PipForia.com Review

I have been in the business of trading for a few years now, with forex live for 2 of them. When it comes right down to it I could not trade at the level of return I am receiving monthly from pipforia. I am trading live and so is a friend of mine. Currently a 10% per month return, my friend has hit as high as 30% and yes that is in 1 month. "Money Management" is the rule to this program and if you can't follow that rule no program will make you money, period.

I have wasted a lot of time and money trying to find the right EA and listened to all the BS, I posted this today to tell all the readers that this EA is the best I have come across and will not trade anything else; I can even produce live statements if you would like to see them... Once you see the power of this program and factor in compounding over the long term you will clearly find what you are searching for: a program that trades in all market conditions makes money when it is right or wrong and protects your account balance.. Well done Pipforia you have made a believer out of me!!!

Happy trading everyone!

I haven't run this live, but am currently taking the e-class and very pleased. I will come back and update with my demo and eventually live results. BTW this is a great site.

Hi,

I am David Robinson of PIPforia, LLC. I would like to take this opportunity to respond to some allegations laid at my door by Frank Wittevrongel. He recently sent an email to us, and has subsequently posted it on your forum. This was intended to serve as a review of his experience with one of our products, a demo version of our Expert Advisor The specific posting can be found at http://www.forexpeacearmy.com/public/review/www.pipforia.com

I want to be clear about one thing. I do not begrudge anyone posting their opinion/review of anyone's product (including ours), whether it be favorable or otherwise. Freedom of speech is every person's inalienable right. However, in this case Frank has not provided you all the facts concerning his interaction with our company and its products. What follows is a more complete accounting of the events as they unfolded. I would challenge Frank to dispute a single word of it.

Here goes...

The document that accompanies our Expert Advisor product provides guidelines concerning the appropriate lot sizes that should be used for specific account balances. For instance, on a $7,000 account balance (as in Frank's situation) the initial lot size should be 0.21 mini lots. Our EA uses a grid trading strategy, whereby the lot sizes progress at different price levels. The maximum number of levels is 5. In the screen shot Frank emailed to me, the chart shows that his losing trade had progressed to 3 levels. Upon following our prescribed guidelines, the lot size level would have been 3 x 0.21 lots (or 0.84 lots). However, according to Frank the "EA had placed" a sell order for 8.68 lots. Mind you, the EA places lots sizes as configured by the user. It does not place arbitrary lot sizes on its own. Hence, the lot size Frank was using was 10 times the recommended settings. If need be, I can send you the actual screen shot Frank sent us that (ironically) substantiates my assertion.

Clearly, Frank was over-trading his account. Instead of trading mini lots, he flouted the rules and switched to standard lots. After he subsequently lost some of the equity in his account, he blamed our product for his misfortune, instead of placing the blame on himself where it clearly belonged. We certainly understand that greed gets the best of us all at times (me included). This is only human nature. Occasionally we see people doing this when they have the good fortune to get off to a profitable start with our EA. They get over-confident, ignore the rules and start trading recklessly. However, most people understand that they are their own culprit, and they just move on after learning their lesson. Frank has chosen to take the other route, and falsely place the blame outside of him. He's the victim?!

In addition to these events, it might interest you to know that Frank has conducted himself in questionable ways concerning his dealings with us. For instance:

In response to Frank Wittevrongel's review, please see my follow up email to him below. Incidentally, Frank was running a demo account, a fact that he omitted from his review. Therefore, he did not realize any real loss.

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Hi Frank;

I was sorry to learn of your dissatisfaction with our Expert Advisor. It matters greatly to me that you are experiencing these problems with the software. From your tone I know there is nothing I could do or say that would offer any degree of consolation. I only wish things had turned out differently. If there was something I could do to make that happen, I would certainly do so.

The EA not closing issue has surfaced with the recent dll update. However, this

Here is an e-mail I sent to the company:

Hi Stella,

Thank you for the refund for the $89.00.

I continue to run the demo, but frankly I will not trade this on a live account anymore. My live account suffered a loss of $500 due to wrong EA closings and inaccurate positioning as I previously mentioned. My $10,000 demo account suffered a $8,000 draw-down in order to make $60!!! That's 80% DD!!! I followed your system to the letter and I can not imagine trading this live any more.

I traded my live account with micro-lots (.01) to make $1.00 in profit. The account suffered almost $600 in DD to make $1.00!!! You surely must not trade this live and earn much more from seminars and selling subscriptions.

On that basis I'll have to request a refund for the demo as well. It's measly $19.95 but it's the principal that counts. Your demo trades completely different than the live version and your manuals are not updated to the current version.

Please confirm refund.

Thank You
Frank W.