Posts by ForexMentor
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Million Dollar Pips In Trading Systems Feb 06 2012 at 10:39
Super Low spread is key to MDP, wihtout it your robot wont even trade, if your broker has plugins then another reason it will lose a lot. And your latency with the server must be fast or it cant modify entries which is also key, so the robot itself I think is fine, its other outside elements that can make it bad for some. Losing more than winning isnt relevant in the case of MDP, from my experience if the R:R is good with sound Money Management, which MDP has both of, then you can lose quite often and still remain profitable, same with manual trading. Most fail because they fail to grasp how......
Million Dollar Pips In Trading Systems Feb 05 2012 at 08:48
Also I see others that have had high returns on certain months and drops in profits other months, normal trading basically............you can withdraw profits if you like on the profitable weeks/months, its not illegal
Million Dollar Pips In Trading Systems Feb 05 2012 at 08:44
For those that want to copy someone elses successful formula then the guy running MDP 1.1.6 I think has been very generous showing his settings, I wouldnt and wise to keep his broker under wraps. Drawdown at over 19% is a little heavy for me, but at 5% risk your turning the wick up a bit, so to be expected. Its working for him and he has had the enjoyment of withdrawing 8K...well done my friend, nice This is the reality of trading if you have the correct setup, Patience, perservence, hard work and a decent strategy
Million Dollar Pips In Trading Systems Feb 04 2012 at 17:26
Been going since 27th January 2012 Seriously Impressive so far, EA definately nicely written, high profits, super low risk and drawdown, R:R awesome...just hope the broker dosent spot me, trying to stay under the radar....lol.... be nice if MDP achieves the forcasted Monthly %....... SWEET!! Gain:+34.97% Daily: 3.39% Monthly: 152.24% Drawdown: 2.37%
Million Dollar Pips In Trading Systems Feb 04 2012 at 17:19
Friday 3rd February 2012 update............Trading EURUSD only, Default settings with Fifo False 20 Winners 2 losers 23.43% Account Increase [cool] PS: Please make it NFP day everyday !!
Million Dollar Pips In Trading Systems Feb 03 2012 at 07:59
[quote] fughe posted: My secret to success with MDP is due to being too sexy. [lol] [/quote] LOL ..... well its a good a reason as any if seen posted on here !
Million Dollar Pips In Trading Systems Feb 03 2012 at 02:03
Why do you always blame the EA? Sometime you need to think harder and learn about forex and the markets and who has control over what, like your broker for example can influence things. Do you think that its just as easy as plug and play....it should be I agree, but its not, theres money at stake. Some people are clearly having success, so then you have to ask the logical question what are they doing that you are not.....is it.............. EA settings (MDP Recommemd Default) Broker Influence Internet issues connection speed (latency) Using VPS Spread EA response time to order mod......
Million Dollar Pips In Trading Systems Feb 02 2012 at 19:25
Heres my 26 winners an 1 loser for the day.......... 11% up....SWEET !! http://www.myfxbook.com/files/ForexMentor/Todays_Trades.png
Million Dollar Pips In Trading Systems Feb 02 2012 at 11:19
Try and find an ECN with no requotes and no plugins.....plugins can be added by the broker to screw up what makes the robot work initially, so find one that dosent use them. Also a broker that is local and has there live server near you, ie the same country would be a good start, if your working from your own PC or maybe consider a VPS. Me personally I prefer my own set up on own PC and like the control I have because of that.
Million Dollar Pips In Trading Systems Feb 02 2012 at 10:51
Look for a better broker, my account just went up 11% 26 trades all winners
BOE Inflation Letter (27 min)
Flash: QE pullback talk premature for now- DB...(10 min ago)
EURUSD 1.28818 GBPUSD 1.51766
USDJPY 102.676 USDCAD 1.02723
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