The new Forex Robot named Steal Pips by it’s creator Matt Delen is still under wraps as I write this, but the early signs are that this new robot could be a “must have”.
Why Steal Pips could be a “Must Have”…
Even before launch there are early signs that Steal Pips could be a on track to revolutionize the FX EA market. However, it won’t be the first and it definitely won’t be the last. The early signs come from a short period of live trading that has been made available to the public. The live trading results as I write this today cover the period of 18th March 2010 to 25th March 2010. And, I have to say they are quite impressive. Not one loss in the mix and trading mostly 1 lot size it was able to triple a $1,000 account in just a few days. Personally, if you trade 1 lot on a $1000 account you are in the very high risk category from my perspective, but nevertheless they were confident enough to do so credit to them. Let’s take a look at these results in detail:
Click Here to see the live trading results in detail.
What do the Live Trading tell us?
After taking a closer look at their impressive results which turned $1,000 into $3,402 I can tell you the following:
- USDCAD – Currency Pair
- 100 pips – Take Profit (Never hit)
- 100 pips – Stop Loss (Never hit)
- 4-55 pips – Profit In Pips
- 1 Day – Typical Length of Trade
Also of note is that some of the trades lasted only a few minutes taking their profit quite early while the majority were between 4 and 24 hours there was one which lasted 4 days of which 2 days were taken up by the weekend.
I’ve been in contact with Matt, and his team at Steal Pips, looking more information on this promising EA. They assured me a full and detailed back test will be available when the launch in a few days so I’ll have a close look at these when they are released. Until then take a look at one of their testimonials below…
