Million Dollar Pips Forex Robot Review -Is Million Dollar Pips a Scam?
Robot Name: Million Dollar Pips
Robot Platform: MetaTrader-4 | ZuluTrade
Robot Type: Forex Scalper
Price: $99 (Free Lifetime Updates)
Million Dollar Pips is a very popular Forex Robot with thousands of downloads worldwide. Million Dollar Pips developers claim that buying their product for $99 plus a $250 investment, could result in 8 figures profit in a period of 5 years. Here are some important facts about the Forex robot.
► Visit the Expert Advisor's Website
Million Dollars Pips Main Features
1. Million Dollar Pips is a full-automated Forex robot (developed by William Morrison)
2. Million Dollar Pips uses one scalping strategy including Take-Profit and Stop-Loss orders
3. Million Dollar Pips uses a 1-minute-chart to trade
4. Million Dollar Pips is basically using an Indicator and price action to trace and take advantage of mini price breakouts
5. Million Dollar Pips is using a very tight scalping tolerance which results usually only in a few trades per week
6. Million Dollar Pips is an NFA compliant trading robot
7. Million Dollar Pips provides the option to run multiple trades at the same time
Be aware that some Forex brokers are using software against Forex robots
The Right Forex Brokers for Robotic Trading
When you are trading Forex using the Million Dollar Pips or any other robot, there are some basic requirements that you should meet:
i) Good connection to the internet (or a VPS Forex Hosting Service)
ii) An ECN/STP Forex Broker and not a Market Maker Broker. High-Speed scalping shouldn™'t be used in brokers who are trading against their clients as Market Makers do.
iii) Charged with normal spreads. Note that wide spreads may limit the MDP action in only a few trades.
Final Conclusions on Million Dollar Pips
The Million Dollar Pips robot is one of the most interesting and popular Forex robots in the world. This Forex robot is offering a built-in risk management system.
Purchasing the software is not expensive (a refund guarantee is also offered) and installing it is simple and fast. Use the demo version before you trade a Live Account, but be aware that sometimes when you move to a real live account the speed of execution may drop (it depends on your Forex Broker).
Million Dollar Pips trades better with ECN Forex brokers offering tight spreads and fast execution. In addition, make sure that you have a good internet connection or else use an external VPS hosting service.
Million Dollar Pips Forex Robot Review -Is Million Dollar Pips a Scam?
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