Want To Know How Well StealPips Really Performs?
Forex Guru Reveal The Truth Behind Matt Delen’s Software…
If you are thinking about buying this robot then my full StealPips review will be the most important page you read this year.
From The Desk of: Simon W
Location: London, UK
Product: StealPips
Release Date: March 30, 2010
Product Type: Forex Trading Software
Making money through Forex trading has never been more popular, or as easily accessible as it is today and with many people looking for work from home opportunities, Forex is a popular choice.
But why have we seen such an increase in the number of people giving it a go? If you don’t know much about it, it can seem complicated but is it really possible to make a lot of money with little or no experience?
What’s more, is StealPips able to help traders successfully trader the Forex market? It’s creators certainly think so, but with so many robots being released each month that all claim to make money on autopilot it can be difficult to tell.
In fact, there are so many questions to ask, but you can be sure that you will have all the answers you need by the time you finish reading my StealPips review.
Having been trading the Forex market for a few years now I have seen hundreds and hundreds of trading robots come and go and while they all claim to be the one click solution the reality is the most of them are a total con.
It is very easy to fall for the outlandish claims made by the product owners but, having had my fingers burnt on many occasions, I can tell you that very few of the robots released to the market will offer you any kind of long term success.
The first few robots I tried worked for a few weeks then, as market conditions started to change, my profits disappeared and I was running at a loss. Desperate to get my money back I tried another robot only to see the same trend.
All this trial and error cost me a lot of money and stress, but what really annoyed me was that I was reading loads of success stories about people making huge sums of money and this made me determined to make it work.
In the end I did and I am extremely thankful that I stuck with it as I am now fortunate enough to work for myself, when and where I want to. If you are new to trading or are yet to taste success then my advice is to stick with it.
People don’t fail in Forex, they simply give up before the magic happens!
So is StealPips any different to the majority of crappy robots on the market? I must admit that Matt Delen, man behind the system, was a total unknown to me, but I was interested in the way he designed his robot.
“Our Robot Isn’t Illegal…It Just Performs Like It is!”
This is a statement made by Matt and refers to the way his system “steals” pips. Of course, it doesn’t really steal them but he believes that he has found a reason why many robots fail.
He believes he discovered that it wasn’t always the fault of the robot but it was actually the brokers manipulating trades to pocket the profit themselves. The brokers are no fools and know exactly how robots work and in his own words “it was as though I was playing poker with all my cards showing”.
The thought of this grabbed my attention immediately and I needed to know if Matt had stumbled upon something big. Had he found a solution and if so could he actually do anything about it?
StealPips: What Do You Get?
The StealPips system is delivered through a download link, much like any online software purchase. The file that you download is a zip file and all you need to do to install the system is unzip the folder and follow the onscreen instructions.
There is a manual included that takes you through every stage of the set up, so this process should take no longer than ten minutes, even for the beginner.
When you go in to the software you will see the default parameter setting, which you are advised against changing. I would definitely suggest that you follow this advice if you are a beginner or new to trading.
For those traders who have a good level of experience and may want to change the settings, you can do this very easily. The meanings of the parameters are highlighted in the user guide and includes stuff like:
Broker GMT: This is where you can insert your broker’s timeframe.
Broker Stop Loss/Broker Timeframe: This feature has been designed by the StealPips development team to protect your trades from your broker.
If you have read the sales page, you will have seen Matt Delen talk about how brokers “have been robbing honest traders blind right under our noses” Well these settings hide the real stop and loss profits from your broker.
Max Number of Trades: This feature is the money management system and is the setting that Matt Delen advises again changing!
StealPips only works on the USD/CAD currency pair on a 4 hour timeframe and has been designed to recognize trade opportunities not only during a trend but also during technical corrections.
Does the single currency pair limit StealPips ability to make money?
StealPips: The Results
During the testing process the average profit was around 75 pips and the average stop loss was around 65 pips, so judging by this you should get lots of pips. But the question with any robot, and where most fail, is can it continue to perform as market conditions change?
To overcome this problem Matt and his development team will work on monthly updates that aim to keep StealPips performing no matter what happens to the market.
This is obviously not a guarantee that it will perform over a long period of time, but the fact that Matt is offering updates is certainly a good sign.
I would never advise anyone to use a robot that does not include free updates. A robot is programmed to make winning trades under certain market conditions and the majority fail becuase they do not change with the market. Considering how volatile the Forex market is, using a robot that is out of date is nothing short of financial suicide.
Here comes the legal bit…
The reason they decided to do this was to mainly stop false claims, but also results can vary so much depending on a number of factors. With Forex, for example, the results that I achieve will almost certainly vary from what you achieve for a number of reasons. The main two are:
1. My investment amount might be larger or smaller than yours, which would return different results.
2. Market conditions at the time of trading could be vastly different which would have a huge impact on results.
Of course, it doesn’t mean that the results that you achieve will be worse than mine, they could be a lot better, it’s just impossible to tell.
What I am allowed to say is that in the time that I have been using StealPips I have made a profit on my $1,000 investment and I will definitely continue to use the system over the coming months.
I always advise that you initially set up a demo so you can see the system trading without risking your own money. I do this with every new system I try so strongly suggest that you do too no matter what software you are using.
If you would like to see some real live trading results then please click here.
“But There Is One Problem
With Steal Pips Though”
Some of the best systems that I have used come with a detailed guide to Forex that, if used correctly, can help you manipulate the settings to see a better return on investment.
Sadly, this system does not provide such information so you really are restricted to leaving the predefined settings as they are. While this is no bad thing to begin with, you may want to adjust the settings at some point in the future. When I have done this with other systems I have seen a really good return. Of course, it can be risky but sometimes in life it pays to take a risk!
But don’t despair…
If you are interested in buying StealPips then I am happy to help give you the best possible chance of success by giving you some Forex eBooks that are jam packed with useful information on Forex trading.
These eBooks retail for over $200 and one of them is an Amazon best seller and I am happy to offer them to you at no extra cost. All you have to do is order your copy of StealPips through this link.
“But There Is A Catch”
Some of the information provided in these eBooks is way too valuable to be given away like this and I don’t want to put these tactics in too many hands. Only a select group of people can benefit from this.
I have therefore decided that only 20 18 14 lucky traders can qualify for this offer.
If you want to be one of them then all you need to do is order StealPips through this link and forward me a copy of your merchant receipt to: simon [at] forextradingdominance [dot] com.
How to Claim Your Bonus
1. To claim you exclusive StealPips bonus order the product through this link.
2. Email me your merchant receipt to the following address: simon [at] forextradingdominance [dot] com.
Please allow up to 24 hours for delivery of your Forex Trading bonus (if you have any questions please feel free to contact me via email)
*I absolutely reserve the right to remove this bonus offer at any time.
<Get StealPips
AND 2 Forex Bonuses>
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