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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

Benjamin Nathan
benbakhsh
Nov 24 2011 at 11:21
73 posts
Good point MistiFX. Also consistency and risk analysis are key things to a winning strategy... you can spend months down but then it can pick up... either way how can you know for sure if you have not been consistent... seems with this MDP that ALOT of people here rave about it when its doing well and slate it when it does bad... typical failing trader, use a system then it starts to lose so they change before being consistent... then that new system wins a bit and starts to lose... before they know it they are subconsciously searching for losses. i think a FAIR test of MDP is this (and im going to do exactly this): Set it up with a micro account... and LEAVE it! Ill check it once a month. Then see how the results look after either a) 3 months or b) 100 trades...

I know this thread is on a demo account , but even this has seen huge consistent losses but then it pulls back around and stays in profit... As others have said a strategy without losses - doesnt exist.... if this makes 1-2% a month on real account id be more than happy... its sensible and enough for investers to consider letting you manage their funds.
Benjamin Nathan
benbakhsh
Nov 24 2011 at 11:26
73 posts
Ps going back to my point about risk and consistency it seems MDP manages this very well . So it has to be worth the shot... and if it doesnt work out - well thats the nature of forex somethings dont work and EVERYBODY loses money at some point... just call it a business expense... my first month on my own strategy had evil losses (due to some none consistency) however i STUCK with it and just closed in on those two issues... sure enough my system made almost 18% last month and is at almost 10% this month... it will continue on this course...

It would have been easy to give up on it and try something else but this is what kills most traders...

My point is that moaning about a system because its going through a bad patch isnt healthy - ride it out... if you have a few months with DD then moan about it
Dar Verer (mistificator)
Nov 24 2011 at 11:36
453 posts
If you look into my profile, I've been running MDP since 26th August on one of the accounts, live. I also do some manual trading there and some FGB trades but all lesser volume than MDP, so MDP accounts for 2/3 of profit and losses. And despite very difficult November, it's still up above 60% since start.


   benbakhsh posted:
   Good point MistiFX. Also consistency and risk analysis are key things to a winning strategy... you can spend months down but then it can pick up... either way how can you know for sure if you have not been consistent... seems with this MDP that ALOT of people here rave about it when its doing well and slate it when it does bad... typical failing trader, use a system then it starts to lose so they change before being consistent... then that new system wins a bit and starts to lose... before they know it they are subconsciously searching for losses. i think a FAIR test of MDP is this (and im going to do exactly this): Set it up with a micro account... and LEAVE it! Ill check it once a month. Then see how the results look after either a) 3 months or b) 100 trades...

I know this thread is on a demo account , but even this has seen huge consistent losses but then it pulls back around and stays in profit... As others have said a strategy without losses - doesnt exist.... if this makes 1-2% a month on real account id be more than happy... its sensible and enough for investers to consider letting you manage their funds.
Was mich nicht umbringt, macht mich stärker.
Benjamin Nathan
benbakhsh
Nov 24 2011 at 12:56
73 posts
It looks very nice indeed
lobotomy8
Nov 24 2011 at 13:13
140 posts

   benbakhsh posted:
   It looks very nice indeed


I like these guys here who write wise stories here and know a little about this system. Gaining with microlots with MDP is not a brain surgery, almost everyone makes a profit. Try to be profitable when you trade over 4 lots, do you know a recipe for that ?
Benjamin Nathan
benbakhsh
Nov 24 2011 at 13:30
73 posts
Well I wont judge this EA until its fairly tested on demo and real. People who have stuck with it are the ones who seem to like it so im hopeful about it, and if it doesnt work it doesnt matter because I already have my own profitable system. if this works im aiming to literally leave a micro account open and let nature take its course.
RiffRaff (jannie)
Nov 24 2011 at 13:39
44 posts
Hey Lob...
Here is a solution for you...
at my broker I am able to have as many mt4 trading accounts as I want... where I currently have 2 set up
thus just never have any one account running bigger lots than 1 full lot...
once this happens, break it down into two accounts both running mdp or what ever scalper...
and to mitigate your risk even further, split those accounts across multiple brokers...
Yeah it is extra admin to maintain...



Alec
Nov 24 2011 at 13:46
91 posts

   jannie posted:
   Hey Lob...
Here is a solution for you...
at my broker I am able to have as many mt4 trading accounts as I want... where I currently have 2 set up
thus just never have any one account running bigger lots than 1 full lot...
once this happens, break it down into two accounts both running mdp or what ever scalper...
and to mitigate your risk even further, split those accounts across multiple brokers...
Yeah it is extra admin to maintain...

... And you have to buy several licenses for MDP...
RiffRaff (jannie)
Nov 24 2011 at 13:51
44 posts

   Alec posted:


... And you have to buy several licenses for MDP...

if you are trading 4 lots, then you are making more than $99 a week
I don't see the problem

RiffRaff (jannie)
Nov 24 2011 at 13:52
44 posts
in fact you are probably making $99 per day
Alec
Nov 24 2011 at 14:36
91 posts

   jannie posted:
   in fact you are probably making $99 per day


I see.. 😎
Dar Verer (mistificator)
Nov 24 2011 at 16:19
453 posts
Not that I care, but how do you know it is microlots :)


I like these guys here who write wise stories here and know a little about this system. Gaining with microlots with MDP is not a brain surgery, almost everyone makes a profit. Try to be profitable when you trade over 4 lots, do you know a recipe for that ?
Was mich nicht umbringt, macht mich stärker.
lobotomy8
Nov 24 2011 at 16:22
140 posts
Misti - be sure that other 'recommended' brokers have this problem as well. Pepperstone for example.... surprised ?
Dar Verer (mistificator)
Nov 24 2011 at 16:28
453 posts
Dunno. From what I heard Peppers servers are overloaded and execution is slow for all orders big or small. From what I know it is a very small shop and hardly can be expected to run system powerful and efficient enough to handle an assault from MDP traders execution-wise. Besides, I mentioned before, there are ways to solve this issue if one applies brains for the problem even little. Only valid for those who have ones of course.
Was mich nicht umbringt, macht mich stärker.
kimleow
Nov 25 2011 at 04:08
119 posts
this week is pretty much over with holidays today in the USA doubtful I will see a trade.... I'm down this week, about 10%, however this is offset by my reabtes from refundfx of about 7% so I'm down 3% this week.
DEMO doesn't count - go live or go home - ?a_aid=112256
SSS Group (Lavi)
Nov 25 2011 at 09:47
9 posts
MDP breaks the silence...
3 trades with +17 pips.
😎😎😎
Safe Secured System
rootkit
Nov 25 2011 at 09:51
88 posts
can i know which broker? my pepperstone didn't trade.

   Lavi posted:
   MDP breaks the silence...
3 trades with +17 pips.
😎😎😎
kimleow
Nov 25 2011 at 09:54
119 posts
No trades on any of my broker accounts as well......
DEMO doesn't count - go live or go home - ?a_aid=112256
kimleow
Nov 25 2011 at 09:56
119 posts
trades on the MDP system demo account 1 win 1 loss though..... interesting.
DEMO doesn't count - go live or go home - ?a_aid=112256
crashev
Nov 25 2011 at 09:57
320 posts
I had 1 transaction on 2 brokers, +6 pips and none transactions at 3rd broker.
Better to lose an oportunity than a money
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