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Indicator Review: Pips Wizard Pro

Pips Wizard Pro is another Forex indicator by Karl Dittman. Some say there is no rest for the wicked but in the Forex market there is no rest for Mr. Dittman. With new releases hitting the market every 2 to 3 months it’s a wonder when Karl ever gets a chance to sleep. According to the sales page this new product is a trading secret is able to accurately predict a new trend before it even starts.

Today this page will provide a review and offer the Forex robot nation readers an area to leave their comments and questions.

Pips Wizard Pro Review

The Pips Wizard Pro Forex indicator provides traders with fast buy or sell signals. The indicator shows traders two lines, a blueline indicates a buy signal and the orange line indicates a sell signal. These signals can be sent via email or push notification and there is no repainting whatsoever. The goal of the indicator is to give traders the opportunity to generate 100 to 200 pips per day using an advanced trading technology that takes advantage of accurate market predictions.

How To Use Pips Wizard Pro

Installing the system is very simple, you will simply place the file into your MetaTrader 4 and start dropping it on the charts. Using it however, isn’t as simple.

One of the most difficult elements when dealing with Karl Dittman products is figuring out how to use it properly. While the sales page makes it seem like you can purchase the software and start profiting immediately, this isn’t truly the case. In order to succeed using a Forex indicator with no specific guidelines like this one traders need to develop their own strategy.

The Pips Wizard Pro has the potential of being a great software, but the trader plays a large role in determining this. Since the system can work on any time frame from M15 to D1 and works with every single pair available there are a plenitude of options. To truly win long-term with a software like this traders will have to determine which pairs and what timeframes work well together over a long sample size.

Video Review

Dittman Product History

There are three pages worth of products so I won’t list them all, instead just click on Karl Dittman search to see a list of all his products. They span all the way back to 2011.

Trading Results Provided

Karl provides a handful of screenshots showing us trades but covering very small sample sizes. The trading results prove that the Pips Wizard Pro has potential but they don’t prove that this is a guaranteed long-term winner. In the Forex market in 2017 in late 2016 traders are expecting statement sharing services like Myfxbook and MT4Live because they can prove the reliability and true nature of a trading system. Obviously it’s a little different for Forex indicators but it would be nice to see Forex indicator developers use their own software for a couple of months and show us large gains in Myfxbook.

Conclusion

It’s too early to say whether the Pips Wizard Pro is going to be a success or not. There are so many different variables and for a software like this the most important variable is the trader, not the software. It is up to you to build a strategy that works with this indicator so make sure you are aware of the work required before signing up. The system is currently going for $87 and can be purchased via ClickBank.

As for what’s working in 2016 and moving into 2017, I recommend that you check out the Best Forex Robot Tests 2017 Edition here.

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.

9 comments

  1. Can somebody share please on which pairs and timeframes gives the best results?

    Thank you!

  2. does pip wizard actually give you the amount of pips it says it does if used correctly.

    • Don’t be afraid to toggle through different model of trade. The aggressive mode does great for me especially on 4 hr time frames on almost any pair

      • Hello John! I hope you keep winning with Pips wizard pro. I just bought it and I’m trying to find the best optimisation, like currency pairs and timeframes. Please share with me your experience with Pips wizard pro!

        Thank you in advance!

        Regards

  3. Any one who use this software.please be honest this software is working or not.

    • Hi Aaron,

      I’m actually using the software and I have found out through trial and error how to use it correctly.

      • Hi

        This is regarding pips-wizard-pro

        Please share with me how to use it correctly if it wont be too much trouble for you

        • Sure,

          1. Use only during the three major markets
          2. Check news calendar and avoid trading right before and after major news
          3. Only follow signals that are in the same direction of the trend
          4. If you trade let’s say the M30, open the next highest time frame(H1)and confirm that the trend is still going in the same direction as the trade signal before entering the trade
          5. Don’t trade when there’s no trend, side trend.
          6. Remember to guage your trades by the trend with at least the double time frame confirmation

          • I just downloaded PIPs Wizard Pro and I’m looking for someone to teach me how to use it. I pay for your time. Please email me at conrad2009 at gmail

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