Advisor PIPSTRIDER - profitability not in words, but in deeds!

Before starting testing the PIPSTRIDER , I had great doubts. Is it even worth taking a test from an expert who is already more than four years old? Moreover, a significant factor not in favor of the expert was the martingale on the basis of which it was made.

Those people who work very often with experts would probably pass by, because the market has been very volatile in recent years, and experts are profitable in a very short period of time from the creation of an expert to six months of work.

I would have been one of these skeptics if I had not previously done a review and preliminary test in the strategy tester of the PIPSTRIDER advisor. And the reviews on various Forex forums were too mixed.

 To refresh your memory, you can see the result of testing the expert in the strategy tester for the euro/dollar pair below:

 Despite these testing results in the strategy tester, they cannot be trusted. There are too many facts when such yield curves turned in the other direction as a result of working on a demo, and even more so on a real account. To answer the question “is the PIPSTRIDER advisor profitable or not?” I decided to test the Expert Advisor on a demo account. For this kind of test, our team rents a server that allows the expert to be in the market around the clock without our intervention.  

To make the test as close as possible to the working conditions of a typical beginner, a demo account was opened with an imitation of $100 on a cent account or on a classic 10,000. The expert test was started on June 30, 2015 with the settings that come with the advisor when downloaded. The end of the test is dated July 13, 2015, which means that the robot worked for exactly two weeks. The test was carried out on the euro/dollar on a five-minute time frame. You may say that this is not enough, but for general dynamics and understanding such a period is enough. You can see the test result below:

 If you look at the test result, it would probably wipe the nose of even the most inveterate skeptic. The growth of the yield curve maintains the angle we need and practically coincides with the test results in the strategy tester. In total, the expert made 21 trades during the two weeks of the test, with profitable trades accounting for 76.19% and losing trades 23.8%. This tells us that the martingale worked extremely rarely.

The profitability of the strategy used by the expert is also indicated by the high profit factor, which is 5. In two weeks, the expert earned two percent of the deposit, and the drawdown was only 0.3%. Of course, such a low income and profit are due to the minimum lot, but if you raised the lot to 0.1 as recommended, then your drawdown would reach three percent of the deposit, and your profit would be 17%.

And now checkmate in the whole story with the PIPSTRIDER expert test. For all skeptics, I will say that the expert is profitable, but only if risks are properly observed and settings are properly optimized. Otherwise, any martingale is doomed to failure! In our case, we can recommend an expert for trading on a cent account !

Thanks for your attention, good luck!