StealPIPS – How To Rob The Forex Market Legally!

Overall Rating:   (4/5 Stars)
My Wealth Mastery Status (02 April 2010): Partial Approval – Demo Trading
Buy Now: http://www.mywealthmastery.com/stealpips.html

Creator: StealPIPS is a creation of Matt Delen. I could not find much information on Matt on the internet. It appears Matt started off forex trading manually. When he realized that trading manually takes lot of time and patience he decided to try an automated forex robot. As you can probably guess, Matt ended up with heavy losses. Naturally Matt reached at the conclusion that the forex robot he used was a scam. So he decided to create a forex robot based on his profitable manual trading system. Guess what, Matt had incurred heavy losses again. Just when he was about to conclude that trading with forex robots doesn’t work, he noticed mysterious behavior with his trades’ “stop loss” and “take profit” points. That’s when he realized that it wasn’t the robot, but his broker manipulating his trades! Now, Matt is more of a trader than a programmer. So he didn’t have the expertise to create a forex robot that can prevent broker manipulations.

With an almost empty account with the forex broker Matt decided to try his luck in online gambling. That’s when he stumbled on a group of underground black hat programmers in a gambling forum who are experts in creating bots for online gambling. With the help of these programmer geeks Matt developed his new Forex Robot called Steal Pips.

Price: $97 (it seems the regular price of the EA is $297 but is offered at $97 at the moment. I don’t believe the price will change to $297 any time soon)
They offer two upsells after you purchase StealPIPS EA – Upsell 1 (Advanced StealPIPS EA) for $77 and Upsell 2 (Manual Trading System) for $47.

Release Date: 30 March 2010

Pairs Traded: USDCAD

Timeframe: 4 Hours

Trading Window: 24 hours a day, 5 days a week

Trading Strategy: StealPips only works on the USD/CAD currency pair on a 4 hour timeframe and has been designed to recognize trade opportunities not only during a trend but also during technical corrections.

Steal Pips system employs two proprietary algorithms – Automated Price Action Recognition (APAR) is a set of algorithms that analyze and forecast short and long term price and market behavior. It doesn’t use any indicators. The Trend and U-Turn Points Detector (TULD) algorithm is used to recognize market trends and identify market turning points.

In addition to that, the system is able analyze fundamental market scenarios and adjust to them automatically.

Other features are pretty standard for a Forex robot. It’s fully automated, supports 5 digit and ECN brokers, includes stealth mode/broker protection, and offers money and risk management system.
StealPIPS Advanced EA offers diversification across the short term AND long term: the robot works on two different timeframes:

• Short time frame – trades frequently, large quantity of trades, more dynamic and intensively “lives and breathes” the market.
• Long time frame – more “solid”, safe, with lower frequency of trades.

StealPIPS Advanced EA Works on two currency pairs, which offers even more diversification.
What You Get: The StealPips system is delivered through a download link, much like any online software purchase. The file that you download is a zip file and all you need to do to install the system is unzip the folder and follow the onscreen instructions. There is a manual included that takes you through every stage of the set up.

In addition to the StealPIPS system, you will receive the following bonuses valued at over $1,000:

• A $500 trading bonus at one of the few reliable forex brokers on Matt’s private rolodex
• “Spread Detective software” valued at $350
• “Risk & Money Management for Part-Time Trading” and “The Trader’s Emotional Toolkit” valued at $197
• “Trading Successfully” valued as a priceless gift.

License: StealPIPS uses code guard protection. This prevents unauthorized use of the StealPIPS, hacking/piracy and prevents serial refunders from purchasing the product and then refunding. It’s a license system and once someone refunds, their access will be restricted.Installation: The guide contains all needed information to setup the system and installation is simple. Installation should not take more than 5 minutes, even for a beginner.

Customisation: There is not much to customise. When you go in to the software you will see the default parameter setting, which you are advised against changing. I would definitely suggest that you follow this advice if you are a beginner or new to trading.

Money Management: StealPIPS can be customised to suit your trading goals and risk profile. The EA offers two settings – conservative and aggressive.

Broker Requirements: StealPIPS can be used with any MT4 broker.

Proof of Results: The back-testing results are available on the website but it omits the drawdown or winning rate and it shows some big losses, the average win is higher than then the average loss during the period (Average Profit to Average Loss ratio of about 1.4), and that’s an indication of a well capped strategy. The live trading statements are also included but they are very short (1 week) to say much and don’t even have a losing trade which would show how the EA deals with it. It is, however, obvious that the system moves stop loss to lock in the profit for each trade which indicates good risk management.

Support: Support is available through email.

Money Back Guarantee: 60 day, 100% money back guarantee through ClickBank.

Pros

• The system is not broker dependent
• The system can be customized to suit your trading goals and risk profile (available in StealPIPS Advanced EA only)
• It comes with a 60 day, 100% money back guarantee
• The system uses proprietary algorithms and is very easy to setup.
• The system is well priced compared to other products available in the market.
• Proof of Trading (Back test and Live Trading) statements are published on the website.

Cons

• StealPIPS is designed to work with only one currency pair. StealPIPS Advanced EA can be traded on two pairs.
• Back test results on the website do not show drawdown or winning rate.
• Live Trading statement on the website shows trading results for 1 week only.
• The creators offer two upsells when you purchase StealPIPS. They should consider offering StealPIPS and StealPIPS Advanced as one product.

Overall Rating: (4/5 Stars)Final Thoughts: As a forex trader myself, I’ve found the system is easy to understand and has seen an improvement in my trading profits. It is very important to remember, as with any system or trading formula, do not invest money that you cannot afford to lose. So take control of your financial future and learn to make money in forex markets like the pros!

Buy Now: http://www.mywealthmastery.com/stealpips.html

Performance Results
Add link here

Cash Back Offer For MyWealthMastery Users!
My philosophy in life is to add value, to make things better. So, I was thinking how I can make it better for the users of my website. And, then I got the answer – Cash Back Offer. For every sale that happens through my website, I get a commission from StealPIPS. If you buy the system through a link on my website, I will share some of that commission. Yes, you heard it right – I will share some of my commission with you! In fact, I will pay you 50% of the commission I receive. That’s awesome – don’t you agree?

Please Click Here for more information on Cash Back Offer for StealPIPS

ABOUT THIS REVIEW
I have been trading Forex for a number of years and have traded shares, options and futures as well. I have spent tens of thousands of dollars on various expert advisors, systems, strategies and seminars. Some of the products worked for me but most did not. Sometimes it is so easy to get sucked in by the marketing hype created by the promoters of various products. I have to admit, I have done this many a times myself. After buying some of the duds, I felt there is a need for someone to provide an unbiased opinion on these products. With this review service, I hope to give you my honest, no bullshit assessment of this product. My commitment to you is that I will not be recommending a product that I do not believe in and will not be willing to use on my real account. Yes, if you buy through my website, I get to make commission from the sale but to show my commitment and the desire to help you out; I will pay you 50% of the commission I receive. That’s awesome – don’t you agree?

Please feel free to provide your comments on StealPIPS on my blog.

Happy Trading!

Print PDF