Tip Toe Hippo does not provide their algorithm to traders rather uses a trade copying system to provide signals. The algorithm itself carries out the trading on the master account. The company is making many claims on the profitability of the EA and states that it will give a steady 5% a month. Let us see if we can achieve a good risk-reward ratio by using the algorithm.
There are so many claims about the system’s performance that we were convinced to take a look and see for ourselves if the EA is good. We have gone through all the performance records and the pros and cons of the robot to judge its profitability.
What is behind the Tip Toe Hippo?
The company does not share any information with us on the developers’ experience. We are left stranded while trying to find out the names of the people behind the program. This is a poor practice that is mostly the habit of scammers in the financial marketplace.
How it works
The robot works only on the MT 4 platform:
- For efficient performance, traders have to place the ex4 file within the experts’ folder.
- Enable the auto trading option with the software and place it on the charts to start trading.
The robot has the following key features:
- It offers 5% return a month.
- It provides a gain vs. drawdown ratio of 4.01.
- It comes with support for installation.
- It has a maximum historical drawdown of 15%.
There is no information on the leverage and minimum deposit that the traders should employ.
The developer states that the robot is free from grid and martingale strategies, making it a safe system. To get hold of further information on the game plan, we had to look at the history present on Myfxbook. The EA trades on indexes such as GER30 and US 30 and places a virtual stop loss and take profit for each trade. It does not trade with a fixed lot size and holds trades for 14 hours and 31 minutes on average, pointing towards a day trading approach.
The developer is not transparent on his backtesting records. They present a white paper that shows historical records and claim that the maximum drawdown that the robot ever had was 15%. It is quite easy to manipulate and create white papers. Therefore, we can not trust the information.
The algorithm can be bought for an asking price of $50 for a month. Traders can also rent it for a quarter and a year for $100 and $250. There is no mention of a money-back guarantee.
Trading performance of Tip Toe Hippo
Live trading results are available on Myfxbook, which show performance from May 09, 2021, till the current date. The system made an average monthly gain of 4.65 %, with a drawdown of 5.87%. The winning rate stood at 50%, with a profit factor of 1.42. The best trade was $1081.41, while the worst was -$668.42. There were a total of 164 trades. The developer made $27660 in deposits and $54.04 in withdrawals.
Customer support is only available by submitting a contact form that is present on the dev’s website. There is no landline or email id present.
There are no reviews on review forums that show a lack of trust by traders on the system. Traders are probably afraid of the fact that the duration of the live records is for a short tenure. There might be an increase in the drawdown in the future.