Actually I want to make review of the EA 1st, but I forget.
Maybe some of u ever heard of Pipsland EA in forex tsd forum.
Yes. I got Private Message on forex tsd forum about this EA on 25 March 2008.
It's quite surprice that I get spam in my inbox.
Here it said "PipsLand is a groups of Experience Forex Trader who developing a strategy to make an Expert Advisor. we offer for all visitor about Manage Account with our Expert Advisor. Why we choose trade using expert advisor? because an Expert Advisor (Automated Trading) have no emotion and can solve the human error when we trade self"
When I visit the site "Pipsland EA" I see the forward testing account which is quite impressive.
Their system is martingle and use pair GBP/USD and USD/JPY with 1st lot is 0.3 lot and balance minimal is $10.000.
What I like is they give the EA for FREE if u join LiteForex under Pipsland EA. I contact the support via yahoo messanger and talk about pipsland EA.
Then on 26 March 2008, I decided to give it a try on live account using Lite Forex $100 equeal to 10.000 cent.
And I use conservative setting which 1st lot is 0.1 lot for GBP/USD and USD/JPY.
So it's 3 times safer than the recommended 0.3 lot
You know what happened?
U can see the result your self
I got Margin Call in one day!! This is the worst EA I've ever seen.
I talk to Pipsland support about this, they said, It's unlucky for me.
On 1 April The support contact me said that they have new Pipsland EA V2 on their site and many other new EA as well. But will I look at the EA now? Hahahha
I learn some lesson and I want to share u this.
1. Usually I run on demo 1st, but this time, I don't know what can make me to go live without using a demo.
2. Never trust someone u don't know who give you Private Massage in forum about using EA.
3. If someone give u free EA or system just for Referral bonus, You must think hard about it. Why will give u profitable system in exchange to small referral bonus?
They just want to take the rebate, and they don't give a shit about your trading result.
Feel free to give comment
Tuesday, April 15, 2008
Pipsland EA
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3 comments:
Hehehe.....
Be careful, bro !
Many people talk bigger than what they do out there. So just don't buy them easily.
Thanks for sharing with us anyway.
hehehe, kurang bruntung ya bro, salah setting kali bos, coz saya fine2 aja pake ituh :P
salam..
hmm.. I use Pipsland EA v1.
and use default setting with 1st lot reduce from 0.3 lot to 0.1 lot.
But I haven't and don't want to try V2.
Well. if it's fit you, good luck to you.
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