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PIPS MINER |
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Price: LE €129 / SE €199
EE €249/ Gold €399
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Optimism Rank: 
Sold by: My4xStore.com
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Description:
The Pips Miner catches mostly trending moves during the London session. It was designed for the EUR/USD 5-minute timeframe.
Our testing was updated on February 4th 2010 with the new 2.0 version. Since it seemed to be doing better than 1.4, we eliminated the older 1.4 version testing.
Note (April 21st, 2010): Pips Miner analyses price action and is, therefore, sensitive to market movement. Small differences between brokers or between demo/live accounts can cause small discrepancies in trades. For example, one day you may get 3 trades while someone else gets 5 trades, but on the next day you may get 5 while the other person gets 3. The results, in the long run, will be very similar but the day-to-day number of trades may vary slightly.
Note (July 16th, 2010): Pips Miner Extended Edition, version 2.1 was released. This update contains a new feature to modify or turn off the recovery mode. We have updated our EA files, but have left the default settings intact.
Note (July 30th, 2010): Pips Miner Gold is set to be released on August 4th, 2010. The price will be €399. The Gold version is the Light Edition, Standard Edition, and Extended Edition, all rolled into one EA. From the EA settings, you can easily choose which edition you want traded on your account. (The difference between each edition is how many open trades are allowed, stop loss, and take profit.) We are currently testing Pips Miner Gold, on the EE settings, and you can view the results below.
Scott's Notes (April 9th, 2010):
This is seriously one of my favorite EAs. We've been testing it for months (since September 9th of '09) and there has never been a time when I was sick of it or wanted to stop the testing. It's been through trending and channeling markets. And since 2.0 the results got even better. It's my personal opinion that the Extended Edition "EE" is the best version to use - don't waste your time on the other smaller versions.
On April 9th I did a detailed analysis on the All-Pairs account and found some patterns. All the EUR based pairs were doing well and all the GBP, JPY, and tight channeling pairs were doing poorly. So we set up a 4th demo that only trades 4 EUR-style pairs (EUR/USD, EUR/CAD, EUR/AUD, USD/CHF) and we will see how that does for awhile. Those 4 pairs nailed over 14,000 pips in the last 9 weeks.
Links:
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MT247 Statements:
(right-click and ‘save target as’ to download)
(right-click and ‘save target as’ to download)
(right-click and ‘save target as’ to download)
(right-click and ‘save target as’ to download)
Forex.com Demo Running EE Gold on All Pairs
(Left-click to view. Right-click and 'Save Target As' to download.)
Forex.com Demo Running EE on All Pairs
(Left-click to view. Right-click and 'Save Target As' to download.)
The Collective FX Demo Running EE on 3 pairs
(Left-click to view. Right-click and 'Save Target As' to download.)
Account Updates and Memos
05/25/10 - A new demo account was created:
The CollectiveFX account expired, so we had to create a new one. Here is the overview from the old demo account:
Extended Edition Running on 3 pairs: Traded from 05/14/10 to 05/26/10
Total trades: 162, Total pips: +1,356
Account started with: $10,000, Account ended with: $10,894
Pairs traded: EUR/USD, EUR/CAD, EUR/AUD, Risk setting traded: 0.02 fixed lots
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05/14/10 - New demo accounts were created:
Our demos crashed because our risk levels were way too high and the accounts couldn't handle the margin requirements. We've adjusted our lot sizes based on the Lot Calculator available on My4xStore.com.
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05/07/10 - A new demo account was created:
The Forex.com accounts expired, so we had to create a new one. Here is the overview from the old demo accounts:
Standard Edition Recommended Pairs Demo: Traded from 02/04/10 to 05/07/10
Total trades: 210, Total pips: +2,276
Account started with: $5,000, Account ended with: $6,814
Pairs traded: EUR/USD, Risk setting traded: 0.10 fixed lots
Extended Edition All Pairs Demo: Traded from 02/04/10 to 05/07/10
Total trades: 4,019, Total pips: -16,713
Account started with: $100,000, Account ended with: $60,713
Best Pair: EUR/USD +7,392 pips, Risk setting traded: 0.10 fixed lots
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05/05/10 - A new demo account was created:
The Forex.com account expired, so we had to create a new one. Here is the overview from the old demo account:
Extended Edition Recommended Pairs Demo: Traded from 02/04/10 to 05/05/10
Total trades: 278, Total pips: +7,136
Account started with: $5,000, Account ended with: $13,289
Pairs traded: EUR/USD, Risk setting traded: 0.10 fixed lots
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12/09/09 - A new demo account was created:
Old FXDD demo accounts expired so we had to create new ones. Here is the overview from the old demo accounts:
Standard Edition Recommended Pairs Demo:
Traded 9/9 - 12/8, 153 trades, 88% Winners, +30 pips
Extended Edition Recommended Pairs Demo:
Traded 9/9 - 12/8, 185 trades, 92% Winners, +2680 pips
Extended Edition All Pairs Pairs Demo:
Traded 9/9 - 12/7, 3177 trades, 84% Winners, -21,164 pips
Best Pairs: AUD/USD +5482 pips, AUD/CAD +2527 pips, USD/CHF +3826 pips
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