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Thread: MillionDollarPips

  1. #1
    Administrator admin's Avatar
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    Lightbulb MillionDollarPips

    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
    Last edited by admin; 09-18-2012 at 08:35 AM. Reason: update

  2. #2
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    Hi, anyone know what does this mean:
    2012.09.16 22:23:41 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: WARNING M5 Graph gap found 2012.09.17 00:27 offset:6

    (i see it in Metatrader, Experts tab, I mean Warning: gap found.. This is meant as a warning that broker can be unreliable or dont have good data..?)

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