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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

JamesLee
Mar 16 2012 at 13:27
56 posts
Hi Sherif Taher,
which version you using? and risk setting you put?

Eddie_Morra
Mar 16 2012 at 13:29
29 posts
MDP 1.2, risk 3. Anyways, would have been a loss today regardless of any settings, only smaller.

IBFX(AU) slippage was fairly high, Avg. Open Slip.: 16, Avg. Close Slip.: 38

To become old and wise you have to be young and stupid first.
pianosso
Mar 16 2012 at 13:31
51 posts

   Eddie_Morra posted:
   Other users in different boards suffered also severe losses, today was a nightmare for them and me 😞


At least one fault I see at IBFX: spread is too high in standard condition, thus much bigger at news time. 2 pips of spread is 80% more than a lot of other brokers - 1.2 pip spread included is... like a perfume. Find another. IBFX is not what they say it is.

JamesLee
Mar 16 2012 at 13:31
56 posts
Strange.. i didnt enter any trade today. My last enter trade was at 13th March. 2 small Win.

willgart
Mar 16 2012 at 13:32
588 posts

   sheriftaher posted:
   i will never use mdp again in my whole life

because you dislike an EA which has not a 100% winning rate?
did you have one in your hands???
which one???

JamesLee
Mar 16 2012 at 13:34
56 posts

   pianosso posted:
   

   Eddie_Morra posted:
   Other users in different boards suffered also severe losses, today was a nightmare for them and me 😞


At least one fault I see at IBFX: spread is too high in standard condition, thus much bigger at news time. 2 pips of spread is 80% more than a lot of other brokers - 1.2 pip spread included is... like a perfume. Find another. IBFX is not what they say it is.

I thought MDP will stop trade if the spread is higher than 2?

Dan (tradinfool)
Mar 16 2012 at 13:40
40 posts
For all those who had large drawdowns go through this thread and look at posts by myself and people like professor 53 etc.

We all have talked about using low leverage, low max sim orders and modest risk etc, etc.

Those that are using 400:1 and max sim 8 along with high risk settings are doomed to failure. Both my accounts had drawdowns today but they are minor due to conservative settings.

If you took a big hit today, don't give up. You will probably made it back.

Dan


JamesLee
Mar 16 2012 at 14:34
56 posts
Hi anyone knows anything about this?
-> 2012.03.16 04:00:09 MillionDollarPipsEURUSD_1.2.0 EURUSD-,M1: WARNING offset overflow:5135 period:1

Fred_Forex
Mar 16 2012 at 15:14
117 posts
I am just getting back to my PC. I am rather speechless on the size of the loss in my IBFX account of almost 21 %, compared to the other accounts of around 2-8 %. I have to investigate this. But nevertheless, that's how MDP is trading. It just wasn't the right spike today for MDP.

-Offset overflow-warning: This seems to be happening if the respective chart is missing some bars. MDP will trade again after some time. Just wait.
Fred

Eddie_Morra
Mar 16 2012 at 15:37
29 posts
Maybe the losses at IBFX were bigger due to the high slippage? Otherwise I see no error, every single trades loss was below the maximal risk.
The only thing I don't really understand is why MDP opened so many trades. I have additional channels but in the past it opened like 3-4 trades in a row and not nearly 20 (!).

I changed 'use_stop_orders' and 'hard_stop_trailing' to 'false' because of the high slippage, I hope that will help in the future.

To become old and wise you have to be young and stupid first.
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