1000pip Builder Review

Feb 18, 2021 03:08 PM ET
1000pip Builder Review

1000pip Builder is a Forex signal provider that claims to provide accurate trade alerts generated by an experienced trader. It promises 2-7 trades per day and a monthly target of 350 pips. The service can be accessed from any part of the world and provides trading alerts for all sessions. 

It also promises high performance, expert analysis, and full customer support. But, in order to judge its efficiency, we need to look at some other factors like the features offered, trading strategy used, and verified live trading results. Let us now discuss each of these aspects in detail.

Product Offering

1000pip Builder Product Offering

On the company website, a certain Bob James is mentioned as the lead trader. He has a decade’s worth of experience in the Forex market and has worked in one of the top financial institutions in London. Bob possesses a sound understanding of the Forex market and identifies crucial trading occasions by applying technical and fundamental analysis.

The website mentions the lead trader maximizing profits via flowing price shifts and concentrating on high probability occasions. Trading signals are delivered to the clients via SMS, Telegram, and email. On the website, we also found a contact form where you can send a message to the company by providing your first and last name and email address. 

That being said, there is no definite address provided for the vendor, which causes it to lose some points in the transparency department. The location of the company is provided as London, United Kingdom.

This system offers three distinct pricing packages. The first one is for 1 month and costs $97. There is also a 3-month plan costing $227 and a 12-month plan priced at $497. While the prices are pretty standard, no money-back guarantees are offered. 

1000pip Builder

Type

Fully-automated 

Price

$97

Strategy

Trend Capture, Range Trap, Momentum Rider

Compatible Platforms

MT4

Currency Pairs

15 pairs

Timeframe

4 hourly, hourly, 15 minute

Recommended Min. Deposit

undisclosed

Leverage

undisclosed

Trading Strategy

1000pip Builder provides step-by-step guidance with its signals. So, even if you don’t have much experience in the Forex market, you can place your trades with the help of this system. The trading signals contain vital details like take profit, stop loss, and entry price.

It uses three main strategies for identifying trading opportunities, namely Range Trap, Momentum Rider, and Trend Capture. The Range Trap strategy is ideal for short to medium-term trading and it concentrates on pointing out resistance and support areas. It then analyzes the candle and chart patterns to trade the swings from the range's peak and trough.

The Momentum Rider scheme involves the analysis of divergence between long and short-term price movements. This lets you capitulate on price movements caused by major economic and political events. Finally, Trend Capture is a strategy that uses fundamental and technical analysis following long-term trends.

1000pip Builder deals in 15 currency pairs and mainly uses 15-minute, hourly, and 4 hourly timeframes for trading. For short-term trades, the 15-minute timeframe is used, while long term trades are based on the 4-hour timeframe. There is no minimum size for a user account and the risk-reward ratio generally lies between 1:1 - 1:4.

Trading Results

1000pip Builder Myfxbook

One of the great things about this service is that it provides verified live trading results on Myfxbook. Although no backtesting results are provided, we can learn quite a bit about how the Forex EA performs by going through the results. The gain percentage of +87.86% tells us that this system delivers a decent performance in the live market.

From the Myfxbook page, we can see that 1000pip Builder has won 56% of the trades with an average win of 28.91 pips/$51.76. The profit factor stands at 1.21, which is not phenomenal, but systems with profit factors above 1 are generally considered reliable.

Customer Reviews

1000pip Builder Customer Reviews

On the Forexpeacearmy website, we found some user reviews about 1000pip Builder and they are overwhelmingly positive. Customers have praised the fast response of the support team and the quality of the signals. 

Final Verdict 

Pros

  • Verified trading results provided

  • 2-7 trades per day

  • Signals available for all sessions

Cons

  • Lack of backtesting results

  • Vendor’s address is not provided

Summary

While the 1000pip Builder system is not without its flaws, it does make a great presentation on the website. Although it lacks vendor transparency, live trading results are provided, which tells us that this software can be trusted. The customer reviews are quite positive, and some information is provided on the trading strategies used, which leads us to believe that it is a legitimate signal provider.

Hence, we can say with confidence that this system is worth a shot and that you should consider investing in it.

Rating: 7/10

  • Features: 7/10
  • Strategy: 8/10
  • Price: 6/10
  • Performance: 7/10
  • Feedback: 7/10

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