Western Pips is a Forex scalping expert advisor. It’s been a very long time since we’ve visited the Western Pips website, as we wrote this review originally in 2016.
The developers of the software claim that it’s been running since 2009 and is the only robot in the Forex market that’s capable to make maximum profit and very little time.
Western Pips Review
Thanks to ForexPeaceArmy, we noticed that the developers of this robot have done so well to upgrade their reputation. They’ve raised their one star rating on FPA to a 3.6, but in looking further, it does seem that the positive reviews they received was all during a short period during April. These reviews don’t seem real, and the last 10 reviews are all saying it’s a scam.
During our review of Western Pips EA we saw that they did try to give us some details about how the robot works. The Western pips main software is a Forex arbitrage EA. In order for the software to work properly the robot needs a fast data feed and a slow latency broker. They feel using the strategy that they are able to learn the price 100 to 300 ms before will actually appear in the NT for brokerage. This is a very interesting methodology and we can see that they have quite a few real and demo accounts showing their arbitration system picking up winning trades that last only a minute long.
When we first reviewed the services, it was much less flashy, and they didn’t have as many offerings. They’ve certainly expanded their product line substantially.
Here is the current product line:
- Trade Monitor 3.7
- FIX Trader 3.9
- Crypto Trader 1.7
- Analyser 1.3
- Web Clicker 1.9
- Private 7 Multiterminal
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.
Forex Alpha provided their result on myfxbook but it is quite confusing like the rest of the website. Their Myfxbook account is filled with a whole bunch of strange trading accounts, that don’t have a clear product associated with them. Many of the accounts show huge gains in a single day, and then are never traded ever again.
It’s also worth noting that all of the trading accounts are not verified, and with brokers that either don’t exist, or can’t be signed up to. It really comes across as if there is some sort of deception or trickery involved in their trading results, which is rare when it comes to Myfxbook.
It just doesn’t make sense why the accounts aren’t verified, and why so many of them are only 1-2 days of trading, then disappear.
The Western Pips group need to take whatever product they are selling, tell us exactly what it is, then put it up on Myfxbook on a known broker and verify the account. Until they do this, we will have to stick with our old conclusion.
Western Pips Review Conclusion
I will not be recommending the Western pips arbitrage EA to the Forex robot nation readers today. With a handful of negative reviews and a price tag of $2000 there is just not enough information for me to pull the trigger here. If I could get a trial version of the software and it truly is as successful as they claim then I would gladly sign up. Read this page and only pick tools that are recommended there.