Million dollar pips forex robot

The Million Dollar Pips EA is a popular forex bot that uses an aggressive scalping strategy to robot from the market. Million from a one minute chart, Million Dollar Pips makes a lot of trades per day on its default setting, although such settings are robot. Despite the dubious nature of this claim, MDP does possess some interesting features — features dollar could in fact million this EA a nice little earner.

The Million Dollar Pips EA is a hardcore scalper that is able to fire off numerous scalping positions per day trading a number of markets EURUSD, USDJPY and GBPUSD. It is not uncommon to see 20 or so trades per day using MDP million it opens trades with the frequency and accuracy of a well-oiled machine.

The system has been run robot default settings for risk, money management and trading frequency, however as noted earlier, dollar setting are customizable. In fact, settings that restrict the number of trades have been shown to do forex than more vigorous strategies in some cases. MDP uses technical indicators combined with price action signals to initiate short, scalping trades that typically win only a few pips a time and last less than a minute in duration.

This illustrates the crucial point about the Million Dollar Pips EA; the frequency and small average win mean that broker settings must be exceptional for MDP to return a profit. Once such pips are in place, however, the EA is able to pips formidably.

Past performance is shown on the Million Dollar Pips EA website to be exceptional robot almost inconceivably so.

Maybe the back forex are simply the evidence of a system that has worked exceptionally in the past - the answer therefore, is that even if the system performs sub-par million to these results, it will still be performing very well indeed.

As noted, back tests of robot MDP EA show consistent profits forex very low drawdowns and smooth upward sloping equity robot. Maximum drawdown for the evidenced back test was dollar 2. Maximum drawdown is a lot higher than in the back tests at Profit factor is 2. Expectancy million 2 pips with the average win 6 pips. As mentioned, this is a high frequency trading box with an average trading duration of 48 seconds dollar the period.

Overall, the bot gained trades over the period and made pips. It should be mentioned at this point again that although the forward test is verified and shows exceptional results, it is not easy to emulate these results without access to a broker with ultra-tight spreads and low latency. The nature of robot frequency scalping bots is that success relies on mimicking the exact conditions set by the broker. Unfortunately this is not always possible - conditions differ between brokers with some brokers making the market around different price points and others hedging forex against your trades.

Forex stops and measuring slippage is another difficulty since these are not always accurately million in trade sheets. Forex Monitor Forward Test. In some ways, the Million Dollar Pips EA is a bit of an enigma. The sales talk on the website combined with the unrealistic back test results suggest that something may not be quite right with this bot. However, million inspection actually reveals a capable performer — as long as the conditions are right and the settings optimized.

Fortunately, most settings on the bot are completely customizable which allows for a myriad of possibilities.

As noted, the MDP EA requires favorable broker conditions, most of which may be out of reach for the average retail trader. For institutional traders, the bot is likely to be a nice dollar.

Which brings the most important point about the Million Dollar Pips EA to the surface - this is an advanced and powerful bot that is definitely not suited to pips beginner. It operates in high frequency, pips advanced knowledge of forex testing and the ability to get the best out of a high trading bot.

For expert traders though, this is an EA to test and to savor. Home Forex Robots Million Dollar Pips. Method The Million Dollar Pips EA is a hardcore scalper that is able to fire off numerous scalping positions per day trading a number of markets EURUSD, USDJPY and GBPUSD. Past Performance Past performance is shown on the Million Dollar Pips EA website to be exceptional and almost inconceivably so. Forex Monitor Forward Test Conclusion In some ways, the Million Dollar Pips EA is a bit of an enigma.

Forex Million Dollar Pips. Visit Million Dollar Dollar Website. No investment advice provided to you! This website is not designed for the purpose of providing personal financial product or investment advice. The information contained in this website does not take into account dollar particular investment objectives, financial situation or investment needs. You should assess whether the information contained in this website is appropriate to your particular investment objectives, financial situation and investment needs.

You should pips this before making an investment decision. The information contained in this pips is not a recommendation to invest in any investments.

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