I don’t know if you guys follow the bloggers on this website, but I started doing it and what I found was… funny? For the lack of a better word. These are supposed to be the top that Babypips has to offer, the front line that represents the face of the website. You would assume we can trust them, and that they are competent and profitable traders.
Let’s start with Robopip. He runs a weekly blog where he gives an update on the mechanical trading systems that he runs. One of these systems, the Inside Bar Momentum Strategy, caught my interest a while back. I’ve asked two different coders to automate the strategy (since it has no discretion) and it turned out the method was not profitable in the slightest. Don’t take my word for it, I’ll share the cAlgo that proves it (you can find the thread in my post history).
Despite his system being clearly unprofitable, he somehow managed to close 2020 with almost a 100% return trading only two pairs. Let that sink in: he doubled his trading account using a system that could theoretically be put on autopilot and it would produce free money for you. This is the thread where he shares this return. In the comments, I’ve asked him about it but he did not answer. He is either lying or not telling the whole story.
Okay, let’s move on to another regular author, Hucklekiwi Pip.
Now, unlike Robopip, I have nothing mean to say about this person. If anything, she is even too honest: she has been trading the HLHB Trend Catched System, a mechanical strategy that she developed over five years ago. In 2020, she closed the year with less than 3% return, which you can view here. Maybe she had a bad year, you might say, but in 2019 she made less than 6% return (here. If she decided to invest her capital in any index fund, she would have made more money than she did.
And I wish her my best. I hope she realizes she is trading a system with no edge, as her results so far have pretty much been random. I know this is going to sound condescending, but my point here is that this is not a person I would be comfortable learning from.
We then have BigPippin, but honestly there isn’t much to say about him. His articles are your typical, subjective technical analysis where he does’t really commit to a specific trade - and does not follow up on which trade he has taken, nor he shows his track record or at least a recap of his performance. Now, of course, we are not entitled to his track record. His privacy is his own. However, when you adopt the role of a teacher (even only implied, since you’re in the front page of a site that aims at teaching newcomers how to trade), the lack of track record makes me unable to trust him.
Finally, let’s move on to these forums. What a wasteland they are, aren’t there? Beside maybe Dennis, all the authors who come with the next big strategy, end up dissapearing after a few months or a couple of years. What’s left is blind leading the blind, newcomers asking questions and receiving answers from someone with problably less knowledge than them.
Pair the absolute absence of competence in the forum with the untrustworthiness of the teachers, and I see no reason why this place should be recommended to people.