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Million Dollar Pips EURUSD (by milliondpips)

The user has deleted this system.
forexjatin
Sep 23 2011 at 10:39
5 posts
hi friend , i really need some help, i am using MDP 1.2 on a pepperstone live account 300$ deposit and i am hardly able to survive initially i was usinng default setting , then i changed my risk to 1 , Additional channels to 8 , can you help me with the best settings . i would really a great help for me .



Thank's

monkeyman151
Sep 25 2011 at 20:47
4 posts
What broker are you using? MDP aims to get many small (low pip) trades. You need a broker with a good EURUSD spread. ThinkForex is recommended, they also offer a free VPS. I am about to start a demo account using MDP on ThinkForex, I will let you know how it goes.

Also don't forget to use Fundamental analysis as well as your EA.

Antny (fughe)
Sep 25 2011 at 22:45
724 posts
There is no magic setup with MDP. This EA has shown to be the most difficult EA to setup and run profitably of any EA that has traded profitably ever. pepperstone is pretty much the absolute best broker to trade with of the recommended brokers. Most likely, you will not experience anything better than what you have been experiencing. Your only real option left is to use the group trades option and try for one good trade instead of several trades, which increases the difficultly of trading profitably exponentially.

Sorry for the lack of good news on this EA. The reason for the problems with it is---

#1 too many traders using the same system, and the system is a reversal scalper. The liquidity pool is dried up super quickly so the slippage continues to get worse and worse.
#2 trading on an MM style broker is no good. They make money when their clients lose money. If you are continuously successful, most likely you will have your account cancelled by the broker.

Whatever track record you have shown with MDP is likely going to continue, and even more likely, the performance will decrease as more and more people try to trade MDP. Good luck. You will need it.

Make losses, but always come out a winner at the end.
Professor53
Sep 28 2011 at 07:36
795 posts
You need a good setup with a fast vps that matches your broker to give you a bit of an edge in this type of trading.

Click on my Name to see My Live Charts and Bio.
jsantos3
Nov 25 2011 at 18:53
272 posts
Good -- on demo only. Has nothing to do with fast vps. Maybe it could work better if removed trailing stop and see which hits first target or stop.

mfouad2011
Dec 25 2011 at 12:42
1 posts
Dears ,

Please MDP have good Result on Many Reviews , SHOULD i Pay It ?
whats Your Recommendation , am Using Hot forex ECN broker .

Thanks

apprenticetrader
Jan 22 2012 at 21:10
2 posts
I have had this EA running on my live acc for about a week now and so far 5 trades with 4huge gains of 100+ pips and 1 small loss of around 10.There are many more reviews about this EA on Donnaforex.com,check it out and you will find this a very good community for forex traders.

jsantos3
Jan 23 2012 at 01:28
272 posts
apprenticetrader, Really? Can you show your account link uploaded to myfxbook?

HJUNAID
Mar 11 2012 at 12:12
2 posts
in my opinion for scalping trailing should not be used. i havent used that rather so many others but no use waste of money & Time.
look for long term strategies they might make some profit. and short stop loss are the killer for any strategy.

KingsKid
Mar 26 2012 at 07:29
2 posts
So do you think this is worth spending the money on or not? I use Interbank FX.

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