1000pip Climber System Review
Today, we’d like to talk about the 1000pip Climber System. It’s a rule-based Forex system that has an inbuilt indicator.
Trading Strategy Explanation
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The system doesn’t trade automatically for us and only reveals Entry Price, Take Profit, and Stop Loss levels.
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The system can notify us via email or pop-up menu.
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We can follow them everywhere.
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According to the chart, we have a BUY/SELL indicator that was built on the base of a download-free one because we don’t see any additional info about what basic inbuilt MT4 trend indicators were used.
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Signals are delivered as pending orders.
Backtest Data Analysis
These unclickable pictures the devs introduced as backtest reports. There’s no data behind them to check, so they could be simply photoshopped.
The developers insisted that the system has provided almost 20000 pips for three years. Of course, it’s a lie.
Live Trading Data Analysis
We’ve got a demo USD account on Admiral Markets. The developer traded manually, having used technical indicators with 1:500 leverage on the MetaTrader 4 platform. The account didn’t have a verified track record. It was created on October 26, 2017, and “funded” at $3000. For several months, the account balance has become +36.55%. The average monthly gain was +11.52%. The maximum drawdown was 4.72. The account is still tracked by 36 traders.
The developer traded 282 deals with 1518 pips. An average win was 28.63 pips, while an average loss was -30.95 pips. The win-rate was 57% for Longs and 95% for Shorts. An average trade length was over sixteen hours. The Profit Factor was low (1.35).
As we can see, the indicator couldn’t handle the wildest symbol - EUR/USD (-$109.02). The most profitable symbols were EUR/JPY ($569.58) and USD/CAD ($404.16).
The developer traded mostly European session trading hours.
Tuesday and Friday were the most active trading days.
The dev traded with medium risks to the account balance.
All trades were closed after reaching TP or SL levels. There was no manual closing of deals.
The first two months were closed with significant losses.
There’s the second hidden account. November 2020’s results were predictable taking into account high-risk trading.
There’s a huge list of 132 Grid and Martingale trades. The account slowly but surely moves to the Margin Call and Stop Out. We’re sure no one wants to repeat this trading activity.
The company
There was a several-years old article on Investing dot com, but it seems like it was a paid one.
There is some positive feedback that we can find on the site.
The company has a profile on Forex Peace Army with a 4.68-star rate from five possible based on 56 reviews.
From negative comments, this person had no profits for a long period of trading.
Yes, we’d like to see trading results from the nearest past.
Pricing
The indicator sells for $97 with $202 OFF. The pack includes full support and should have free updates as well.
Review Summary
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Conclusion
1000pip Climber System is an indicator that was built based on a download-free BUY/SELL line that doesn’t work perfectly. Trading results showed that the developer traded on the demo account without taking risks to his money. Trading results are several years old and didn’t represent the current state of affairs. Even with the sale, the offer looks overpriced.
Rating: 3/10