Million Dollar Pips – A brand-new forex software that I have tried. I assumed it was just simply one of the numerous bots that have been launched but I was told by a forex trader friend that it is one bot really worth trying. So I was curious enough to try it out and so far I am quite impressed.
The Million Dollar Pips is created to be a super scalper that has built in a good risk management system. The originator, William Morrison seems very professional and the support is good. Basically, the Million Dollar Pips is an automated Forex trading robot that utilizes a safe and unique scalping strategy. Million Dollar Pips is created to have effective money management and does not use any martingale strategies. It is also NFA compliant.
I used to be skeptical on forex automation. But automation is practical as it saves time and forex trading does get affected by human emotions. All traders get affected by emotions, even the most seasoned ones. With bots like Million Dollar Pips you needn’t go through all the emotional stress.
There was a great deal of media hype in the launch of Million Dollar Pips. “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.”…..
I normally don’t like such products as I get suspicious and put off. But, well, what counts is the substance so I wasn’t going to be put off by this. I tried talking to the people behind the Million Dollar Pips bot and I changed my mind about the bot after that. They made a good impression on me. I understood more about this bot and felt it was a great strategy that they were building on. There is another thing that I like about million dollar pips. They are using myfxbook to prove some of their results and this is a very reliable statistics provider. So at least we know statistics are real.
As for my experience since, I test the Million Dollar Pips system out, it has been impressive. I have been able to get wins of 65 to 75%. 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. As for the currency pairs, I am quite satisfied with the eur/usd, gbp/usd, and the usd/jpy pairs that I tried.
I’ll certainly be employing the million dollar pips bot in my future trading. After 2 months, I am impressed. 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 restrict the lowest and highest volume for trading and even put in place your own personal risk level. Further more, you could arrange its trading level as well.