(4 out of 5 stars)
Million Dollar Pips receive a 4 star rating due to its high ROI of 925% monthly (Higher then any other 8 Forex EA software) and a high 2.13 profit factor which is just slightly lower then GPS Forex Robot (3.93 Profit Factor) and Leo Trader Pro (2.85 Profit Factor). Its also has low Maximum Draw Down (2.58%), which is rank number 2 just below FAP Turbo at 0.32% and better then Leo Trader Pro (5.84%). Million Dollar Pips scores 240 points for S3 grading because it feature live real test results, posted history back tested results, uses 3rd party results verification of live trading, provides proof of past results, many testimonial from customers, excellent after sale support, money back guarantee and instant access to download the software.
How this Forex Trading Software rank among others?
Attach a table below summary of Forex EA software comparison using ROI, Profit factor, Max Draw Down, S3 scores and Alexa.com rank. Million Dollar Pips is high lighted in Red colour.
|Forex EA||ROI (Monthly)||Profit Factor||Max Draw Down||S3 Scores||Rating||Alexa.com|
|FAP Turbo||207%||31.77||0.32%||280 points||5 stars||Rank 31,123|
|GPS Forex Robot||28%||3.93||5.68%||260 points||4 stars||Rank 283,290|
|Forex MegaDroid||19.8%||NA||NA||250 points||4 stars||Rank 72,310|
|Leo Trader Pro||32%||2.85||5.84%||250 points||4 stars||Rank 213,570|
|Forex BulletProof||11%||1.32||19%||250 points||4 stars||Rank 309,467|
|Million Dollar Pips||925%||2.13||2.58%||240 points||4 stars||Rank 75,635|
|Forex Growth Bot||148%||1.66||9.05%||190 points||3 stars||Rank 214,229|
|Forex Over Drive||5.8%||NA||21%||190 points||3 stars||Rank 453,393|
Million Dollar Pips popularity from Alexa Traffic Rank is 75,635, which is considered visited more times then GPS Forex Robot (Rank 283,290), Leo Trader Pro (213,570) and Forex Growth Bot (Rank 214,229). Due primarily to its 925% ROI monthly that gain popularity among new and experienced currency trader.
Strategy Tester Report
Million Dollar Pips provide back tested results and below is a screen capture of 2 summary accounts tested on EURUSD from 2010 to 2011. (Click on the picture to see details of the results.) Total executed 2853 trades over year 2010 Jan to 2011 Jan. (237 trades a month) which is a lot of trading activities for the software. Short position 1473 trades vs Long position 1380 trades, show the software can execute trades in both higher high and lowerer low market condition.
The starting account of $10k is back tested to yield $2.4 million within one year. Producing low draw down of 6.58%. This means you get $5.60 losses if your account has $100.00 balance. The winning trades are 67% with a profit factor of 2.13 meaning you earn $3.13 for every $1.00 you lost.
Attach another summary of the back tested result. (Click on the picture to see details of the results.)
The back tested result is from 2010 May to 2011 May, with 2698 trades executed. This work out to 224 trades monthly. With 1516 Short position and 1182 Long position.
The starting account of $250 is exploded to $1.2 million within one year with low drawdown of 2.58%. This means you get $2.58 losses if your account has $100.00. The winning trades ratio is 67% at a profit factor of 2.13 meaning you earn $3.13 for every $1.00 you lost.
Profit Factor is gross profits divided by gross losses. (Higher value better)
Winning trade percentage is total win trades divided by total trades (win+loss). (Higher value better)
Maximum drawdown percentage is the highest losses you have divided by account balance. (Lower value better)
Trade Result Analysis
Million Dollar Pips is one of the hottest software products you can search on the internet. With many reviews and forum talking about this. Attractive ROI and very profitable results posted on the website and real time trading account update serve as the main attraction for many Forex traders. I would highly recommend to both beginners and non-active trader looking to gain passive income from Forex trading. I did another review below.
What strategy is it?
Attached a screen shot from Million Dollar Pips account starting from 2011 May 05 with starting balance of $1k. As of 2012 Feb 09, the balance balloon to $74k. Effective giving an ROI of 925% monthly for 8 months total. This is far better then any stock market and unit trust performance.
Million dollar pips trade primary EURUSR currency with built in money management by monitoring the account balance to increment/decrement the trade lot size. Most trades are triggered during the low peak hours of 1000 to 1400 hours (up to 70% of all trades).
The trade take profits are between 10 to 20 pips. The stoploss are fix between 5 to 15 pips. Thus achieving a balance win and loss trades but with a high profit to loss ratio. Million Dollars PIPS uses EURUSD currency as main trading. Scalping trades with 3 to 6 pips win and stoploss at 4 to 8 pips. Tie up with MT4 broker that have small slippage of less then 2 pips in order to maintenance consistent profits. Trading hours only at low volatility hours to avoid larger slippage loss.
S3 Grading Scoreboard
Best Forex Automated System Top Ranking- S3 grading for Million Dollars PIPS is 240 points. (Refer to picture for detail). The website features live real time trading results, provided detail historical back tested trading results and also posted live account results verification by 3rd party and proof of past earnings.
You can also find many testimonials from happy customers with good after sale support. As a Clickbank product, it comes with money back guarantee and instant download access.
Total = 240 Points
(4 out of 5 stars)
Not enough? Read more...
Click here to access the website for 2 more live trading account and more shocking prove of 2.4 million gain in over a year ---> Million Dollars PIPS