Million Dollar Pips (de milliondpips)

Gain : +26241.17%
Drawdown 39.44%
Pips: 5202.2
Transactions 4497
Gagné:
Perdu:
Type: Démo
Levier: 1:200
Trading: Automatisé

Discussion Million Dollar Pips

May 20, 2011 at 02:45
Vues 214,391
3,872 Replies
Membre depuis Feb 28, 2012   posts 29
Mar 16, 2012 at 12:39
Oh god, big loss for me 😭 but nothing did go wrong, I mean MDP didn't show any errors
To become old and wise you have to be young and stupid first.
Membre depuis Feb 29, 2012   posts 26
Mar 16, 2012 at 12:41

   Eddie_Morra posted:
   Oh god, big loss for me 😭 but nothing did go wrong, I mean MDP didn't show any errors

big loss here too, fortunately i am still getting better understanding of the EA before i go live.

btw, any body has some idea of the logic behind MDP?
Membre depuis Mar 08, 2011   posts 51
Mar 16, 2012 at 12:43

btw, any body has some idea of the logic behind MDP?

Yeah, almost everybody here... Read the thread.
Membre depuis Feb 28, 2012   posts 29
Mar 16, 2012 at 12:46
I hope MDP will recover that, I suffered a drawdown of ~22% 😞
To become old and wise you have to be young and stupid first.
Membre depuis Mar 08, 2011   posts 51
Mar 16, 2012 at 12:47
Do not hope. Change the broker. BTW, what is the order mod. time?
Membre depuis Feb 29, 2012   posts 26
Mar 16, 2012 at 12:48

   Eddie_Morra posted:
   I hope MDP will recover that, I suffered a drawdown of ~22% 😞

so sorry for your loss Eddie, what broker did you get this loss with?
Membre depuis Feb 28, 2012   posts 29
Mar 16, 2012 at 12:51 (édité Mar 16, 2012 at 13:14)
Avg. order modification time is 444 ms, MDP didn't show any errors. The problem is there was no retracement and MDP opened sell-positions.
Broker is IBFX(AU).

At least I get some rebate through cashbackforex so the total drawdown is a little lower.
To become old and wise you have to be young and stupid first.
Membre depuis Mar 08, 2011   posts 51
Mar 16, 2012 at 13:02 (édité Mar 16, 2012 at 13:03)
On IBFX ? Let's hear from other users of IBFX.
Membre depuis Feb 28, 2012   posts 29
Mar 16, 2012 at 13:16
Other users in different boards suffered also severe losses, today was a nightmare for them and me 😞
To become old and wise you have to be young and stupid first.
Membre depuis Mar 07, 2010   posts 257
Mar 16, 2012 at 13:17
bummer I had losses both on ibfx demo and real accounts
Membre depuis Aug 17, 2011   posts 20
Mar 16, 2012 at 13:21
yes me too i had alot of sell positions opened and 30% drawdown
live and let die
Membre depuis Aug 17, 2011   posts 20
Mar 16, 2012 at 13:21
my account went from 499 usd down to 356 usd 😂
live and let die
Membre depuis Aug 17, 2011   posts 20
Mar 16, 2012 at 13:21
i will never use mdp again in my whole life
live and let die
JamesLee
forex_trader_63868
Membre depuis Jan 31, 2012   posts 56
Mar 16, 2012 at 13:27 (édité Mar 16, 2012 at 13:28)
Hi Sherif Taher,
which version you using? and risk setting you put?
Membre depuis Feb 28, 2012   posts 29
Mar 16, 2012 at 13:29 (édité Mar 16, 2012 at 13:33)
MDP 1.2, risk 3. Anyways, would have been a loss today regardless of any settings, only smaller.

IBFX(AU) slippage was fairly high, Avg. Open Slip.: 16, Avg. Close Slip.: 38
To become old and wise you have to be young and stupid first.
Membre depuis Mar 08, 2011   posts 51
Mar 16, 2012 at 13:31

   Eddie_Morra posted:
   Other users in different boards suffered also severe losses, today was a nightmare for them and me 😞

At least one fault I see at IBFX: spread is too high in standard condition, thus much bigger at news time. 2 pips of spread is 80% more than a lot of other brokers - 1.2 pip spread included is... like a perfume. Find another. IBFX is not what they say it is.
JamesLee
forex_trader_63868
Membre depuis Jan 31, 2012   posts 56
Mar 16, 2012 at 13:31
Strange.. i didnt enter any trade today. My last enter trade was at 13th March. 2 small Win.
Membre depuis Aug 20, 2011   posts 588
Mar 16, 2012 at 13:32

   sheriftaher posted:
   i will never use mdp again in my whole life
because you dislike an EA which has not a 100% winning rate?
did you have one in your hands???
which one???
JamesLee
forex_trader_63868
Membre depuis Jan 31, 2012   posts 56
Mar 16, 2012 at 13:34 (édité Mar 16, 2012 at 13:35)

   pianosso posted:
   

   Eddie_Morra posted:
   Other users in different boards suffered also severe losses, today was a nightmare for them and me 😞

At least one fault I see at IBFX: spread is too high in standard condition, thus much bigger at news time. 2 pips of spread is 80% more than a lot of other brokers - 1.2 pip spread included is... like a perfume. Find another. IBFX is not what they say it is.
I thought MDP will stop trade if the spread is higher than 2?
Membre depuis Aug 12, 2011   posts 40
Mar 16, 2012 at 13:40
For all those who had large drawdowns go through this thread and look at posts by myself and people like professor 53 etc.

We all have talked about using low leverage, low max sim orders and modest risk etc, etc.

Those that are using 400:1 and max sim 8 along with high risk settings are doomed to failure. Both my accounts had drawdowns today but they are minor due to conservative settings.

If you took a big hit today, don't give up. You will probably made it back.

Dan

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