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Pipbreaker Review

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Pipbreaker

Pipbreaker is a trading solution that was designed to help us to work on the Forex more professionally. The developer has a weird reputation – WeTalkTrade brand. The developers behind this service have a ridiculously bad reputation. The presentation doesn’t look well-written either.

Pipbreaker is a system that costs much more than any other indicator on the MQL5 forum. We have decided to figure out if the robot is worth this money or not.

What is behind Pipbreaker?

  • We did our best to find all useful features about the system. The presentation looks wordy and not so informative.
  • The system helps us with informing when the trade should be opened and what parameters we have to set to close it automatically in a profit.
  • The system allows working with any cross pair that we want.
  • It has a simple interface to work with.
  • The accuracy can be up to 93%.
  • We couldn’t find any proof of this.
  • There’s a good rate based on 1397 testimonials.
  • We can enjoy 24/7 welcome support.
  • It can be a “safeguard against losses.”
  • It has been running charts during all trading sessions.
  • We are free to work with all settings.
  • There are several trading styles allowed: scalping, long term, short term.
  • The indicator can easily improve our skills.
  • “The design of the indicator is so easy to understand: Green arrow for BUY and Red arrow for SELL.”
  • It provides good-to-go levels of SLs.

Key features

  • The system is a semi-automatic trading solution.
  • It calculates entry points, SL and TP levels for us.
  • We may work with it on MT4 and MT5.
  • The system allows working with any cross pair that we want.

Trading strategy

  • The system works with a scalping strategy.
  • We are free to use it wherever we want.
  • The time frame isn’t mentioned.

We have no sign of the backtest reports. It can mean that the system wasn’t tested perfectly well before being released here. It can be even worse because the developers can simply not own this indicator and they are just resellers.

Pricing

Pipbreaker pricing

Pipbreaker pricing

The system can be purchased for $249.99. We are sure it’s insane pricing. MQL5 is like our home. So, we know that similar solutions can be purchased for $30-$90 maximum. Buying it for $250 is a huge mistake. There are the following feature free updates, and upgrades, 24/7 support, and a user guide.

Trading performance of Pipbreaker

Pipbreaker screenshots of the system

Pipbreaker screenshots of the system

Pipbreaker screenshots of the system on the chart

Pipbreaker screenshots of the system on the chart

We have onsite screenshots that don’t look trustworthy because only verified results can convince us that we’re good.

Pipbreaker trading results

Pipbreaker trading results

We have managed to google this account where the system was applied. The robot ran an account on a medium-known broker – PaxForex with 1:500 leverage. The platform was chosen as MT4. The account has a verified track record. It was created on October 14, 2020, and deposited USC11,500, and withdrawn at USC200,37. Since then, the absolute gain has become -99.9%. An average monthly gain was -99.68%. The maximum drawdown was 50.89%.

Pipbreaker statistics

Pipbreaker statistics

There were 22 orders with -4262.1 pips executed. An average win was 86.22 pips when an average loss was -598.10 pips. It’s impossible how deep stop losses were. The win rate was 57% for long and 62% for short trading positions. An average trade length was over 8 hours and 4 minutes. The profit factor was 0.13.

Pipbreaker directions

Pipbreaker directions

It tried to work on three symbols but lost everything.

Pipbreaker hourly activities

Pipbreaker hourly activities

The system traded absolutely unpredictable.

Pipbreaker daily results

Pipbreaker daily results

Wednesday was a day of active trading.

Pipbreaker closed orders

Pipbreaker closed orders

The robot started executing high risk orders and blew the account.

Customer support

The presentation doesn’t include real testimonials about how the support truly is. It’s suspicious because if we need it we should be sure that it will be delivered quickly and help us to solve our problems.

People feedback

People testimonials

People testimonials

People testimonials

People testimonials

The presentation includes many unverified testimonials. We can’t be sure that they are real. So, it’s simple. It’s enough to convince us that the system is good to go.

Customer testimonials

Customer testimonials

We can’t trust these numbers either. Who can answer every request from clients within 18 seconds? It’s literally impossible. So, all this data is a scam.

Pipbreaker Summary: Worth it or not?

4

Pipbreaker is a trading solution that should help us with informing when it’s the right time to place an order on the market. All signals will be executed manually by us if we want. So, we are in charge. Anyway, the system should be delivered with backtest reports and trading results to convince us that we are safe and the indicator is profitable. It would be great if there are some testimonials about how the system helps people and what results they can achieve with it.

  • All trades will be executed manually. So, we’re in charge
  • No risk advice given
  • No strategy details provided
  • No backtest reports shown
  • The devs decided not to show to us trading results
  • We have no real testimonials written about how the system helps to make profits

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