Contents
Western pips is a website that has existed for some time now. It must have appeared in 2016 because according to the trader’s forum FPA, multiple suspicious fake reviews were posted in favor of the website and the products they sell by some alleged users. The developers of the software claim that it’s been running since 2009 and is the only robot in the Forex market that’s capable to make maximum profit and very little time. Today I’ll be taking a closer look at the software and informing the Forex robot nation readers of all of my findings.
Although it is an aesthetically beautiful site to look at, we still have zero confidence in the products they sell and for that reason, we ask you to take advantage of these trading resources instead of the ones sold by Western Pips.
The developers of the Western pips software claim that they have expanded their staff and headquarters and are conducting a number of new developments. They are actively working on high-speed robotic futures and looking to establish communications with major banks so that they can offer a higher quality of service to their clients.
There’s a video on the front page of the website that shows their software trading with the AlfaForex brokerage. During this video we can see the software takes trades at a very quick pace but they show us a trade history and we can see that the software tanked the account at the end of the equity curve. I’m not sure why they would show us this.
You get access to the four fastest and most powerful for today providers of quotations: Rithmic, LMAX, CQG, Saxo Bank.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
2. You get the opportunity to use our server-side quotes on Real Time. Look at the website or ESignal or CME and you will find that there is a take for this service pay and even quotes from the 15-minute lag will need to pay.
3. None of the advisor you will not find such a set of settings designed specifically for arbitrage trading:
– Monitoring and detection of major brokerage plugins Slippage and Execution Time.
– Ability to trade pending orders. An analogue of the real market Limit Orders.
– Ability to control the duration of transactions and increase it if necessary to hide from brokers scalping.
– Special EA HIDDEN, which masks arbitrage transactions so that the broker is difficult to identify them.
– Special EA HEDGE, which allows you lock in arbitrage transactions without loss spread.
– Special EA NEWS that allow you to trade news arbitrage, very popular today.
The Western pips main software is a Forex arbitrage EA. In order for the software to work properly the robot needs a fast data feed and a slow latency broker. They feel using the strategy that they are able to learn the price 100 to 300 ms before will actually appear in the NT for brokerage. This is a very interesting methodology and we can see that they have quite a few real and demo accounts showing their arbitration system picking up winning trades that last only a minute long. The reviews I found online for this EA have not been very positive at this point in time, they currently have a one star rating on Forex peace Army which makes it very difficult for me to invest my funds.
It’s been a very long time since we’ve visited the Western Pips website, as we wrote this review originally in 2019. Since, quite a bit has changed. They’ve raised their one star rating on FPA to a 3.6, but in looking further, it does seem that the positive reviews they received was all during a short period during April. These reviews don’t seem real, and the last 10 reviews are all saying it’s a scam. It doesn’t seem like this group has stepped into the best Forex robot arena, just yet.
One of the most concerning reviews was from a man who claimed that the WP team threatened him, physically.
When we first reviewed the services, it was much less flashy, and they didn’t have as many offerings. They’ve certainly expanded their product line substantially.
Here is the current product line:
The sales pages for each of these products are wildly confusing and convoluted. Filled with loud images and all sorts of different claims. Honestly, it’s really difficult to figure out what’s what. They should consider simplifying these pages, like other developers, such as Forester Forex EA and The Wave Scalper.
The trading results are just as confusing as the rest of the website. Their Myfxbook account is filled with a whole bunch of strange trading accounts, that don’t have a clear product associated with them. Many of the accounts show huge gains in a single day, and then are never traded ever again.
It’s also worth noting that all of the trading accounts are not verified, and with brokers that either don’t exist, or can’t be signed up to. It really comes across as if there is some sort of deception or trickery involved in their trading results, which is rare when it comes to Myfxbook. It just doesn’t make sense why the accounts aren’t verified, and why so many of them are only 1-2 days of trading, then disappear.
The Western Pips group need to take whatever product they are selling, tell us exactly what it is, then put it up on Myfxbook on a known broker and verify the account. Until they do this, we will have to stick with our old conclusion.
I will not be recommending the Western pips arbitrage EA to the Forex robot nation readers today. With a handful of negative reviews and a price tag of $2000 there is just not enough information for me to pull the trigger here. For that reason, you need to stick to reliable trading apps here.
February 8, 2019 By Ghazanfar
3Comments
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
3Comments
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
2Comments
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
1Comments
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
1Comments
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
1Comments
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
0 Comments