Million Dollar Pips Discussion

MDP is a total disaster, folks. Trust me. Take you money and run while you can!

Yes! It's total madness to even think about thinking about attempting to think about attempting to try testing MDP! Just think about it! 😁

MDP in undemocratic!

Million Dubious Pips

I can't understand what you discuss here. MDP is an EA. It was written for some market conditions. I have been using EA's about 5-6 years. To date i never seen an EA that always gain. For example look at FGB: It had too many problems in August but then look it's situation now... some times a paid thousands for an EA. But i have not seen an EA that always win...

So do not be so unmerciful...

Oh woe to all ye who try to use MDP other than me! MDP will do nothing but wipe out your bank accounts (mine not included)! You should probably give up hope now while you still can afford to! MDP will only lose money (unless you're me)! Run Away! Run Away! Those who remain shall suffer the dreaded Beast of Caer Bannog!!




All who do not possess the Holy Hand Grenade of Antioch shall perish!!!

MDP is UNHOLY

i use mdp in thinkforex

and i think it doesn't work with this broker anymore

I have 20% of requote

and my execution time is 400-600ms

and I loss 11% in Jan

very bad result for me

maybe I have to change broker

do you have good one ?

BTW the Other EA Fast Forex Million, have a look this wonderfull results: https://www.myfxbook.com/members/ghi001/fastforexdemo/229196 . 2 week's left to get my money back :)

It should be called ForexTorpedo... you get hit and then take a nose dive hitting the sea floor sooner than later.

Here is something I noticed this evening, when starting trading in a NEW account.

The commission estimated by MDP was wrong, and it was not the first time I noticed it (you see it displayed on the chart; check if it matches what you know about your broker). If the estimated value is too high, that can lead to MDP not placing trades at all (if the spread + estimated commission would be above 2.0 pips; in my case the estimated commission was 1.3 pips, leaving almost no room for spread).

The workaround is simple: place a trade for each of the pairs you want to trade with MDP; once you close the trades, MDP will adjust the commission to the value it finds in account's history. Note1: if your broker uses balance updates to post commissions, you'll probably get 0 for the detected commission; make sure you are ok with that (MDP will trade even when spreads are higher than intended). Note2: it looks like if you have an active order MDP will not use the one I just closed to compute the commission; only after closing the second order (on the same pair) the commission was properly calculated.

Happy trading!

   NextLevelForex posted:
   Here is something I noticed this evening, when starting trading in a NEW account.

The commission estimated by MDP was wrong, and it was not the first time I noticed it (you see it displayed on the chart; check if it matches what you know about your broker). If the estimated value is too high, that can lead to MDP not placing trades at all (if the spread + estimated commission would be above 2.0 pips; in my case the estimated commission was 1.3 pips, leaving almost no room for spread).

The workaround is simple: place a trade for each of the pairs you want to trade with MDP; once you close the trades, MDP will adjust the commission to the value it finds in account's history. Note1: if your broker uses balance updates to post commissions, you'll probably get 0 for the detected commission; make sure you are ok with that (MDP will trade even when spreads are higher than intended). Note2: it looks like if you have an active order MDP will not use the one I just closed to compute the commission; only after closing the second order (on the same pair) the commission was properly calculated.

Happy trading!

It happends.
The competition is high and brokers change/usually lower theri comissions so it has to be updated at some point in time.

Actually I had also such situtation today, my broker lowered comission, however even opening two positions did not change it so far

What if you go to Account History and select a custom period that contains only the lower-commission trades?

That also does not work, even tryed a reset script and reloading MDP on the chart

In this case I would ask customer support. I contacted them in the past, and although the replies came often with delays, I think they replied to all of my messages.

More losses, getting close to giving up on this EA.

It only works in ranging markets like August last year. If there is a trend forget it.

Wow. -115.80 pips today. Went down -14% today. -31% since this year started. Soooo, I'm Turning this sh*t off. Don't know when I'lll run it again but right now it's not doing shi*t for me but losing money.

Look for a better broker, my account just went up 11%

26 trades all winners