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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

mistificator (mistificator)
Jan 18 2012 at 17:23
453 posts
I second that

Was mich nicht umbringt, macht mich stärker.
jsintl
Jan 18 2012 at 17:36
155 posts
I qut using this EA as I have no good broker to use

Gillinjahrel
Jan 18 2012 at 18:39
25 posts

   FH1FOREX posted:
   The name of this game is SURVIVAL. We have to survive to fight another day and the only way to do that is by keeping the number of trades and the size of the trades below proportional to the account size.

People who try to become wealthy within one year and push the EAs to the limit will find big gains, true, but also a few huge losses that can wipe out their accounts or will reduce their accounts to insignificant values.

It is better to go slowly and build your account over a few years, that way you will catch the overall positive of the EA.

Just a few words of wisdom from an old man.

Greetings.


I'm sorry sir but unless the vendor continues to update it for the next few years, No one is going to put trust in an outdated EA that's already not trading as much or preforming as well as last year.

FH1FOREX
Jan 18 2012 at 19:02
18 posts

   Gillinjahrel posted:
   

   FH1FOREX posted:
   The name of this game is SURVIVAL. We have to survive to fight another day and the only way to do that is by keeping the number of trades and the size of the trades below proportional to the account size.

People who try to become wealthy within one year and push the EAs to the limit will find big gains, true, but also a few huge losses that can wipe out their accounts or will reduce their accounts to insignificant values.

It is better to go slowly and build your account over a few years, that way you will catch the overall positive of the EA.

Just a few words of wisdom from an old man.

Greetings.


I'm sorry sir but unless the vendor continues to update it for the next few years, No one is going to put trust in an outdated EA that's already not trading as much or preforming as well as last year.


Yes, EAs have to be updated, but we still have not seen any of the drawdowns that the backtests show and did not care about because we were looking at the 2, 4, or 10 year equity curve with an upward move. Still, I would also like this EA to remain updated.

Professor53
Jan 18 2012 at 20:20
795 posts
Out of 20 members, only 5 had profits today. 2 were version 1.1.6 and 3 were version 2.0

Im looking for winning trends.... also comparing servers on our broker.

Garry

Click on my Name to see My Live Charts and Bio.
mistificator (mistificator)
Jan 18 2012 at 20:22
453 posts
I would say it was just random result on the overloaded broker's server - orders that came first in went first out.

Was mich nicht umbringt, macht mich stärker.
tradinfool (tradinfool)
Jan 18 2012 at 20:40
40 posts

   Professor53 posted:
    Out of 20 members, only 5 had profits today. 2 were version 1.1.6 and 3 were version 2.0

Im looking for winning trends.... also comparing servers on our broker.

Garry


I had small profits today on both my accounts. January is starting out slow. What is hard to do is keep things in perspective. If you earn 10% or more on your investments you are doing fantastic. The bank pays less than 2% a year. Stocks went nowhere over the last 10 years.

I don't understand why folks are complaining about the ea not being updated. For many of us it is working just fine. What has been working for me is low leverage, low risk and max sim 1 or 2. The key is not to catch a bad spike and see the account drop 25-50% in one day. Remember if you go down 50% you need to go up 100%. Not too easy to do. On the other hand if your losses are only 1 - 5% you can take a lot of consecutive losses and come back when the market is more favorable.

This is almost 50 years of trading experience talking.

'Bulls make money, bears make money but pigs make nothing'

mistificator (mistificator)
Jan 18 2012 at 20:55
453 posts
Dan is right. But most people trade very small accounts, so they have no interest to grow 5-10% a month. They want 100% or more since they have very little money on stake. If they lose it all, ok, they put aside from their salary and start again. If trade 100k account and get that destroyed... different story. But then 5% a month on average is awesome.

Was mich nicht umbringt, macht mich stärker.
FH1FOREX
Jan 19 2012 at 07:20
18 posts
5% a month on average and steadily year after year is an excellent achievement.

jannie (jannie)
Jan 19 2012 at 07:59
44 posts
Oh YEah...

When running MDP, turn off Diagnosis, Debug etc
and turn silent on

all these things have small timing impacts...

just a thought

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