Million Dollar Pips

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Million Dollar Pips v1.6

Expert Advisor

4.8/5

908 total votes.

A Sold-Out Expert Advisor!

Be aware that this Forex robot is extremely sensitive to the spread and the broker execution and to the delay of transmission between the VPS and the broker. Million Dollar Pips will NOT run perfectly with the majority of brokers and there is no good setup for it known until now.

Trading Idea

Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another. Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another.

Specifications

NFA compliance

Full (FIFO setting has to be enabled).

Refund policy

30 days, no questions asked.

Supported Currency Pairs

EUR/USD, USD/JPY, GBP/USD (Each Paire is traded via a separate version of the EA that worth $99)

MetaTrader Chart Timeframe

About

Million Dollar Pips

Reviewed By

MyFxBots Admin

Last Reviewed On Fri, 18 Oct 2013

Live Trading
Backtests

Live Performance

Demo Account

Million Dollar Pips System

Started On

May 05, 2011

Leverage

1:200

Broker

ThinkForex

Starting Balance

$$1200

Total Gain

+26241.17%

MyFxBook (Test Hoster)

Live Test Summary

Started On

May 05, 2011

Account Leverage

1:200

Profit Factor

1.19

Total Gain

+26241.17%

Absolute Gain

+26241.17%

Monthly Gain

12.60%

Daily Gain

0.35%

Total Pips

5202.2

Total Trades

4497

Profit Amount

$262411.71

(%) Won Trades

5202.2

Drawdown

39.44%

Official Website

Backtests

This backtest was run using Dukascopy tick data with a 1.5 fixed spread and all the EA default settings values. The results were amazing although with a considerable drawdown that could be due to the use of default risk, but backtesting this EA especially may not be pragmatic due to the very low pip targets. The main fact is that it will have a very different behaviors from one broker to another and running it in a backtest with Dukascopy data is completely irrelevant if it's not connected to a Dukascopy account.

Million Dollar Pips 1.6 2007-2011 tick data, spread 1.5, default settings

View Full Backtest

Backtests Settings

Symbol

EURUSD (Euro vs US Dollar)

Period

1 Minute (M1) 2007.03.30 16:01 - 2011.08.05 19:59

Broker

Model

Every tick (the most precise method based on all available least timeframes)

Parameters

Configuration="================ Configuration"; Show_Diagnostics=true; Show_Debug=false; Verbose=false; Silent=false; NumOrders_Level_Info_1="Range of 0..4, adjusts Number of Trades"; NumOrders_Level_Info_2="0=Max Profit% 4=Max Num.Trades/Rebates"; NumOrders_Level=0; Additional_Channels_Info_1="Range of 0..8"; Additional_Channels_Info_2="Safely improves trading frequency"; Additional_Channels=1; Slippage_Info_1="Lower value improves profit rate,"; Slippage_Info_2="higher: trades more but less accurately"; Slippage=3; Username=""; Magic=112226; Max_Simultaneous_Orders=8; FIFO_Info_1="if Simultaneous_Orders>1 ,"; FIFO_Info_2="u.s. citizens should turn it on"; FIFO_Info_3="(required for NFA compliance)"; FIFO=true; OrderCmt="MDP_EURUSD_1.1.6"; Pessimistic_Testing_Info_1="Simulate bad live account conditions"; Pessimistic_Testing_Info_2="during backtesting (i.e. Slippages)"; Pessimistic_Testing_Info_3="(this has no effect in FIFO mode :"; Pessimistic_Testing_Info_4=" +turn off FIFO for "optimistic")"; Pessimistic_Testing=false; Funky_Exit_Info="Exit trades sooner"; Funky_Exit=true; AutoApply_ECN_Info_1="Use ECN account settings automatically"; AutoApply_ECN_Info_2="when ECN conditions detected"; AutoApply_ECN=true; Money_Management="---------------- Money Management"; Min_Lots=0.001; Max_Lots=1000; Risk_Info_1="Fixed risk % of balance per order"; Risk_Info_2="NOTE : Trading volume is very variable"; Risk_Info_3="as stop losses are in different distances"; Risk=1.5; Risk_Mode_CommPips_Info_1="Risk is commensurate with target pips"; Risk_Mode_CommPips_Info_2="otherwise it's only determined by %"; Risk_Mode_CommPips=true; SL_TP_Trailing="---------------- SL / TP / Trailing"; Trailing_Resolution=5; Use_Stop_Orders_Info_1="Set true if 1) your [link][/forex-brokers.html][broker][df] doesn't deal with"; Use_Stop_Orders_Info_2="opening slippage when executing STOP orders"; Use_Stop_Orders_Info_3="and 2) [link][/forex-brokers.html][broker][df] stop level is <= 2.0 pips"; Use_Stop_Orders=true; Hard_Stop_Trailing_Info_1="Trailing hard Stop/Loss and Take/Profit"; Hard_Stop_Trailing_Info_2="Otherwise, doing it in programmatic manner"; Hard_Stop_Trailing_Info_3="and SL/TP is just for covering"; Hard_Stop_Trailing=true;

Bars in test

1610964

Ticks modelled

56219367

Modelling quality

99.00%

Initial Deposit

$10000.00

Spread

Backtests Results

Total net profit

149692548.28

Gross profit

237886860.68

Gross loss

-88194312.40

Profit factor

2.70

Expected payoff

11540.56

Absolute Bal DD

6138.15

Maximal Bal DD

4125000.00 (9.74%)

Relative Bal DD

63.67% (8884.05)

Total Trades

12971

Short positions (won %)

8884 (46.48%)

Long positions (won %)

4087 (46.37%)

Profit trades (% of total)

6024 (46.44%)

Loss trades (% of total)

6947 (53.56%)

Largest Profit trade

569000.00

Largest Loss trade

-95000.00

Average Profit trade

39489.85

Average Loss trade

-12695.31

Maximum consecutive wins (profit in money)

55 (1606.65)

Maximum consecutive losses (loss in money)

83 (-1236.85)

Maximal consecutive profit (count of wins)

5722000.00 (19)

Maximal consecutive loss (count of losses)

-2370000.00 (44)

Avarage consecutive wins

Avarage consecutive losses

Official Website

Download the backtest file (compressed)

0 Comments

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.

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