Daily Pips Machine Review: this is a pip providing Forex indicator that is touted to be “amazing” by the creators. Is dailypipsmachine.com a legit Forex robot or a scam?
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What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
Daily Pips Machine is a forex pips generating product that requires no experience, no large bank account, and no experience.
It was created by Vince Black who claims to be a trader ready to help others “work smart”. With Daily Pips Machine, clients can make up to $2,000 in just 5 minutes.
The creator says that he previously worked as an IT support guy and that together with his supervisor, they had made this robot. It allows them make money while the sleep, vacation, and hang out with friends.
How Daily Pips Machine Works
On the website, the product is said to be fully automated. Clients need not even put any effort into trading, so easy it is said to help them make money as they sleep. There are lots of tempting figures on the page which were all self-generated by this pips machine.
The system was created after the vendor was introduced to Forex trading by his supervisor and he quickly picked interest in it. He claims to have a “natural talent” for trading. From then, they both created a “manual trading system”.
Because they had programming backgrounds, they were able to create a “trade assistant software” that automatically sends entry, exit, SL and TP signals both by email or sound. The system brought their win rate from 90% to 100%.
Daily Pips Machine is said to be a one-of-a-kind system that makes use of trend trading, wave trading and proprietary indicators to consistently deliver 2-4 winning trades a day. It works with any currency and any time frame, but the best timeframes are mentioned to be 1H and Daily.
The product comes with an instant access to the Daily Pips Machine members’ area and a free FX Elite Earners System, which usually costs ($479). As of when this review was written, the robot costs $37.
Daily Pips Machine has few reviews from clients on the page, but it is hard to trust this as it is not available anywhere else online. The trading results we are shown are just images that could be false as well.
There is a link provided for clients to reach a customer care representative, besides this, a FAQs section is also made available to address some questions.
Conclusion on Daily Pips Machine
It is hard to trust this vendor because an online search for his name did not lead us to anything related to Forex indicators. The robot seems to be too good to be true and it is not explained how it is supposed to give its accurate self-generated results.
The only things Daily Pips Machine has going for it is that it is fully automated, cheap and requires no experience to be used.