Other websites of this company include SmartFXTechnology. After Smartpips lost half my account I stopped using it. I tried all my best even using VPS very close to broker with low spreads and fast execution backtesting optimizing with MT4setting GMT as advised by Smartpipsbecause this EA is VERY sensitive to the correct GMT you also have to consider DayNight Saving. I forex examined Smartpips EA trading account and find the following: A rather big deposit was made which is MISTAKEN AS PROFIT and is displayed in the trading graph boosting the account. At this stage the EA was making losses at the FPA testand then the test was stopped by Smartpips - then suddenly the test was resumed after the depositboosting the account. This actually happened just a few week after I bought this EA 01 Aug Smart account had a few smart trades and Smartpips EA Suddenly made a very risky trade with lots of 13 x times more than normal 0. But The EA was actually very lucky to make a Huge profit and not blowing up the account with this pips high risk lots. I am not sure also if Smartpips EA is programmed to suddenly trade very big lots x13 times bigger? I have bactested this EA so many times but never picked this up. I don't think this EA deserve a 4star as currently rated I shall give it 1star only and I shall not use it again - considering the unstable trading graph this EA could be risky and considering the attempts made to boost the account. I think that is a good Forex for long term investment. No moneyback warranty, but EA is not expensive. Dear, Settings for the adviser one. I don't change them 5 pips on real. After payment all receive them together with EA I forex now Alpari NZ - http: Problem in an exit of important economic news. In the normal market of a difference won't be. But on fast different servers give different values of spread. On May 15 the adviser made a position which by 10 times exceeds smart risk level in settings. In hospital I couldn't react to it in time. It is a position only on my account. At all clients the adviser opened on the pips specified by clients. At me in settings was to specify 0,02 lot it opened on 0. It brought me into shock. I wrote to the broker. They told that it not their wines. Forex answer came from VPS. Pips told that they had failure and reset. I have used this EA for a long time and came to realize that when you expect large shifts in trend or lack of momentum in the market, to turn it off. You will actually avoid losses this way. Do not trade big speeches and use common sense. I honestly don't think forex vendor is being shady and this has to due with the politics in his homeland at the moment. If you calculate the maximum amount of drawdown on a stop size of pips, his drawdown shouldn't be that large unless something has happened in which he is unable to control. Again, Pips are a tool and should be monitored by their users. Always watch your lot sizes to control your drawdown and if you see a hanging trade you do not agree with, don't hesitate to cut it loose. When a trade is executed based on this strategy without momentum and follow through, you have a larger chance to fail. There seems to be some smart of the forex test results here. This never happens when the system is winning Review Moderation Team Note: The investor password the FPA uses to monitor the results was changed by someone at Smart Pips. An inquiry has been sent to them. In the meantime, the test has been stopped. Lately some small wins followed by huge losses - like today May 15th. Maybe Sergey is distracted by the political tension and violence in his Forex homeland. I would advise extreme caution trading with this EA now. F from London and R Aussie needs to change their Brokers. Open an Exchange account with Armada very low spread pips a small commission fee and you will see your account even outperforms the FPA account. By receiving 3 EA activations with one purchase I have two live accounts and both are higher in monthly smart then the FPA account. This is the first EA I had that actually is pips a profit consistently yes there are smart sometimes but my profit factor is still above 6. Therefore it is difficult to understand what you experience because if you stay with the EA default settings the only conclusion could be smart you are with the wrong Brokers. I wish to respectly reiterate that I have run live account with 3 live accounts, including Alpari UK, with the recommended settings and the results are nowhere near as good as those on the FPA test. Can we be informed what type of Alpari UK live account so we can migrate there? I don't know of any that trades Russian Rubles? Review Moderation Team note: The account is not trading rubles. It is denominated in rubles. Please ask support at Alpari and Smart-Pips support for more details on what type of Alpari account it is. These so called "live" tests on FPA and myfxbook do not in anyway portray the results one gets with real live trading with a steady stream of losses never seen on the FPA. So at best these pips are misleading. I think FPA should cease and desist or label them all as smart accounts rather than calling them "live tests". Its always galling how each EA including this one falls flat as soon as you buy it and let it operate with real money. The FPA always checks Performance Test submissions to make certain that they are on live accounts. The account for this test is running on a live server at Alpari UK. All trading information on the PT page is pulled directly from the broker's MT4 server. If you know a way to fake that, please use "Contact Us" and let the FPA know. Sergey responds to email within a day, sometimes very quickly; EA backtests fast and more or less matches seller backtest slight variation for broker ; simple operation that seems clever and logical. I've run on 5 accounts simultaneously, and on the occasion the live accounts have the same result, it differs to the official MyFxBook account. Typically there are more trades and more losses on most live brokers. My demo account resembles the vendor's MyFxBook account, but isn't the same. Today, pips instance, i had 4 trades across each live broker. Because of this inconsistency, i can no longer run it live. Apart from the demo account i run, and less so one of my live accounts, results differ markedly to the vendor's MyFxBook account, so i can't predict how it will behave. While the vendor's account is rocketing up, my demo account more or less matches, but apart from one live account which has made a modest return, the others are either going backwards or nowhere winnning and then losing the winnings. I thought this sort of broker variability was something reserved for scalpers. Sadly, my experience with this EA tells me that's not the case. I WANT TO PASS ANOTHER COMMENT ON SMART PIPS. COM BASED ON MY FIRST REVIEW MADE ON FPA Website on 26th of April, I AM VERY SORRY FOR THE BAD COMMENT I MADE THAT DAY. TO BE HONEST, IT SEEM AM NOT PATIENT ENOUGH. MAY BE BY THE TIME Smart WAS MAILING IN WITHOUT REPLY MAY BE AS A RESULT OF TIME DIFFERNCE. I THERE FORE WISH TO TELL ALL TRADER AROUND THE WORD TO CONTINUE BUYING EA from smart pips. I also thank FPA once again for taking care of we traders and guiding us against scamers. I will comment latter about the performance of smart pips. I have problem of installation because he sent me a corrupt able file. I told smart pips to assist me to install it bcos i have team viewer on my laptop computer, but he refused to do it and stop answering my mails. Pls kindly assist me to get my money back, i am no more interested in his EA and i get tired on sending me ineffective EA. I just want to collect my money back. GOD AND FPA will not allow him. Thank you very much FPA for your Good gesture and saving world fx traders from scamers. I use this opportunity to tell my fellow traders to stay away from forex pips. Unbiased Forex Broker Experts. Review and Ratings Trading Software Smart-Pips. Forex RobotPerformance Tested. Live discussion Join live discussion of Smart-Pips. Video Your company video here? Court cases File a case Open 0 Resolved 0 Not guilty 0 Guilty 0. Let other traders know if this service is worth checking or should be avoided. Page 1 of 3. Home Contact Us Help Terms Privacy Advertise. 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If the intention of the lawgiver is fixed upon true good, which is public good regulated according to divine justice, it follows that the working of the law is towards making men good absolutely.