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1000 Pip Climber System Review (Myfxbook)

1000 Pip Climber System is a 100% rule based Forex indicator “designed for success.” The system first launched in 2016, so we are a obviously a fair amount late with our review, but we’ve recently been asked about it a few times in email, so now is the right time. Today, we finally provide our review, analysis and let the community know if this is a viable option.

Despite being available for a few years already, there is limited information on the developer. All we know is that it’s owned and coded by someone named Jim. This makes it difficult for us to do any in-depth research to see if this trader has enough experience in the Forex market to be selling products.

The creator does not provide a location of their head offices either. To get in touch with support, traders can email JimPCS@1000pipClimberSystem.com.

1000 Pip Climber System Review

The main purpose of the 1000 Pip Climber System is to give traders access to a software that makes it easier to succeed in the Forex market. The indicator looks for “high probability price movements” and the notifies the trader that a signal is available via the MT4 platform, or email.

When a signal is available, it comes with the entry price, take profit and stop loss, so the trade can simply follow the directions. They feel that it’s the best Forex indicator available because it is fully mechanical, easy to follow, and provides a high performance.

Strategy

The 1000 Pip Climber System vendor tells us the process of their Forex robot but never goes into any detail about their methodology. We know that the software is rule based, using automatic detection and providing each parameter for clients to follow. Yet, this is really not enough information to determine the viability of the software, especially in current market conditions.

We highly recommend that Jim provides more detail about the strategy, and lets the community know at least a few of the fundamental aspects.

Analysis

  • Type: Forex indicator & Forex robot
  • Price: $97
  • Strategy: Undisclosed
  • Timeframe: M15, H1, H4
  • Pairs: USDJPY, USDCHF, USDCAD, EURUSD, EURJPY, AUDUSD

For traders interested in the 1000 Pip Climber System it’s being sold for $97. With this package traders get full support, the indicator, and a performance that’s “reliably targeted 20,000 pips over three years.”

Trading Results

The vendor makes claims like the one mentioned in the last sentence of our analysis section where they claim to have targeted 20,000 pips. Though, we really don’t see any verifiable prove that this happened at any point in time. There is a performance section of the website which shows a few different images of graphs illustrating the pip gain on different time frames. While we appreciate this data, it is not verified by any third party, so it can’t be relied upon.

The 1000 Pip Climber System creator’s do provide a Myfxbook, which we appreciate, but the account provided hasn’t traded in two years. This account is showing a 36.55% gain and a 4.72% drawdown from October 2017, to January 2018. So, it really only ran for a few months over two years ago. During this time, the account never showed any sort of result close to the 20,000 pips target the vendor is boasting.

The most recent 1000Pip Climber account I’ve been able to come across is one run by MaximDSD. This is a verified live trading account account that is showing a -46.54% loss from June 16th, 2020, to October 1st, 2020.

It’s fair to say that the trading results are lackluster, and need a lot of work in order to compete in the current market. Most other vendors are providing active trading results, as you can see in our reviews of Best FX Tools, InstantEA and Forex Blaster.

We hope that the vendor sees our response to their product and decides to relaunch their Myfxbook account to show the community that the software is still viable. As, at this time, the old results simply do not cut it.

2022 Update

I believe that this robot has potential, but find it very surprising to see it listed near the top of many best Forex robot lists. I’m surprised, because the vendor hasn’t provided updated trading results in around 3 years.

This vendor has a good affiliate program, and a sales page that converts.

At this point, that appears to be the main draw to this software.

I’d be happy to have my foot put in my mouth on this one, so if you have any results, please share them and shut me up!

Client Feedback

Despite not having any detail about strategy, or any trading results, the client feedback on FPA is very positive. We’re quite surprised to see a 4.6 rating out of 5 stars in a market where most people want to lash out.

Conclusion

While the 1000 Pip Climber System client feedback is impressive, it’s not enough for us to look past the lack of strategy and verified trading results. There is obviously some promise here, but we need to see a Myfxbook account in 2022 before we can determine whether or not this is still a viable service.

If you have anything you would like to add to the review, please leave your comments below the article now.

1000 Pip Climber System $97
  • Pricing
  • Strategy
  • Results
  • Feedback
  • Support

Summary

1000 Pip Climber is a well known Forex indicator with very specific rules.

Overall
2.7
Comments Rating 0 (0 reviews)

Pros

Rule based trading Full support available Step by step video guide

Cons

No results in 2 years

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

4 comments

  1. I would love to hear from anyone who has used the 1000Pip Climber System.

  2. When someone says review… they should have used it and then give review not just by reviewing the website of the robot that every one can do it instead of checking here. next time when you say review you should buy test it and then review it… else all is nonsene.

    • This is your opinion Sahar, and you’re welcome to it, but we don’t agree. Not only do we review aspects of the service, we even allow traders an area to leave their reviews under our articles. So, whether you like our approach or not, there is still a review right under your comment.

  3. I try the indicator on 3 digits American broker but I am really disappointed so I am not going to buy the EA…I try also forex fury I am not happy about it since I use always American brokers witch is tough to make profit the only one give me profit is : Life Changer EA but company scam lot of people on account management I found a guy who’s selling the EA but with H1 time frame not good my advice is to buy a EA giving profit on 3 digits broker that’s mean the EA is good

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