StealPips.com Review

Yo! Great marketing Matt . My experience with this.OK! Listen whoever wanted to buy this junk.
1. bought this on 4th June 2010
2. trade only 0.2 lot
3. fair performance. Open trades not often. Sometimes 2 weeks once.
4. O.k few trades gave profit. Not bad
5. 5 trades open, 4 win 1 loss. acceptable
6. things turn awry.
7. 15th July open trade @ 0.2 lots loss 200 ++
8. Same date open 2nd trade @ 0.4 lots loss 350 ++
9. SAME DATE open 3 rd trade @ 0.8 lots loss 480++
Action: I stop the EA immediately and go to click bank for charge back even though the junk product expire 60 days guarantee period.
Well, I have expected I won't get reply nor refund!
After review if those still interested with the SCAM product, go ahead and try it yourself. All the luck to you.
This is something like FAB TURBO method used to scam people.
Rating? Not even worth one star.
Thank you for reading.

Liars and Thieves!!

Why do I say that, well, what do you call a person who does not tell the truth? And what do you call someone who steals from you?

Matt Delen and his crowd are exactly that. Their website is full of performance promises, they sport a risk free trial and they promise 'excellence in customer service' - absolutely none of it is true.

I've repeatedly requested a refund (during the trial period) and have been met with dead silence. I thought I was safe going through ClickBank but they'd set it up with no refund option and instead asked you to email their support (ha .. 'support' .. what a joke!).

I now firmly believe the only way Matt Delen is making money from Forex is by ripping people off. He certainly is not making it from his StealPips robot (perhaps 'Steal' would be a better name for his robot - something he knows all to well!). He had no intention of helping people if he could sell a piece of junk like that!

Even when you try to leave his site a popup appears begging you to download a system of his. When you type in your email and click the DOWNLOAD button, nothing downloads - it just subscribes you to his email list.

Did I say he was a liar?

These guys certainly have great marketing skills, but the product is useless and worthless. There have been no trades for 2 weeks.....and whilst that means no losses which is good, there has been no profit! All I get back is standard blurb" it is quite common that there will be no trades for a few days as the EA will wait for the right conditions" etc etc. Refunds requested.

PUT A FORK IN IT.
With just under $800 in the account it opened 2 trades at .2 and .4 lots! Stopped at loss of around 225. Current equity at 567.
I'm done.

Now I'm getting emails not promoting it's success, but opening it up for 2 more people at $7. My spot is opening. You can make it 3.

2010-04-13 12:00AM 1 Star As of 4/13, these are the exchanges I have had with StealPips Cutomer Service regarding the lack of activity on my accounts. (Please note this is through ClickBank via the Customer Service Link on the purchase receipt - that way, they know what's going on as opposed to just writing to the vendor customer support)

Action: COMMENTED: VENDOR : 2010-04-04 05:19AM
Comment: Hi Steve, the results you have described are unusual. Please make sure to apply the robot only to the chart it should be applied to: StealPips should be attached to USDCAD H4 chart and StealPips Advanced should be applied to H1 chart only.
Please make sure that the settings are as instructed on the user guide.

Action: COMMENTED: CUSTOMER : 2010-04-12 10:46AM
Comment: USDCAD-H4 only. Since Release one demo has only executed 3 trades in the firts 48 hours. 2 at max loss (approx 5.5% each), one at about 5.5% gain. Zero trades since then,. On april 6 I set up a 2nd account with a different borker and still zero activity. ALL setups are correct. So while I am getting NOTHING, I still get affiliate emails proclaiming quite the opposite. I have requested a current live statement or live access and have been ignored. I have only been told there was a profitable trade on April 1, that was 4 days prior. Pretty much tells me nothing.

Action: COMMENTED: VENDOR : 2010-04-13 08:12AM
Comment: Hi Steven,

Can you please attach your trading statement? the results seem unusual. Please email it to support@stealpips.com

Action: COMMENTED: CUSTOMER : 2010-04-13 12:29PM
Comment: No, I wont. I have been making requests (from Irene) for statements from release date to the present and getting no co-operation. Your official website shows nothing after the release date, not to mention stradegy tests, which prove nothing,

Affiliate emails linking to proof, show virtually nothing as well. Now, I had 2 stopped out losses on 3/30-3/31 and 3/31-4/1, and a gain 4/7-4/8. That’s it. No other activity. On 4/6 I opened a 2nd account with a different broker. No activity.

Your proof statements as posted, relative to trades after 3/30 show only one small gain on 4/2 of 9.90 and that was on a full lot size on a $1K account. No other trades. NO ONE should be trading full lots on $1K.

$5K account three trades including a major $400+ gain on 4/1, also 1 lot, that did not execute on the $1K account. Another on 4/2 for $19.80 and the repeat of the $9.90 that was on the 1K.

The 10K account only show the $19.90 trade.

What does all this prove. THERE IS NOTHING UNUSUAL ABOUT MY ACCOUNTS. Since release. Virtually no trading has taken place and by your own posting, there is no consistency. Why would the 5K account show the one massive gain that does not even show up on the 10K or 1K given the same lot size execution. Clearly post release is doing nothing which makes all the post release affiliate emails nothing but fraudulent statements.

2010-04-12 12:00AM 1 Star Since my last post.
Within the 1st 48 hours of a $1K demo. 2 trades stopped out 55.15 loss(3/30), 52.33 loss(3/31), 53.47 gain (4/7). That's it in almost 2 weeks and I still get the affiliate emails of PHENOMENAL success, therefore I rate it one star. It's NOT DOING ANYTHING.

2010-03-31 12:00AM No rating 24 hours after release. I have a lot to say.

Pre-Release was great. Very prompt and responsive email exchanges. And a somewhat satisfactory live chat.

I asked about beta testers. There were 5, they paid for the system. None asked for refunds, so I was told. The live chat rep didn't have a system - said they had to wait for release, too. Hmmm. I had noticed that the live statements were only USDCAD. Wasn't specifically noted on site, but confirmed that was all it applied too. Noted that the conservative 10K settings would only translate to .1 lots on a 1K account. I was specific about trading mricro-lots down to .01. Was specifically told the lots and risk management were adjustable. That was a lie or he was just misinformed. There is no lot adjustment - just risk management down to 1%, so $1000+ account can adjust to no lower than .1

I asked about specific broker recommendations, was told preferred brokers are all listed in the members area.There was ONLY one, Forex-Meta.

Now, on the site the video testimonials specifically mention the price at $149. Great marketing gimmick, because it's only $97. So you think you are getting a good deal. If you have done this enough, though, YOU KNOW that if you click off you will be told to wait and you'll get a discount. First it was $87, kept clicking, then it was $77 (final), that's what I bought it at.

OK, so bought in, just after 9am. All the bonuses were all the same boiler plate bonuses supplied by all the EA sellers. There's a red flag for ya.

The EA runs off of a 4 hour chart.
I tried other pairs and time frames. Only noticed later in the journal listing that it rejects anything else. That's not necessarily true with other systems.

So, the first buy trade hit in the afternoon, off a price spike. No confirmation. I looked at the 1 hour, 15 min, and 5 min. - ALL POINTING DOWN OFF A SIMPLE STOCHASTIC INDICATOR. ANY NOVICE WOULD NOT HAVE ENTERED THIS TRADE. Quickly down 1%. Sustained to 1

I am not impress with StealPips. On a scale of 1 to 10, I would have to give it a 1, mostly because no trades have occurred. With the erratic Forex market fluctuation in the last two weeks, the Atomic Summit in DC, the bombings and the French response to hostage demands in Afghanistan, I would expect at least one or two trades to have taken place...win or lose. Sorry StealPips, you get a bad, bad, bad gray star from LaurensDeGraff.

I too bought this one when it first came out and have it running on a demo account at forex.com and haven't had ANY trades ... not losing ones, not winning ones, absolutely nothing. It just sits there on the chart with the little smiley face and does nothing.

Although I much prefer nothing over losses ... but still, nothing is still, well, nothing. And I didn't pay for nothing (did I?).

And besides the affiliate you-know-what, I haven't heard of anyone getting the kinds of results they published in their ad copy. Also, something I found quite interesting, they sent out an email recently advertising their VPS setup and how important it was to get that due to the possibility of "ghost trades," among other things that could go wrong ... you know, those losing trades that 'mysteriously' happen with robots on your home computer but that can't possibly happen with their VPS service?

Yeah, right ... I don't think so, Tim. Not buying that one. And asking for a refund on this one.

I probably should have waited on this one. Both the standard (4hr UsdCad) and Advanced (1 hr GbpUsd and GbpJpy) robots have been running on live account (MigFX Standard) over 72 hrs and no trades. Unable to backtest for whatever reason.

Sent email concerning failure to backtest... replied but did not answer. Sent second email regarding restrictions (account type, margin required, etc...) and still no answer.

Will be requesting a refund on this one.

Want to thank the Steve guy who gave a lengthy review so far.
I am keeping an eye on how he does.
I just bought this deal and they have way too much hype and bs on this deal, and currently I dont trust it.
Although, they have responded in email very well a couple of times.
I wouldnt have bought without clickbank quarantee, probably will be using it.
They say it works on price action, Okay. hum.

Michael L

So I have purchased the program the standard version which is basically the program that places short trades and it only works on 2 currency pairs. Then there's the advanced version which you have to pay an extra $77 for and only works on one currency pair and that is for a long trade. The setup is very similar to forex ripper except the ripper is setup for all currency pairs. I am not confident the steal pips program will live up to its hype will see how it goes in the first week of trading. One thing i am a bit annoyed at is they are saying thousands of people have bought this program but no one has put in a review but when i bought the program i was one the the first 150 people to purchase as there was a special bonus for the first 150 people if thousands of people have bought the program that offer would not be available now. Oh and there is the manual version, indicators for entry and exit points have not installed that one yet. To top it off they threaten to take the site down will wait to see if that really happens. Will be back to give an update on the stealpips progress. Oh and becareful with the detective bonus program when i downloaded it there was a virus attached to it good thing my antivirus was working. If anyone else gets this virus when they download the program let us know in your review.

The download and installation went smoothly without any hiccups! At least these guys are completely professional in their approach. Unlike all the other guys that released robots since the start of this year. Of all the robots released this year, I must compliment them on their robot - at least something that work right out of the box AND show great results. The executable to auto install the robot ex4 and dll files - top notch stuff and many newbies will always be grateful to them for that!

On a back test run from January 2009 up to December 2009 I achieved a result of $850 from a $500 deposit. This gives close to 5% gain per month! Not many robots can achieve this. Word of warning though, StealPIPs uses a Martingale recovery system to recover from losses. Thus lots are increased by double increments after each successive loss. If a trade was opened on 0.01 lots and it resulted in a loss, the next lot is 0.02. If that loses too, the next is 0.04 and so on. Any system that uses a Maringale system have a great possibility to wipe any account if enough sequential losses occur. It is not a matter of IF but only of WHEN. Apart from this, this one looks like a WINNER!!!