When it comes to Forex indicators, traders look for software that doesn’t repaint signals. Traders are always concerned with finding Forex indicators that work, and not some generic algorithm that promises a 93% win rate yet when applied to a live trading account, it gambles trades and losses the whole account balance. PipBreaker is such a Forex trading indicator. Before you fall for it, you should probably know a lot of things about it.
The PipBreaker is owned and operated by WeTalkTrade a popular Forex signals vendor. It is promoted as the best MT4 indicator investment solution for those who don’t know how to trade Forex.
In essence, the PipBreaker system is supposed to be a really convenient option for those who are interested in finding a trading system that delivers “the most efficient way to trade manually,”.
So this review actually wants to see if there is more than what meets the eye. If you are curious too, you can join us here to learn about this Forex indicator. From the word go, we do not agree with it, and neither should you.
- Type: Forex Indicator
- Price: $249.99
- Strategy: All Strategies
- Timeframe: All Timeframes
- Pairs: All Pairs
WeTalkTrade, is a Forex website that offers free trading signals, premium Forex signals, and a couple of indicators. They are located at 2711 Centerville Road, Suite 400, Wilmington, DE 19808, and can be contacted for support via the contact form on the website or their direct email, [email protected]. More information can be found about these developers via their social profiles, or the reviews of their signals in the app store.
WeTalkTrade is responsible for labeling over half a dozen Forex trend-related indicators in the market. They keep channeling many of these products into the market. But there is zero evidence that WeTalkTrade is backed up by real traders. The point is, it is difficult to know where WeTalkTrade loyalty is.
We do not know whether these guys have a knack for creating trading indicators that work or just trying to make more money by channeling many trading indicators into the market.
Most of the time when you come across such ”trading solutions”, you will be forced to face the reality that those trading solutions are in truth, bogus and misleading, where the owner of the product will never accept responsibility for their own work.
How Does PipBreaker Work?
There is only a vague explanation concerning how PipBreaker works. The owner claims that it uses the ”latest prediction technology”. The PipBreaker is supposed to be so accurate that it will fast-track you into the world of financial freedom with their 90-93% win rate in less time than it would take you if you used other trading solutions.
It is also very easy to use — according to the sales page. In other words, this website is confronting us with a get-rich-quick scheme powered by a ”special algorithm” for trading the Forex market.
The ridiculous sales pitch is unbelievable. In the promotion material, They claim that PipBreaker is the most profitable Forex trading indicator in the world. Of course, that assertion has never been proved, and can never be proved since there is no data to verify the same.
The PipBreaker allegedly works on all time frame charts as well as on all currency pairs.
The most ridiculous promise on this site is that PipBreaker generates between 90-93% win rate and that it can be used by anyone regardless of whether or not they have a trading background.
At this point, a newbie probably needs enough experience to learn that one cannot consistently achieve those win rates on a daily basis. Sometimes markets are aggressive, sometimes they are not. Sometimes there is high volatility, sometimes there is no significant volatility. And of course, good trading signals don’t form every day.
The point is, you cannot expect to make a specific number of pips every day. There are just too many variations that come into play. You don’t promise people 90% every day unless you are a scammer.
On the landing page of the PipBreaker, you will find a lot of images that allegedly show this trading indicator in action. These images allegedly show various instances where this indicator landed in the money. Unfortunately, none of those trading results were verified.
The owners might have picked 1 out of a million trades that lost money and manipulated the image to come up with several versions that show profits. The truth is that this could have been one lucky trade that the owners have replicated into many images to create the impression that PipBreaker always wins trades. They have done this with their other Forex products too. This cannot be an exception at all.
Review Verdict PipBreaker is a Scam!
Our best advice for you
For those who are looking for a completely illegitimate and unverified Forex trading indicator, this Forex indicator by WeTalkTrade is for them. However, for people who are looking for a practical, tested trading solution that will work in the long run, these robots should be the best choice ever. This is not a viable solution at all. The Forex indicator isn’t promising enough to win our trust. Just forget the PipBreaker indicator because it’s designed to lose money. It isn’t worth the price.