New Forex EA, Million Dollar Pips, by creator William Morrison, is a scalper robot that aims to explode your accounts profit is a short period of time without huge draw down or unreasonable risk.
Sounds too good to be true, but the back and forward tests I’ve seen don’t lie. It reminds me a lot of Wall Street Forex Robot. As always, time will tell.
So, what are the key things to consider with if you use Million Dollar Pips.
- Trades EURUSD M1 Chart
- Opens multiple trades at once
- Option to open less trades
- Trialling Stop Loss recommended but optional
- Optional pair USDJPY
Let’s see how it goes in the lab:
Test 1: Vendor Strategy Testing
Not independent. Taken from Vendors site due to technical issues running the back test.
Currently running Million Dollar Pips on Alpari UK, testing started on 13th June 2010. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 154591.18 | |||
| View our Million Dollar Pips Demo Test Statement | ||||
Currently running Million Dollar Pips on Gomarkets “Real Money” Standard account. Testing started on 11th August 2011:
Million Dollar Pips is primarily dependent on the broker you use and the latency to the broker via your home PC or VPS. The best results have been found when using brokers with low spreads on EURUSD, with a PC or VPS connecting to the brokers closest Data Center in less than 35-40 milliseconds.
Lab Result:
4 positive user reviews 
0 negative user reviews.
For me MDP made nice profit again today. So I am not sure how you guys are using it, but for me it is ok.
Sure, it has some loosing trades, and winning trades as well. Overall was profitable again. Yesterday it has a small trade but winning trade.
hello gabor. mine made a load of trades today but mostly losing for a change. what settings have you got yours set to?,marka.
All default except:
FIFO – FALSE
RISK – I set my own risk
Group_Orders – TRUE
cheers but have forgotten default settings! is it no: of orders 0, max sim 8, add channels 4? something like that?
Gabor, if you can make a profit from mdp, thats brilliant, and its more than the rest of us can!!
Hi Cam, just a thought and you may have tried this before, but have you ever consided doing a 10K experiment, run 2 or 3 EAs with a starting bank of 500 each on a live account, and try and get them to achieve a 5 or 10k profit, you could tweek the settings and change EAs if not working, and post the updates on the website. we could follow you with the same EAs and try to try and achieve the same goals. It could be fun and profitable for all of us. Anyway its just an idea!
Thanks Jon, great idea!
I’m just about to send out a survey about another idea I have and will think about your suggestion also.
Hi Cam, Just completed your survey, and my idea, although it wont produce any additional revenue, could go a long way to showing that changing the default settings can make an EA a lot more profitable, and therefore work hand in hand creating more interest in your idea.
I don’t Have VPS . and My Server Buy&Sell Not Success , My Server Not Fast , I Want My Robot has System Stop Lost ….
Hi MY Problem, take a look at megadroid, its proven and does not need a vps, it wont make you rich though!
another brilliant day for mdp! keep it up!
Hi Cam:
I would like to try with a micro live account in Alpari UK and use a VPS. Could you recomend to me some one with a good performance, near the Alpari UK servers?
And you say the optimal VPS connecting to the brokers closest Data Center in less than 35-40 milliseconds, how could I check this?
Thanks
Hi Donlao
You will need to check the spread om Alpari Micro account, it averages about 1.6 pips, and minimum 1.0 pips, which is higher than a lot of others.
Good luck.
Hi Donlao
I would think twice about using Alpari for MDP, they have far to many re quotes
to test the speed do a ping test to their ip address using a command prompt.if using a vps then you can ask them to do a ping test to your brokers ip address.
Howz about this for an idea.Maybe 100 of us band together and use the best proven EA on a live ac pooling our small individual principal amount into a large balance and multiplying our profits.
Can somebody suggest this to the makers of these EAS and let us subscribe to live account managed by them.Large profit potential with little risk.
Can anybody add value to this idea?