Frequently Asked Questions
General Forex Questions
What is Forex?
Getting Started With 5 Pips a Day
Do I have to trade myself? Is it difficult to setup?
The Foreign Exchange market, also referred to as the "FOREX" is the largest financial market in the world,
with a volume of over $2 trillion a day.
If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the
Foreign Exchange really is.
What Tools Do I Need to Start Trading Forex?
A computer with an internet connection or virtual private server for remote trading is all that is needed to begin trading currencies.
We provide full detailed instructions so no forex knowledge is needed.
What trading software do I need to run 5 pips a day and where do I get it from?
5 pips a day is designed to work with the forex trading platform Metatrader 4, which is offered by many of the leading forex brokers.
Metatrader 4 can be downloaded for free from most broker's websites, usually via a "download trading platform" link.
What is a forex robot?
A forex robot (also called expert advisor) is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you!
Can advisors work when I am away or go out?
Yes, they can work 24 hours/day for you.
You don't need to monitor the trades if you don't have enough free time.
5 pips a day will monitor the trades, open orders and close positions for you when needed.
Just keep your MetaTrader on to let them make you money!
What is Virtual Private Server (VPS)?
VPS is a special service that can host your trading on a remote server so you no longer need to keep your PC on 24/5 for trading!
We can provide this service and details on how to sign up are included in the instruction manual.
Demo or Real account?
You should always try your expert advisors on Demo account first to check if your broker is compatible with your current expert advisor!
We don't recommend trading on Real account without testing on Demo first!
No! All you need to do is setup 5 pips a day and let it trade on your account to bring you profits!
You will get step-by-step instructions how to setup and run 5 pips a day.
How much money do I need to start trading?
Depending on your broker terms, you can start trading with as little as $50.
Remember that starting out with low trading capital may put you at disadvantage because you will only be able to trade the market
in small share sizes. We recommend that you start with capital of $1,000-5,000 USD or train on a
Demo account till you are satisfied with the performance.
Is it hard to learn and implement your trading system?
No! Most people that purchase the 5 pips a day package start trading within minutes of installing.
We provide detailed instructions and 24/7 support!
Can I adjust parameters of the 5 pips a day advisor?
Of course…You can change stop loss, take profit and other parameters & filters depending specifically on your needs.
All of them are described in the instructions.
What timeframe and currency should I choose?
5 pips a day takes multiple daily entries that work on the EURUSD currency pair m1 chart.
Specific 5 Pips a Day Questions
What is 5 pips a day?
5 pips a day is a fully independent software robot which trades the foreign exchange currency market on autopilot 24 hours a day.
Robots such as 5 pips a day are called "Expert Advisors" or EA's, and are attached to the currency charts in the trading platform
software which is provided by forex brokers. 5 pips a day was created by a combination of experienced trades and talented programmers.
What is the percent of winning trades?
According to history backtests from 2010 until today and live trading results 5 pips a day makes 99.9% winning trades.
You can always perform backtest yourself to check that.
I do not like the "no stop loss idea" in other advisors. How about that in 5 pips a day?
5 pips a day uses a fixed stop loss value so in the unlikely case of a losing trade your losses will be limited.
A great number of additional safe filters and indicators were added to prevent trading in risky conditions.
5 pips a day only trades with the overall trend on all timeframes.
Guarantee and Support
What if I am not happy with the package?
From the moment you purchase 5 pips a day, your investment is protected by our 8-Week, Iron-Clad,
Clickbank Money-Back Guarantee — that's a full 60 days trial!
So if for some reason you decide that the system isn't really for you simply contact us with your detailed trading statement,
and you will be supplied with a prompt and full refund.
Do you provide support?
We provide rapid email support and skype support to our users.
You will find our skype and other contact details in the instruction manual.
Feel free to contact us if you have any questions or problems.
Is 5 pips a day Legal?
5 pips a day is 100% legal! Forex trading IS legal in the United States and other countries.
Brokers may not like us taking their money, but they can't stop us!
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