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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

ForexMentor
Jan 26 2012 at 09:40
53 posts
oh one other thing, those back tests, did you do those on here ? I assume you did, but cant seem to find where the strategy tester is .....

mistificator (mistificator)
Jan 26 2012 at 09:55
453 posts

   ForexMentor posted:
   Good to hear a positive story about robot trading, do you use any other commercial robots apart from MDP ?

Sounds like you have MDP sorted, I might invest myself now I hear it can be made to work.

I guess they have a ton of upsells? what version are you using if you dont mind me asking.




There are no upsells. I used also ForexGrowthBot, and it is quite profitable but has drawdowns to 30% which is unacceptable in my book. I bought an upsell Power Edition, it allows you to fully customized it and provides with an EA source code (besides the actual strategy which is hidden in DLL), so I modified it enhancing it's risk controls. Countless hours of testing and I got a configuration which produced same 200% profit for 2011 but with only 10% drawdown as opposed to 30+ of the standard bot. And it even works no on M15 charts that standard FGB uses. It's in forward testing though, I intend to run in on demo for a couple of months before moving forward to a live test.

Tests are private. I plan to launch an website giving people the right configurations and tons of information of quality back tests and different setups for any kind of risk appetite in a return to a purchase via refferal link or setting up with a broker via my introducing broker link. Or for a small outright fee for a membership in the club. It is a lot of work, after all. Almost never ending as robots require constant updating.

Was mich nicht umbringt, macht mich stärker.
silver06
Jan 26 2012 at 09:57
2 posts
ForexMentor, you're talking about 0.6 for GBPUSD, 0.30 for EURUSD, but you should also state clearly that these spreads are obtained with commissions (about 3.5$ per lot). If you addition commissions with initial spreads you are far from having really these ones.

mistificator (mistificator)
Jan 26 2012 at 09:59
453 posts
I would say commissions are usually around 25-35 usd per million for retail accounts, i.e. 0.6-0.8 pips to add. I have around 1.3-1.4 spread on eurousd most of the time including commissions, and I consider it a very good deal.

Was mich nicht umbringt, macht mich stärker.
MainTrader (MainTrader)
Jan 26 2012 at 09:59
25 posts
Am yet to finish programming my own robots, hope it works well, am testing it at the moment on a live account

ForexMentor
Jan 26 2012 at 10:15
53 posts

   silver06 posted:
   ForexMentor, you're talking about 0.6 for GBPUSD, 0.30 for EURUSD, but you should also state clearly that these spreads are obtained with commissions (about 3.5$ per lot). If you addition commissions with initial spreads you are far from having really these ones.


Yes your correct there are comsissions to pay, its on a sliding scale depending on account size and starts at $2.95 per lot, but for example EURUSD is often at 0.30 spread ot lower, currently live its running at about 0.50.

But I guess the point when trading a robot is this, you want a low spreads so it can open orders

ForexMentor
Jan 26 2012 at 23:09
53 posts
Ok so I purchased MDP and will try it on my new ECN.

However I set it up about 9 hours ago and as yet nothing?

Anyone else trading MDP that has had orders opening today on EURUSD

Many thanks

willgart
Jan 26 2012 at 23:11
588 posts
wait... you could have a week without any trade if the market is slow.
or you can have a day with 3 or 4 batch of trades!

check the demo account on myfxbook to see when the robot trade.

fughe (fughe)
Jan 26 2012 at 23:19
724 posts

   ForexMentor posted:
   Ok so I purchased MDP and will try it on my new ECN.

However I set it up about 9 hours ago and as yet nothing?

Anyone else trading MDP that has had orders opening today on EURUSD

Many thanks


You will probably get some action during US Advance GDP tomorrow

Make losses, but always come out a winner at the end.
Jeremy Jones
JeremyJones
Jan 27 2012 at 14:55
5 posts
Hello there, I was wondering if you could give me your opinion on whether MDP and FFM are worth investing at the moment... ?
I was using FAP but heavy draw downs there... theres a new one I found online too called the forex sniper making some very big claims on their site in terms of how different it is but it doesnt seem to have been released yet... hmmmm .

Thanks in advance guys

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