Million Dollar Pips (By milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Trades | 4497 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Million Dollar Pips Discussion
Member Since Aug 12, 2011
40 posts
Mar 07, 2012 at 16:04
willgart posted:
hardstoptrailing is also an important security feature.
if there is any connection issue, the SL well save the trade.
imagine you start going in the right direction and you loose the connection to the broker.
if the SL was moved then the trade will be stopped in profit.
if you do not have the SL moved before the disconnect, you can loose a lot!
also this option helps the trade when the connection is slow or if the broker is slow to execute your commands. the SL is managed on the server side and this reduce the latency to close the trade. so again, this will helps MDP closing with (maybe) better profit or less losses.
The protection against the platform freezing is probably the most important thing. I looked at Gary's account and he is doing better than mine this year so I am not so sure whether it increases profitability or not too much.
On two occasions in the last 6 months the platform had froze for at least 5 minutes. Luckily the trades went in my favor but if they went the other way without the trailing stop it could have been disasterous....
Dan
Mar 07, 2012 at 16:30
Let's see something even more interesting.
I made 3 parallel backtests of the whole year of 2011. I used standard settings of the 1.16. On live accounts, as we know, we cannot use FIFO and Hard_stops in the same time. But in the back-tests we can... So here are the results:
3rd place: FIFO=true and Hard_stop=false (manually set).
2nd place: FIFO=false and Hard_stop=true. Profit factor: 2.92, DD=18%
1st place: FIFO=true and Hard_stop=true (manually set). Profit factor: 3.1, DD=13%
The difference between 1 and 2 is small though. For a few months they run head-to-head, with a small plus for the 2nd place. But in august 2011, 1st place catches back and although the curve allure remains identical, the 1st place gets ahead more and more (in profits more than in pips) because of bigger lot sizes. I really don't know how it will work in real life. Perhaps better leave Hard_stop=true...
I made 3 parallel backtests of the whole year of 2011. I used standard settings of the 1.16. On live accounts, as we know, we cannot use FIFO and Hard_stops in the same time. But in the back-tests we can... So here are the results:
3rd place: FIFO=true and Hard_stop=false (manually set).
2nd place: FIFO=false and Hard_stop=true. Profit factor: 2.92, DD=18%
1st place: FIFO=true and Hard_stop=true (manually set). Profit factor: 3.1, DD=13%
The difference between 1 and 2 is small though. For a few months they run head-to-head, with a small plus for the 2nd place. But in august 2011, 1st place catches back and although the curve allure remains identical, the 1st place gets ahead more and more (in profits more than in pips) because of bigger lot sizes. I really don't know how it will work in real life. Perhaps better leave Hard_stop=true...
Member Since Aug 12, 2011
40 posts
Mar 07, 2012 at 17:17
Pianosso,
Did you use 1 minute data or every tick data?
I don't think 1 minute data would accurately reflect the function of the trailing stop.
Did you use 1 minute data or every tick data?
I don't think 1 minute data would accurately reflect the function of the trailing stop.
Member Since Dec 15, 2010
795 posts
Mar 08, 2012 at 07:40
Mostly default with fifo to true. All members are set this way.
Click on my Name to see My Live Charts and Bio.
Mar 08, 2012 at 11:41
I am in 100% agreement with this article. https://www.forexpeacearmy.com/forex-forum/forex-articles/19170-more-brokers-slapped-cftc-their-crime-daring-accept-us-traders.html
Make losses, but always come out a winner at the end.
Member Since Aug 15, 2011
117 posts
Mar 08, 2012 at 13:47
Yippee! MDP is worth the wait! Thank you Mr. Draghi! + 6.6 % on 1st account.
To be continued?! 😎
Cheers Fred
To be continued?! 😎
Cheers Fred
Member Since Aug 16, 2010
453 posts
Mar 08, 2012 at 14:51
8 order configuration traded 2 times, first batch lost and second won, net positive, 3 order configuration traded ONLY 1 time, all won. Good day.
Was mich nicht umbringt, macht mich stärker.
Member Since Feb 28, 2012
29 posts
Mar 08, 2012 at 14:54
No trade for me at IBFX AU, hope I'll get some profit soon too.
To become old and wise you have to be young and stupid first.
Member Since Jul 04, 2011
27 posts
Mar 08, 2012 at 15:52
Little help here. Every once in a while MDP does not give me 'speed line' in my on-screen stats. Everything else is there just none of the times for opening, execution...etc....the whole line is just missing. Anyone else have this problem? I did not get the 1-2 trades that almost everyone else got today. Thought it might have something to do with it. The EA IS running. Thanks in advance.
Member Since Aug 15, 2011
117 posts
Mar 08, 2012 at 16:05
(edited Mar 08, 2012 at 16:07)
It seems like the signal wasn't very strong today, as I also got a mixed number of trades on my three accounts: 4 trades, 1 and nil.
And the third account has the lowest spread!
@Eddie: Any errors in the trading-journal?
@Greg: I know this happens when you set up a new account or have reset MDP with the reset-script. Because these times are measured while MDP is trading.
Fred
And the third account has the lowest spread!
@Eddie: Any errors in the trading-journal?
@Greg: I know this happens when you set up a new account or have reset MDP with the reset-script. Because these times are measured while MDP is trading.
Fred
Member Since Jul 04, 2011
27 posts
Mar 08, 2012 at 16:29
Thanks fred. I did have to restart MDP over the weekend when my VPS shut down for maintenance. So you're saying as soon as it trades that line should pop back up?
Member Since Aug 15, 2011
117 posts
Mar 08, 2012 at 16:47
Yes it should. Did you use the reset-script? Because if not, even when restarting the Metatrader terminal, the speed-values will appear again after applying MDP to the chart. That is because MDP saves all the values to permanent variables of Metatrader. But maybe they couldn't be saved properly when shutting down the VPS?!
Anyway, if there are no errors, you don't have to worry.
Good luck
Fred
Anyway, if there are no errors, you don't have to worry.
Good luck
Fred
