The pipstack development team is comprised of a small team of programmers/traders. We have been trading and exploring technical systems in just about every market; Stocks, Futures, and Forex. After becoming interested in the automation power of Metatrader 4 several years ago, using our skills in C++ and C# we started developing expert advisors primarily for testing the technical systems we were already using.
Being able to test a system across many years of data and changing market conditions is invaluable in our development process. After finding a more complete and valid source of data (rather than the default meta quotes data) we were able to push our development to new levels.
While historic backtests have their obvious flaws as a way of validating systems, we do things differently. The logic behind our systems is developed using live quote data, live manual trading, and mathematical theory. Only after the system has been fully designed and constructed do we subject them to 1, 2, 5, and 10 year backtests.
Since the system hasn’t been designed with historic data in mind, these tests represent unpredictable price action, just like live forward testing, since the EA doesn’t “know” what data is coming. Our goal is to develop “pure systems” whose parameters are based entirely on the price action found in the security being traded. In other words the system uses the same parameters and settings regardless of the currency pair being traded. Pipstack is a pure system.
Forex Pipstack is an Expert Advisor that has been in development and trading profitably for over a year. November 2010 marked the release of our third update, Pipstack 2.0. The system has a proven trading edge that is diversified across 4 major currency pairings. Our most recent update expanded on the number of currencies traded as well as opened up the system for user customization.
Our development team believes in transparency and bringing the best possible product to market. Throughout the site we educate readers on system development as well as reveal why many systems fail in real time. Pipstack has flourished in both back testing and real time trading. We consider the recent update a huge success and look forward to consistently updating the product.
What’s New in 2.0?
Forex Pipstack was originally designed to be a collection of different and distinct strategies, but as part of our continued dedication to development and perfection a single trading strategy has emerged as the most profitable. In addition to profitability the strategy has the advantage of tremendous consistency and risk control.
In version 2.0 we have improved on the trading mechanics and developed the logic to what we consider a “pure strategy.” What this means is that the system trades each currency pair with the same settings, which are based purely on price action. We have not over-optimized or curve fitted the system. Two more currency pairs have been added bringing the total to 4 (2 more still in beta testing). By trading 4 currency pairs (EURUSD, AUDUSD, GBPCHF, EURGBP) the system reduces correlation associated risk while being a fairly active trader. Pipstack will not interfere with your other trades, automated systems, or manual trading strategies. We have an extensive section of the site explaining in detail the trading methodology behind pipstack, and we have extensive testing results as well as 3rd party live trading results. Come see why Forex Pipstack would be a valuable addition to your forex trading account.