Million Dollar Pips EA Review

This EA has been causing alot of buzz around the EA world as it can be classified as a High frequency trading robot, which by definition is make quick short profit in a short period of time without huge draw down or unreasonable risk. Sounds to good to be true ofcourse as I have read this all before, but results don't lie and so far so good in my live testing.

Some details about MDP
- Runs on a one minute timeframe
- Trades with EUR/USD, with USD/JPY and GBP/USD versions available also.
- Option to open less trades
- Trialling Stop Loss recommended but optional

Personal thoughts
So far so good, have been trialling it for over a months and have made around 20% on one broker. Time will tell as with everything as one months performance isn't a good long term gage. Also its very important to find a broker with low latency, and that often means finding a VPS server which is near to the brokers server. This tends to be quite difficult as many other users looking for the same thing. I have personally bought two licences and am just starting a new account with PepperstoneFX running on UCVhost you can view the performance of this HERE

To view the Venders webpage click HERE

As with IRIS FX, its definantly worth having Cashback with your broker, as it trades a decent amount and the cash back can rack up pretty nicely. However spread is very important with this robot so having commission account may be good as spreads are typically below 1 pip.

I think by Christmas we will get a good Idea of how this bot works over time.

To purchase MDP click HERE

To view the performance of this EA click here

Some good cashback service listed below:

CashBackForex
CashBackForex USA
Pip Rebate
FX Rebate Gurus

Purchase this EA from the links here, or sign up to CashBackForex and I will send you a free copy of either Forex Megadroid, Primeval EA v2.1 or Forex Outbreak
Send an Email here if you have done so.