This article will share my personal experience and findings with the 1000pip Climber System signal provider. I want to disclose as early as now that I have affiliate links to 1000pip Climber System, but do not get discouraged. As with every article on this blog, I will expose all positive and negative aspects of the system so you can decide on your own. Let’s dive in.
The system monitors 6 currency pairs including EUR/USD, EUR/JPY, AUD/USD, USD/CAD, USD/JPY, and USD/CHF. It uses 3 timeframes – 15M, H1, and H4. All these pairs are major forex pairs and will have relatively lower spreads. The system alone is only a signal provider and not an Expert Advisor or EA. This means you need to manually order the signals yourself on your MT4 platform. If you want the signal provider together with an EA that will automatically carry out the trade, you need to purchase the EA separately here. The developer of the signal provider is different from the developer of the EA. You need to purchase the signal provider first then the EA to have a complete setup.
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1000pip Climber System signal provider displays the (1) exact entry points, (2) 3 levels for take-profit, (3) a stop loss level, and (4) validity period or signal expiration which is displayed in date and time (see picture below). Entry points are usually more than 10 to 50 pips away from the current price which gives you ample time to key in the generated signal. You are also free to choose which take profit level you feel comfortable with. The farther the take profit level you chose the riskier the trade also can possibly become more profitable.
How it works
Below is an explanation on how the system works copied from the PDF file sent after purchasing the system.
“The algorithm that the PCS uses has been designed to identify key areas of supply and demand build-up (pressure zones). The algorithm then calculates the probability that the trending price movement will develop out of the pressure zone. The algorithm does this by analyzing the price movement over short, medium and long time frames. Even if we are trading over a short time scale it is important to look at the longer-term price movement in order to truly determine whether a trade may be successful.”
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“If the system calculates that there is a strong likelihood of a trending move developing once the pressure zone is breached, then the system will create a signal and the information will be displayed on the screen.”
In simple terms, the system uses a trend-following, breakout and breakdown strategy, and is a non-martingale system.
It uses near and long term support and resistance levels to determine whether the price will breakout (go up) or breakdown (go down). It places a “Pending Order” or future price order above or below key resistance and support levels. See image below for explanation.
Below is the actual signal generated.
It’s really simple but very effective. This is just like the strategy that forex gurus teach on YouTube! The system works best in trending markets.
What’s to like about it
I like the system because it does not use martingale system. I already burned 2 accounts using an EA that uses martingale strategy. It is profitable at first but it’s not forever. One day all your gains will be wiped out, trust me.
1000pip Climber System has a specific stop loss level which I find acceptable. You can choose between 3 take profit levels but for my initial setup and testing, I always use Take Profit Level 1 for safety purposes, and indeed it paid off.
This system is a signal provider and not an EA which makes the whole thing a lot safer. You do not wake up one day with your account burned. You are in control of whether you want to enter a trade or not. Again, you can convert this signal provider into a full-blown automatic EA by downloading the EA here.
How many trades does it make?
According to the manual, it takes 5-12 signals a day but sometimes it can generate none. From my own personal experience, it generates 1-3 signals per day about 70% of the time and the other half is zero or no signals generated at all. From the signals it generates, around 20% to 40% will actually get traded, the rest were just “Pending Orders” and were canceled when the signal expired. In 1 month, 1000pip Climber System executed approximately 13 trades and all 13 closed with a profit. During the testing, I used Take Profit Level 1 which may have contributed to the 100% profitable trade. This is during a very turbulent time.
I am unable to link myfxbook account for this signal provider because I am using other EAs on the account as well. You can check out this account provided by the developer instead. Unfortunately, I do not have a way to verify whether this account is purely from 1000pip Climber System.
Who is it for?
Do not expect fast money with this signal provider. It will grow your account slow and steady. This system does not use a martingale strategy so the risk of burning your account is low. You can treat this tool as somewhat of a mid to long term investment where your money grows over time. But like with any other system, this is not 100% guaranteed. The system works best on trading markets. It has generated good signals especially this last quarter of 2020 as the USD continues to trend lower. The USD is expected to continue its weakness until 2021 according to analysts.
The system costs $97, a fair price for a reliable, low-risk signal provider. Get 1000pip Climber System here.
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