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Saturday, March 12, 2011

Instant Pips Review

The Instant Pips method is the first one of four strategies included in the Forex profit accelerator package. This course fellas is sold for over 2000 bucks!! And of course it is full of good reviews by affiliates everywhere all over the internet. Well, today you will have my opinion about this product.

This is not an affiliate nor a paid review, you can bet on that. What's more, I am not gonna say I followed the strategy manually for a few months and was undisciplined at times. Instead, I automated the strategy in an Expert Advisor and did some back testing. You are always free to believe me or not. And I say that because this time for legal reasons, I can't describe the strategy here, or share the EA. However, since you are a smart boy, you can do some Google searches and believe me, you will find the description. The strategy is very easy to understand, and automate.

All the back tests were run from January 1, 2005 to December 31, 2010. That is 6 years. A 2% of the account was risked on every trade. Click on the Images below in order to enlarge them.







This is my personal opinion.

  • There seems to be a positive edge for this strategy, specifically for the EURUSD and GBPUSD pairs.
  • Believing blindly in the promotion that the method works for all the majors, wouldn't have been something good in the last 6 years, since it obviously doesn't work for pairs such as AUDUSD, USDCAD, USDCHF.
  • Since point number two is a fact, this automatically decreases my confidence in the other 3 strategies of the package, and I can't blindly believe they work for all the major pairs until I automate them and test them.

The course is sold as I said for over 2000 USD. The Instant Pips strategy by itself doesnt have spectacular returns for a 6 year period. However, that is only the first one, 3 more strategies need to be tested and maybe the combination of all four in some specific pairs yield decent results.

Hope this was useful information for you.
Stick with the Lazy Trader!

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