Hi guys,
I’m thinking of buying Million Dollar Pips. But i stay in India and my spread for EURUSD is around 3 pips (which is the least they offer here). Is it recommended to use this EA?
Also, would you like to suggest another EA (scalping) which suits high spreads.
Thanks.
here is what i have to say about this bot.
1-the vendor doesn’t have a real account on it, that means he doesn’t trust his own money on it, so why would you?
2- the results are not like advertised everyone is getting different results, yet nobody has gained a huge amount of money like their website claims it would be.
3-this bot is very broker and conection sensitive so you should pick a low spread broker and a vps service that minimizes the connection latency times. could be a pepperstone razor account, with a beeks vps in NY.
about other bots. i only run the ones that are using real account on its forward test, the more money they put on it, the more i trust them because that shows confidence of the developer on its own product.
im running live: forex real profit - kangaroo EA - and Magic champ 2 ( i have this one disabled for the moment)-
and about the high spreads, whats your broker? try to get an ECN broker that doesn’t play against you and offers lower spreads.
regards.
This “bucket shop” money maker trashing is always done by failed traders. It is about time we stop talking antiquated nonsense regarding forex and brokers. They trade against you? Fine. So they automatically win? No. Also, this methodology was needed when money maker brokers did not have adequate and speedy liquidity providers that they have today. So, they all comfortably earn off of the spread with plenty of huge bank liquidity providers at their disposal. ECN on the surface seem to make sense but they have spread + commissions which eat away at your earnings. A reputable broker is all you need to trade. And stop listening to failed traders already. Failed traders are very easy to spot. Avoid them.
jonnnyrich007
May i recommend something to refresh your mind about brokers playing against you? FOREX PEACE ARMY!
take a look and speak then!
spread + commisions take away your profit? maybe you are not wining enough, so who is the failed trader.
Then again I’m not a guru at all, just wanted to help somebody as many people helped me here on the past. if you are such a genius give the guy some suggestions about brokers, strategies and what he needs and stop bashing others, is not as useful as you think and definitely doesn’t make you look smart, just resentful.
i don’t want to let out my short temper as i had a nice day today, so this conversation is over for me.
“This “bucket shop” money maker trashing is always done by failed traders. It is about time we stop talking antiquated nonsense regarding forex and brokers. They trade against you? Fine. So they automatically win? No. Also, this methodology was needed when money maker brokers did not have adequate and speedy liquidity providers that they have today. So, they all comfortably earn off of the spread with plenty of huge bank liquidity providers at their disposal. ECN on the surface seem to make sense but they have spread + commissions which eat away at your earnings. A reputable broker is all you need to trade. And stop listening to failed traders already. Failed traders are very easy to spot. Avoid them.”
I agree with this.
I was discussing with FinFx customer service today. They told you can hire VPS by 60 euros in a month and it is located in same building with their servers. For ECN accounts execution times varies from 250-300 ms and ECN pro 150 ms and faster. I think these numbers are pretty good for MDP.
Only thing before buying MDP and moving it FinFx servers I still wonder are comissions. Spreads are pretty low, but what do you think about comissions: ECN: 7 USD / 1.0 lot ja ECN Pro: 6 USD / 1.0 lot Are these too high for MDP?
I traded this EA about a year ago. It made a heap of money, but then gave it all back as the liquidity in the market dried up.
I’ve heard from other traders that it’s making money again so I’ve decided to turn it back on.
Has anyone else had a similar experience and is making money with this again?
It happened the same to me some time ago. Never try it again. Let us know if its working now.
Hello guys, I am new here this is my first post.
Any news about its progress on real account now ?
I didnt get any trades yet.
I tried to contact William to send me the 1.1.6 but no answer so far, not a good start 
Let us know how it goes.
Only 2 deals opened at once and closed in 3 mins and no trades til now, and he sent me email marketing a new EA while he didnt answer my old post yet!!
Thanks for the report!
Hello There,
I’m trading with MDP @ icebergbrokers.com
The provided execution time is quite impressive, under 900 ms. No re-quote or off-quote.
I’m very satisfied with them…
How are MDP results with Armada Markets? Has anybody tried them? I am using a correlation algo with them and execution has been so far pretty good.
this is must be one of good thread, hope to learn more about ea…
im not a techie anyway …
Bestinvestment, its slim pickings here if you are looking for even an average investment. Million dollar slips or its 6 fingered cousin Thor 2 are a waste of time.
Only failed traders love coming in here giving useless advice. Again, that is proven on forums. You are the one who sound bitter and resentful. I mean, you are the one who believe in bucket shops and stop hunting right? I don’t. And having traded on ECN, it is a waste of time and money in commissions. Yes, ECN has both commission and spread in case you did not notice. It is obvious you are both failed and with short temper. And sure you won’t respond. And you quote Forex Peace Army as a reference? Sad. Just simply sad. Brokers play against you? So that’s why you failed? Due to bucket shop brokers stop hunting on your specific account? I see.
Spread and commission need to keep low, otherwise it do eat your profit
And also the execution time should be fast. Less than 1000 ms. @ Iceberg Brokers MDP trades with 1,5 pip spread and high-speed executin.
Have to agree with you in respect to using FPA as a reference is pretty poor given their reputation. But Arbo is a pretty nice guy and definately tries to help people. You know if you two met in person you might even get on well