Million Dollar Pips Review
***** million dollar pips review ***** Click Here ******
A new robot is on the market – Million Dollar Pips Review and when I got contacted to review the robot, I instantly got pulled off by the name. I simply thought that this is another rubbish, not even worth to consider it, imagine writing a review and even worse demo trade it.
Curiosity killed the cat, and I thought – “I am sure that they have no live account on the sales page.” To my surprise there was a large live account and another thing got my attention – “small losses”. Wow a robot with small losses?? How can it be?
million dollar pips review – Small Stop Loss?
Yep! Analysing the statement found on FXBook, the robot stoploss is only a few pips, on average 7 to 9 pips. However the wins onaverae are also very close to 7 to 9 pips on average, so we may assume that we have 1 : 1 risk win ratio – which is cool.
For example taking some trades done today – 19th July 2011, we can see that there was a total of 9 trades for a total profit of today of 6.4 pips. Trades are only open for a couple of seconds or minutes so this is clearly a Scalper Robot – which to be honest I like. Of course this entails that we need a scalper friendly broker – which can be a problem for some of us.
All in all the EA looks to be a genuine product. So I have convinced myself to try this EA. I am going to purchase the EA tomorrow and will publish my results here. Stay tuned for more updates!
Pips 4 Idiots Review
***** Pips 4 Idiots Official Site *****
pips-4-idiots
*** UPDATED – 8th December 2010 – NOT RECOMMENDED ****
As many of the regular readers of this blog know, I don’t write reviews on every EA that is released. As you for sure know, between 2 – 5 new EAs are released every week. Most, if not all are scams. They are free EAs rebranded and sold again with a different story line.
I happen to smell scams 
. As for this week, another EA was released and the story line was that he was an ex broker, and he will revolutionise the Forex Industry, claiming that his new EA will make you $20,000 a month. Evaluating his statement, the Ea trades with 1 Lot, hence this EA makes 2000 pips a month. 1 pip trading with 1 Lot is equivalent to $10.
Speak to any trader, and claim that you make 2000 pips a month with an EA, and he will simply tell you – ‘Fuck Off’. It is virtually impossible. And you only make money when the market moves, if the market does not move, you will not make any money.
Anyway, but sometimes, rarely, new stuff are released which are worth your time. Now I am talking on Pips 4 idiots, an EA to be released next week.
So why this EA caught my attention?
The claims are not exaggerated. They are more realistic. The guy is also giving away a free indicator Pips4IdiotIndicator which looks interesting. I have not tried it yet since the market is closed right now, but will try it tomorrow and see how it works during market hours.
The indicator simple changes the colour of the bars to blue or red, and when it indicates blue, it means Buy, and when it turns Red, it means Sell. I need to verify if the bars turn red or blue while the bar is still forming or at the end of the bar. If the indicator signals buy / sell while the bar is still forming, just looking at some charts, the indicator seems profitable. Will give it a try tomorrow.
Stop loss is only 20 pips which is great!
Forex 4 Idiots EA
There is little information so far on the EA, except that there are some statement and a video showing the trades taken b y the EA.
For sure, a lot more information will be released during this week.
I will keep updating this post when more information becomes available.
Forex-U-Turn Review
So, we’ve a new system Forex U Turn from Jason Sweezey endorsed by Vladimir Ribakov just launched.
Jason Sweezey is well known for the incredible system Forex Pip Snager and Vladimir Ribakov is nicely recognized for sRs Pattern Rider and The Forex Signals.
They’re for sure two among the few people that you’re in a position to trust within the foreign exchange company.
Forex U Turn Program – why I am wasting my time writing on it?
For sure you’ve heard the term – your pattern is your friend, so in other words usually open positions in the direction from the sample.
Should you believe about that phrase –‘ your trend is your friend’, you’ll discover 2 questions that needs to be answered.
1) When you’re sure that the trend has started
2) When the trend is going to finish
Those two questions could be asked in just 1 question – Where are we going to possess a pattern reversal? If we are able to predict when we possibly can have a reversal, we are in a position to either
1) Close any trades that we’ve open and reverse
2) Catch the pattern from the beginning
Something else, should you enter a trade in favour from the trend, it might occur that the pattern is about to end and reverse!
So what if we are able to predict with particular accuracy that a pattern is about to start or about to finish?
That’s what Forex U Turn is all about!
It’s manual trading program and is based on Price Action so this program will never gets old and will continue to work forever. That’s what I can say till now so not a lot information have been released so far.
For certain if we are able to predict trends reversals with precision as claimed, than that’s cool. I can already seen how I can integrate it with some of my trading systems that I use, including the 1 that I’m giving away in the event you subscribe to my newsletter – spam free.
I will buy the system on its release and I will give a lot much more info once it’s released.
