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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

Antny (fughe)
Aug 17 2011 at 10:11
724 posts

trew posted:
    I agree. This is not serious! I run MDP for 14 days on live account and it is not even close to profit we see here. When I asked for exact settings under which this account here doing so great profit - their answer was: We use default settings only with v116.
I wouldn't know what this means and of course - their answer is not helpful in any way. Looks like they avoid honest answer.


No, they are serious. The settings are most likely default. The problem is....it is a demo account and therefore not subject to slippage. You get perfect fills all the time every time. The problem is getting the orders opened quickly enough and then getting them closed quickly enough......without adverse slippage.

Make losses, but always come out a winner at the end.
Dar Verer (mistificator)
Aug 17 2011 at 10:16
453 posts
I have set up with default setting, the only change is actually max sim I put to 3 instead of 8 so account won't lag so much, and a lot size corresponding to my liking. Will see how it works.

Was mich nicht umbringt, macht mich stärker.
Tio Oso (TioOso)
Aug 17 2011 at 10:24
18 posts
I run this from Aug 4. From USD 3920 to 16230 at this point. But the large profits were on the 5. and 9.
I use default setting except that I use 10% risk.

Marko Cvetkov (trew)
Aug 17 2011 at 10:25
39 posts
If MDP thinking seriously and care how EA is doing on clients' accounts - they should post results from real account. If not - that means only they are not confident with work of their EA. They are scared to run it on real account? But clients can...

Cinar (mcymcy)
Aug 17 2011 at 10:33
270 posts
I Try MDP at my Iamfx live. It's failure. Yesterday too many orders and loosened. Now I'll try in different broker and if it will failure again i'll refund...(in the demo the results were very good. Because of this I try on the live.)

Antny (fughe)
Aug 17 2011 at 10:46
724 posts
The problem, and it will exist on every broker, is that this EA takes trades with short targets....and it opens trades during highly volatile periods. This means that slippage is usually far worse than normal and therefore...extreme speed of the VPS, connection from VPS to server, and the order server itself.

Several people have talked to their brokers about the problem and the answers they are getting back are....the servers cannot handle the massive influx of orders. The problem is going to exist no matter what. I have talked to tech support and they are passing some concepts I have on to the programmers to see if they want to try the concepts. I am seriously hoping they do, because it will solve some of the speed problems.

Make losses, but always come out a winner at the end.
DanielNWA Trading (Danielnwa)
Aug 17 2011 at 13:32
90 posts
Ever heard of fantasy football? Well this is fantasy Forex trading at its best. On the MDP website the author even claims that this is his real money account. I wonder why? Not saying it can't work but, just a penny for your thoughts...

Don't work hard, work smart.
Antny (fughe)
Aug 17 2011 at 13:46
724 posts
He does have a live account on here somewhere. It is definitely not this one though.

Make losses, but always come out a winner at the end.
George (pipsquick1957)
Aug 17 2011 at 14:24
172 posts
I have been emailing the author(william) for over 2 weeks now, and have asked to see his live statement over and over again, but to no avail. This is after he claimed in one of the first emails that his Think Forex live account has the exact same results as the TF demo here.

 He is hiding something and does not want to show his live account, but he should be showing it regardless of outcome. Apparently at FPA blog on MDP, people are having many problems getting there refunds, if at all, so this is not good at all. I think this EA has some potential, and maybe can be even better performance if some changes are made.

 I went through many sets (usually 8 trades) of trades, and noticed that many of the losers, which are all small, could have been winners if they were left open another 1-3 mins. The other thing thats happening with this MDP EA, is if you have 200 people trading it all at one broker like Think Forex, there servers will simply get bogged down with so many trades being executed at the same time.

rob559
Aug 17 2011 at 15:10
1916 posts
do you have a live or demo for us/jpn pair as well?

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