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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
Member Since Aug 15, 2011
117 posts
Mar 21, 2012 at 15:48
Just had some trades: small loss of 0.8% at first account, nothing on 2 and 3.
Member Since Aug 16, 2010
450 posts
Mar 21, 2012 at 16:05
6 trades in two batches, -10 pips total given that I closed the second batch myself with a script as I saw it coming down more, being a cascading stop liquidation. adding to last Friday's -4.5% losses I am 3% down on the month.. Big slippages both Friday and today.
Was mich nicht umbringt, macht mich stärker.
Member Since Feb 28, 2012
29 posts
Mar 21, 2012 at 16:25
-1.15% in two trades for me
To become old and wise you have to be young and stupid first.
Member Since Aug 15, 2011
117 posts
Mar 21, 2012 at 17:06
(edited Mar 21, 2012 at 17:07)
I had considerably less slippage than last Friday (also on another not published account, where I had 7 trades and was positive overall) and think the spike(s) must have been less volatile today. (I did not watch it, though).
Member Since Feb 28, 2012
29 posts
Mar 23, 2012 at 10:03
(edited Mar 23, 2012 at 10:04)
3 trades and -5 pips for me, I hope a good spike comes soon.
To become old and wise you have to be young and stupid first.
Member Since Aug 16, 2010
450 posts
Mar 23, 2012 at 10:22
two trades, both were in profit on 5+ pips, but pulled back, MDP set SL to break even but slippage over 2 pips turned them into losers. sick and tired.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 15, 2011
117 posts
Mar 23, 2012 at 10:39
Waiting for the next upswing ...
Member Since Aug 12, 2011
40 posts
Mar 23, 2012 at 15:50
jsintl posted:
crashev posted:
MDP is dead. It's over.
I gave up this EA months ago.
Too bad, you missed out on all the profits.............
Every time there is a little drawdown the negative crowd shows up. Never hear from you guys when a profit is made.
Mar 23, 2012 at 16:03
(edited Mar 23, 2012 at 16:04)
Perhaps this is the explanation: successful users stay silenced since their winnings are the others' looses. So I suspect it's better to shut up and keep getting pips. This EA will keep working forever if the algorithm it uses meets the proper built-in condition. There's no such thing as a dead MDP.
Member Since Aug 16, 2010
450 posts
Mar 23, 2012 at 16:10
I patiently wait till crowds will get disappointed and drop out then the brokers won't get DOSed by thousands of MDP orders, liquidity won't be a problem and those who stay will be happy. Otherwise I need to develop an MDP clone but working with a slightly different timing not to be engaged same time as crowds do. I think MDP's worst problem is its success. But Morrisson made his millions already and moved on with FFM which aren't making any money AFAIK for happy buyers.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 12, 2011
40 posts
Mar 23, 2012 at 16:29
mistificator posted:
I patiently wait till crowds will get disappointed and drop out then the brokers won't get DOSed by thousands of MDP orders, liquidity won't be a problem and those who stay will be happy. Otherwise I need to develop an MDP clone but working with a slightly different timing not to be engaged same time as crowds do. I think MDP's worst problem is its success. But Morrisson made his millions already and moved on with FFM which aren't making any money AFAIK for happy buyers.
I suspect that if you change num orders to a higher level it will trade more frequently. I believe that it will change the height of the bollinger band and enter sooner than most everybody. It could also create bigger losses since it is entering earlier in the spike. If this assumption is correct you will have your slightly different timing that you are looking for.
If I am incorrect in my understanding of the num order setting let me know.
Dan
Member Since Aug 16, 2010
450 posts
Mar 23, 2012 at 17:14
Not really, changing order number will change precisely that, order number, i.e. a number of orders opened. It does not open all at once but uses a concept of channels, adding one order each 5 pips of move after the trigger (touching 3 standard deviation bb), so it increases risk in case of bigger moves, but not the point where the order will be in relation to the price, AFAIK it is always precisely in some 3 pips from the price. Version 1.1.6 used 2 pips and IMO it could be more successful in current markets rather than version 1.2 as later is looking for bigger moves that aren't present this year often.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
450 posts
Mar 23, 2012 at 17:16
I think the better trade idea would be to trigger earlier but trail at smaller distance, use much tighter stop loss and look for smaller profits, close out sooner. And most importantly - don't go public with it.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 12, 2011
40 posts
Mar 23, 2012 at 18:11
Thanks for the clarification Misty.
Do you know what the effect of turning off stops?
Do you know what the effect of turning off stops?
Member Since Aug 16, 2010
450 posts
Mar 23, 2012 at 21:13
The effect could be you will lose your account and still owe some if once in a blue moon big spike will come against and your broker will deny closing a trade with a market order.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 03, 2011
40 posts
Mar 23, 2012 at 21:21
(edited Mar 23, 2012 at 21:22)
Monday could be a good day for MDP already ;-)
See http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2012-3-26&c=2
See http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2012-3-26&c=2
