Million Dollar Pips – A new forex system that I have tried. I thought it was just simply one of the many bots that have been released but I was told by a forex trader that I know that it is one bot really worth trying. It is a awesome scalper that has developed in an effective money management mechanism.. I decided to test it out especially since the creator seems very impressive and this is definitely not a scam.
Basically, the Million Dollar Pips is an automated Forex trading robot that utilizes a safe and unique scalping strategy. it uses good risk management srategies. It is also NFA compliant.
I was old school and didn’t believe in Forex Robots or forex automation software before. But automation is practical as it saves time and it does get affected by human emotions. Even the most seasoned of traders can�t deny the powerful role emotions play in making financial decisions. That’s the advantage of Forex Bots or EAs like the Million Dollar Pips Bot.
The sales page of the Million Dollar Pips looks a like a lot of hype to me. �You see how a shockingly accurate Forex robot skyrocketed someone�s earnings to over 2 million while he did nothing�� And if you ever had put $250 into an account 1 year ago using the Million Dollar Pips , then you might have a $1,295,161.50 after you check your account now.�
Normally, that puts me of. But luckily, I wasn’t totally put off. One thing is after talking with the people behind it, I started to feel really confident. I understood more about this bot and felt it was a great stategy that they were building on. Although the figures that they give seem a bit spammy but because they are using myfxbook to prove some of their results, it shows that they are not scams but peoplw who stand behind the product..
In two months that I have owned this Million Dollar Pips, it has traded around 1000 trades and has a win rate of around 70% which is much better than the last bot that I tested. It aims to get just a small amount of pips. Usually it scores an average 2.5 pips per win and loss is about 3 pips.
For this million dollar pips system, it is most important to get the right broker. It can make a big difference. With this being a super scalper with high frequency of trades, it is prudent to find a broker with a good spread. You could even try one with a rebate.
I tried various currency pairs such as eur/usd, gbp/usd, and usd/jpy and they turned out fine.
Million Dollar Pips has proven to be an appealing bot to use and I will add it to my list of robots that I make use of to trade forex. It is just that you have to find a low spread broker. The support is real quick, setup is easy. Once you get instant access to Million Dollar Pips, you can install and configure the software using the easy step by step guidelines.
You can limit the minimum and highest volume level for trading and even put in place your own risk level. Further more, you could arranged its trading level as well.