I have recently ordered this Expert Advisor - Million Dollar Pips. This EA (default basic version) works on EUR/USD chart 1M. I have discovered good results on ThinkForex and also i have this EA on Pepperstone Razor Account.
I will see what this EA will do. (EDIT: So i see, after 6 months on Pepperstone and Thinkforex, there is like 20% loss on both. I also have it on FinFX where it gets good results, see my MillionDollarPips config on the bottom of this post)
My MDP robot settings on FinFX:
Configuration================= Configuration
Show_Diagnostics=0
Show_Debug=0
Verbose=0
Silent=0
NumOrders_Level_Info_1=Range of 0..4, adjusts Number of Trades
NumOrders_Level_Info_2=0=Max Profit% 4=Max Num.Trades/Rebates
NumOrders_Level=1
Additional_Channels_Info_1=Range of 0..8
Additional_Channels_Info_2=Safely improves trading frequency
Additional_Channels=4
Slippage_Info_1=Lower value improves profit rate,
Slippage_Info_2=higher: trades more but less accurately
Slippage_Info_3=(in traditional pips)
Slippage=0.50000000
Username=***
Magic=***
Max_Simultaneous_Orders=8
FIFO_Info_1=if Simultaneous_Orders>1 ,
FIFO_Info_2=u.s. citizens should turn it on
FIFO_Info_3=(required for NFA compliance)
FIFO=1
OrderCmt=MDP_EURUSD_1.2.0
Pessimistic_Testing_Info_1=Simulate bad live account conditions
Pessimistic_Testing_Info_2=during backtesting (i.e. Slippages)
Pessimistic_Testing_Info_3=(this has no effect in FIFO mode :
Pessimistic_Testing_Info_4= +turn off FIFO for "optimistic")
Pessimistic_Testing=0
Funky_Exit_Info=Exit trades sooner
Funky_Exit=1
AutoApply_ECN_Info_1=Use ECN account settings automatically
AutoApply_ECN_Info_2=when ECN conditions detected
AutoApply_ECN=1
Money_Management=---------------- Money Management
Min_Lots=0.00100000
Max_Lots=1000.00000000
Risk_Info_1=Fixed risk % of balance per order
Risk_Info_2=NOTES :
Risk_Info_3=- if/when Group_Orders=true, one trade
Risk_Info_4=consists of more logical orders with
Risk_Info_5=this risk %, respectively
Risk_Info_6=- Trading volume is very variable
Risk_Info_7=as stop losses are in different distances
Risk=0.10000000
Risk_Mode_CommPips_Info_1=Risk is commensurate with target pips
Risk_Mode_CommPips_Info_2=otherwise it's only determined by %
Risk_Mode_CommPips=1
Group_Orders_Info_1=Group bunch of orders into one trade
Group_Orders_Info_2=if possible, reducing server
Group_Orders_Info_3=communication overhead
Group_Orders=0
SL_TP_Trailing=---------------- SL / TP / Trailing
Trailing_Resolution_1=Trailing stop moving resolution in traditional pips
Trailing_Resolution=0.50000000
Use_Stop_Orders_Info_1=Set true if 1) your broker doesn't deal with
Use_Stop_Orders_Info_2=opening slippage when executing STOP orders
Use_Stop_Orders_Info_3=and 2) broker stop level is <= 5.0 pips
Use_Stop_Orders_Info_4=(not recommended over 3.0 pips)
Use_Stop_Orders=1
Hard_Stop_Trailing_Info_1=Trailing hard Stop/Loss and Take/Profit
Hard_Stop_Trailing_Info_2=Otherwise, doing it in programmatic manner
Hard_Stop_Trailing_Info_3=and SL/TP is just for covering
Hard_Stop_Trailing=1
3 Months MDP trading on FinFX ECN live $3000 account (not Pro):
Net Profit:+6.81%
Daily: 0.03%
Monthly: 0.76%
Max. drawdown: 3.17%
Regarding Support: It is very good. Your inquiries are replied within around 12-48 hours by email.
Regarding moneyback guarantee: It is very good. You can get money back within 60 days of usage.
Do you have any brief experience with Million Dollar pips (especially on live accounts)?
THX