SharePosts by ForexMentor
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[quote]
pipattackmaster posted:
I'd bet the only reason for bringing out Forex Fast Millions is that sales of MDP have declined.
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Yeah and at $247 per copy if you sell a 1000 copies, quite a nice income also !!
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Thanks Dan
If you lost today it might be a broker issue, xtreme scalping robots like this one are dependant on low spread and with zero broker interference, ie a true ECN as opposed to a fake ECN, put it this way if I was a broker Id interfere under the radar as much as possible to maximise porfits from clients, as most do ! However there are some ECN's that are honest...lol, yes true !! but you have to find them and then keep them to yourself :) What Tier level is your broker ? ie whats his pecking order in the market ??
Does your borker use plugins and do they requote, both are pretty much......
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[quote]
Gillinjahrel posted:
More losses. -14% total this month.
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Hi
Just out of interest...did you lose today?
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http://www.myfxbook.com/files/ForexMentor/MDP_Data.png
If anyone interested in the Data, here it is after the trades
[smiley]
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MDP Default Settings
Today one batch of trades on EURUSD (I only have EURUSD, purchased yesterday)
Testing on True ECN Broker that has no Requotes or Plugins
In total 6 Trades = 13.1 pips
4 Winners, 2 Losers, Although the losers by the look of it I think were trades trying to close at Breakeven and experienced a tiny amount of slippage
Account Growth 0.57%
SWEET!!
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Ok so I purchased MDP and will try it on my new ECN.
However I set it up about 9 hours ago and as yet nothing?
Anyone else trading MDP that has had orders opening today on EURUSD
Many thanks
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[quote]
silver06 posted:
ForexMentor, you're talking about 0.6 for GBPUSD, 0.30 for EURUSD, but you should also state clearly that these spreads are obtained with commissions (about 3.5$ per lot). If you addition commissions with initial spreads you are far from having really these ones.
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Yes your correct there are comsissions to pay, its on a sliding scale depending on account size and starts at $2.95 per lot, but for example EURUSD is often at 0.30 spread ot lower, currently live its running at about 0.50.
But I guess the point when trading a robot is this, you want a low spr......
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oh one other thing, those back tests, did you do those on here ? I assume you did, but cant seem to find where the strategy tester is .....
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Good to hear a positive story about robot trading, do you use any other commercial robots apart from MDP ?
Sounds like you have MDP sorted, I might invest myself now I hear it can be made to work.
I guess they have a ton of upsells? what version are you using if you dont mind me asking.
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Misty
Yes I agree everyone wants to be minted by next week, after shellling out only $99 for a robot...lol !!
So are you saying then that with conservative Money management using MDP it works? do you run it live yourself?
I have made my own robots and during the right conditions set up agreesively can double a live account in a week, but then on other occasions blow your account. But we are in a risk business and sometimes you have to take risks, but managed properly its possible to run accounts, withdraw profits and accept the odd melt down and still remain profitable.
I found the alterna......
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