Turbo Pip Master EA: A Comprehensive Review

The Turbo Pip Master EA is an automated forex trading robot that promises high profits with minimal risk. But does it deliver on its claims? This comprehensive review provides an in-depth analysis of the Turbo Pip Master EA based on available information and user experiences.

TURBO PIP MASTER EA main

Download Free TURBO PIP MASTER EA

Overview of the Turbo Pip Master EA

The Turbo Pip Master EA is marketed as a set-and-forget forex robot that can generate steady profits on autopilot. It is designed to work on the popular MetaTrader 4 trading platform and trade multiple currency pairs across different timeframes.

Some of the main features highlighted by the vendor include:

The vendor claims that the Turbo Pip Master EA can deliver exceptional results with winning rates of up to 85% per trade. However, as with any forex robot, claims of profitability need to be taken with a grain of salt. Independent testing is required to validate marketing claims.

Working Mechanism of the EA

According to the limited information provided, the Turbo Pip Master EA seems to use a combination of technical indicators and price action analysis to identify trading opportunities.

It monitors the market across multiple timeframes to determine trend direction and strength. Once a high-probability setup is identified based on its algorithms, the EA will automatically execute the trade.

The robot also incorporates trailing stops and other exit methods to lock in profits as trades move in the intended direction. If a trade turns against it, the EA will exit at a predetermined stop loss level to limit losses.

While the exact logic is not revealed, this appears to be a trend-following system that aims to ride longer market swings. The EA seems flexible enough to trade different currency pairs and timeframes based on the parameter settings.

TURBO PIP MASTER EA

Real User Reviews and Ratings

To better evaluate the performance of the Turbo Pip Master EA, we need to examine real user reviews and ratings.

On Forex Peace Army which is known for its honest ratings, the Turbo Pip Master EA scores an extremely poor 1.4 out of 10 based on 5 user votes. Users have reported issues such as constant losses, high drawdown, lack of support etc. One reviewer lost their entire account due to the EA’s poor performance.

On other independent forums like Babypips, there is limited feedback available on the Turbo Pip Master EA. One user testing the EA reported unsatisfactory backtest results which did not match the vendor’s claims.

Overall, real user reviews from unbiased sources point to poor performance and a high risk of losses when using this EA. The lack of transparency from the vendor is also concerning.

Live Performance Results

The best way to evaluate any forex EA is by examining verified live performance results from a real trading account. Unfortunately, the vendor does not provide any recent live results for the Turbo Pip Master EA.

There are a few outdated MyFXBook results from 2015-16 which are no longer relevant. One verified account shows massive drawdown of nearly 50% on the EA before it was eventually stopped out completely.

The lack of any recent live results raises red flags about the profitability claims being made. It appears the vendor is relying on marketing hype rather than actual trading performance. Without proof, traders should remain skeptical of promised gains.

Pricing and Support

The Turbo Pip Master EA is sold for a one-time fee without any recurring monthly costs. The sales page shows a discounted price of $15 but the original pricing seems to be around $1500 which is rather expensive for an unproven EA.

There are some concerning reports online about poor customer support for the product. Users have complained of delayed responses or no follow-up from the vendor when requesting assistance. Considering the high price, sub-par support is unacceptable.

Verdict: Proceed With Caution

In summary, this EA makes bold claims of providing an easy path to forex profits. However, there is little evidence backing up those claims in terms of real user reviews or performance results. Too many red flags remain which prevents a recommendation.

The lack of transparency, excessive backtest optimization, outdated results, poor support etc. are issues that need to be resolved before considering this EA. Until the vendor can substantiate their claims and provide proof of consistent profitability, traders are best advised to avoid risking their hard-earned money on this product.

Proceed with extreme caution or consider more reputable alternatives backed by positive community reviews and verified live results before purchasing this EA.

Forex Kingle Scalper Robot

Check our advanced Forex Kingle Scalper Robot

Alternatives to Consider

Here are some of the top-rated forex EAs that have been extensively tested and have gained trust within the trading community:

Forex Gump EA – One of the most popular EAs with hundreds of positive reviews. Verified live results show consistent 10-20% monthly gains.

FXStabilizer EA – A low-risk EA with live verified results since 2012 and over 3000% net profit. Excellent user support provided.

Forex Cyborg EA – Top-rated EA with innovative algorithms and verified gains of over 800% profit since 2017.

Forex Megadroid EA – A long-standing EA in the market with a reputable developer. Low drawdown and live results available.

FAI Forex Growth Bot – Newer EA with exceptional live results, over 370% net profit in just over a year of trading.

These alternatives have established track records and come from reputable developers in the industry. They are far safer options compared to the unproven Pip Master EA which carries much higher risk.

The Final Word

The Turbo Pip Master EA makes big promises but fails to deliver convincing proof. While the concept of an automated trading system generating passive income is appealing, traders should not get swayed by marketing gimmicks. Conduct proper due diligence and test EAs thoroughly before committing real capital. Choose proven products with transparency, positive community reviews and verified performance history. Avoid falling for hype and empty promises from shady vendors. Stay safe in your quest for forex trading success.

Author: Dominic Walsh
blank

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

Leave a Comment

Hey.lt - Nemokamas lankytojų skaitliukas