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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

cusber
Jan 18 2012 at 13:11
46 posts

   jannie posted:
   

   mcymcy posted:
Pls share your accounts in here. It's easy to talk with no share!

I dont have to share nothing... enough people here have seen my accounts grow over the last 4 months,
but I have removed them for personal reasons.

But in good faith I am going to share one of these account... Acc 1 of todays trades...

Select custom analysis and select date rage for TODAY only, cause I use this account for mixed trading and testing stratagies...

you can check the comments to see which are MDP...

 

Nice curve!! :) if you turn your head upside down it blows the sky!!!....don't worry, we almost all have been here :) thank you for sharing
Dar Verer (mistificator)
Jan 18 2012 at 13:19
453 posts
Iamfx does not look good too..


https://www.forexpeacearmy.com/public/review/www.iamfx.com
Was mich nicht umbringt, macht mich stärker.
smithfx1
Jan 18 2012 at 13:25
37 posts

   mistificator posted:
   Iamfx does not look good too..


https://www.forexpeacearmy.com/public/review/www.iamfx.com

Yes, Iamfx playing dirty tricks and try to scam you. And the spreads are not really tight.

And unifx is not a white label of acm, i think the webmaster of FPA made a mistake. But i see there are not many reviews but thats a good sign, most reviews are when peoples having problems like at the iamfx review...
Dar Verer (mistificator)
Jan 18 2012 at 13:38
453 posts
Do you know their FSC BVI license number? Just trying to make sure money are safe with them. I found they are self-regulated with ARIF but a proper regulation would be great.
Was mich nicht umbringt, macht mich stärker.
smithfx1
Jan 18 2012 at 14:33
37 posts
No, sorry i don't know they'r number. Maybe they just applying? dont know...

But im a fx trader since 4 years and i have accounts with many regulated brokers, but the most of them are Market Makers.. And one time i had trouble with a broker and i contacted the regulation, but when the money is away you can do nothing. A regulation helps you nothing. Only in the USA the clients have CFTC and they sue all brokers who accept US clients.

Anyway FX should be better regulated as today, because there are many bucket shops out there!
Dar Verer (mistificator)
Jan 18 2012 at 15:18
453 posts
...
Was mich nicht umbringt, macht mich stärker.
Dar Verer (mistificator)
Jan 18 2012 at 15:23
453 posts

   smithfx1 posted:
   No, sorry i don't know they'r number. Maybe they just applying? dont know...

But im a fx trader since 4 years and i have accounts with many regulated brokers, but the most of them are Market Makers.. And one time i had trouble with a broker and i contacted the regulation, but when the money is away you can do nothing. A regulation helps you nothing. Only in the USA the clients have CFTC and they sue all brokers who accept US clients.

Anyway FX should be better regulated as today, because there are many bucket shops out there!

Actually I had troubles with different brokers and in most acute cases a strong letter with a reference to go to their regulating authority with the Ombudsman did the trick and they refunded me (there were some very dubious trades/freezes).
Was mich nicht umbringt, macht mich stärker.
Gillinjahrel
Jan 18 2012 at 15:54
25 posts
-104 Pips today. Horrible day. I hope we don't get more bad trades like these
crashev
Jan 18 2012 at 16:42
320 posts
I got -121 pips, but mostly because I set use_stop_orders = false, I just wanted to give it a test and that was a nightmare.
Will never do that again.
Better to lose an oportunity than a money
FH1FOREX
Jan 18 2012 at 17:14
18 posts
The name of this game is SURVIVAL. We have to survive to fight another day and the only way to do that is by keeping the number of trades and the size of the trades below proportional to the account size.

People who try to become wealthy within one year and push the EAs to the limit will find big gains, true, but also a few huge losses that can wipe out their accounts or will reduce their accounts to insignificant values.

It is better to go slowly and build your account over a few years, that way you will catch the overall positive of the EA.

Just a few words of wisdom from an old man.

Greetings.
Dar Verer (mistificator)
Jan 18 2012 at 17:23
453 posts
I second that
Was mich nicht umbringt, macht mich stärker.
jsintl
Jan 18 2012 at 17:36
155 posts
I qut using this EA as I have no good broker to use
Gillinjahrel
Jan 18 2012 at 18:39
25 posts

   FH1FOREX posted:
   The name of this game is SURVIVAL. We have to survive to fight another day and the only way to do that is by keeping the number of trades and the size of the trades below proportional to the account size.

People who try to become wealthy within one year and push the EAs to the limit will find big gains, true, but also a few huge losses that can wipe out their accounts or will reduce their accounts to insignificant values.

It is better to go slowly and build your account over a few years, that way you will catch the overall positive of the EA.

Just a few words of wisdom from an old man.

Greetings.

I'm sorry sir but unless the vendor continues to update it for the next few years, No one is going to put trust in an outdated EA that's already not trading as much or preforming as well as last year.
FH1FOREX
Jan 18 2012 at 19:02
18 posts

   Gillinjahrel posted:
   

   FH1FOREX posted:
   The name of this game is SURVIVAL. We have to survive to fight another day and the only way to do that is by keeping the number of trades and the size of the trades below proportional to the account size.

People who try to become wealthy within one year and push the EAs to the limit will find big gains, true, but also a few huge losses that can wipe out their accounts or will reduce their accounts to insignificant values.

It is better to go slowly and build your account over a few years, that way you will catch the overall positive of the EA.

Just a few words of wisdom from an old man.

Greetings.

I'm sorry sir but unless the vendor continues to update it for the next few years, No one is going to put trust in an outdated EA that's already not trading as much or preforming as well as last year.

Yes, EAs have to be updated, but we still have not seen any of the drawdowns that the backtests show and did not care about because we were looking at the 2, 4, or 10 year equity curve with an upward move. Still, I would also like this EA to remain updated.
Professor53
Jan 18 2012 at 20:20
795 posts
Out of 20 members, only 5 had profits today. 2 were version 1.1.6 and 3 were version 2.0

Im looking for winning trends.... also comparing servers on our broker.

Garry
Click on my Name to see My Live Charts and Bio.
Dar Verer (mistificator)
Jan 18 2012 at 20:22
453 posts
I would say it was just random result on the overloaded broker's server - orders that came first in went first out.
Was mich nicht umbringt, macht mich stärker.
Dan (tradinfool)
Jan 18 2012 at 20:40
40 posts

   Professor53 posted:
    Out of 20 members, only 5 had profits today. 2 were version 1.1.6 and 3 were version 2.0

Im looking for winning trends.... also comparing servers on our broker.

Garry

I had small profits today on both my accounts. January is starting out slow. What is hard to do is keep things in perspective. If you earn 10% or more on your investments you are doing fantastic. The bank pays less than 2% a year. Stocks went nowhere over the last 10 years.

I don't understand why folks are complaining about the ea not being updated. For many of us it is working just fine. What has been working for me is low leverage, low risk and max sim 1 or 2. The key is not to catch a bad spike and see the account drop 25-50% in one day. Remember if you go down 50% you need to go up 100%. Not too easy to do. On the other hand if your losses are only 1 - 5% you can take a lot of consecutive losses and come back when the market is more favorable.

This is almost 50 years of trading experience talking.

'Bulls make money, bears make money but pigs make nothing'
Dar Verer (mistificator)
Jan 18 2012 at 20:55
453 posts
Dan is right. But most people trade very small accounts, so they have no interest to grow 5-10% a month. They want 100% or more since they have very little money on stake. If they lose it all, ok, they put aside from their salary and start again. If trade 100k account and get that destroyed... different story. But then 5% a month on average is awesome.
Was mich nicht umbringt, macht mich stärker.
FH1FOREX
Jan 19 2012 at 07:20
18 posts
5% a month on average and steadily year after year is an excellent achievement.
RiffRaff (jannie)
Jan 19 2012 at 07:59
44 posts
Oh YEah...

When running MDP, turn off Diagnosis, Debug etc
and turn silent on

all these things have small timing impacts...

just a thought
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