Expert Advisors on FxPros: Million Dollar Pips Review

Million Dollar Pips is an automated Forex scalping robot developed by William Morrison, designed specifically for trading the EUR/USD currency pair on a 1-minute chart. Known for its tight risk controls and high-frequency trading strategy, this Expert Advisor is fully compliant with the US National Futures Association (NFA) standards.

Overview: Million Dollar Pips EA

• Developer: William Morrison
• Trading Strategy: Scalping on 1-Minute EUR/USD Chart
• Trading Platform: MetaTrader 4 (MT4)
• Regulatory Compliance: NFA-compliant
• Pricing: $99 (One-time payment)

» The Million Dollar Pips Website

How Does Million Dollar Pips Work?

Million Dollar Pips operates as a scalper, executing rapid trades on the 1-minute EUR/USD chart. The robot is programmed with a low risk-to-loss ratio, placing stop-loss orders close to the trade entry point. It actively scans the market for favorable conditions and initiates trades based on short-term price breakouts.

Each trade includes predefined Stop-Loss and Take-Profit levels, dynamically adjusted based on current market conditions. As with most scalping robots, Million Dollar Pips performs best when left to operate without manual interference.

Forex Trading Frequently Asked Questions (FAQ)

What Is the Foreign Exchange (Forex) Market?

The Foreign Exchange Market, or Forex, is the world’s largest and most liquid financial market, operating 24 hours a day, five days a week. It is a decentralized, over-the-counter market built on an Electronic Communications Network (ECN) that links banks and financial institutions globally.

Currencies are traded in pairs, and the average daily trading volume exceeds $5 trillion, making Forex larger than any stock market in the world.

What Is a Currency Pair?

A currency pair represents the exchange rate between two currencies. For example, EUR/USD shows how many U.S. dollars (USD) one euro (EUR) can buy.

• The first currency (EUR) is called the base currency

• The second currency (USD) is called the quote or counter currency

Common Currency Symbols:

• USD – US Dollar
• EUR – Euro
• GBP – British Pound Sterling
• JPY – Japanese Yen
• CHF – Swiss Franc
• AUD – Australian Dollar
• CAD – Canadian Dollar
• NZD – New Zealand Dollar

The most traded pairs—like EUR/USD, USD/JPY, and GBP/USD—are known as major pairs. These pairs are highly liquid and typically offer lower spreads, which is key for profitable trading.

Forex Sakura Robot Review

• Forex Robot: Forex Sakura (Japanese Style)
• Robot Style: Scalping EURUSD, USDJPY in H1 Timeframes
• Platform: MetaTrader4
• License: 2 Real Accounts
• Cost: 98 USD (one-time)

This is the review of the new Forex Sakura Robot.

Introduction to the Forex Sakura

The Forex Sakura is an innovative Forex Robot that works on MetaTrader4 and trades only two Forex currencies (EURUSD, USDJPY) in a fully automated mode. The robot offers easy installation and configuration, but for those wishing to customize it, it offers many options to fit any trading style. The robot incorporates unique filters as the News-Filter, which allows the avoidance of trading during days of important news. The robot also uses additional filters to avoid high spreads and to avoid trading in sessions without strong trends (flat markets). Overall, what characterizes the Forex Sakura is its ability to perform selective trading and adapt to any market conditions. The selection includes trading hours, stealth mode, spread control, sensitive TP and SL, and many other filters as presented below.