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SuperPipPirate.com (Steve Hanson)

Discussion in 'Forex Software' started by Administrator, Apr 4, 2012.

  1. Administrator

    Administrator Just Administrator :-)

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  2. Scammer Annihilator

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    During my recent research, I found that the Forex Robot, called the Super Pip Pirate, exhibited serious concerns both with its functional ability and promotional material. I informed its Marketing Manager, Steffan Redhawk of Glacier Advertising, MI, USA, about my findings which must have eventually struck a nerve causing him to dramatically over-react.

    The main Super Pip Pirate website, Super Pip Pirate, is nothing more than a drawling long sales page similar to ones used by other Forex robots now known to be scams.

    The design of the Super Pip Pirate is based on hedging which is banned by the USA regulatory bodies CFTC and NFA as it causes very high levels of risk. The results posted on the website display all the poor trading attributes that resulted in this hedging ban.

    As you are forced to use Forex Brokers in other countries in order to hedge, most of them will be unregulated. This means that you will have no comeback if any of these brokers use unethical trading practices which many do. A free trial of the Super Pip Pirate encourages you to join one of them making you enlist via the introducing broker links of Steffan Redhawk. This means that Redhawk will profit substantially from your trading whether the Super Pip Pirate works or not.

    The combination of hedging, unregulated brokers, trading exotic currency pairs and scalping produces such large risks that your deposits can be depleted very quickly. Hedging exotic pairs can generate spreads as high as 50 pips or more causing abnormally large charges. Redhawk will profit from them personally.

    The different price feeds provided by the unregulated brokers can make performances of the Super Pip Pirate vary dramatically from any advertised figures leading to utter failure over time.

    I am seeking the advice of relevant bodies about these and many other problems in order to protect fellow traders as the Super Pip Pirate could well become the granddaddy of all Forex Robot Scams.
     
  3. Scammer Annihilator

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    There are rumours awash that those associated with the Super Pip Pirate are about to be investigated by USA federal authorities.

    Will keep you posted if more concrete evidence becomes public.
     
  4. Steffan Redhawk

    Steffan Redhawk Recruit

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    Jump On Board

    Ahoy Maties!

    Arrrgh, it be true that a first mate like meself has issues suffering fools! Be it known that our land lubber 'Scammer Annihilator' was comissioned by none other than meself, and me captain for the purpose of writing of the articles! Aaargh pirate language is often not so easy to read for many land lubbers!

    All kidding aside, the individual above was hired to write a series of articles related to trading in forex, getting started in forex, and on Super PiP Pirate itself. I paid him for his work, but was not satisfied with it overall, and let him know that. I'm actually glad that this was the first post on Super PiP Pirate with FPA - As such, I'd like to invite all of you to come try it.

    Superpippirate (dot) com This is far from an advertisement, and while we do understand that there are current FTC regulations on hedging in the US, the versatility of Super PiP Pirate is as such that if your using a broker that does not allow hedging, the bot will actually change the way it trades.

    You can see examples of these trades here:

    This is on IBFX, a non hedging US broker - This demo was started in December of last year with a demo deposit of 15,000

    SPP IBFX System | Myfxbook

    At the time I'm writing this, it shows gains of a little over 22% with very little drawdown. You'll notice the risk of ruin on this account would require 988 consecutive losses and is at less than 0.01%


    This is on Alpari UK - This is a hedging broker - This demo was also started in December of last year with a demo deposit of 15,000

    SPP Alpari UK System | Myfxbook

    Now this account is a little different, the drawdown is a touch higher, but the gains are currently at 30% The risk of ruin on this account is still under 0.01% and requires 834 consecutive losses.



    I would like to address the accusation of broker referrals - Super PiP Pirate is actually hosted by a 3rd party service called SkyDesks, the intuitive streamline setup process includes the users very own VPS with a 10 minute setup there are a slew of brokers offered, including most the major ones, your current account credentials will work. I'd like to point out that neither Steve or myself have anything to do with Skydesks, we actually pay a hosting fee for the software for each user - At this point in time our EA isn't even listed on their site yet.

    I would like to invite any admin from FPA to email me to setup a VPS for Forex Peace Army and see if the results are similar - We have a 10k account listed on our sales site that was started in the middle of March, results should be similar to that one.

    This is an open standing invitation, cost assumed by me.


    Thanks!
    Steffan Redhawk
     
  5. Scammer Annihilator

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    Scam me another one, Redhawk, cos the Super Pip Pirate is bust.
     
  6. Scammer Annihilator

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    Little Mary GoodyGumShoes said to her Mother, "Mummy, how can we protect ourselves from scammers, like Redhawk? There seems so many of them!'

    Her Mother replied, "Thankfully, sweetheart, we have the Scammer Annihilator who can sniffed out the rancid smell of scammers, like Redhawk, and Super Pip Pirate scams in seconds!"
     
  7. Scammer Annihilator

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    The Super Pip Pirate Website is finally down.

    I am wondering how long this scam would last.

    Hope not many of you lose money with this piece of scamming rubbish.

    I did my best to warn you but scammers like Steffan Redhawk are well skilled in the art of the con.

    Unfortunately, Scammer Redhawk and his hordes of scamming lackeys will be back with another scam like the Super Pip Pirate.

    Just, beware and keep on your toes.
     

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