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Million Dollar Pips (By milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Trades | 4497 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Million Dollar Pips Discussion
Member Since Aug 16, 2010
450 posts
Feb 01, 2012 at 20:10
MDP is a total disaster, folks. Trust me. Take you money and run while you can!
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
450 posts
Feb 01, 2012 at 20:39
(edited Feb 01, 2012 at 20:42)
MDP in undemocratic!
Was mich nicht umbringt, macht mich stärker.
Feb 01, 2012 at 21:17
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...
So do not be so unmerciful...
Feb 01, 2012 at 21:53
(edited Feb 01, 2012 at 21:54)
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!!!
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All who do not possess the Holy Hand Grenade of Antioch shall perish!!!
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Make losses, but always come out a winner at the end.
Member Since Aug 16, 2010
450 posts
Feb 01, 2012 at 22:43
MDP is UNHOLY
Was mich nicht umbringt, macht mich stärker.
Feb 02, 2012 at 07:44
BTW the Other EA Fast Forex Million, have a look this wonderfull results: http://www.myfxbook.com/members/ghi001/fastforexdemo/229196 . 2 week's left to get my money back :)
Member Since Aug 16, 2010
450 posts
Feb 02, 2012 at 08:19
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.
Member Since Apr 25, 2011
260 posts
Feb 02, 2012 at 08:31
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!
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
Feb 02, 2012 at 08:36
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
Member Since Apr 25, 2011
260 posts
Feb 02, 2012 at 08:48
What if you go to Account History and select a custom period that contains only the lower-commission trades?
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
260 posts
Feb 02, 2012 at 08:53
In this case I would ask customer support. I contacted them in the past, and although the replies came often with delays, I think they replied to all of my messages.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Jul 13, 2011
25 posts
Feb 02, 2012 at 10:44
(edited Feb 02, 2012 at 10:46)
Wow. -115.80 pips today. Went down -14% today. -31% since this year started. Soooo, I'm Turning this sh*t off. Don't know when I'lll run it again but right now it's not doing shi*t for me but losing money.
Member Since Jan 24, 2012
53 posts
Feb 02, 2012 at 10:51
Look for a better broker, my account just went up 11%
26 trades all winners
26 trades all winners
Member Since Jul 13, 2011
25 posts
Feb 02, 2012 at 10:52
Or I can turn the shit off all together because no one will "find a better broker"
