Tag Archive for 'Automated Forex Trading'

Million Dollar Pips Review

When choosing the best forex system for you, there are various factors to consider. Forex trading is complicated and requires a lot of time if you wish to analyze all the market data. But now there is forex software that can help to aid in analyzing the market. Forex software can now be use to automate actual trading activity. If you are still trading manually without any software to aid you, it is time to automate by getting a good forex software to save time and make more money.

To determine the best trading software for you, you need to seriously consider your individual requirements. Get what you need. Many forex software program will assist you with charting and maintaining buying and selling records. But you may have specific specifications centered on your specific strategy or method that you need the forex software program to provide you.

Million Dollar Pips is a forex program that I have tried. I was asked by my friend, a successful forex trader to try this out as it is a fantastic scalper that is quick and offers very excellent risk management built in. 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 strategies. It complies with NFA.

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. 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.

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. I tried talking to the people behind the Million Dollar Pips bot and I changed my mind about the bot. 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. 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 people who stand behind the product.

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.

I tried various currency pairs such as eur/usd, gbp/usd, and usd/jpy and they turned out fine.

I’ll definitely be employing the million dollar pips bot in my future trading. After 2 months, I am impressed. Don’t forget to search for a broker with low spread as it can help to make a considerable difference. The support is good and even if you are new, you would not have much problem. Once you have bought, you will get immediate access to Million Dollar Pips software program where you can install and set up the software using the simple to comprehend guidelines. You could start by setting everything as default.

You can limit the minimum and maximum volume level for trading and even put in place your own personal risk level. Further more, you can arrange its trading level as well.

Overall, I feel Million Dollar Pips is a good bot and that’s why it has been a best seller for over a year.  It is also supported by a good team.

Million Dollar Pips Top Selling Forex Bot

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.

Check Out The Million Dollar Pips Software

Why Automated Forex Trading Is The Way To Go If you Want To reap The Big Money

From the time when automatic forex trading systems had been introduced, a lot has changed with more sophisticated bot introduced every other day and in addition, making forex a lot more accessible to ordinary individuals. Forex software had now experienced a new importance.

It is now not something that you can ignore. I did that for a number of years as I refused to accept that automated forex trading software can work. But now, I will have to consider the use of an automated forex trading software as the fundamental fact is that they have become reliable software that can provide traders with the essential tools to monitor the foreign exchange market.  There are many companies, like FXCM, that provide high quality software for all of those looking to enter into the online forex trading world.

Since automated forex trading systems are a lot more efficient than manual trading, your automated system will have the potential to produce a lot more profit taking every opportunity of dip and upward push in the forex market. However, as there are such a large number of these automated forex trading systems, also called the Forex market trading robots, out there, it can be very difficult for those starting out in the market to choose a system that they can start with.

Until even the most productive automated forex trading system reaches the level at which it can identify global influences, human involvement is always going to be essential. If you are using an automated forex system, then before making it run and trade for you, to begin with locate the point when the currency moves above the 12-period SMA.

When you have locate the point, then you can turn on your automated forex system to produce trades for you. With an automated software, you are offered the essential tools like market watch systems in addition to indicators which tell you the most productive and effective times either to buy for or sell a particular foreign currency This way, you’ll be assure of profits and decrease the risk of losses.

As we know, there are lots of factors which have an effect on the fluctuation of foreign currency, and consequently, the market changes very often. As a trader, you need to be able to closely monitor the market to be able to gain in terms of profits from purchasing and selling currencies.

What used to be once the sole domain of banks and other large investors, forex is now luring little and mid level investors. Trillions of cash are traded here on a daily basis, making it the largest and most active financial market of the arena. If you wish to have to trade a currency of one country in relation to another, then this is just the marketplace where the whole thing takes place.

Overall, I believe automated forex trading in the form of forex robots is no more risky than human trading. Our confidence in such systems and technology is high enough for many traders to be willing to let a robot to trade for them.

It is never easy for a beginner to select which automated forex trading system to use. Below you will find a couple of straightforward “quick start” suggestions for beginners.

Omni Forex Signals - provider of forex signals that has made money for me.

Forex Growth Bot - a rather low risk trading bot that I highly recommend.

Forex Hercules - harness the experience of other experienced traders to profit yourself.