Million Dollar Pips Diskussion

On their website, it states 30 day guarantee.

ouch...
take a look at this robot:
https://www.myfxbook.com/members/EURUSD/wwwmagicfxrobotcom/168521
if MDP required an excellent broker, this one will require a better one!!!!

Hello,

if you think you can win a contest with MDP then come to us.
https://www.expert-advisor.com/forum/metatrader-4/expert-advisors/1669-100-euro-beim-contest-zu-gewinnen.html
Its a contest with live accounts. Smallest accounts has the same chance as bigger account.
What dou you think about this ?

Joe

@willgart: Yes, again a new name for this robot:) Search google for 'magic fx robot' and you will find some things like a post on FPA where everyone lost their money. They are selling this robot under like 5 different names. Each time one name get´s bad reviews on the net, they change it.

Also it´s funny that it costs 2000$ and he just wants to sell a few copies as he says, but has a affiliate program on the site where he says that he wants his affiliates to place the ads for this robot in front of the most people that can be possibly reached;)

BIG scam this one!

   Britt posted:
   On their website, it states 30 day guarantee.

The guarantee is actually from Clickbank not MDP. In order to use Clickbank to distribute your EA you must give a 60 day guarantee. In fact your actual refund is from Clickbank since I am guessing that they don't even give the developer any dinero until the 60 period has passed. If you want a refund go directly to Clickbank service. Every refund I have received on an EA has been from Clickbank not the vendor and I have done quite a few. Hope this helps.

Stay away from magicfxrobot. It's working style is not same with MDP. It makes money with arbitrage. You can use but the broker do not give your money. Also you can not take your money back.($2000)

   willgart posted:
   ouch...
take a look at this robot:
https://www.myfxbook.com/members/EURUSD/wwwmagicfxrobotcom/168521
if MDP required an excellent broker, this one will require a better one!!!!

Thx for sharing !
Cinar has a point. Most of the brokers will not allow arbitrage trading of that style some of them clearly state that. The others when bust You on this they will block Your account.

However I have to say that from the scientific point of view it's pretty interesting - have anyone seen anything other similar ?

I had an opportunity to test that one. First it will probably work only on slowest bucket shop. Second unlikely it will ever work on real account. Third it is like news trading - brokers will hate you and play all tricks to take your money back. Forth support is next to none and the whole way of working is mega weird.

Also I tested another 'arbitrage' EA earlier, one that works with Saxobank institutional platform as a lead feed - that one actually was making money on FXDD Demo, but never on real account due to slippage, requote and execution lag.

Forget about any arbitrage on MT4 and linear arb as well. You need a mega robust system, you need a FIX API to institutional level broker and minimum 100-250K account for starters, and you need triangular arbitrage. And then there is no guaranty. If you want guaranty come work at the cemetery. This is the only place in a life that can guaranty successful business.

MistiFx: Can You post some links to such robots, I'm really interested in their ideas ?

You are probably right that it must be fixed API robot to work but it
can be done :)
I know most brokers don't condone this, as this is kind of breaking the law and unfair
advantage, but if the big banks do it, why shouldn't we.

When it comes to brokers, they will always hate You when You will earn money - that's mostly because
most of them is market makers (even those calling themselves ECN/STP as they have
to aggregate smaller transactions and take the risk).

a freak spike taht snortd 9% of my accouNT

on 2% risk . . .

not fixed api, FIX API. Google it.
I don't have any links for that Russian arb with Saxo, but this magic robot is here https://www.scalpingrobot.com/

It's not about should we or we shouldn't, it's that we can't. You need a real institutional agreggation and access to liquidity to do this. You need to trade in the spread not with it. There is a cool book, read it if you are interested:
https://www.amazon.com/Algorithmic-Trading-DMA-introduction-strategies/dp/0956399207

   crashev posted:
   MistiFx: Can You post some links to such robots, I'm really interested in their ideas ?

You are probably right that it must be fixed API robot to work but it
can be done :)
I know most brokers don't condone this, as this is kind of breaking the law and unfair
advantage, but if the big banks do it, why shouldn't we.

When it comes to brokers, they will always hate You when You will earn money - that's mostly because
most of them is market makers (even those calling themselves ECN/STP as they have
to aggregate smaller transactions and take the risk).

Hi everyone,

I am new here, I bought MDP for 3 months already but I just tested it on live real money account.
Here my screenshot https://imagebin.org/179820 with these trading result https://imagebin.org/179822

And another screenshot https://imagebin.org/179823 with these trading result https://imagebin.org/179825
Total for today tradeing here https://imagebin.org/179826

I don't know what the trading result will be in next day.

Any comments?

which broker are you using?

   EA2U posted:
   Hi everyone,

I am new here, I bought MDP for 3 months already but I just tested it on live real money account.
Here my screenshot https://imagebin.org/179820 with these trading result https://imagebin.org/179822

And another screenshot https://imagebin.org/179823 with these trading result https://imagebin.org/179825
Total for today tradeing here https://imagebin.org/179826

I don't know what the trading result will be in next day.

Any comments?

I thought it was FinFX broker considering 'm' suffix but spread is too big so probably something else.

   EA2U posted:
   Hi everyone,

I am new here, I bought MDP for 3 months already but I just tested it on live real money account.
Here my screenshot https://imagebin.org/179820 with these trading result https://imagebin.org/179822

And another screenshot https://imagebin.org/179823 with these trading result https://imagebin.org/179825
Total for today tradeing here https://imagebin.org/179826

I don't know what the trading result will be in next day.

Any comments?

interesting, You set the risk to 0.01%??? and with a slow execution time you get good results.
is it the MDP secret??? :)

willgart: I thought You'r done with MDP? ;] 'bye bye MDP... thanks Forex Cash Multiplier + PipMaker'

Guys, did anyone have profit yesterday on the last spike - the biggest one or was it not profitable at all ?

   willgart posted:
   

   EA2U posted:
   Hi everyone,

I am new here, I bought MDP for 3 months already but I just tested it on live real money account.
Here my screenshot https://imagebin.org/179820 with these trading result https://imagebin.org/179822

And another screenshot https://imagebin.org/179823 with these trading result https://imagebin.org/179825
Total for today tradeing here https://imagebin.org/179826

I don't know what the trading result will be in next day.

Any comments?

interesting, You set the risk to 0.01%??? and with a slow execution time you get good results.
is it the MDP secret??? :)

I believe that it depends on luck with using MDP. Cause I saw someone using same MDP, same broker, same setting and same vps, but they got different result. No reason why it is like that.

   rootkit posted:
   which broker are you using?

It is private broker.