Million Dollar Pips
- General Properties
- Currency Pair: EUR/USD
- Timeframe: M1
- Trading platform: MetaTrader 4
- Work time: 24 hours
- Work with decimal point figure: 5
- Forex advisor Million Dollar Pips is in action around the clock, however, trades are opened in very short time periods. Million Dollar Pips advisor opens a few orders and closes sharply fixing a small number of points. One of Million Dollar Pips advantage is that the Advisor sets Stop-loss and Take-profit levels during a high market dynamics. With Million Dollar Pips advisor it is recommended to trade with EUR/USD pair.
- Worth paying attention that testing of this advisor strategy is carried out only by M1 ticks of EUR/USD pair.
- There is an opinion that similar Forex-Advisors bring profit only in MetaTrader4, as ticks are synthesized inside of M1 bar in MT. In such a way, before the bar is shaped the tester looks forward, aside from that, on a real account ticks are rectilinear between extreme bar points and they never move as in MT tester.
- By Forex traders responses this advisor performance in the demo monitoring is quite tempting. But a disadvantage of this advisor is that on a live account huge drawdowns are possible. The thing is that Million Dollar Pips Forex advisor opens and closes a great number of trades for a few seconds that may impact the live trading account negatively while trading.
