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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

fxtyrant
Aug 25 2012 at 14:59
71 posts
crashev posted:
Rotfl, experienced trader said 'Max slippage in 1minute chart is 1 pip...' Don't make me laugh kiddie, go back to Your society playings and don't bother us here again with Your funny statements how big fish You are.

On my broker, under normal market conditions the max slippage recorded is 1 pip and averaging about 0.6 pip.
Now when news releases comes up, MDP shuts down to prevent unwanted orders to be filled beyond a price level that would render the bot useless....
what i realize is MDP makes most of its trades during quiet market conditions in Asia and its perfect trading that way...
 why?? welll on news release EURUSD can have a slippage as high as 30+ pips, and a bot with SL of say 5 pips like MDP just wont work, thats why MDP is temporarily inactive when volatility is high.

Besides, too early to say that the bot is a failure... im still up 5% since inception.... but im only testing it with 1k sooo 1058.xx usd aint too bad for a week...

Fred_Forex
Sep 12 2012 at 09:51
117 posts
Anybody else still trading MDP?
Had a nice profit today for 82 pips (4 trades). But for months MDP has been more or less break-even and I am only trading with one account still and mainly for the rebates (on IBFX).
Cheers
Fred

fxtyrant
Sep 12 2012 at 12:13
71 posts
Yep i am still trading MDP, also had profit but i had 4 trades x2 that won.... Reason why for month MDP has been more or less break-even is because Market did not have any direction during summer trading periods....
seeing as EURUSD, GBPUSD are acting like its got a direction to trade finally.... MDP can do some damage, i'd say its worth the risk of putting 1k usd to trade this bot,

SAJ1011
Sep 12 2012 at 16:53
9 posts
Hi, new here. I bought this EA as an experiment to see what all the fuss is about. I am sceptical, however am prepared to finally give it a go...

Although, seems like nobody is live on Thinkforex, like the main demo account is on. I scanned many pages under the OP, but saw nothing advising against putting MDP on thinkforex - unless I missed something.

So, what are people's experiences with Thinkforex?

Any other broker recommendations that work well with MDP, like only ECN or what ?

thanks


fxtyrant
Sep 12 2012 at 18:26
71 posts
hi saj, broker selection is just a trial and error process to see which bot does well with the broker's spread and slippages, i would recommend looking for some reliable broker with fractional pip, ECN, and low spreads. preferably with low commission too....
Pepperstone does well but when news happens uh oh slippages will be harsh on MDP....
Also it depends on the latency of the broker sooo if you can find a broker where their trade server is in Califorina, id recommend finding a dedicated server in california to have the optimum latency for trade execution... MDP is very sensitive to latency.

Fred_Forex
Sep 14 2012 at 08:38
117 posts
Easy come, easy go! All gains down the drains yesterday with FOMC 😲

I_AM_BEST
Sep 15 2012 at 10:29
15 posts
We should not need of thinking of those EAs that working only in fake liquidity or can say that at 100000000 lots available for Buy or Sell on each Tick that is never possible in reality

Because it shows No slippage In Demo accounts and hug +pips

But i prefer only Real Live accounts

Cheers
John Oswald

willgart
Sep 15 2012 at 13:04
588 posts
I_AM_BEST posted:
We should not need of thinking of those EAs that working only in fake liquidity or can say that at 100000000 lots available for Buy or Sell on each Tick that is never possible in reality

Because it shows No slippage In Demo accounts and hug +pips

But i prefer only Real Live accounts

Cheers
John Oswald


you can find tons of real account published on this site...

fxtyrant
Sep 17 2012 at 16:15
71 posts
I_AM_BEST posted:
We should not need of thinking of those EAs that working only in fake liquidity or can say that at 100000000 lots available for Buy or Sell on each Tick that is never possible in reality

Because it shows No slippage In Demo accounts and hug +pips

But i prefer only Real Live accounts

Cheers
John Oswald


i've been running MDP on my live account since 5th september and im 11% gain atm, have a nice day, like i said... MDP is a winning scalper in general problem is it doesnt work with all brokers because most of the brokers have latency limitation to ensure their client's trade execution are delayed.... for MDP to work properly, you need a connection to the broker under 500ms latency, thank god mine averages around 350....

ALEX KING (gclifechan)
Sep 21 2012 at 05:16
1 posts
hi,

Why MDP 1.2 can not be used in IC Markets broker [ www.icmarkets.com.au ] ??

anyone can solve this problem ?

thk


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