Trading style: Asian session scalping.
Currency pairs: USDCAD
Timeframe: H1
Price: $97
License: 1 live account
NFA compliance: yes (with switch)
Refund policy: 60 days via Clickbank
Read more at the PipJet website

Buy PipJet

Note: this EA is basically Forex Megadroid repackaged for a different pair.

Birt’s forward test

Settings: default, risk 0.1, recovery mode disabled
Started: 29.06.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current version: 1.02

[myfxbook_image user=birt system=pipjet id=336149 desc=”PipJet live forward test”]

Official accounts

While the performance of the vendor’s accounts is surely impressive, frankly I don’t trust MTRocket (the site that the statements are published on). Why not use myfxbook? I have doubts about the advertised live accounts being actually live: there are no deposits, no broker names, no ticket numbers, nothing that would indicate the veracity of the claim. As such, I decided not to post the results here and I’ll leave it to you to visit the vendor’s website and form your own opinion.

Backtests

Dukascopy tick data, spread 2.0

Note: in all tick data backtests below, a GMT offset of 0 was used with no DST when creating the FXT files. Accordingly, the GMT offset parameter in the EA was set to 0. There was no commission used in any of the backtests.

Dukascopy tick data, spread 2.0, RecoveryMode off

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 2.0, risk percent 2.0, recovery mode disabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 2.0, risk percent 2.0, recovery mode disabled

Dukascopy tick data, spread 2.0, RecoveryMode on

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 2.0, risk percent 2.0, recovery mode enabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 2.0, risk percent 2.0, recovery mode enabled

Dukascopy tick data, spread 3.0

Dukascopy tick data, spread 3.0, RecoveryMode off

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 3.0, risk percent 2.0, recovery mode disabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 3.0, risk percent 2.0, recovery mode disabled

Dukascopy tick data, spread 3.0, RecoveryMode on

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 3.0, risk percent 2.0, recovery mode enabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, spread 3.0, risk percent 2.0, recovery mode enabled

Dukascopy tick data, real spread

Dukascopy tick data, real spread, RecoveryMode off

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode disabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode disabled

Dukascopy tick data, real spread, RecoveryMode on

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode enabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode enabled

Dukascopy tick data, real spread, RecoveryMode off, Aggressive off

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode disabled, aggressive disabled

PipJet v1.0 USDCAD 2007-2012 tick data backtest, real spread, risk percent 2.0, recovery mode disabled, aggressive disabled

History center data, spread 2.0

Note: the GMT offset of the data is +1 (+2 DST). The EA GMT was also set to 1.

History center data, spread 2.0, RecoveryMode off

PipJet v1.0 USDCAD 1999-2012 history center data backtest, spread 2.0, risk percent 0.2, recovery mode disabled

PipJet v1.0 USDCAD 1999-2012 history center data backtest, spread 2.0, risk percent 0.2, recovery mode disabled

History center data, spread 2.0, RecoveryMode on

PipJet v1.0 USDCAD 1999-2012 history center data backtest, spread 2.0, risk percent 0.2, recovery mode enabled

PipJet v1.0 USDCAD 1999-2012 history center data backtest, spread 2.0, risk percent 0.2, recovery mode enabled