Pippy Signals is an automated trading software offering access to the Forex markets with a choice of one license price, undisclosed timeframe and the scalping/martingale trading strategy.
The Pippy Signals is developed by Melanoid Marketing. There is no real information about this group, no contact address and phone number. The domain was registered on December 24th, 2017. In order to get in touch with support, traders can email, [email protected].
Bear in mind that the vendor provides no verified account, so if you are considering purchasing a license with them be sure to read this review first.
Pippy Signals Review
You will find out that there are some important aspect that the developers of Pippy Signals want you to know. These aspects include that it’s an automated trading system that requires no trading knowledge, and guarantees daily profits from the Forex market. Also, they claim to be Myfxbook verified (not true), have managed accounts on a secure server and offer a “2 weeks free trial.”
Software Strategy
During our review of Pippy Signals, we saw that they provided very little insight on the software methodology. There are a bunch of generic statements about the benefits of automated trading, but nothing in real detail.
They do tell us that the robot is a scalper, and also hint that it has martingale elements as well. As they claim that “even when it loses a trade, it wins the lost amount back and more on the very next trade.”
Martingale can be a very dangerous approach. Especially when the vendor is providing very little detail.
Robot Breakdown
- Type: Forex Robot
- Price: $499
- Strategy: Scalping / Martingale
- Timeframe: Undisclosed
- Pairs: EURUSD
After the free trial period of 2weeks, clients of Pippy Signals have only one option to purchase a license at a price of $450, which is a very large price tag. One that is much higher than most reputable systems in the market.
In order to qualify for the 2 week trial, traders are required to provide direct access to their trading account, which doesn’t seem safe.
Trading Result
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.
Pippy Signals provides a single Myfxbook demo account. Despite claiming that it’s a verified account, it is not. So, as it stands, there is no Pippy Signals verified account.
The account they do provide is showing a 172% gain, and a 42% drawdown since January, 2019. During this period, the robot has traded 141 times for a grand total of just 71 gained pips.
The average win is 4.14 pips, and the average loss is 29.97 pips, so the risk reward ratio is definitely in line with a scalper. This does work, as long as the win rate is high, which in this case it is with a win rate of 89%. The average trade length is 4h 33m which is a little long for a sclaper, but it seems to be working on this demo account.
There hasn’t been a single trade on the account in nearly a month though, which is definitely something we will be keeping an eye on, moving forward.
Bottom line
The Pippy Signals robot isn’t the most popular system, and to be honest, we aren’t sure where we came across it. That, in addition with the lack of strategic insight, are a couple of reasons why we aren’t sure about the service. It’s also quite odd that traders have to provide complete account access, and that’s definitely not something we recommend. The results are okay, but they aren’t verified, and there are no live results. It’s hard to pay $500 for a product the vendor isn’t willing to invest in on their own. Stick to these highly recommended trading products.