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Western Pips

western-pipsWestern pips is a new Forex scalping EA. 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.

Today I’ll be taking a closer look at the software and informing the Forex robot nation readers of all of my findings.

Western Pips Review

The developers of the Western pips software claim that they have expanded their staff and headquarters and are conducting a number of new developments. They are actively working on high-speed robotic futures and looking to establish communications with major banks so that they can offer a higher quality of service to their clients. There’s a video on the front page of the website that shows their software trading with the AlfaForex brokerage. During this video we can see the software takes trades at a very quick pace but they show us a trade history and we can see that the software tanked the account at the end of the equity curve. I’m not sure why they would show us this.

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. The reviews I found online for this EA have not been very positive at this point in time, they currently have a one star ratingon Forex peace Army which makes it very difficult for me to invest my funds.

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. If you something you would like to add to this review please comment with your opinions below the article now.

One comment

  1. hello, what really ea westernpips including scam, many discussion forums say that this ea including scam, and can only run on a demo account only

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