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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)
Mar 23 2012 at 16:10
453 posts
I patiently wait till crowds will get disappointed and drop out then the brokers won't get DOSed by thousands of MDP orders, liquidity won't be a problem and those who stay will be happy. Otherwise I need to develop an MDP clone but working with a slightly different timing not to be engaged same time as crowds do. I think MDP's worst problem is its success. But Morrisson made his millions already and moved on with FFM which aren't making any money AFAIK for happy buyers.

Was mich nicht umbringt, macht mich stärker.
tradinfool (tradinfool)
Mar 23 2012 at 16:29
40 posts

   mistificator posted:
   I patiently wait till crowds will get disappointed and drop out then the brokers won't get DOSed by thousands of MDP orders, liquidity won't be a problem and those who stay will be happy. Otherwise I need to develop an MDP clone but working with a slightly different timing not to be engaged same time as crowds do. I think MDP's worst problem is its success. But Morrisson made his millions already and moved on with FFM which aren't making any money AFAIK for happy buyers.


I suspect that if you change num orders to a higher level it will trade more frequently. I believe that it will change the height of the bollinger band and enter sooner than most everybody. It could also create bigger losses since it is entering earlier in the spike. If this assumption is correct you will have your slightly different timing that you are looking for.

If I am incorrect in my understanding of the num order setting let me know.

Dan

mistificator (mistificator)
Mar 23 2012 at 17:14
453 posts
Not really, changing order number will change precisely that, order number, i.e. a number of orders opened. It does not open all at once but uses a concept of channels, adding one order each 5 pips of move after the trigger (touching 3 standard deviation bb), so it increases risk in case of bigger moves, but not the point where the order will be in relation to the price, AFAIK it is always precisely in some 3 pips from the price. Version 1.1.6 used 2 pips and IMO it could be more successful in current markets rather than version 1.2 as later is looking for bigger moves that aren't present this year often.

Was mich nicht umbringt, macht mich stärker.
mistificator (mistificator)
Mar 23 2012 at 17:16
453 posts
I think the better trade idea would be to trigger earlier but trail at smaller distance, use much tighter stop loss and look for smaller profits, close out sooner. And most importantly - don't go public with it.

Was mich nicht umbringt, macht mich stärker.
tradinfool (tradinfool)
Mar 23 2012 at 18:11
40 posts
Thanks for the clarification Misty.

Do you know what the effect of turning off stops?

mistificator (mistificator)
Mar 23 2012 at 21:13
453 posts
The effect could be you will lose your account and still owe some if once in a blue moon big spike will come against and your broker will deny closing a trade with a market order.

Was mich nicht umbringt, macht mich stärker.
moneytalks
Mar 23 2012 at 21:21
40 posts
RefundFX (RefundFX)
Mar 24 2012 at 11:50
5 posts
Friday was 2 trades two losses on IBFX Australia, Axi trader and Synergy FX.

Earn cash rebates -
greglegrande
Mar 27 2012 at 16:58
27 posts
Something is definitely up with this EA -or- this kind of negative run just happens. Which one is it? I made almost 350 pips last month. I am negative this month. Is this worth sitting through or should we all run away as fast as we can?

JamesLee
Mar 27 2012 at 17:05
56 posts

   greglegrande posted:
   Something is definitely up with this EA -or- this kind of negative run just happens. Which one is it? I made almost 350 pips last month. I am negative this month. Is this worth sitting through or should we all run away as fast as we can?

This month market less volatility. Others scalping EA beside MDP didn't make good profit as well. So be patient.

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