MyFxBots
Updated on Fri Oct 18th, 2013

Million Dollar Pips Review Introduction

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.

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)

MT4 Chart Timeframe

M1

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.

Live Performance

Million Dollar Pips System by milliondpips | Myfxbook

Million Dollar Pips System by milliondpips | Myfxbook
Started On
May 05, 2011
Leverage
1:200
Broker
ThinkForex
Account Type
Demo
Starting Balance
$1200

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.

Million Dollar Pips 1.6 2007-2011 tick data, spread 1.5, default settings

Million Dollar Pips 1.6 2007-2011 tick data, spread 1.5, default settings
Backtest Summery View Full Backtest

Download the backtest file (compressed)

By:
4.8/5
908 total votes.

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.