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Pipbolt Review (MT5 EA’s)

Pipbolt is a new service providing traders with access to free Forex trading robots compatible with any MT5 broker. The creators of the service want to provide “easy to use Forex robots, from traders for traders.” We assume at some point in the future that they will provide some sort of paid option, but until then you will provide a full analysis of their free service to let you know if it’s worth your time.

While the creators of the service claim to be traders, we don’t really know this is truly the case because they do not introduce themselves anywhere on their website. They do not provide company, location or any sort of information that would give us clarity as to why they are getting involved in the Forex market.

In order to get in touch with support, traders can email


Pipbolt Review

There are 6 reasons why the Pipbolt creators believe their robots are right for traders looking to get started in the Forex market.

  • Security – their trading robots are all probably tested to avoid any unnecessary risk.
  • Quality – all the robots are “program by highly skilled programmers” with many years of experience. This is unproven, as the vendors do not introduce us to.
  • Time-independent – just like any other robot, the software will handle your account for you while you sleep the.
  • Flexibility – the robots can all be adjusted to work with different trading styles.
  • Assets – can be traded on all symbols provided by the MT5 platform.
  • Broker – completely compatible with MT5 out of the box.

Most of these reasons are very basic, but this is to be expected from a service that uses a very simple approach. I early take is that this is a good place for traders that are interested in free Forex robots, but not a service that we would consider for our live accounts.


Each of the Pipbolt robots comes with a basic strategy based on a simple indicator. These strategies include Bollinger Bands, Ichimoku, MACD, Moving Average Cross, Moving Average, Parabolic SAR, RSI and Stoachastic Oscillator. Each system comes with a short explanation of the strategy, but if you have been involved in this market for a short time then you likely already have experience with all of these basic trading concepts.

It’s quite clear that this vendor provides very simple systems with basic money management, spread protection and the ability to customize them further. Out of the box, we don’t expect any of these programs to successfully win trades over an extended period of time. If you want to be successful with these systems, you will have to optimize them, test them and use your own personal trading knowledge to ensure the system is working properly.

We don’t consider any of these programs qualify for best Forex robot rankings, but considering they are free, they are a good place to start if you just want to get an understanding automated trading before you purchase a commercial software.


Surprisingly, the Pipbolt team don’t provide any results for their robots. Each robot download page comes with a simple image and a short explanation, but no trading statements and no verified trading results.

Considering these are automated Forex robots, the vendor should attach them to their MT5 platform, and upload the results to Myfxbook for our perusal. When we see vendors that don’t provide trading results, we obviously don’t take them very seriously. If a vendor isn’t able to prove that their trading system is viable, then we see no reason to attempt to do this on their behalf.

They are free robots, so it isn’t a major concern, but it does give credence to the fact that we don’t recommend the systems on live trading accounts.


It’s clear that the Pipbolt service is still very new, and at this point in time we applaud them for providing free solutions to the market. Eventually we believe they will provide some sort of paid solution, and when that happens we will update this review. Until then, if you want to test these systems for free you can, but we don’t expect them to produce much in terms of positive results considering the vendor hasn’t been able to do so.

If you have anything you’d like to add to the review, please leave your questions and remarks below the article now.

Pipbolt Free
  • Price
  • Strategy
  • Results
  • Client Feedback
  • Customer Support


Pipbolt is a free Forex robot that works on the MT5 platform.

Comments Rating 0 (0 reviews)


Free robots
MT5 compatible


No results
Basic strategies

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 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.


  1. No results, no good!

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