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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

geektrader
Dec 26 2011 at 20:46
153 posts
OK, my MDP is for sale now (after confirming with William that he is Ok with this, which he is).

I sell it via PayPal to the highest bidder within the next 48 hours (via private message please) + you get my recommendation for a broker where MDP really works.

You will get full access to the members area for downloading the EA via the official site and of course can then activate the license for your account or for as many accounts as you want since this can be changed as often as you want through the MDP website instantly, but can of course only be used with one account at the same time. Makes it easy to test MDP with several brokers.

Apart from this you will get my personal broker recommendation that works perfect for MDP. All timings with this broker are at 300ms (execution time, open time, modify time) if you have a VPS in New York (that´s where the broker is located).

Slippage is below 1 pip for open/close, just what MDP needs. Additionally, if you want, I will give you a list of the brokers I´ve tested that DO NOT work, so that you don´t have to waste your time. I have had live accounts with all those brokers (over 8) and tested each of them with real money with MDP. Just this one broker I will tell you works really well and steady with MDP for me and should continue to do so as the liquidity is through Currenex and it´s a really true ECN broker which on top is very friendly with support and this broker is especially welcoming and inviting traders that do high frequency trading and also giving you support if you are unhappy with any of the trading-conditions (which I haven´t been so far).

Please PM me.

Merry Christmas.

P.S.: I am stopping MDP because I run my own EA now and have no further use for MDP as it is to high risk for my style of trading.

MetaCoder
Dec 26 2011 at 20:51
126 posts
el_tobbes
Dec 26 2011 at 20:55
11 posts
.... look at this:

https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&amp#gid=0

row: W ->

Perfect broker. Absolutely outstanding live-support, extremely knowledgeable, very friendly and just all around great. There feed is through Currenex, no extra commission is charged but spread is marked up. Order execution is amazingly fast even with high lot sizes (over 10 lots) and biggest ticket can go up to 100 lots instant execution (no dealing desk). They are true ECN through Currenex in New York and also have a live account of MDP published which they run from a VPS in New York. https://www.myfxbook.com/members/DCMforex/million-dollar-pips-eurusd-live/197370

MetaCoder
Dec 26 2011 at 21:00
126 posts

   el_tobbes posted:
   .... look at this:

https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&amp#gid=0

row: W ->

Perfect broker. Absolutely outstanding live-support, extremely knowledgeable, very friendly and just all around great. There feed is through Currenex, no extra commission is charged but spread is marked up. Order execution is amazingly fast even with high lot sizes (over 10 lots) and biggest ticket can go up to 100 lots instant execution (no dealing desk). They are true ECN through Currenex in New York and also have a live account of MDP published which they run from a VPS in New York. https://www.myfxbook.com/members/DCMforex/million-dollar-pips-eurusd-live/197370





Curve's still not looking good..

My recommended Broker
profix
Dec 26 2011 at 21:11
131 posts

   MetaCoder posted:
   

   el_tobbes posted:
   .... look at this:

https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&amp#gid=0

row: W ->

Perfect broker. Absolutely outstanding live-support, extremely knowledgeable, very friendly and just all around great. There feed is through Currenex, no extra commission is charged but spread is marked up. Order execution is amazingly fast even with high lot sizes (over 10 lots) and biggest ticket can go up to 100 lots instant execution (no dealing desk). They are true ECN through Currenex in New York and also have a live account of MDP published which they run from a VPS in New York. https://www.myfxbook.com/members/DCMforex/million-dollar-pips-eurusd-live/197370





Curve's still not looking good..


...but way better than yours LOL
https://www.myfxbook.com/members/MetaCoder/forex-wolf/208882

MetaCoder
Dec 26 2011 at 21:17
126 posts

   profix posted:
   

   MetaCoder posted:
   

   el_tobbes posted:
   .... look at this:

https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&amp#gid=0

row: W ->

Perfect broker. Absolutely outstanding live-support, extremely knowledgeable, very friendly and just all around great. There feed is through Currenex, no extra commission is charged but spread is marked up. Order execution is amazingly fast even with high lot sizes (over 10 lots) and biggest ticket can go up to 100 lots instant execution (no dealing desk). They are true ECN through Currenex in New York and also have a live account of MDP published which they run from a VPS in New York. https://www.myfxbook.com/members/DCMforex/million-dollar-pips-eurusd-live/197370





Curve's still not looking good..


...but way better than yours LOL
https://www.myfxbook.com/members/MetaCoder/forex-wolf/208882



Funny, Those are play Demo accounts. Majority of my trades are done on Java platform not Mt4. My few Mt4 Live accounts I dont share on myfxbook.


You can see my thread where I show my charting and trading with custom indicators I write. I even share some BB Strategies. You can thanks me later..

https://www.myfxbook.com/community/new-traders/pro-trading-by-metacoder/218214,2#?pt=2&p=1&o=218214

My recommended Broker
geektrader
Dec 26 2011 at 21:22
153 posts
Please read my whole message: I am selling it because I now run solely my own EA and MDP is to risky for my style of trading. I like steady low returns with drawdown of less than 3% over 10 years backtest, which my EA does.

And no, it´s not the broker in the spreadsheet (DCMForex) that I am recommending. Otherwise I wouldn´t have posted it public, right? Still it works good with DCMForex.

Thanks for the first bids so far, I will wait 48 hours for more bids, then sell it. Cheers.

MetaCoder
Dec 26 2011 at 21:23
126 posts

   geektrader posted:
   Please read my whole message: I am selling it because I now run solely my own EA and MDP is to risky for my style of trading. I like steady low returns with drawdown of less than 3% over 10 years backtest, which my EA does.

And no, it´s not the broker in the spreadsheet (DCMForex) that I am recommending. Otherwise I wouldn´t have posted it public, right? Still it works good with DCMForex.

Thanks for the first bids so far, I will wait 48 hours for more bids, then sell it. Cheers.




Can you show your EA backtest with %3 DD over 10 years

My recommended Broker
fughe (fughe)
Dec 27 2011 at 01:46
724 posts

   geektrader posted:
   OK, my MDP is for sale now (after confirming with William that he is Ok with this, which he is).

I sell it via PayPal to the highest bidder within the next 48 hours (via private message please) + you get my recommendation for a broker where MDP really works.

You will get full access to the members area for downloading the EA via the official site and of course can then activate the license for your account or for as many accounts as you want since this can be changed as often as you want through the MDP website instantly, but can of course only be used with one account at the same time. Makes it easy to test MDP with several brokers.

Apart from this you will get my personal broker recommendation that works perfect for MDP. All timings with this broker are at 300ms (execution time, open time, modify time) if you have a VPS in New York (that´s where the broker is located).

Slippage is below 1 pip for open/close, just what MDP needs. Additionally, if you want, I will give you a list of the brokers I´ve tested that DO NOT work, so that you don´t have to waste your time. I have had live accounts with all those brokers (over 8) and tested each of them with real money with MDP. Just this one broker I will tell you works really well and steady with MDP for me and should continue to do so as the liquidity is through Currenex and it´s a really true ECN broker which on top is very friendly with support and this broker is especially welcoming and inviting traders that do high frequency trading and also giving you support if you are unhappy with any of the trading-conditions (which I haven´t been so far).

Please PM me.

Merry Christmas.

P.S.: I am stopping MDP because I run my own EA now and have no further use for MDP as it is to high risk for my style of trading.


Uhmmmmm......okay. The ONLY reason i know of anyone wanting to get rid of MDP is due to it not being profitable. So, since you have found a broker that it succeeds on, why would you get rid of it?

Make losses, but always come out a winner at the end.
mistificator (mistificator)
Dec 27 2011 at 09:01
453 posts
He said it is too risky, and I tend to agree. If you configured 8 orders with 2% risk as per recommendation, you have an initial 20 pips stop loss on each (in case move is strong and all 8 are launched), and you are effectively running 16% risk instead of 2 as you might think, be move so violent or broker so lazy those orders won't get a chance to get modified to curtail the SL and lessen the risk.. That can be easily avoided by running 1 order only instead of 8, it can be bit bigger though, like 3-4%. MDP does rely some on multiple orders as it has gradual entry depending on violence of the move, but while it will remove some profits it will help to lessen drawdowns too. One of those killer moves that activated all orders we have seen when rumour of EFSF 1 tril was leaked (wrong one) and eu launched a rally of 100 pips late night with no pull backs. Many lost over 20% equity as MDP did several full scale trades and mostly lost. But there were good ones too - ECB cut the rate, big violent move but mostly winning, we gained over 10% back then. So basically what I am saying - yes MDP is risky but be market correct for it it is highly profitable. If you would like it to cater for lesser drawdowns - either cut risk parameter from 2 to 1 or less %, or lessen number of orders. In my opinion second is optimal. Also it will pose lesser requirements for brokers speed!

All being said I also have my EA I will start testing live after festivities, and if it can resemble it's backtesting (on Dukas tick data) feat even half as good - I will likely to lesser my risk on MDP as well but probably will still run it as my EA trades on similar premise but has different entries and exits and won't multiply same risk as MDP has...

Was mich nicht umbringt, macht mich stärker.
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