Today I’m drawing your attention to a new robot the claims to be the best in the world when it comes to winning consistently, Front Runner Pip Strike Plus. Yes, the name is quite a mouthful but the creators believe that the system can easily make traders in between 100 to 200% in monthly profits. This type of claim is overly aggressive, and it’ll be something I take note of during this review.
It is unknown who the developers of this robot are. We are told that the system is created by a collection of managers and programmers with over 9 years of experience. It’s quite clear that the developers are ESL, which is not an issue, but may make dealing with support more difficult than it has to be.
Front Runner Pip Strike Plus Review
The sales page for this robot is one of the most unprofessional I’ve seen in quite some time. The website has major grammatical issues, design flaws essentially comes across like a website that was put together by someone with no experience in web design. While this shouldn’t impact the trade logic of the Front Runner Pip Strike Plus robot, it does impact my confidence in the development team. Anyone who looks at this website and thinks that it is ready for the market, is somewhat I would have a very difficult time trusting with my investment. The creators of this product easily could’ve paid someone $200 to put together a much better website than this one. I’ll try not to let this impact my judgment, but that’s going to be difficult.
In regards to trade logic, the system does not utilize any indicators but has a special exit strategy that isn’t elaborated on. The robot utilizes stoploss on every open trade.
- Type: Forex Robot
- Price: $500
- Strategy: Undisclosed
- Timeframe: H1 or H4
- Pairs: USDJPY, USDCHF, EURUSD, EURCHF, GBPUSD
According to the website, the Front Runner Pip Strike Plus EA is regularly $1500, but they are offering a limited time discount, making the software available at $500. You’d think with such a large price tag that the developers would be able to spend a couple hundred dollars paying someone to better design their website. Instead, they are relying on WordArt graphics throughout the entire web page. I keep coming back to this point, because it obviously bothers me.
The developers of the system have one section on the website dedicated to back tests that isn’t populated yet, and then a couple of my FX book accounts. At this point in time, it’s a very early in the process with both of the ront Runner Pip Strike Plus robot accounts having just over or just under a week in sample size. There is a live account, and a demo account.
The live account has been running for approximately 10 days, and is showing a gain of nearly 8%, with an 18.57% drawdown. Obviously, this type of drawdown for a small return isn’t exactly what we are looking for but this is a very small sample size so it’s hard to know how this system is going to react moving forward.
As for the demo account, this has been running for 4 days and shows a gain of over 100%. Both of these accounts are supposed to be using the exact same settings, so I’m not sure why there is such a drastic difference when it comes to their live and demo accounts. This is something we will have to take a close look at as we get more data.
As of right now, there are no user reviews for this software. It is just hitting the market, so it’s very possible that there are very few clients, and the clients that they do have are just trying to figure it all out.
It’s really too early to be on either side of the fence when it comes to the Front Runner Pip Strike Plus robot. Obviously, I want the developers to do much more with their website, so that it is more professional and conveys a clear message about the trade logic. As for the software itself, we are just going to have to wait and see how it performs.
Please let me know what you think about the software, and leave a comment with your experiences.