Million Dollar Pips A Best Seller Forex Robot

by admini on October 5, 2011

Million Dollar Pips is a new intelligent forex trading program which is selling very well. I assumed it was just simply one of the numerous bots that have been launched but I was told by a forex trader that I know that it is one bot really worth trying. It is a super scalper that has developed in an effective money management mechanism.. So I was curious enough to try it out and so far I am quite impressed. The originator appears very professional and support is good.

So what exactly is Million Dollar Pips? It is an automated forex system that uses a forex bot that has a safe yet fast scalping feature. it uses good risk management srategies. It is also NFA compliant.

I wasn’t always a supporter of forex automation. But what makes automation best is that computers don’t get emotional. Even the most seasoned of traders can’t deny the powerful role emotions play in making financial decisions. That’s the advantage of Forex Bots or EAs like the Million Dollar Pips Bot.

The sales page of the Million Dollar Pips looks a bit spammy 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.”

I normally don’t like such products as I get suspicious and put off. But luckily, I wasn’t totally put off. One thing is after talking with the people behind it, I started to feel really confident. I felt a liking for this bot immediately and felt that it is one that I want to use. 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 peoplw who stand behind the product..

In two months that I have used this Million Dollar Pips, it has traded close to 1000 trades and has a win rate of around 70% which is better than the last bot that I tried. 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.

One thing to remember is that choice of the right broker is paramount. With the high frequency of trades, it is good to find a broker with a good rate or one where you can get a rebate as this can be substantial. I tried hotforex.

As for the currency pairs, I am quite satisfied with the eur/usd, gbp/usd, and the usd/jpy pairs that I tried. |I tried various currency pairs such as eur/usd, gbp/usd, and usd/jpy and they turned out fine.}

Million Dollar Pips has been shown to be an appealing bot to use and I will add it to my number of bots that I use to trade forex. 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.

What I like is that you can limit the lowest and highest trading volune and set up your risk level that you want.

 

 

{ 0 comments }

Forex Growth Bot A Popular Forex Bot

by admini on August 4, 2011

Forex Growth Bot is a new and impressive forex bot that has joined a list of forex bot that are storming the market. Initially, I was sure that forex robots won’t work as I had spent years learning how to plot my charts and analyzing them. I wasn’t going to accept that a robot could do the work better than me in an instant. But my friend showed me that forex bots in fact can help you to earn a lot of money and I began to realize why they are so attractive.

From my experience with forex bots in the last year, I did make money with a two of the bots. Not all bots are made the same.Be selective and use only bots that have been proven to be popular with other users.Forex Growth Bot does look to be one that had a lot of potential for me. It has been very well received by forex traders so far. My initially trades were slow but they produce good results at the end of the month.

All of the forex bots available in the marketclaim to be able to analyze historical data to determine when it is profitable to trade.In a sense, it is no different than me doing them manually before, using my charts. What determines which bot is better than the rest, at the end of the day really comes down to what they have been programmed for.

So in evaluating a forex bot, a lot depends on creator and his experience in forex trading and his programming skills. Forex Growth Bot is developed by a Russian mathematician who impressed me as being highly intelligent and determined to produce a profitable forex bot.Forex Growth Bot has sold very well since its launch. The software sells for a $70 one-time-payment, which is cheap for a quality bot like this.

After using the bot for 3months, I have made profitson my own account. I have been seeing an impressive 75% of profitable trades. This is probably due to the bot’s ability to exit quickly when support levels are broken.

It is advisable not to rush in and trade immediately when trying out a new bot or software. It is best to trade on paper first.

It is prudent to study and familiarize every new system, even a reputable one like Forex growth Bot so that you are comfortable when you actually make real trads on your money. It is vital to have a trading strategy in place and ensure you are able to exit trades quickly if they go the wrong way. This is important to profit and avoid losing money.

To know whether Forex Growth Bot works or not, you would need to test it out for a while to do justice to the system. A bot will not win all the time and as long as it consistently wins, it is good enough. So just operate it like I did and you might be surprised by the result.

Forex trading has many advantages over other trading businesses all you need to trade is a PC and an internet connection and you can trade from anywhere in the world.It’s easy to see why forex is very quickly becoming popular especially with bots like Forex Growth Bot available to help make steady profits.

{ 0 comments }

Is It Possible To Make Money From Forex? Is Forex Automoney a Scam?

June 4, 2011

Yes, it is possible to make money from forex. Forex Automoney has been live for five years now. It has many claims which looked too good to be true. Thus, initially I thought it was a scam. The Forex Automoney claim is that you will easily make thousands of dollars a day in Forex just [...]

Read the full article →