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-   -   Million Dollar Pips (https://www.forexlasers.com/forums/expert-advisors-robots/1230-million-dollar-pips.html)

Johnnykanoo 16-07-2011 18:22

Million Dollar Pips
 
Okay here is an ea that has been on fire lately. Million Dollar Pips

Okay for starters how about some stats?

Since July 7.2011 (9 days ago)

52 trades: 34 winners 18 lost. Risking 1.5% and with a risk:reward of 1:1.18 meaning that you risk 1.5% but your winners earn around 1.77% per trade.

In theory it would look like this 34 winners x 1.77% = 60.18% - 27% (18 losers times 1.5%) for a rough total of around 33% in about 2 trading weeks. This is really just an approximation. My actual growth has been 37.34% in about 2 weeks. On a monthly basis my account is earning 71.1%

http://www.myfxbook.com/widgets/131052/mini.jpg

This ea is really incredible, but I have a way to make even more money for us. I want to show you something....

I opened an account with hotforex as an affiliate and than signed myself up under my link. Now I get 60% commission on all my trades. Last I looked I had earned $109 on my $600 account! That is 18% in 9 days. My rebates alone are making more money than most traders lol!!! Just kidding.

A lot of people in forex tell you things like oww if he was so successful why does he sell robots, or oww why does he market himself if he is so rich? I think of it as diversification. I never blame anyone who trys to make money. If you have a great product than awesome I hope you get rich. Just don't sell me crap. That is why I like clickbank. They will give you a refund up to 60 days no matter what. I have never ever had a problem getting my money back and believe me I must have asked for a refund 40 or 50 times over the past years.

So this account has a growth of 71% a month and approximately 36% growth if you include the 60% rebate. This is why I get excited, its like even if this robot breaks even I still earn 36% Its a no brainer! and if MDP has a strong month and you earn 71% than guess what you have basically doubled your account!

I'll post more tomorrow but ZI am really excited about this ea. I'm serious, this ea may be the one that takes me over the top! No matter what happens you guys will get my honest no bull doonkie review of how this ea is running, how she's performing. Whats the worst drawdown. Everything. I always run live right away. I just use a small account and see how things go in real trading conditions.

This ea will be very very sensitive to your broker's price feed and spread. You have been warned!! If you have big spreads you will get less trades and less profit. Hotforex currenex is doing great. I hear finfx is pretty good. I will be trading on hf currenex only and my results will come from there.

Anyone else testing this one I would love your results. Just make sure to tell us what broker you are using.


net total of 212.7 pips

Johnnykanoo 16-07-2011 18:26

I'm sorry I don't want to be misleading the account above is my main test account and it has wallstreet and steadywinner running live with it. MDP is actually resposnible for 26.54% account growth for 9 days and a monthly return of 50.5% (projected based on my 9 days of results)

I will keep you guys updated.

Johnnykanoo 19-07-2011 14:39

Okay guys I wanted to share my strategy for earning a lot more money with this ea.

This ea has been performing well so far. It has had 53 trades and a net pips of +208.6 That is not bad!!! In my account it has earned around 25% so far in under 2 weeks. Here is the great part I also earned 60% commission on my trades. Overall my commisions in this one account have grown to a over $113 on an account that is presently $812 or about 14% of my account!

so right now I have a net total gain of around 40%

That is my goal number per month right there!

So the easy way to get these back end earnings is to sign up as an affiliate http://tinyurl.com/Hot-Forex-Affiliate

Once you sign up and get approved as an affiliate, you than simply open a trading account through your own link and you will earn 60% commision on all your trades.

I also want to add that this is perfectly legit. As far as I know there is no problem with opening an account under your link, but if you are not sure I suggest you ask hotforex.com support. If you want to be on the safe side perhaps use a different email address.

[COLOR="Red"]**I just checked through there whole website and I don't see anywhere that says you can't sign up under your own link.[/COLOR]

But again if your not sure check with them.

Once you are signed up as an affiliate, then you open your trading account. This part is surprisingly easy. I have signed up for literally 15-20 different brokers and I can say with confidence hotforex makes it easy. You fill the app online than you scan and securely send some id an proof of residence and they approve you within minutes.

Now your ready to fund your account. You can use credit card or an any of a number of other ways to fund.

Right now hotforex is offering a 50% matching bonus. It is a sweet deal but Be careful. Remember there is no such thing as a free lunch. This bonus also makes you a little over leveraged at first. It can be deceiving when you are figuring out your risk. In reality at first you end up risking 50% more by accident. Here's why...

You open an account and they give you a bonus, but you must "qualify" before you could ever withdraw it. I believe the way to "qualify" is basically you have to pay out in commissions what the value of the bonus is before you can keep it. So even though it's in your account, if you were to be near margin call without it, you would be near a margin call period! However as you can see MDP trades quite frequently and you will meet the required trades in no time. The easiest way to avoid over leveraging your account until the bonus "clears" is to pretend the bonus is not there and set your risk lower at first. For MDP you would risk 1 instead of 1.5

So you get a bonus and you get 60% commission. It all works out.

If you decide being an affiliate is not for you, than you can still enjoy the bonus and very low spread by signing up for a regular hotforex account. http://tinyurl.com/hotforex-com


So that is my strat. It is a part of why I love MDP.

I will talk to you soon...

aharon.amir 20-07-2011 06:57

MDP Settings
 
Hi Johnny,
Can you share with us your settings of the MDP, because I also have the
latest version of the MDP ( which is 1.6) , tested it over a month now,and it did not make as many trades as your's did in 9 days nor the profit was that good.
I used the default settings, with the slipage of 3.
Thanks in advance.

Johnnykanoo 20-07-2011 21:46

Broker: hotforex currenex live

NumOrders_level 2
additional_channels 0
Additional_just_duplicates true
slippage 3
Max_Simultanious_Orders 8
FIFO false
pessimistic_testing false
Funky_Exit false
min_lots .001
max_lots 1000
risk 1.5
trailing_resolution 5.0
Use_Stop_orders false
Hard_Stop_Trailing false

Do you have FIFO set to true? I think it was true by default but if you don't need to comply with the NFA than just make that false.

aharon.amir 21-07-2011 07:13

Quote:

Originally Posted by Johnnykanoo (Post 9703)
Broker: hotforex currenex live

NumOrders_level 2
additional_channels 0
Additional_just_duplicates true
slippage 3
Max_Simultanious_Orders 8
FIFO false
pessimistic_testing false
Funky_Exit false
min_lots .001
max_lots 1000
risk 1.5
trailing_resolution 5.0
Use_Stop_orders false
Hard_Stop_Trailing false

Do you have FIFO set to true? I think it was true by default but if you don't need to comply with the NFA than just make that false.

Thanks johnny,
I've adjusted my EA , Did not have "Additional_just_duplicates" maybe it's not
in the latest version.
Thanks a lot.
:)

Johnnykanoo 26-07-2011 11:17

Hey guys I don't know what happened but I am having issues with mdp not trading on my vps. I don't know why. I can get it to trade on my desktop but for some reason it doesn't like my vps.

Therefore I don't have updated results this week. Next week hopefully we will be back on track.

thanks,
John

Johnnykanoo 29-07-2011 02:51

looks like mdp has come to life again and in 3 days I am +27.2 pips and around 1% gain to my account

Johnnykanoo 29-07-2011 16:26

Okay MDP has costed me almost 15% of my account today. I am not happy at all!!! I did mess with some settings. I am going to reduce my risk much further and if mdp doesn't start being consistent I will drop it from my portfolio. Unbelievable!! I am so unhappy right now. I couldn't get this thing to trade so I changed the number order levels to 3 (now back to 2) Also I had changed additional channels to 2 (which is now back to 0)

I was attempting to get more trades and the end result was 18 trades today and almost all were losers.

aharon.amir 01-08-2011 05:41

I didn't have any trades last week from MDP, the older versions had more
trades.

TheTrainer 01-08-2011 19:28

Oh boy, this program. Heard tons about it http://how2growtaller.com/forexfun.gif

Keep us updated. I've been an avid follower of the hype, but I want to see some real results first.

hoyt2004 03-08-2011 14:42

Quote:

Originally Posted by Johnnykanoo (Post 9743)
Okay MDP has costed me almost 15% of my account today. I am not happy at all!!! I did mess with some settings. I am going to reduce my risk much further and if mdp doesn't start being consistent I will drop it from my portfolio. Unbelievable!! I am so unhappy right now. I couldn't get this thing to trade so I changed the number order levels to 3 (now back to 2) Also I had changed additional channels to 2 (which is now back to 0)

I was attempting to get more trades and the end result was 18 trades today and almost all were losers.

My the their live trading record, the result of the past few days were very impressive.. Did you change their default settings or something wrong with their robot itself?

Johnnykanoo 03-08-2011 14:47

To be honest I am not sure why my results suck but here is what I am doing to try to fix it.

first off I updated to version 1.1.6 (the newest version)

Second I lowered my risk to .5% per channel. I cannot justify losing that much of my account it makes me physically ill.

Rule #1 in forex. Preserve capital!!!

Live to trade another day.

I have updated my settings to ....
Number Order Level=0
Additional Channels=0
Max Simultaneous Orders=3
FIFO=false

I will keep everybody updated

Andrew 03-08-2011 17:12

It's refund time for me. Nearly three weeks of trading and in negative equity. Four stinkers last night losing 8% of account, not as much as John but too much for me.

Johnnykanoo 03-08-2011 17:41

Andrew you got to do what you got to do. MDP could get the ax from me too. This is there last chance. I'll give it a week or so and decide than what to do.

Johnnykanoo 04-08-2011 14:36

Okay the new settings are doing nicely! I have had 6 trades 5 winners and a net total of 42.5 pips

Johnnykanoo 07-08-2011 13:07

MDP is doing really great this week. I don't know if its version 1.1.6 or the settings but I am very happy with these results and I will keep MDP going.

8 trades +74.5 pf 9.01 win rate 90% A.win11.69 A.loss -7.3

aharon.amir 08-08-2011 06:59

I also had a great week , used Johnny's settings and add some more channels.
:)

Johnnykanoo 09-08-2011 13:53

MDP is holding her own

she has won 11 of the past 12 trades since I updated to 1.1.6

alex81 10-08-2011 13:04

hi
 
hello Johnnykanoo

I also have MDP

What you are about ECN and broker are you in VPS.

can you give me a screen to see the details of the diagnostic mode avg for time transaction

thank you

Andrew 13-08-2011 11:55

John, could you email me a screenshot of your EURUSD chart with the diagnostic messages from the EA? I'd like to compare them with mine on ThinkForex where there are several ECN failed messages. Cheers.

fraser438@btinternet.com

ajay 15-08-2011 08:12

MDP
 
hi Johnnykanoo, Pls tell me that should i buy Million Dollar Pips EA.
is it safe to run on small account of $250.
please reply to brijeshsr@gmail.com
pls help me.

rebatesfx 20-08-2011 04:06

Johnnykanoo, thanks for keeping us updated! That's awesome to see. You're a smart man, getting 60% of the revenue back from Hot Forex. I am also an affiliate of Hot Forex and 14 other brokers and offer rebates back. I'm surprised that more traders don't know that they can get these rebates and really help out their bottom line. Like you said, it definitely puts you over the top. I might have to try out MDP, what settings did you find work the best?

Johnnykanoo 21-08-2011 17:46

guys I'm sorry I have been so busy this week. I just got a huge job and it has to be completed before school starts. They want me to wire a third floor full of classrooms before Aug 29 hahha!!!

Anyway I promise to find a way to answer everyone's questions.

Ajay I would say yes MDP is safe just set your risk low to start like .5%

remember controlling risk is over half the battle!

rebatesfx thanks for the kind words.

I'll post a screen shot later for Andrew and alex

Thanks guys. Get ready for a great fall. I can feel it :D

tim428 05-09-2011 17:16

Could you please email me a screenshot of your EURUSD
 
:) John, could you email me a screenshot of your EURUSD chart (Plus The Best Setting on EA Robot) with the diagnostic messages from the EA? I'd like to set my EA Correctly (because I have Many Requotes from Broker) - Thanks. My E-mail: timhufe@hotmail.com

Johnnykanoo 13-09-2011 02:20

guys I'm sorry I haven't followed up with everyone. I get literally dozens and dozens of people always asking me about mdp.

The bottom line is this ea is sensitive and you have to be careful with your settings. I have shared my settings in this thread and so far they have worked well.

Latency and execution times are important but they are not everything. I am successful with my settings on hot forex currenex with an average execution time of 2107 ms

aharon.amir 19-09-2011 07:11

Re: Million Dollar Pips
 
Johnny,
have you tried the new version of MDP?
Did you use the same settings?

Johnnykanoo 22-09-2011 22:23

Re: Million Dollar Pips
 
I have not tried the new version yet. Have you? How is it compared to 1.1.6?

aharon.amir 26-09-2011 19:12

Re: Million Dollar Pips
 
Quote:

Originally Posted by Johnnykanoo (Post 10201)
I have not tried the new version yet. Have you? How is it compared to 1.1.6?

Still Testing, it seems that it do more trades then the previous,
Meanwhile looks satisfying, I used the same settings, did not touch the new additions.

marctrader 05-12-2011 18:06

Re: Million Dollar Pips
 
can anyone tell me if version 1.2 is better than the version 1.1.6?
thanks

luffy89 07-12-2011 00:54

Re: Million Dollar Pips
 
6 Attachment(s)
Hi guys:

I opened a demo account with HotForex 3 days ago, at first day it was trading and made me 17.57 of profit. But then I did not know what I did on the second day it stopped trading!! it been 2 days now and the robot has not made any trades yet!! I have attached the images of my MT4, as you can see done trading has been made and the robot was already activate. there are also pictures about how I selected the input options, please let me know if i have selected some options wrong.

Thanks

luffy89 07-12-2011 00:56

Re: Million Dollar Pips
 
3 Attachment(s)
here are the other pic about my input options settlement!! by the way i am using the newest version of the MDP 1.2.0!!

Johnnykanoo 08-12-2011 10:36

Re: Million Dollar Pips
 
to be honest I have a hard time getting this ea to trade. make sure show diagnostics is true maybe there will be some useful information there.

aharon.amir 12-12-2011 09:16

Re: Million Dollar Pips
 
The EA has a slow month last month but this month it looks fine
I didn't had any problems with it last week, although i have to
say that there were some days that it didn't trade and
there were a few days that the validation server was down.

luffy89 13-12-2011 02:59

Re: Million Dollar Pips
 
Quote:

Originally Posted by aharon.amir (Post 10973)
The EA has a slow month last month but this month it looks fine
I didn't had any problems with it last week, although i have to
say that there were some days that it didn't trade and
there were a few days that the validation server was down.


hey amir,

are you using the new version (1.2.0)? Can you send me how did you edit your inputs choices??? and also which vps are you using?? My EA is not trading at all, its been 2 weeks, please help me!!

aharon.amir 19-12-2011 10:04

Re: Million Dollar Pips
 
1 Attachment(s)
Quote:

Originally Posted by luffy89 (Post 10986)
hey amir,

are you using the new version (1.2.0)? Can you send me how did you edit your inputs choices??? and also which vps are you using?? My EA is not trading at all, its been 2 weeks, please help me!!

Yes I am using the new version, I have attached the preset file,
I am not using any vps, i am using my PC at home as a vps.
Hope this helps

Gracyfx 20-12-2011 06:06

Re: Million Dollar Pips
 
thanks for sharing your strategy.

frxtrade 27-12-2011 09:36

Re: Million Dollar Pips
 
Quote:

Originally Posted by aharon.amir (Post 9754)
I didn't have any trades last week from MDP, the older versions had more
trades.

Hi,
I am trading forex manually and with robots too.
Have you tried fxvoodoo EA.
I am using fxvoodoo EA + fxvoodoo-supplement EA
both are working very nice.
In combination they trade continuously.

frxtrade 27-12-2011 09:38

Re: Million Dollar Pips
 
Quote:

Originally Posted by luffy89 (Post 10908)
Hi guys:

I opened a demo account with HotForex 3 days ago, at first day it was trading and made me 17.57 of profit. But then I did not know what I did on the second day it stopped trading!! it been 2 days now and the robot has not made any trades yet!! I have attached the images of my MT4, as you can see done trading has been made and the robot was already activate. there are also pictures about how I selected the input options, please let me know if i have selected some options wrong.

Thanks

What broker do you recommend to use MDP ea

firekids 06-01-2012 09:19

Re: Million Dollar Pips
 
:confused: dont know why my MDP cannot run at all? i try in few MT4 platform, like hotforex, alpari, Thinkforex, all is under demo account but don't have any trade open by the Robot do i need set anything on it? hope guys can help me up on this issue. Many many thanks for the help guys.


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