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Million Dollar Pips EURUSD (By birt)
| Gain : | +536.55% |
| Drawdown | 48.38% |
| Pips: | 3970.7 |
| Trades | 2907 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Automated |
Million Dollar Pips EURUSD Discussion
Jan 18, 2012 at 20:11
Hi Birt,
I really appreciate you scaling back MDP to be 'useful' for others. Seriously, we get very similar returns each day and I am using a very popular broker, but with a VPS obviously. So your estimation of average I think is spot on.
One question if I may birt:
You mentioned earlier in this thread about setting up a bridge for serious trading. Can you point me to any articles you found useful with this?
Thanks in advance, and thanks for being honest, and generous with your time.
Best,
Dale
I really appreciate you scaling back MDP to be 'useful' for others. Seriously, we get very similar returns each day and I am using a very popular broker, but with a VPS obviously. So your estimation of average I think is spot on.
One question if I may birt:
You mentioned earlier in this thread about setting up a bridge for serious trading. Can you point me to any articles you found useful with this?
Thanks in advance, and thanks for being honest, and generous with your time.
Best,
Dale
Member Since Dec 15, 2010
784 posts
Jan 18, 2012 at 20:19
Is this a extended thread on MDP? 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
Im looking for winning trends.... also comparing servers on our broker.
Garry
Click on my Name to see My Live Charts and Bio.
Jan 18, 2012 at 21:54
dalecam posted:
You mentioned earlier in this thread about setting up a bridge for serious trading. Can you point me to any articles you found useful with this?
It's a niche that's way too small to have articles. If your trading capital is below several hundred thousand, you probably shouldn't bother.
If you want to look into it some more, you will have to contact the bridge software vendors and I can enumerate a few: gold-i, primexm, b2bits, boston technologies, divisa/currenex, integral.
Feb 16, 2012 at 19:08
jsantos3 posted:
Is Hard_Stop_Trailing set to True or False? If set to false as you mention ("Stop Orders, Hard Stop Trailing and AutoAdjust_ECN are set to false"), then would the trades exit only when hit the original SL or TP?
On the contrary, it exits programatically instead of exiting by SL/TP. They're all set to false as I mentioned.
Feb 16, 2012 at 19:26
jsantos3 posted:
I have Hard_Stop_Trailing set to True on my account, yet the trades exit like yours (trailing stop). So I wonder what would make this ea to exit only by initial SL and TP, whichever hits first.
Mine uses soft closing, for example:
2012.02.15 19:29:01 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 3: Closing Soft Stop SELL
I don't think it's even possible to only close by stop loss and take profit. The manual explains the settings quite well. StopOrders will make it enter via stop orders, HardStopTrailing will use a stops loss and will use a trailing stop while AutoAdjustECN simply lets the two settings above be adjusted as seems best for your brokerage.
Feb 16, 2012 at 19:56
I have been watching this link for a couple of months http://www.myfxbook.com/members/shadowmt/alpari-nz-ndd/122198
In the past, trade history was open so I could see that these trades were from MDP. I found interesting is that the trades only exited by original TP or SL. And it's doing well on Alpari Russian. But the owner of the account never replied to any question whatsoever.
In the past, trade history was open so I could see that these trades were from MDP. I found interesting is that the trades only exited by original TP or SL. And it's doing well on Alpari Russian. But the owner of the account never replied to any question whatsoever.
forex_trader_63868
Member Since Jan 31, 2012
56 posts
Mar 11, 2012 at 15:12
Birt, is this MDP 1.2? I heard somewhere that mdp1.16 is more conservative. Mdp1.1.6 can set risk to 2-3% compare to mdp1.2, Is it true? What do u think?
forex_trader_63868
Member Since Jan 31, 2012
56 posts
Mar 11, 2012 at 15:22
Hi Birt, thanks for the reply, I have seen a member did a backtest on both version. Here is the link (http://forums.babypips.com/expert-advisors-automated-trading/39243-million-dollar-pips-58.html) post at #572. The back test show that 1.16 ver more conservative and is profitable too.
forex_trader_63868
Member Since Jan 31, 2012
56 posts
Mar 11, 2012 at 15:31
(edited Mar 11, 2012 at 15:40)
Here is the snapshot i took. It seems that the drawdown is higher for 1.2version. It is a Backtest data from 1-Jan-2011 to 1-Jan-2012.
forex_trader_63868
Member Since Jan 31, 2012
56 posts
Mar 11, 2012 at 15:49
Ic, thanks for that information. I'm currently using mdp1.2 and my account have Leveraging 1:500. Can i set risk to 5%? Is it safe?
I can't do the backtest because my broker do not have ECN data. Thanks is advance.
I can't do the backtest because my broker do not have ECN data. Thanks is advance.
Mar 11, 2012 at 15:51
5 is likely too much and might result in a margin call depending on your other settings. If you look at the comments on http://eareview.net/live-forward-test, I made some observations regarding risk and leverage in an older comment.
As for backtesting, you can do that regardless of whether the broker is ECN or not. Keep in mind that MDP will very likely not work well on a fixed spread broker.
As for backtesting, you can do that regardless of whether the broker is ECN or not. Keep in mind that MDP will very likely not work well on a fixed spread broker.
Member Since Mar 17, 2011
12 posts
Mar 11, 2012 at 20:26
Hi birt,
Nice to see that you guys are still cracking away on the MDP :) ... just wanted to ask if you have u seen anyone launch this on dukascopy via the FTT (T3) bridge?, do you think it has any chance of success on that broker?
I dont really like launching any commercial EA's, only my own ones.. at least i know how it works :) ...but now was possibly thinking of adding this MDP bugger on the account:)
thanks
Justin
Nice to see that you guys are still cracking away on the MDP :) ... just wanted to ask if you have u seen anyone launch this on dukascopy via the FTT (T3) bridge?, do you think it has any chance of success on that broker?
I dont really like launching any commercial EA's, only my own ones.. at least i know how it works :) ...but now was possibly thinking of adding this MDP bugger on the account:)
thanks
Justin
"Every System is Profitable, One only doesn't know the conditions that it is profitable in"
