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 | 117646.90 | |||
| 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:
Hi Spinivasan
I suggest that you direct your questions to the Publishers of Million Dollar Pips, rather than to this website.
Hello guys,
Does anybody have issue with swvps?25/5/2012 of friday i cant asses my vps.
please guys help me out.
Just checked. Mine are working fine.
I got a new email about William Morrison’s new EA system.. Is it worth it to check it out? Has anyone checked out his two latest EA’s?
I checked the site but I don’t think I will try my self. I have lost trust on him since his previous creations – FFM and Forex Replicator.
He has no time to update MDP and just keeps launching new EA. All EA programmer are untrustworthy.
forex peace army have issued a red alert on this one!! his last product fast forex millions was crap and mdp is erratic now so i will stay away from this one time very successful guy.
Hello cam,
It is possible for MDP to work the same account with megadroid? And my MDP on pepperstone fx is not doing well,this friday 30/5/2012 it traded 11 trades and lost 7 trades while on think forex it traded 5 trades and made all, what do you think is happening?
Yes, it can work with MD fine. I have turned it off after it started heading south.
Hello cam,
Good day to you and all the members of this forum
Please cam,i have finally change to think forex but my far is that will mdp on think forex work while using swvps? is any body using it?
If this has such great results then why isn’t it live?
Hi Chilli, it was live for a long time, but then it started to head south after the brokers changed the game. Now only a few are running it live and keeping quiet about their combinations.
Live is not working that well as it looks like on demo.
Very hard to find good broker for this EA. I haven’t seen any live account from the vendor, that shows how confident he’s with his own EA.
Live is not working that well as it looks like on demo.
Very hard to find good broker for this EA. I haven’t seen any live account from the vendor, that shows how confident he’s with his own EA
.
This EA has grounded 2 of my live account after I thought I have perfected the usage on demo accounts. Its cheap, but an absolute waste of the few $$$s for which it sold. Someone to prove me wrong.
hi guys,
am so worried about this as well,my account is fast going down and the vendor refused to talk good thing.please what next can we do?
oluclay007, I would suggest turning it off, I cant get it to make a profit.
Thanks jon, i have to turn it off now,this EA almost cripple me i have lost 60% of my capital since NOVEMBER 2011 up to date and i dont think i will continue with this EA,i complained to the vendor hear his word.
“Also please let them know I’ll be announcing a good broker with a special feed for MDP soon.”
Though a lot of things contributed to this,the economics crisis in Europe and the broker pepperstone fx
all this contributed to the fall of this EA.
Hello Cam,pls which ea do you think can make profit? pls do not hesitate to reply.
I think the ones in my Graduate section and Live Trials can make profit along with Power Forex Strategies, FX Phantom, FGB and Envy (but with careful Money Management).
Hope this helps.
Hello Cam..
How do you do:??
If suppost i invest $500,
and attach Mega droid EA, with 0.01 lot and 0.03 risk factor. Then approximatly, what percent can i get monthly return. Please rply your opinion, what according to you.
Thanks
Ashish Rathod your Indian Freind
From memory you’ll be trading 3% or your account as this overrides the Lot size you input. So it’ll ignore 0.01 Lots and instead trade 0.03 risk factor which is the same as 3% risk, so you’ll risk 3% of your account with each trade and the SL will be about 60 pips max… not sure on the math, but you should be able to work it out from there.
Thanks very much Cam.
But it would be better if you tell me about the monthly return on this $500 amount.
Your Indian Freind Ashish Rathod
I can’t predict it unfortunately, it could be negative if the month has a losing trade. Best bet is to open a demo account and watch it for a month, then you can gauge if you are happy with your level of risk.
Thanks Very Much Mr. Cam
I will try it on demo.
Your Indian Freind Ashish Rathod
Hi all, is mdp making any money at the moment? I took mine off my account when it lost 30% of the balance
hi, cam
MDP and it related are not reliable for now may be our colleagues should keep away from them.
have you tried Infra pips meta trader Expert advisor?
please cam let us try this ea and see if is reliable.
Thanks Oluclay, I’ll check it out and see if it’s worthy.