Million Dollar Pips Review Introduction
Be aware that this Forex robot is extremely sensitive to the spread and the broker execution and to the delay of transmission between the VPS and the broker. Million Dollar Pips will NOT run perfectly with the majority of brokers and there is no good setup for it known until now.
Trading Idea
Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another. Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another.
Million Dollar Pips Criteria
NFA compliance
Full (FIFO setting has to be enabled).
Refund policy
30 days, no questions asked.
Supported Currency Pairs
EUR/USD, USD/JPY, GBP/USD (Each Paire is traded via a separate version of the EA that worth $99)MetaTrader Chart Timeframe
M1Live Performance
Backtests
This backtest was run using Dukascopy tick data with a 1.5 fixed spread and all the EA default settings values. The results were amazing although with a considerable drawdown that could be due to the use of default risk, but backtesting this EA especially may not be pragmatic due to the very low pip targets. The main fact is that it will have a very different behaviors from one broker to another and running it in a backtest with Dukascopy data is completely irrelevant if it's not connected to a Dukascopy account.
MyFxBots Admin
[Last Modified On Fri, 18 Oct 2013]Talk about Million Dollar Pips
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
Tags
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.