Million Dollar Pips Robot – Forex Expert Advisor
Million Dollar Pips Robot is a commercial trading advisor developed by Million Dollar Pips. It’s worth $147. This Expert Advisor works on a one-minute timeframe. The most wonderful circumstances in the Expert Advisor are the extremely reliable stop-loss function, which helps to save a trader’s deposit in unexpected market conditions. The Expert Advisor uses a scalping strategy, using a combination of indicator/price at the same time. The robot is scalping with small piercing warrants. The profitability factor of the Expert Advisor is 1.9 and the average annual loss of only 7 percent. The Expert Advisor can make several transactions simultaneously. The functionality of the Expert Advisor does not allow the use of hedging and this makes it suitable for NFA.
Million Dollar Pips Robot – detailed information
|Worker||Million Dollar Pips Robot|
|Type of Expert Advisor||trend|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||100|
|Indicators||your own indicators|
|Recommendationed brokers||Fort Financial Services|
|Yield, % p.a.||47.35|
|Max. drawdown, % p.a.||27.39|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
What is a Forex Expert Advisor?
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
How do forex advisors work?
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Why shouldn’t beginners trade with Forex Expert Advisors?
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.