I just learned in December of 2008 that a Money manager service was launched and has a new web site called Pip tronic but before you rush to wire money to this Investment Money Manager! I need some reviews on this new Forex Money Manager, I want to know if Piptronic.com is regulated or has a membership to the NFA or is this another Currency Money Manager scam! Because forex is loaded with lots of fake money manager that will steal your money and take off! So let’s find out if the returns that Piptronic is offering realistic and believable! please leave on honest review and this will make it easy for us to leave a fair ratings score on Piptronic -A Forex Expert Advisor That Will Change Everything.

This robot made money for the first a few days. Then started losing very badly and lost all it had made before. I learned that these robots can only work when the market is in a very narrow range. They just take a random position and wait for it to go to profit for a few pips. Having a 150 pips stop for an 8 pips profit is the most ridiculous thing that a trader can do. Then I asked for a refund and have not received any reply from three days. Be careful

I purchased this software at the end of November. It trades fairly well at the beginning, but the 1 loss trade took all the profits away. A second loss trade took away part of the initial investment. I used the same broker that is advertised on the site (FXOPEN) and their forward live results do not show the loss. I used the default settings. I have to declare this as a scam because I asked for my money back from the creater Jon and have yet to see my money or a response back.

I earlier sent in a review of Piptronic. To be fair to the seller, I found out that he did in fact refund my money--I just did not get a timely email from Paypal to that effect. I still, however, did not find the EA to be stable as it took a substantial loss. I think it works well only in a certain trading range. I would like to amend my earlier post to two stars. No problem with the seller but I had a problem with the EA.