Truth About Pips Wizard Pro In A 7 Minute Review
I received an email from a guy named Karl Dittman who was pushing this product called Pips Wizard Pro, which is a buy/sell indicator for MT4 and the Forex market.
Not another piece of Forex trading software I thought. But, there are at times decent products so I wanted to be fair with Pips Wizard Pro and give it a chance
I went into their website, checked it out and I thought, this looks kind of interesting and I wanted to see if this was another scam.
Very, very basic, very, very, simple, so I reached out to the developer. I said that I review trading systems and I want to see a copy of them, not just going to review your sales page or make up some B.S. like a lot of the marketers do about your Forex indicator.
So he was kind enough to send me over the product and I've put together this review so you can get a first hand opinion of it. You apply it to your Forex chart including the daily chart and the four hour, and these diamonds start showing up.
Let's quickly walk through this, I'll cover other currency pairs and other currency time frames later. I just wanted to give you the rundown of this product here.
Pips Wizard Pro Buy/Sell Trend Indicator Facts
So whenever you see the blue form you're going to enter and then your entry price is going to be the close of the candle. When you see the orange indicator show up, if you're in a long trade, you can exit.
To go short you would look for the orange diamond and just as the long trades, you enter at the close. You can see this is a daily trade, these are huge moves, and it's actually quite impressive considering that it's the Euro US dollar that we've been some choppy price action for quite a while.
Now there are certain profit targets and there are certain stop loss numbers that you can use and they come in the PDF. They also show up on the alert popups which you can see on the following image.
This is an example of the Euro Japanese Yen 15 minute chart, a buy at 117.77 . You can also see where you stop loss will go as well as a profit target so you know exactly where your exit point is. You don't need to be a rocket scientist to figure this out.
Now there are set profit targets and stop loss prices that you will find in the PDF download that comes with Pips Wizard Pro. So here's what's recommend on different time frames.
Look at the 15 minute for example, you got a two to one reward to risk ratio over here right? Two to one, that's not bad. You will hear people say you gotta look for three to one but that is not accurate. You could do very, very well with a positive expectancy system at one to one or just a little bit more than one to one to cover any sort of costs that you may have.
One to one's fine, one to one and a half is fine as well. When you see marketing three to one, four to one, five to one, good luck getting those with any sort of consistency. You're not going to and overall just because you think you've got a three to one reward to risk ratio, that doesn't mean you're ever going to reach it.
I'm not a huge fan myself with setting these like this.
I like to use price and structure but this is a totally viable and mechanical way of doing it with Pips Wizard Pro which will hopefully keep you consistent. I think it's a unique Forex trading tool that can relieve a lot of stress as you find ways to get into a trade.
3 Simple Steps To Using Pips Wizard Pro
- Look to enter a trade at candlestick close when the indicator plots on the chart
- Set you profit target and stop loss according to the alert OR simply look at the free PDF
- Make sure you understand risk and trade management so you don't blow out your trading account
There is the list of time frames that it covers, you've got 15 minutes, 30, an hour, four, and daily. I like this as well so if you're a swing trader you're looking at it on the 4 hour or daily chart. Day traders can trade in through the 15 and 30 minute chart and an hourly can actually be a little bit of both.
You are looking at mostly trading the major currency pairs and it does say that Japanese pairs are a little more risky to trade on. Absolutely, there's a reason why they call the British pound against the Japanese yen the dragon. I don't know if they still call it that, but that's what they called it when I first started trading.
So anyways, you know what, the best thing you could do is just click below, get a copy of this. You must register the product as well and if you refund it, it stops working so if you're one of those low-class people who just buy stuff and download it and keep it and charge back, you're going to be able to use it.
Is There A Free Download?
The good thing for the developer is that you must register the product in order to use it. A free download of Pips Wizard Pro would not be registered and will not work. Besides, if you can't afford to purchase an indicator perhaps you should not be trading. So no, it's not free.
Is It A Scam?
Depends on your definition of a trading scam. If you think you are buying something that is going to give you 100% winners and it doesn't, you may think it is a scam.
It does not promise that.
What it does do, giving you great trading opportunities, it does quite well. It takes more than a trade entry though. You must understand all three pillars of trading:
- Understand and implement your trading system
- Use proper risk per trade so no one trade can drain your trading account
- Accept that psychology plays a huge role in trading success. Read "Trading In The Zone".
Pips Wizard Pro Price
The regular price is $147.00 but there is now a discount being offered setting the price at a one time price of $87.00 with a full refund guarantee
DOWNLOAD YOUR PIPS WIZARD PRO INDICATOR
Download today and receive the special discounted price of $87. You get a 60 guarantee so you can try it, test it, and see how well it works. Also included is a PDF training guide and full support.
Answers to the most common Pips Wizard Pro questions are below:
- You need a computer with an internet connection and MT4.
- "Pips Wizard Pro" is designed to work on M15, M30, H1, H4 and D1 timeframes.
- The "Pips Wizard Pro" works on all Forex pairs!
- Instant Download. No waiting.
- It is NOT a robot or EA. It is Trend Indicator that will show you smart signals on when to buy or sell.
- You can run on a demo account for as long as you like until you see that it is making you consistent profits, then you can switch to a real account.
- Full support for Pips Wizard Pro, money management strategy, technical queries and general trading support.
- There are absolutely no monthly fees, this is strictly a one-time purchase.
- 60 Day Full Money Back Guarantee