Pipbreaker is a Forex indicator that is compatible with Metatrader 4 and Metatrader 5. The vendor claims that the success rate for this indicator is 93% higher than the failure rate. Since we cannot simply trust the words of the seller, an in-depth analysis of the system and its features is necessary.
On the official website, the vendor has made a very short presentation. They have not explained each feature in detail, which prevents us from getting a clear idea about the indicator and how exactly it functions.
Pipbreaker is available at the price of $249.99. This is excessive for a Forex indicator, and the price is much higher than the market average. Also, the vendor does not offer a money-back guarantee for this product, which immediately makes it a risky investment.
Pipbreaker trading strategy
Pipbreaker generates signals for short and long trades, indicating them using red and green arrows. It trades during the major Forex trading session starting with Sydney and ending with New York. The vendor has mentioned that the EA can be combined with popular oscillators like PSAR, Moving Average, and other momentum and volume-based indicators. In such scenarios, Pipbreaker provides the confirmation signals for the trades.
The vendor has not clearly explained the trading strategy on the official website. It is not enough to mention a few indicators. Seasoned traders often wish to know about the technical details of the trading scheme to determine whether it would suit their trading style. The lack of strategy insight would deter many individuals from investing in this indicator.
Pipbreaker features
Pipbreaker supports all currency pairs. Whenever you suffer a loss or reach a profit target, you get a notification. The indicator uses stop losses for each trade and you can modify them at your convenience.
The customer support team is reachable from Monday to Friday. The website has a live chat feature that you can access at all times. With Pipbreaker, you can use various trading styles, like long-term, short-term, and scalping. The vendor provides lifetime regular free updates for all new versions of the EA.
Pipbreaker backtesting results
Backtesting results are something that Forex traders look for in automated systems. These tests involve the developer testing their strategies using historical data. They reveal important details about the system and its ability to deal with different market conditions. Since this is an indicator and not an expert advisor, we don’t have any backtesting results to analyze.
Pipbreaker live trading results
Before investing in a Forex indicator, you need to make sure it has a decent track record in the live market. Unfortunately, the vendor has not shared any kind of trading statistics for Pipbreaker, which makes it impossible for us to analyze its live performance. Without it, we cannot verify the vendor’s claim of the win rate being 93% higher than the failure rate.
On the official website, the vendor has shared several such screenshots of trade setups. It is impossible to analyze the performance of the system from these since we cannot check vital performance factors like win rate, profit factor, and drawdown. Besides, we cannot consider them authentic, as they have not been verified by a third party. The vendor could have manufactured these results.
Pipbreaker reputation
Pipbreaker is a product from the WeTalkTrade team that is based in Wilmington, Delaware, USA. The company was founded in 2009, but we don’t know anything about its service history. Pipbreaker was launched in 2017, but there is no information on the developers and traders who worked to create this indicator. The lack of vendor transparency is yet another disappointing aspect of this system.
We were unable to find any customer reviews for this Forex indicator on websites like Myfxbook, Trustpilot, Forexpeacearmy, and Quora. Therefore, it is quite evident that not many people are using it for placing live trades as of now. There are several screenshots of customer testimonials on the official website, but it is highly likely that the vendor manufactured them.
Pipbreaker review summary
- Strategy – 3/10
- Functionality & Features – 2/10
- Trading Results – 2/10
- Reliability – 3/10
- Pricing – 2/10
Pipbreaker is an overpriced Forex indicator for which there is no money-back guarantee. The vendor has made some tall claims about high profitability but there are no verified trading statistics that show us the real-time performance of this system. WeTalkTrade, the company behind this indicator, has no reputation whatsoever, so it is better to avoid this indicator altogether. You can get reliable indicators on the market at much cheaper rates.
