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Million Dollar Pips
em
Sistemas de Negociação
Jan 27, 2012 at 17:52
http://www.myfxbook.com/files/ForexMentor/MDP_Data.pngIf anyone interested in the Data, here it is after the trades😄
Million Dollar Pips
em
Sistemas de Negociação
Jan 27, 2012 at 17:48
MDP Default SettingsToday one batch of trades on EURUSD (I only have EURUSD, purchased yesterday)Testing on True ECN Broker that has no Requotes or PluginsIn total 6 Trades = 13.1 pips4 Winners, 2 Losers, Although the losers by the look of it I think were trades trying to close at Breakeven and experienced a tiny amount of slippage Account Growth 0.57%SWEET!!
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 23:09
Ok so I purchased MDP and will try it on my new ECN.However I set it up about 9 hours ago and as yet nothing?Anyone else trading MDP that has had orders opening today on EURUSDMany thanks
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 10:15
Yes your correct there are comsissions to pay, its on a sliding scale depending on account size and starts at $2.95 per lot, but for example EURUSD is often at 0.30 spread ot lower, currently live its running at about 0.50.But I guess the point when trading a robot is this, you want a low spreads so it can open orders
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 09:40
oh one other thing, those back tests, did you do those on here ? I assume you did, but cant seem to find where the strategy tester is .....
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 09:38
Good to hear a positive story about robot trading, do you use any other commercial robots apart from MDP ?Sounds like you have MDP sorted, I might invest myself now I hear it can be made to work.I guess they have a ton of upsells? what version are you using if you dont mind me asking.
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 09:18
MistyYes I agree everyone wants to be minted by next week, after shellling out only $99 for a robot...lol !!So are you saying then that with conservative Money management using MDP it works? do you run it live yourself?I have made my own robots and during the right conditions set up agreesively can double a live account in a week, but then on other occasions blow your account. But we are in a risk business and sometimes you have to take risks, but managed properly its possible to run accounts, withdraw profits and accept the odd melt down and still remain profitable.I found the alternative is ...
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 08:47
One other point ..........on here most people seem concerned about whos right and whos wrong and are constantly running down other comments and proffessing to be the font of all knowledge. Probably frustrarted traders letting off steam, as with many other forums.As a suggestion why dosent everyone stop this and try and offer some usable wisdom, or whats the point......imo
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 08:35
I agree...... but I only know of one broker currently that supports MT4, is ECN and offers super low spreads, typically during the day for GBPUSD 0.60, EURUSD 0.30 and GBPJPY 1, during the Asian they naturally go up slightly but still remain very low and more importantly are becoming usable for robots that require low spreads to work.....like FapTurbo.MDP obviously benefits from this also but has the added hindrence of requiring lighting fast execution to be successful. I Know some VPS services offer a realistic maintainable 10ms execution, at a cost, which to make MDP work to its maximum pote...
Million Dollar Pips
em
Sistemas de Negociação
Jan 26, 2012 at 01:38
Some good responses and comments to my post, the hedge fund and use of robots especailly.Anyone is entitled to design and sell a robot and make money, I guess for some doing that is a lot easier than tradng, which is hard and requires learning, disipline and dedication.Im not here to try and prove anythng, sell anything or share my results of my professional trading account with anyone, why would anyone want to do that? unless they had a commercial reason to prove something ?I just wanted to make the point that Ive never seen a robot do well over time, mainly due to the fact that these type of...
Million Dollar Pips
em
Sistemas de Negociação
Jan 25, 2012 at 18:31
Seriously the comments on here are comical.... what you think you can spend less than the cost of a few trips to McDonalds on buying a robot and it will answer all of your financial problems or dreams of wealth !! When you trade you are up against big organisations that want to maximise profits, as you do, the big difference is they can move the price action and you can not. They know you, they know your leverage, your greed, your fears, your stops, your take profits, basically your a sitting duck !!Ok lets put things in perspective...... what you seek does not exist for the moey you wish to p...
Million Dollar Pips
em
Sistemas de Negociação
Jan 25, 2012 at 07:43
I noticed that in Million Dollar pips demo account that most of the action came from one month in the middle of last year, either side of this and the performance dosent look great, so looks like it clealry needs very specific conditions.But the bottom line is there are not many robots that work as good as someone who knows how to trade manually, there are just too many things going on in the market that require knowkedge and judgement to be profitable, anyone thinks they will get rich trading robots is kidding themselves.Learn how to trade.
Alpari UK
em
Brokers
Jan 25, 2012 at 07:30
I have been with Alpari (UK) on and off for years, I like the new spread betting account, if you are able to its worth moving over to this for obvious tax reasons imo.There spreads are a little high and the fills not great if you enter market orders, also lots of requotes if you dont adjust your deviation in the order box, as they are a 5 digit broker.To get ECN with them and decent spreads you need a pro account, but again what they ask for in depsoit .v. the mnimum order size isn't good money management, ie minimum size order is 3 lots.Good all round broker and if your in the UK then you...
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