Million Dollar Pips (By milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Trades | 4497 |
| Won: |
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| Lost: |
|
| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Million Dollar Pips Discussion
forex_trader_46166
Member Since Aug 30, 2011
73 posts
Nov 22, 2011 at 22:43
fughe posted:
benbakhsh posted:
None here also but im not passing any judgment until its taken 50 trades on demo and 50 on Micro (real). I think thats a fair test. Theres many people in this chat that are trying it on real and are doing well in the long term.
i don't like being the bearer of bad news, but you need to be aware of this. The performance in a demo account will not reflect the performance in a real account. One of the biggest factors that affects the performance of MDP is slippage, and demo accounts do not have slippage. With MDP, slippage will cause winning trades to become losing trades regularly. All I am saying is, please keep this in mind when analyzing you results in the demo account.
Hehe I know this - I know first had the difference between real and demo. I'm trading a live account on my original system.
Appreciate the advise though :)
forex_trader_46166
Member Since Aug 30, 2011
73 posts
Nov 22, 2011 at 22:44
Ps happy trading :)
Nov 22, 2011 at 22:45
benbakhsh posted:
Hehe I know this - I know first had the difference between real and demo. I'm trading a live account on my original system.
Appreciate the advise though :)
No problem! I figured you probably did, but I wanted to make sure you were thinking about it. 😁
Make losses, but always come out a winner at the end.
Member Since Aug 12, 2011
40 posts
Nov 23, 2011 at 00:06
Check out this post. This is a well thought out explanation of what settings to use:
https://forums.babypips.com/expert-advisors-automated-trading/41199-million-dollar-pips-no-trades.html#post289666
Good luck!
https://forums.babypips.com/expert-advisors-automated-trading/41199-million-dollar-pips-no-trades.html#post289666
Good luck!
Nov 23, 2011 at 01:26
kirbi posted:
Guys. what do you think about following:
It seems to be better to set up MDP to trade more often.
the reason: not so volatile spikes brings less profit but much less risks.
The problem is that the market is less volatile. It enters the trades much easier, and turns against them much easier.
Make losses, but always come out a winner at the end.
Member Since Nov 12, 2009
19 posts
Nov 23, 2011 at 10:20
another bloodbath! 😭
Nov 23, 2011 at 10:38
No, MDP is not over. It is a bad trade day. No matter how good a system is, there will be bad trade days.
That said.....I managed to squeeze out 0.13% from that nasty mess.
I am running 2 accounts with MDP. One lost about 5%, and the other gained 0.13%. Same broker, same VPS, same settings.
You just gotta ride it out.
That said.....I managed to squeeze out 0.13% from that nasty mess.
I am running 2 accounts with MDP. One lost about 5%, and the other gained 0.13%. Same broker, same VPS, same settings.
You just gotta ride it out.
Make losses, but always come out a winner at the end.
