Million Dollar Pips

[Johnnykanoo]

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%



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]

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]

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]

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]

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]

Originally Posted by Johnnykanoo

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]

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]

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]

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]

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