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EA Review: Pippy Signals

Pippy Signals, despite the name is actually an automated Forex robot service. With a name like this, you would certainly think that they are providing signals, but that’s not the case. This is truly, an MT4 expert advisor that claims to “just make accounts grow!”

The developers of the software are Melanoid Marketing. There is no real information about this group, outside of the name of the company that appears when you click to purchase via PayPal. Outside of this, all we know is that the domain was registered on December 24th, 2017. At the time they registered the domain, they probably weren’t sure if they were going to provide a signal service or a robot, but here they are.

In order to get in touch with support, traders can email, email@pippysignals.com.

Pippy Signals Review

The creators highlight 6 aspects which they believe are very important for all potential clients of Pippy Signals 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.”

Strategy

There is very little strategy discussion at all, when it comes to the Pippy Signals robot. 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. In order to qualify as one of the best Forex robots, they will have to revamp this section of their website completely.

Robot Analysis

  • Type: Forex Robot
  • Price: $499
  • Strategy: Scalping / Martingale
  • Timeframe: Undisclosed
  • Pairs: EURUSD

After the two week free trial, the Pippy Signals expert advisor costs $499, 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 Results

The vendor 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.

Conclusion

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.

If you have anything you want to add, please leave your comments now.

Pippy Signals $499
  • Price
  • Strategy
  • Results
  • Client Feedback
  • Customer Support

Summary

Pippy Signals is a actually a Forex robot, not a signal service. They use a scalping trading approach with some martingale elements.

Overall
2.8
Comments Rating 0 (0 reviews)

Pros

Myfxbook account (not verified)
2 week free trial

Cons

No strategic insight
Unsure who developers are
Requires MT4 account password

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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