what we have found out about the tool, we are persuaded that it is not worth your money. You will not make any profits.
The EA’s purchase price and renting options
What else you should know about PipFinite EA Trend Pro
The 6 reviews available on mql5 further show that the system is not popular. Although many of the customers are satisfied with it, we do not trust their reviews since they are unverifiable.
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