Easy Forex Pips is a powerful Forex trading analysis tool that supplies signals to users. As such, the service can help you attain great results. According to the devs, the signals have a 79% accuracy rate, thanks to their detailed analyses.
The company behind this service is composed of a team of traders having over 5 years of trading experience in the financial markets. Its mission is to develop a home for new and current traders to learn, grow, and earn together.
Easy Forex Pips strategies and tests
We have listed the features of the service below:
- Signals are sent daily through email or the Telegram app.
- Short and long term signals are used, allowing you to select the one that best suits your needs.
- You will receive info on the best time and way to trade as well as which currency pair to use.
- Signals are posted whenever a trading opportunity is identified between 8am and 5pm (US and UK sessions) at GMT +2 or GMT +3.
The devs say that their experienced traders apply various manual trading strategies to the markets. They are guided by technical indicators in assessing and making decisions, which are then turned into buy/sell signals with entry points, possible targets, and stop losses.
The traders also mention applying a trend following strategy on the H4 chart. Trend following indicators, oscillators, and support and resistance levels are particularly used to identify entry points as well as spot possible target areas. More so, they merge areas and levels of previous market price achievements along with levels of Fibonacci expansion.
Backtesting results for this service are unavailable. So, there’s no way of knowing if the strategies used by the professionals work on past market data or not.
Easy Forex Pips live trading account review
The above account was opened on July 30, 2019, and as you can see, the EA’s activities have led to a total gain of 210391546.12% so far. This is after making 98.60% worth of profits monthly. The drawdown (16.55%) is low. However, it is suspicious that the devs are unwilling to reveal the other trading parameters, such as deposit, profit figure, equity, account balance, etc.
We have 15043 completed trades, but from the average win (91.30 pips) and loss (-165.20 pips) values, we can tell that the orders haven’t been lucrative enough. In effect, most of them have a higher probability of making losses rather than profits. The average trade length is 4 hours and 5 minutes, while the profit factor is 1.71.
The system is very active on Tuesdays and Wednesdays. It occasionally conducts trades on Saturdays.
The EA carries out hundreds of trades throughout the day, except at midnight.
The vendor offers several pricing packs for traders interested in the service. The monthly, quarterly, biannual, and yearly plans cost $45, $75, $105, and $100, respectively. All options feature live Telegram alerts, 4-7 signals daily, 1-3 targets per trade, daily chart analysis, 4000+ pips monthly, and money management tips.
Is Easy Forex Pips a good system to rely on?
The service is fairly profitable, so it can grow your portfolio substantially. The company also has a good reputation, a sign that it delivers what it promises to users.
This platform is generally loved by traders. As you look at the screenshot below, you will realize that about 90% of the 336 traders who have reviewed the service have positive things to say about it. For instance, this satisfied lot intimates that the signals are efficient. Only a small percentage of the community (9%) is discontented. In effect, one trader reveals that the signals might be useless, given that the professionals supply them when it is too late. So, you can lose money.