1000 Pip Climber is a professional and accurate expert that provides you with various trading signals as in the form of pending orders. It means you execute trades by yourself, and you just receive the signal from it.
What is 1000 pip Climber EA?
As we mentioned, the 1000 Pip Climber EA is different from other experts which execute trades themselves. This expert advisor only produces trading signals. It measures the market condition on the trading signal that you’ve chosen after installing and setting up the expert advisor. If you are interested in learning more about Forex Trading Expert, you can read this article “What is a Forex Robot?”
Then, if it finds a trading position, it will notify you by an alarm, email, and even a direct message (SMS) to inform you of the signal and price; in this case, you should decide whether to place an order for that signal. As far as the trading strategy consists of daily trades and it’s not scalping, you have enough time to place trading orders.
1000 Pip Climber Installation training
Installing the 1000 Pip Climber is straightforward; firstly, visit the website, register, and pay the price. Next, you will receive a download link, which is specialized for MetaTrader 4. After downloading, it should be installed in the “MQL4\Expert\…” folder, then close and open MetaTrader 4 once to run the robot. You can find the robot in the Expert Advisors section of MetaTrader 4.
After installing the robot, several other files related to various settings will be available to you. You need to download those files and copy them to the “MQL4\Presets\…” folder so that the recommended settings for the robot are available to you and you can use them. Along with these files, a PDF file will also be provided to you, which contains all the explanations and instructions on how to use the robot.
1000 Pip Climber work training
How to work with 1000 Pip Climber is completely easy. Once you install the robot run it on currency pairs, then you receive the signal similar to the list below, and a sheet appears on the chart whenever the robot identifies a trading signal. The sheet contains some specifications that we will have a quick look at in the following:
Direction: Indicates the type of signal (buy or sell).
Enter price: The price which should be entered.
Take profit: Three profit targets are specified for you so that you close the trades.
Stop loss: It’s the position that you should exist to trade at a loss.
It is essential to mention that along with all this information, a green or red arrow will appear on the chart to guide you in finding the accurate location of the signal.
The best trading session for using 1000 Pip Climber
As far as this robot only provides signals, it depends on you to decide in which trading session should be used. Also, the 1000 Pip Climber EA operates in line with market trend flow. Most of the users have reported that the best performance of the robot was during the Londen and NewYork trading sessions. Since the volume of trades in Linden and New York is the highest possible volume in the market, the main trends in each trading symbol occur in these sessions.
The best trading symbol for 1000 Pip Climber
You can run the robot on any selected trading symbol that you want. On the other hand, most users admitted that the robot performs perfectly on USD/CAD, EUR/USD, GBP/USD, AUD/USD, and EUR/JPY. Considering that the robot can be run on a limited number of currency pairs, you’ll see the list of them below:
Pros and cons of 1000 Pip Climber EA
Generally, the 1000 Pip Climber is one of the most popular trading robots worldwide, which has specific features, and the majority of the users are satisfied with Its performance. If we want to mention the pros and cons of the robot individually, we could name the following below:
Capability to observe the performance in MyFXBook.
High profitability percentage
High trading accuracy
It cannot be installed on MetaTrader 5.
It can be run only on a limited number of currency pairs.
Only trades on 3-time frames.
Indeed, the manufacturer of the robot provides users with new updates every month, in which the performance of the robot will be improved with each update.
The best time frame for using 1000 Pip Climber:
In general, the 1000 Pip Climber can only execute trades on 3 time frames. When you activate the robot, you will receive the signal in 4-hour, 1-hour, and 15-minute time frames. It’s crystal clear why the 1000 Pip Climber only produces signals, so it should be on time frames where the user would have the opportunity to place trades and orders.
The 1000 Pip Climber performance:
To see the 1000 Pip Climber EA, go through the dedicated page on MyFXBook where you can observe Its performance from several years ago to several days ago, live.
All in all, according to most users’ opinions, this expert advisor is profitable and capable in the long term. However, as long as the trades are executed daily, you should not expect high profitability in the short term.
The 1000 Pip Climber trading strategy:
As said by the 1000 Pip Climber EAmanufacturer, the expert uses complex technical analysis methods to analyze the charts. Specified indicators are written for signal generation, which tends to provide high-quality and accurate signals. However, the company has not provided any specific information about the strategy type that is used by robots.
The best substitute for 1000 Pip Climber
Undoubtedly, the 1000 Pip Climber is one of the best experts all around the world, but there are some issues for certain users from different nationalities that make it difficult to use this robot. However, don’t worry about this issue. Express Advice offers Forex trading robots to all users worldwide. There are alternative robots that have similar performance to the 1000 Pip Climber EA and have no restrictions. You can usethe Alpine EA, which has excellent performance, and due to the support of the developer team for all users, you will not have any problems while you’re using it. Some of the most important features of the Alpine expert advisor include:
Fully automated trading with capital management
Trading on a 1-hour timeframe
Verified by MyFxbook
Very high profitability
Ability to install on two different trading accounts simultaneously.
To see the specifications of robots such as the Alpine robot, check the “buy forex EA” page.
What we read about 1000 Pip Climber in this article:
From what we read in this article, we realized that the 1000 Pip Climber is an expert in providing trading signals, and the traders can execute trades manually after observing the signals. This expert advisor is registered in MyFXBook, and its long-term performance is profitable and acceptable. Also, there is another great substitute for the 1000 Pip Climber for every user: the Alpine expert advisor from Express Advice company.
Frequently asked questions:
How much does the 1000 Pip Climber EA cost?
The 1000 Pip Climber has various versions that are priced from $97 to $4595.
How does 1000 Pip Climber work?
The 1000 Pip Climber is not a fully automated system; it’s an expert for generating signals, so you should open the trades by yourself.
Is the 1000 Pip Climber profitable?
The long-term performance of the robot has shown in MyFXBook that the robot can be ultimately profitable in a one-year period.