Truly automated Forex day trading is only possible if you find a system that actually works. Most of the time, that's easier said than done. If you're looking at Million Dollar Pips, you're like a lot of other traders out there. It's definitely got it's fair share of attention in recent years. It's a program that is promoted by William Morrison. Can you really make a million with Million Dollar Pips? Here's the scoop.
Ease of Use: 9/10
Customer Service: 9/10
Million Dollar Pips is an expert advisor that trades the EUR/USD currency pair. This program typically places several trades on the parent throughout the day. This is not a Forex robot that will sit on its hands and forget to trade. You'll see plenty of action.
If you spent any amount time looking at the various reviews about this product, you are bound to see some mixed results. This is probably because it is a very broker-dependent robot. It only works well on ECN Forex brokers, according to many traders. If you have it on an ECN, it trades frequently and does well.
If you put it on a standard broker that does not provide ECN access, there is a good chance that you will not be satisfied with the product.
This is another one of those $99 expert advisors and at first glance, it looks like another product that the seller is trying to peddle with a killer sales letter. It makes you think that you're going to be able to retire next week after investing $99.
Whlie it's not quite going to be that sweet for you, it is definitely a good product overall. It uses a unique trading strategy that you don't find in a lot of other robots. For only $99, you could definitely do a lot worse than this robot. It also comes with a 30 day moneyback guarantee. If you're not happy for any reason, you can just get your money back.
This allows you to put it on a demo account and trade with fake money to see how it goes before putting up any of your hard-earned money. I'd say, it's definitely worth a look. If you don't like it, you're only out some time. If you do like it...well you're going to be a lot better off then.