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Million Dollar Pips (By milliondpips)

Gain : +26241.17%
Drawdown 39.44%
Pips: 5202.2
Trades 4497
Won:
Lost:
Type: Demo
Leverage: 1:200
Trading: Automated

Million Dollar Pips Discussion

May 20, 2011 at 02:45
212,770 Views
3,872 Replies
Member Since Jun 16, 2011   6 posts
Jul 20, 2011 at 20:49
I just open live account, lets hope that it will be profitable 😐
Member Since Jan 27, 2011   18 posts
Jul 20, 2011 at 22:52
Hi all, update; friday I downloaded the 1.1.6 version and changed my settings a little; NumOrders 2 ADDchannels 8 and max trade 8. Still the same with the rest ( no fifo, max and min orders 0.01, etc). A losing serie, at least is trading. I will keep updating.



1242536 2011.07.20 22:30 sell 0.01 eurusd 1.42376 1.42472 1.42415 2011.07.20 22:30 1.42400 0.00 0.00 0.00 -0.24
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242496 2011.07.20 22:29 sell 0.01 eurusd 1.42399 1.42470 1.42276 2011.07.20 22:30 1.42474 0.00 0.00 0.00 -0.75
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242425 2011.07.20 22:28 sell 0.01 eurusd 1.42420 1.42475 1.42261 2011.07.20 22:30 1.42481 0.00 0.00 0.00 -0.61
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242306 2011.07.20 22:28 sell 0.01 eurusd 1.42428 1.42475 1.42261 2011.07.20 22:30 1.42481 0.00 0.00 0.00 -0.53
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242575 2011.07.20 22:29 sell 0.01 eurusd 1.42401 1.42470 1.42276 2011.07.20 22:30 1.42481 0.00 0.00 0.00 -0.80
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242584 2011.07.20 22:29 sell 0.01 eurusd 1.42401 1.42470 1.42276 2011.07.20 22:30 1.42481 0.00 0.00 0.00 -0.80
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242605 2011.07.20 22:30 sell 0.01 eurusd 1.42376 1.42486 1.42301 2011.07.20 22:33 1.42411 0.00 0.00 0.00 -0.35
  1122261 MDP_EURUSD_1.1.6 L 0.02
1242609 2011.07.20 22:30 sell 0.01 eurusd 1.42376 1.42486 1.42301 2011.07.20 22:33 1.42411 0.00 0.00 0.00 -0.35
  1122261 MDP_EURUSD_1.1.6 L 0.02
Member Since Jan 27, 2011   18 posts
Jul 21, 2011 at 19:35
Hi, 2 more 'series of trades ':

1251128 2011.07.21 12:20 sell 0.01 eurusd 1.42446 1.42616 1.42254 2011.07.21 12:20 1.42619 0.00 0.00 0.00 -1.73
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251127 2011.07.21 12:20 sell 0.01 eurusd 1.42446 1.42616 1.42254 2011.07.21 12:20 1.42619 0.00 0.00 0.00 -1.73
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251124 2011.07.21 12:19 sell 0.01 eurusd 1.42457 1.42637 1.42239 2011.07.21 12:20 1.42648 0.00 0.00 0.00 -1.91
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251126 2011.07.21 12:19 sell 0.01 eurusd 1.42457 1.42637 1.42239 2011.07.21 12:20 1.42648 0.00 0.00 0.00 -1.91
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251147 2011.07.21 12:20 sell 0.01 eurusd 1.42525 1.42643 1.42094 2011.07.21 12:20 1.42648 0.00 0.00 0.00 -1.23
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251125 2011.07.21 12:19 sell 0.01 eurusd 1.42457 1.42693 1.42183 2011.07.21 12:21 1.42693 0.00 0.00 0.00 -2.36
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251159 2011.07.21 12:22 sell 0.01 eurusd 1.42561 1.43014 1.41967 2011.07.21 12:23 1.42562 0.00 0.00 0.00 -0.01
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251151 2011.07.21 12:22 sell 0.01 eurusd 1.42561 1.42644 1.41992 2011.07.21 12:23 1.42557 0.00 0.00 0.00 0.04
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251649 2011.07.21 12:31 sell 0.01 eurusd 1.42789 1.42875 1.42688 2011.07.21 12:31 1.42878 0.00 0.00 0.00 -0.89
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251646 2011.07.21 12:31 sell 0.01 eurusd 1.42789 1.42875 1.42688 2011.07.21 12:31 1.42878 0.00 0.00 0.00 -0.89
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251661 2011.07.21 12:31 sell 0.01 eurusd 1.42808 1.42945 1.42688 2011.07.21 12:31 1.42945 0.00 0.00 0.00 -1.37
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251664 2011.07.21 12:31 sell 0.01 eurusd 1.42808 1.42945 1.42688 2011.07.21 12:31 1.42945 0.00 0.00 0.00 -1.37
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251915 2011.07.21 12:32 sell 0.01 eurusd 1.42897 1.42853 1.42688 2011.07.21 12:34 1.42854 0.00 0.00 0.00 0.43
  1122261 MDP_EURUSD_1.1.6 L 0.02
1251917 2011.07.21 12:32 sell 0.01 eurusd 1.42897 1.42853 1.42688 2011.07.21 12:34 1.42854 0.00 0.00 0.00 0.43
  1122261 MDP_EURUSD_1.1.6 L 0.02
1256129 2011.07.21 18:59 sell 0.01 eurusd 1.44129 1.44121 1.43995 2011.07.21 19:02 1.44067 0.00 0.00 0.00 0.62
  1122261 MDP_EURUSD_1.1.6 L 0.02
1256134 2011.07.21 18:59 sell 0.01 eurusd 1.44129 1.44121 1.43995 2011.07.21 19:02 1.44060 0.00 0.00 0.00 0.69
  1122261 MDP_EURUSD_1.1.6 L 0.02
Member Since Sep 07, 2010   5 posts
Jul 21, 2011 at 23:11
Danielnwa posted:
    < You need to trade on a broker with LOW spreads, preferably a ECN broker (not Alpari...). You need a broker with GREAT execution (again, not Alpari=). And you need to make sure that the latency from your Meta Trader platform to your broker's servers is very low.
real account Alpari NDD spread is very low - 1 pip, execution is quick BUT the results from last 2 days are the same like above statement - more losses than wins 😞
Member Since Dec 15, 2010   795 posts
Jul 22, 2011 at 00:50
This robot is working well for me since version 1.1.6... Using on USA broker with fifo turned on. Trades are super fast and you must use a vps server. a fast home connect and fast pc will not result in many profits. Gotta have a dedicated vps line and a good fast broker with low spreads. Aloha Garry
Click on my Name to see My Live Charts and Bio.
Member Since Jan 05, 2011   128 posts
Jul 22, 2011 at 04:25

Professor53 posted:
    This robot is working well for me since version 1.1.6... Using on USA broker with fifo turned on. Trades are super fast and you must use a vps server. a fast home connect and fast pc will not result in many profits. Gotta have a dedicated vps line and a good fast broker with low spreads. Aloha Garry

Professor, which US broker do you use that works well with this version ? Do they have a stop level spread ?
Live Freely
Member Since Dec 15, 2010   795 posts
Jul 24, 2011 at 01:49 (edited Jul 24, 2011 at 01:54)
Im going to set up a 2nd account and this time with $100 with Hotforex and see how well it trades live on my vps. 😎Wish me luck and fortune!!! Finfx so far is the best broker for this MDP version 1.1.6. Im hoping Hotfx does well also because its so much easyer to move money into your account once its setup( for us in the usa). Im also thinking of adding (buying) the usd/jpy mdp version to it also, for live forward testing. Aloha
Click on my Name to see My Live Charts and Bio.
Member Since Jun 26, 2011   90 posts
Jul 24, 2011 at 03:19

videoman555 posted:
    
Danielnwa posted:
    < You need to trade on a broker with LOW spreads, preferably a ECN broker (not Alpari...). You need a broker with GREAT execution (again, not Alpari=). And you need to make sure that the latency from your Meta Trader platform to your broker's servers is very low.
real account Alpari NDD spread is very low - 1 pip, execution is quick BUT the results from last 2 days are the same like above statement - more losses than wins 😞

To get access to Alpari's low spreads(the same as you get on their demo accounts) one has to fund their account with at least 20,000 USD. I'm just assuming(and hoping) no one is going to trade MDP on a real account with 20,000 USD + =)
Don't work hard, work smart.
Member Since Jan 26, 2010   27 posts
Jul 26, 2011 at 09:00
Hi,
I bought this EA 1 month ago. I didnt used it, because the critical comments in this forum where very strong. Now. I've used it first on Think Forex demo account. Everything went well. Since Friday, it runs with 1% risk on real account with 1:100 leverage and worked very well on EURUSD, so I've decided to purchase the USDJPY version. Tonight, both versions have achieved remarkable gains. I can confirm there is no arbitages, but the length of trade is only between a few seconds and 3 minutes.
Member Since Jun 15, 2011   270 posts
Jul 26, 2011 at 10:19
Why is it working on a demo account?
Member Since Apr 28, 2011   47 posts
Jul 27, 2011 at 17:48
Guts, does anyone has an investor access for that account?!
Member Since Jun 15, 2011   270 posts
Jul 27, 2011 at 18:20
Has anybody use MDP on a real account?
Member Since Jul 24, 2011   150 posts
Jul 27, 2011 at 18:45

DMFXTrader posted:
    I bought this ea a few weeks ago now and it has consistently made profit, but you do need to have the right broker. The vendor does have a live account with this ea running on it but he has explained to his members that he wanted to run it for a few weeks before posting it so that he can build up some history.

Is MB Trading good enough. I am planning to try this bot. Can you limit the lot size?
Member Since Jun 15, 2011   270 posts
Jul 27, 2011 at 21:52
Can anybody give an investor pass for a real account? Is there anybody try MDP in real? For these kind of EA's real account orders ara important. Demo is not important.
Member Since Dec 15, 2010   795 posts
Jul 27, 2011 at 21:53
Im using MDP on a live IBFX acccount. Its doing well. 10% increase ini 7 days/
mcymcy posted:
    Has anybody use MDP on a real account?
Click on my Name to see My Live Charts and Bio.
Member Since Dec 15, 2010   795 posts
Jul 27, 2011 at 22:03 (edited Jul 27, 2011 at 22:09)
The MDP web page shows a live forward test with live graph. That should be the same as a investor password. Im live on ibfx with a vps and its doing great at 1.5% risk. Dont go higher than that or you might not do so well. Home pc's and high speed cable has too much lag to trade a scalper system like this. Its night and day comparing home pc to a remote server. Im up 10% in the last 7 days on a small $350 account. I cant get it to run on my hotforex or forex dot com accounts. Perhaps they dont have the most recent MT$ build. IBFX is doing well. MDP is trading well even with the USA restrictions at 50:1 and fifo turned on. ( first in, first out). Thinkfx and Finfx trade more often( on a VPS), but the profits seem to be near or the same as my usa ibfx account. Thinkfx dont take USA clients. The SL is small at 8 pips. Draw down is maxed at 1.5 or similar per trade, depends on watch you chose to set it at. dont push the risk level as you can hit several losses in a row. My max has been about 3 losses in a row for 3 times,@ 1.5 is, 4.5 for a drawdown. Then you normally would have several profits higher than the loss. ON a weeks average I have always come out a head.

Garry

mcymcy posted:
    Can anybody give an investor pass for a real account? Is there anybody try MDP in real? For these kind of EA's real account orders ara important. Demo is not important.
Click on my Name to see My Live Charts and Bio.
Member Since Nov 12, 2009   272 posts
Jul 27, 2011 at 22:38
So much cheap talk from people who claim to be using this on live account, but no proof. Upload your live account or shut up about the glories of this wonderful ea. How about calling a demo 'live forward test'? There is no such a thing. Live = real money. The rest is dust in the wind.
Member Since Dec 15, 2010   795 posts
Jul 28, 2011 at 03:31
Ok, Ill call your bluff. this is a good EA. I have a current small live account. How do you get a investor password on a live current account? I didnt mess with writting down anything but my own access code when I started it..

Garry
Click on my Name to see My Live Charts and Bio.
Member Since Sep 07, 2010   5 posts
Jul 28, 2011 at 09:51
how it can be a good ea if I have more losses for last week than wins?! besides no single deal on real account for last 2 days 🙃😡
Member Since Jul 24, 2011   150 posts
Jul 28, 2011 at 09:54
I just got answer from the support of Million Dollar Pips on my question:
Hi Michael,

Our recommended brokers are

https://www.finfx.fi/index.php?page=trading-accounts&lang=eng

https://www.thinkforex.com

VPS https://www.vpsland.com

Yes, the spread must be very low that is below 2.

Our bot is broker dependent please use recommended broker.


Dear Mr. Morrison,

I am interested in your product Million Dollar Pips. In the many
blog /fora tweets I hear controversial facts and results. Therefore, the
only most reliable source to ask I the maker of the product himself.

Currently one of my brokers is MB Trading (use several others too).
Things I heard on the reviews on the fora was the broker must have tight
spread en fast execution speed. Also I heard that a VPS was necessary.

In summary: What broker do you recommend? Is MB Trading the right broker
I can use with this bot?

Please keep me informed about any news, updates.

Regards and thanks in advance,
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