According to the developers their Eat Pips Forex System really works. Eat Pips Forex System uses a new mathematical approach that makes it into a new real time indicator that is based on market reversion. Eat Pips Forex System tells you when to buy and when to sell with a high level of accuracy. Below is a screenshot of this system in action.
As you can see from the above screenshot, it made +570 pips. As said above, you sell when the arrow and the bar are red and you buy when the arrow and the bar are green. This is as simple as that. The developer says that he had developed this Eat Pips Strategy some 5 years back. The developer mainly trades on the H4 and H1 timeframes. But when he is trading on the lower timeframes, he uses Eat Pips indicator on the chart as well. This one indicator has kept me from untold number of losing trades. So if you want to avoid trading a false breakout, you should test this Eat Pips indicator on the demo account and see if it helps or not. You have nothing to lose. The developer is giving full 60 days of no questions asked money back guarantee. Test it on the demo account and see if it works as the developer is claiming on his website. It it doesn’t work. Get a refund. And if it works, you can think about using this Eat Pips Forex System on a live account.