PipFinite Trend Review Update: Another risky indicator that left many losing their trades.
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The PipFinite Trend Pro was allegedly designed to help traders predict the trend more accurately, hence making reliable profits in the Forex market place. The software is allegedly designed to filter market noise while looking for perfect entry points and exit levels in the market. Other features also include enhanced rules for statistical calculations which basically boosts the performance of the indicator.
The PipFinite Trend Pro is designed by someone called Karlo Wilson Vendiola who is located in Philippines. So far, this developer has published 19 products on their MQL5 webpage. Most of these products have not been reviewed, and so there is very little user activity about them. But PipFinite Trend Pro seems to have gained traction though, which is the reason why we are reviewing it and ignoring the others which are not popular.
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It's good to see that the developer has invested their time in publishing a number of trading products which can be found on their MQL5 sales page. The one we are reviewing right now was published in January 2018, with the last update coming in March 2018. PipFinite Trend Pro is in version 1.2.
The strategy that this trading tool uses has not been disclosed to the public though. However, the developer does provide us with some info and screenshots about potential trade setups. These setups also suggest that this trading tool can be used to trade against the trend – which is something that inexperienced traders are often warned against doing.
In addition to this, we see that these trade setups are based on support and resistance zones. That's all we are told about PipFinite Trend Pro although we still needed a bit of clarity to be able to better understand the product before buying.
Anyway, the utilization of this trading indicator seems to be very simple as per the developer's explanation. We only need to receive signals, set up take profit and stop loss and sit back to relax believing that we have killed it. Wherever PipFinite Trend Pro sends out a signal, it also publishes the potential win rate of that signal. When the signal falls below the 65% mark, traders are expected to ignore that signal alert and wait for another signal that would be 65% and above.
There are a number of benefits associating with using this indicator, and these are purely according to the developer and not us. Some of them include visual-based trend detection, enhanced statistical calculation, as well as 100% compatibility with Forex robot development.
This is an MT4 Forex trading tool, and signals can be provided through pop up, email, push notification and sound notification within the trading platform. The developer also promises us that the software will never back paint, re-paint or recalculate trades. In the course of reviewing similar Forex indicators like the Forex Gump for example, we came across this claim.
We can therefore say that indeed there is no way to be sure that the developer is being honest. Unless we test the software, we can't know for sure if it won't repaint or recalculate trades.
In short, PipFinite Trend Pro is a trend indicator which also makes use of support and resistance zones. It trades all Forex pairs in all time frames. This Forex indicator costs $98.
Therefore, for this price, we believe that this is affordable to many traders in the market place right now. It is one of the most affordable Forex indicators out there. As you may have already read in the description part, the indicator trades all pairs in all time frames. Perhaps the developer would have had an edge if they optimized it for particular pairs in order to get best results. This is because markets keep changing and we simply cannot make money in the long run when we rely on mechanical systems of trading.
You see, many Forex developers have been guilty of casting their nets too wide. This makes the work of their clients quite difficult because while they claim that their software is compatible with everything, that's not always the case. Most of the time you will find that you have to actually test the software several times in order to identify what works best in what time frame.
PipFinite Trend Pro has been backed by a few trade examples and screenshots showing how the indicator would have performed if it were trading in the real market. However, there is nothing concrete to show that indeed the developer has tested this Forex indicator in a real market setting.
We are not sure why the Forex indicator community of developers find it quite difficult to test their products on a statement sharing service like myfxbook. There is absolutely nothing that is stopping them from testing their own products. There is just no one excuse under the sun that would justify lack of trading results when the developer is quite sure that what they have created works as described in the promotion material. So this only raises eyebrows.
When we look at customer reviews, we find many positive reviews about the PipFinite Trend Pro. There are actually 900 reviews on the sales page and very many of them have rated it with a 5 star.
Whereas we have already seen some customer feedback on the same, there are certain aspects that we need to learn about before trusting the software. Another thing is that we'd like to see real trading results from the vendor in order to give them the benefit of doubt. At the moment, we are recommending these Forex trading resources. We will consider changing this review if developer provides trading results.
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Hi,
I was googling about the pipfinite trend pro indicator and found this thread, in which someone created an EA depending on it:
https://www.forexfactory.com/showthread.php?t=747614&page=5
The results seem to not be that good.
Backtests sometimes say more than bling bling images.
Cheers
I was excited about your review but as I read I realized you had not even downloaded the demo. Second this is an indicator so it does not auto trade. Using the indicator on a 99% accurate testing you will get a decent amount of trades. Dont take the ones on low %. And set your own stop loss. Practicing with this for a few days and I have learned how to use it very effectively. Please when you write reviews at least download the demo if not buy it. Non repainting is a very good thing by the way, and this does not place on candles past as some do. I would recommend actually using it before reviewing it.
What was the point in this review ? Buy the product and test it properly or don’t waste everyone’s time. Its an indicator at the end of the day, either learn how to use it correctly or don’t bother buying it. There is no holy grail.