Million Dollar Pips looks set to be a best selling forex bot. I got a recommendation from a trader friend that it is an interesting “super scalper” that trades frequently and has very fine risk management. So I was curious enough to try it out since I had been trading with Forex Growth Bot which is developed by the same group. So far I am quite impressed. The creator seems very professional and support is good.
$250 to $1,295,161.50 in 1 year Never Risking More Than 2.5% Of Account Equity
So what exactly is Million Dollar Pips? It is an automated forex system that uses a forex trading bot that has a safe yet quick scalping attribute. It uses good risk management strategies and complies with NFA.
At one time, I used to be skeptical on forex automation. But automation is practical as it saves time and enables the trader freedom away from the PC. Also, during trading we are often affected by our human emotional baggage when making decisions. Even the most seasoned of traders are not free from letting their powerful emotions participate in their decision making. With bots like Million Dollar Pips you needn’t go through all the mental stress.
The sales page of the Million Dollar Pips looks a bit spammy in my opinion. “You see how a Forex robot skyrocketed somebody’s profits to more than two million while he did nothing??
I usually don’t like such products when I see such hype in sales pages. I tend to get cynical. But fortunately, I wasn’t totally put off. I tried talking to the people powering the Million Dollar Pips bot and I changed my mind about the bot after some long conversations with them. They made a fine impression on me. I understood more about this forex bot and felt it was a good strategy that they were building on. Although the figures that they give appear to be a bit spammy but as they are making use of myfxbook to verify several of their results, it shows that they are not scams but people who stand behind their product or service.
In the two months that I have used 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 forex bot that I tried. It aspires to make many small successful trades. For me, in the first 30 days, it won a normal 2.5 pips per win.
For this million dollar pips system, it is most important to have the right broker. It can easily make a big difference. With this being a super scalper with high frequency of deals, it is prudent to get yourself a broker with an excellent spread. You could also try out one with a kickback.
As for the currency pairs, I am quite satisfied with the eur/usd, gbp/usd, and the usd/jpy pairs that I tried using.
So for me personally, I am glad to say that this Million Dollar Pips robot actually works. Don’t forget to look for a broker with low spread as it can make a considerable difference. The support here is quick, startup is easy. As soon as you get access to Million Dollar Pips software, you will be able to install it and set up the software using the simple step by step guidelines.
You can limit the lowest and highest volume level for trading and even setup your personal risk level. Furthermore, you can arrange its trading level as well. With the Million Dollar Pips doing all the work for you, you don’t have to worry about making the wrong trades at the wrong time and have to sit in front of your computer all the time. You can literally just walk away and do what you want to do.
Well, all investments and in particular with forex, there is some form of risk. With the Million Dollar Pips, that risk percentage is less than 7%. And the best part about the Million Dollar Pips is that it really doesn’t take that much money to start using it to trade. The package itself is just $99, and with a $250 investment.