Pipboxer.com Review

I have run this ea for the last 9 months with the default settings that pipboxer says they us on their live account. The results that I have gotten are nowhere near what their live statement says they have gotten. I have been in the negative almost since day1. This ia a very overpriced ea with very poor results, Slick Marketing, Poor results. Don't waste your money!!!!!!!!!

This is a response to Jordi from Spain and Bob from USA.

We do strive to be the best and we do strive to keep our system profitable. I quite understand that this is not always possible. The current economic condition has made the market behavior a lot different from what it was in the past. I am currently working on revising PipBoxer completely and making it more intelligent. What will happen in the future I don't know. What I know is that we will work hard to keep our system worth buying and publish honest reports. We have had many ups and downs in the past but this had not and won't make us give up.

We have set some sales rules from the beginning and we follow them but we are also flexible. If you have special requests don't hesitate to drop us an email. I can assure you that we will do our best to accommodate what you are looking for.

I publish our reports to show how our system works. You can certainly limit your trades to one EA only. There is no obligation to buy every EA.

Quote:
"I lost money with it, then I quit. Don't ask me how long I used it, as this question is not necessary, just check their performance."

I was courageous and still am, my name's the one you read. I'm not a competitor, but I didn't try your system much, as I was afraid of those results in FX-Performance.
I trust you when you explain me this, as this makes sense, weird, but sense. Hope you agree with me as well that from my point of view all this statements and links from your website and so on, didn't look very nice, actually.

I understand you stopped sending signals of those were the real reasons, I'd have done exactly the same in that case.

Please accept my apologies when i told you a liar, but you said you didn't know where that report was coming from, and now you showed me you actually did know, but that was quite large to explain.

I liked you defending your system hard, even when you must admit it's losing 50% of the benefits in a very short period right now. Hope it will recover soon...

Now everything is clear, I wish you well. Happy New Year, Al.

I haven't traded this robot, so obviously I am not going to rate it, but in some pretty intensive study of it, I do have some concerns I wanted to comment on.

1) The "One Year of Live Trading" results shown on their website shows an annual return of 137.8%. Not completely earth shattering in the world of forex, but not bad either. However, in analyzing the results a bit more, I saw that these results are almost entirely due to the performance of GBP/JPY. If you take away GY from the performance, the annual return drops from a respectable 137.8% to a paltry 14.6%.

What that tells me is that the performance on every other pair is mediocre at best. Of the 12 pairs it performs on, 5 show losses, and of the 7 that show profits, none are anywhere close to the GY in performance. So, if the GY performance for the year was just an abberation, and it suddenly stops performing so spectacularly, you're kind of screwed it would seem.

2) The website states you get "4 months of updates and support" when you purchase the product. 4 months?? WTF? Every other robot I've seen offers LIFETIME suppport and upgrades. Why do they cut it off at 4 months? And what do you do after 4 months?

3) Per the website, the robots can be traded on as many demo accounts as you like, but only one live account.

Anyway, I plan to do some more intensive research on the available info and results that they post. On the positive side, I am impressed with how transparent the company is. That is comforting. However, the robot(s) still needs to be something I can have confidence in before I'll shell out the sizable investment to buy it.

We'll see...just some initial comments based on my research for what it's worth.

This is a response to the comments posted by "Jordi Valenzuela".

You are ignoring the time when we published that newsletter and then try to accuse me of providing incorrect information which is a false accusation. That newsletter was published in January 2008. At that time we used to send email signals to FX-Performance. As I mentioned earlier we stopped sending them those signals later in July 2008.

The main reason was because we found out the time difference between when our system generates signals and when they convert them to actual trades and also the addition of 1 extra pip per trade (as commission) would jeopardize the results. There were cases that they missed some of the trades because the trade was off quote (due to delay in receiving the signals), or their server was down, and many other issues which resulted in results that were far away from the actual PipBoxer. If you do not believe me you can contact them directly to see if they have ever directly traded PipBoxer EAs.

So back to your question, in January 2008 I was under the impression that they actually represent our system but after a few months we found out their results are way different from ours and our customers.

Even if you consider me as a lier you can admit that their report is outdated (no trades since late July) and you are referring to a newsletter that was published about a year ago.

ForexPeacArmy is not my website. All the reports here with ratings are published by others so I have no control over them. I welcome both positive and negative reports here. What I do not like is a false accusation. I am courageous enough to defend myself and also publish my live trades account.

I wish you were also courageous enough to use a real name because we do not have a customer under this name. You are either a competitor who reports falsely under an imaginary name or a client who has traded PipBoxer for a few days and have stopped after a couple of losses. I hope the second guess is correct.

Quote:
"I am not quite sure what that report comes from. Whatever it is, it is not the actual PipBoxer EAs."

Come on! Don't lie to me, please!
If that's not a report of Pipboxer, why do you have a link on your website's company (Investatech) that send us to that report on FX-Performance?? Please everyone check this:

http://www.investatech.com/newsletters/nl_080117.htm

You are showing different links to Pipboxer results or reports (even there's a link to this review on FPA) and.... Oh My God!, the first link I can see says "Pipboxer on FX-Performance". And clicking there appears exactly the same bad performance I posted. But now are you gonna tell me again that is not a Pipboxer performance??

So please let me know when were you lying:

1/ When you first posted a link on your website saying "Pipboxer on FX-Performance", but weren't Pipboxer results actually?

2/ When I showed those poor results but you said those weren't from Pipboxer?

3/ Both?

I trust you when you say you stopped sending signals to FXDDAuto, as I can see there are no trades since July. But the signals sent there until July were yours, anyway, so those bad results are yours, and from your PipBoxer system (as even you say on your website), not other!

Please explain, but no more lies...

This is a response to a comment by Jordi Valenzuela. The FX-Performance report is not valid. First of all it was based on email signals not the actual PipBoxer V2. On the other hand we stopped sending them signals back in July 2008 (more than 6 months ago). I am not quite sure what that report comes from. Whatever it is, it is not the actual PipBoxer EAs.

I don't like to rate any EA or signal service by their customer service, but the earnings I get. Good or bad is an extra, but I prefer to talk about facts.

I have a real acccount with FXDDAuto. This account let me grab different automated systems to build my own portfolio. One of this systems is PipboxerV2, and it doesn't get good results. I lost money with it, then I quit. Don't ask me how long I used it, as this question is not necessary, just check their performance.

See historical results for the last 12 months:

EURJPY +16,494.40$
GBPJPY +11,456.10$
USDJPY +10,079.00$
NZDUSD +9,417.70$
USDCAD -2,209.85$
AUDUSD -4,382.00$
GBPUSD -7,481.00$
EURGBP -12,387.00$
EURUSD -15,508.30$
USDCHF -29,079.20$

May the system win on some pairs, but in average they are losing -23,600.15$!!

I'm not lying, anyone can check this performance here, anytime, it's almost real-time:

http://fxdd.fx-performance.com/Default.aspx?p=10&t=1&sorting=2:1&filter=PipboxerV2

Al, please, confirm this is your system. And, if so, please explain us why we can see so many good reviews with such a poor performance.

There are times that you make important decisions in your life. I made one of those important decisions about 8 months ago. I purchased a package of PipBoxer and left my Forex trades to them. I am glad I did. PipBoxer amazes me all the time. It somehow makes correct decisions in terms of the direction of the market most of the time and when it doesn't its money management tools come into play and save you.

I was so pleased about PipBoxer that when I noticed that Al the programmer is here in London I found him and paid him a visit. He is polite, professional, and down to earth. I really enjoyed his company and his knowledge of Forex and programming.

I wish him the best and give his system 5 stars. I truly believe he and his system deserve it.

Thanks Al

As a member of forexpeace army id like to offer this review on pipboxer which i uncovered on that forum. I have found peacearmy to be an invaluable resource helping the unsuspecting trader to avoid all the pitfalls in the market. I have tried many EAs , while some work, most seem to share the common time-bomb of not placing a stop upon an order fill. I have found Al's pipboxer to have the most well thought out methodology as well as superb money management tools. While not the cheapest in the market, the old adage of you get what you pay for comes to mind. Goldie, Al's assistant who handles tech support, is most responsive to any questions that arise. There is much documentation available on the boxers site. As well as a real time blog to follow trades with. But the one true test of any commodity is whether the originator actually uses it himself. If he would not trade his money with it, why should you?`Boxer maintains a live account. As a professional pilot i never leave the ground without knowing my equipment is trustworthy and sound. This EA is worth a test flight.