Eat pips is a new Forex indicator that takes a mathematical approach to real-time market reversion. The software has been developed to work on all Forex currency pairs and all time frames.
Today I will do a short review on the eatpips.com product and tell you my views and opinions as well as how the software works.
Eat Pips Review
The eat pips indicator is very simple. When the indicator provides a red bar and arrow this means a sell trade has to be entered and the opposite goes for a buy trade. By opposite of course I mean green.
Generally these indicators also provide take profit and stoploss information for but this is not available with this software. This means that you need to watch the trades a little more closely and decide when you want to exit.
When you purchase the eat pips Forex system you gain access to the indicator, something they called 24/24 support (which I imagine is 24/7 support), as well as a quick install tutorial. This product also comes with a 60 day moneyback guarantee.
Now let me quickly take a look at some of the results provided, here are some sample trades.
Here we can see what the software looks like on the chart. It is not as clean and as straightforward as most indicators are as you have to watch the bars at the bottom of the screen. Most indicators now have a arrows on the chart which makes it much easier so this is certainly a knock on eat pips.
Eat Pips Conclusion
As I’m sure you have you know by now I am not a big indicator guy and eat pips has not changed my mind. I am not going to give this software the official Forex robot nation seal of approval.
If you have something you would like to contribute to this review please leave your comments below the article. As always I appreciate everything you offer to this Forex community.