The company behind this FX boasts of 20K pips and low DD their product achieved 3 years ago. However, we’ve found plenty of issues that cannot be ignored.
How 1000 Pip Climber System Works
The dev claim that the system trades fully automatically and that we have do nothing in addition. They promise decent returns, but in fact, this is not so.
“The Forex system continuously analyses the FX market, looking for potentially high probability price movements,” devs said. The system produces signals on three frames: 15M, 1H, and 4H. It trades six major currency pairs.
After that, we’ve seen these pictures. We didn’t know whether they were backtested results or real account ones.
1000 Pip Climber System Trading Results
The vendor shares a link to the live trading account on Myfxbook. Instead of using the brand name as most traders do, the devs decided to call it Mt4-66162174. The next odd thing we noticed is that it’s a Demo account. This is not a way to gain trust among Forex traders. It seems that the devs do not know the mechanics of their trading tool for 100%. Using Demo accounts allows testing the system with ZERO risk. And it’s okay for traders who are new to Forex or those who want to choose the best trading approach before trading on the Real account.
However, as for the devs who develop, promote, and sell the product, it’s a poor practice. There is a huge information gap between the vendors’ claims and reality. MyFXbook shows that the track record is not verified, while on the dev’s website we see the other info.
Official 1000 Pip Climber System website:
Trading results on Myfxbook:
Let’s see what we have on Myfxbook.
This trading account was created on August 03, 2021, and was deposited at $5K. Its total gain amounted to $1,945. We need to point out that from January 2022 till February 2022, the system placed 53 trades and got $661.97 of profit. So, so it did not trade frequently and attained very small profits. The peak drawdown was 26.11%, while the average daily and monthly gains were 0.10% and 4.99%, respectively.
This short and smooth equity curve talks about the risky strategic approach or an unhealthy RRR.
Its win rate stands at 57% based on 375 trades performed. So, half of the orders placed were lost with 1000 Pip Climber System. A poor profit factor of 1.22 only backs up a low system’s profitability.
The recent trading activity of the system was in February 2022. For an unexplained reason, the account was stopped. Nevertheless, the devs still selling their product.
Pricing & Refund
The offer includes a -67% OFF, and the robot costs $97 instead of $299. Paying the price, we’ll receive:
- “Reliably targeted 20,000 pips over three years.” It’s a lie.
- Easy setup
That’s all. Where’s info about how many real/demo accounts we’ll get, refund policy, free updates, etc.?