Million Dollar Pips
Million Dollar Pips is one of the EAs that I was personally quite interested in checking out. After speaking to a lot of robot traders it became clear that this particular EA performs consistently so I’m looking forward to seeing what this bot can do.
This EA is built around a ‘safe’ and ‘unique’ scalping strategy that applies effective money management and NO Martingale strategies.
The robot does not employ hedging strategies and follows FIFO regulations.
The robot was developed by William Morrison who spent the last 18 years developing software before turning to Forex.
William had the same problems all robot traders have at some point. The robots he bought didn’t work. This led him to learn more about trading and almost 2 years later, he went on to develop his own Expert Advisor, Million Dollar Pips.
Here’s what you need to know about this EA:
William had one simple goal, to create a real system, but not a simple system, not one that makes a little money, one that grows an account. One that explodes an account into profits while trying to maintain a low drawdown, without using martingale, high stop loss, or anything with crazy risk.
After having numerous communications with him over the lat few weeks, I can tell you that he does a great job of providing real software with real quality support.
PLUS free updates! He’s a programmer who cares about his product and wants it to succeed so he continues to improve and upgrade the robot.
There is a version of the EA that works on the EURUSD currency pair and another version designed to work on the USDJPY pair. Which version you prefer is entirely up to you, but note that in our tests, we are using the EURUSD version.
The EA will work on unlimited demo accounts but only on one live account. Additional licences for live accounts are also available.
The EA comes with an Auto installer which is pretty easy to run through but this EA is an advanced piece of kit and it does come with a few nifty little options.
Please be sure to read the manual and understand each of the parameters before making any adjustments to the settings. For our testing purposes we will be using the default settings.
This EA is backed up by live account statements that go back almost two years, that will give you an idea of the performance. Whether it can do the same for us, remains to be seen. Watch this space!
If you’ve used this EA please feel free to share your experience with us by leaving a comment in the form below.
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