Million Dollar Pips Review

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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!