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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

fughe (fughe)
Feb 01 2012 at 20:46
724 posts
Million Dubious Pips

Make losses, but always come out a winner at the end.
mcymcy (mcymcy)
Feb 01 2012 at 21:17
270 posts
I can't understand what you discuss here. MDP is an EA. It was written for some market conditions. I have been using EA's about 5-6 years. To date i never seen an EA that always gain. For example look at FGB: It had too many problems in August but then look it's situation now... some times a paid thousands for an EA. But i have not seen an EA that always win...

So do not be so unmerciful...

fughe (fughe)
Feb 01 2012 at 21:53
724 posts
Oh woe to all ye who try to use MDP other than me! MDP will do nothing but wipe out your bank accounts (mine not included)! You should probably give up hope now while you still can afford to! MDP will only lose money (unless you're me)! Run Away! Run Away! Those who remain shall suffer the dreaded Beast of Caer Bannog!!




All who do not possess the Holy Hand Grenade of Antioch shall perish!!!


Make losses, but always come out a winner at the end.
mistificator (mistificator)
Feb 01 2012 at 22:43
453 posts
MDP is UNHOLY

Was mich nicht umbringt, macht mich stärker.
kisschup
Feb 02 2012 at 07:14
2 posts
i use mdp in thinkforex

and i think it doesn't work with this broker anymore

I have 20% of requote

and my execution time is 400-600ms

and I loss 11% in Jan

very bad result for me

maybe I have to change broker

do you have good one ?

ghi001
Feb 02 2012 at 07:44
45 posts
BTW the Other EA Fast Forex Million, have a look this wonderfull results: https://www.myfxbook.com/members/ghi001/fastforexdemo/229196 . 2 week's left to get my money back :)

mistificator (mistificator)
Feb 02 2012 at 08:19
453 posts
It should be called ForexTorpedo... you get hit and then take a nose dive hitting the sea floor sooner than later.

Was mich nicht umbringt, macht mich stärker.
NextLevelForex (NextLevelForex)
Feb 02 2012 at 08:31
262 posts
Here is something I noticed this evening, when starting trading in a NEW account.

The commission estimated by MDP was wrong, and it was not the first time I noticed it (you see it displayed on the chart; check if it matches what you know about your broker). If the estimated value is too high, that can lead to MDP not placing trades at all (if the spread + estimated commission would be above 2.0 pips; in my case the estimated commission was 1.3 pips, leaving almost no room for spread).

The workaround is simple: place a trade for each of the pairs you want to trade with MDP; once you close the trades, MDP will adjust the commission to the value it finds in account's history. Note1: if your broker uses balance updates to post commissions, you'll probably get 0 for the detected commission; make sure you are ok with that (MDP will trade even when spreads are higher than intended). Note2: it looks like if you have an active order MDP will not use the one I just closed to compute the commission; only after closing the second order (on the same pair) the commission was properly calculated.

Happy trading!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
crashev
Feb 02 2012 at 08:36
320 posts

   NextLevelForex posted:
   Here is something I noticed this evening, when starting trading in a NEW account.

The commission estimated by MDP was wrong, and it was not the first time I noticed it (you see it displayed on the chart; check if it matches what you know about your broker). If the estimated value is too high, that can lead to MDP not placing trades at all (if the spread + estimated commission would be above 2.0 pips; in my case the estimated commission was 1.3 pips, leaving almost no room for spread).

The workaround is simple: place a trade for each of the pairs you want to trade with MDP; once you close the trades, MDP will adjust the commission to the value it finds in account's history. Note1: if your broker uses balance updates to post commissions, you'll probably get 0 for the detected commission; make sure you are ok with that (MDP will trade even when spreads are higher than intended). Note2: it looks like if you have an active order MDP will not use the one I just closed to compute the commission; only after closing the second order (on the same pair) the commission was properly calculated.

Happy trading!


It happends.
The competition is high and brokers change/usually lower theri comissions so it has to be updated at some point in time.

Better to lose an oportunity than a money
crashev
Feb 02 2012 at 08:38
320 posts
Actually I had also such situtation today, my broker lowered comission, however even opening two positions did not change it so far

Better to lose an oportunity than a money
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