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.
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.
- 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.”
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.
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!
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.
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
1000 Pip Climber is a well known Forex indicator with very specific rules.
Rule based trading Full support available Step by step video guide
No results in 2 years