Million Dollar Pips (By milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Trades | 4497 |
| Won: |
|
| Lost: |
|
| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Million Dollar Pips Discussion
Member Since Mar 16, 2011
61 posts
Oct 26, 2011 at 06:13
(edited Oct 26, 2011 at 06:13)
fughe posted:
willgart posted:
Well... this EA is supposed to be profitable!
so why do we have to 'loose' our time trying to find the best results? or paying somebody to find the correct setup???
What we looking for is simple: give us a preset file for each broker or type of broker on the market (ECN, non ECN, with or not off quotes issues)
or if the dev. is smart... he should integrate this in its code!
or at least a better documentation explaining each parameter in detail.
Does anybody knows exactly what the channel parameter does? and the others?
When I pay for a product I except to be able to use it at its maximum capabilities out of the box.
Maybe you don't realize this, but what you are asking for is a managed account. You want someone to spend many thousands of dollars to streamline the whole process for you......allow you to pay a $100 one time fee.....and sit back while you make thousands of dollars. If he were to do this, the price for the EA would have to be much much higher. For what you are asking, a $10,000 one time fee would be reasonable. The forex business is about making money, not helping people.
I totally agree with you Fughe. Some people just want money handed to them on a plate!
For those of you who haven't bothered to read the membership sales page and are concerned that William will not continue to provide updates to non-members here is a quote from the sales page: 'I will continue to release updates and improve the robot for everyone, but now I want throw in another opportunity a unique membership, a limited and exclusive membership.'
If you don't agree with the membership then don't join and your life will stay the same - it is just an extra option open to you that could be beneficial!
Member Since Dec 15, 2010
795 posts
Oct 26, 2011 at 07:37
Possible spike coming in 4hrs from now. 😎
Click on my Name to see My Live Charts and Bio.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 10:00
Fughe is absolutely right. Stop this little pigs' whine.
I have stopped MDP for today, as we might get a contineous move with no pull backs like the last time when 3Tr EFSF rumour hit the wires, big loss ensued. I made very well this month, take a safe road for the end of week.
I have stopped MDP for today, as we might get a contineous move with no pull backs like the last time when 3Tr EFSF rumour hit the wires, big loss ensued. I made very well this month, take a safe road for the end of week.
Was mich nicht umbringt, macht mich stärker.
Oct 26, 2011 at 10:31
So if I follow some people here...
its normal to pay for a product with a known defect (or limitation) and with an imcomplete documentation, with the only reason: its an EA!!!
wow.
I'll try to use this reason at my job... but I think they'll not like it.
to be professional, you have to recognize the problems and you have to offer solutions.
if you take a look at GenialInvest. they suffer a problem, and they are transparent, they work on it, they propose a solution, they communicate!!! and nothing to pay if you don't win.
Here they ask to pay, and .... well... that's it, pay and don't expect something else paying...
its normal to pay for a product with a known defect (or limitation) and with an imcomplete documentation, with the only reason: its an EA!!!
wow.
I'll try to use this reason at my job... but I think they'll not like it.
to be professional, you have to recognize the problems and you have to offer solutions.
if you take a look at GenialInvest. they suffer a problem, and they are transparent, they work on it, they propose a solution, they communicate!!! and nothing to pay if you don't win.
Here they ask to pay, and .... well... that's it, pay and don't expect something else paying...
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 10:44
You mix pigs and apples. When you purchased the product you had a look over documentation, you read about limitation. You were ok with it otherwise you would go for a refund. What has changed now?
PS I am not interested in this upsell simply because it works just fine for me, and I don't care about brokers where losers will rush from one to another moving their precious 100 bucks and crying about withdrawal costs. Get a job, people, stop dreaming about get rick quick scheme. Real trading be it manual or EA is about gains and losses, trials and tests, research and risks taken.
PS I am not interested in this upsell simply because it works just fine for me, and I don't care about brokers where losers will rush from one to another moving their precious 100 bucks and crying about withdrawal costs. Get a job, people, stop dreaming about get rick quick scheme. Real trading be it manual or EA is about gains and losses, trials and tests, research and risks taken.
Was mich nicht umbringt, macht mich stärker.
Oct 26, 2011 at 10:56
Very clever comment, 100% agree
mistificator posted:
You mix pigs and apples. When you purchased the product you had a look over documentation, you read about limitation. You were ok with it otherwise you would go for a refund. What has changed now?
PS I am not interested in this upsell simply because it works just fine for me, and I don't care about brokers where losers will rush from one to another moving their precious 100 bucks and crying about withdrawal costs. Get a job, people, stop dreaming about get rick quick scheme. Real trading be it manual or EA is about gains and losses, trials and tests, research and risks taken.
Oct 26, 2011 at 10:58
I'm really laughing my ass off at the people who will be giving away another $1000 a year to this crook. Wake up, it's all out there for FREE if you look close enough and search around doing your homework - finding the right broker combo and realizing how each parameter interacts with the EA's inner logic is a question of trial and error: the rest can be tweaked easily to your likings if you have just a very vague idea of MQ4 coding (this last point here, I admit I have to work on it as it's the hardest part for me).
This guy will give you nothing except introducing you to some random brokers to deepen his pockets even more, and how long do you think it'll take until this 'secret' spills out and you'll be reading about it here or anywhere else for that matter? Also the 'exclusive updates' which you're so smart you think you'll have access, what a surprise when you see them decompiled at Indoinvestasi or anywhere else. This is the internet guys...
So I rest to my point, this is marketing BS taken to the last step and the people who are feeding this guy with a steady income (until he dumps the EA for the next one like he did with Growth Bot - it's the same team of programmers), are either too lazy to work their asses off or plainly incompetent. Or, possibly, both. But if you're happy with it, go ahead. 😄
This guy will give you nothing except introducing you to some random brokers to deepen his pockets even more, and how long do you think it'll take until this 'secret' spills out and you'll be reading about it here or anywhere else for that matter? Also the 'exclusive updates' which you're so smart you think you'll have access, what a surprise when you see them decompiled at Indoinvestasi or anywhere else. This is the internet guys...
So I rest to my point, this is marketing BS taken to the last step and the people who are feeding this guy with a steady income (until he dumps the EA for the next one like he did with Growth Bot - it's the same team of programmers), are either too lazy to work their asses off or plainly incompetent. Or, possibly, both. But if you're happy with it, go ahead. 😄
Oct 26, 2011 at 11:13
(edited Oct 26, 2011 at 11:13)
FGB has not released an update for a while now, and they're slower to respond to mails (FGB is a great bot indeed). But, it's very clear that they are pushing on MDP as it's the hottest thing right now: now they're adding upsells, 'exclusive' updates to squeeze the last dollar out of it - until the next EA. If they concentrated on making great bots (and they're able to) and stopped the crap, I'd be more than happy to even pay more than $99 bucks for the EA. The rest is disgusting.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 11:20
I just don't understand why he is crook? He's offering a voluntary service as an upsell for those who are blind or stupid or both and can only cry and whine on MyFXBook forums instead of testing and finding the right solution. Ships need shepherd, here you go.
HedgeEdge posted:
I'm really laughing my ass off at the people who will be giving away another $1000 a year to this crook. Wake up, it's all out there for FREE if you look close enough and search around doing your homework - finding the right broker combo and realizing how each parameter interacts with the EA's inner logic is a question of trial and error: the rest can be tweaked easily to your likings if you have just a very vague idea of MQ4 coding (this last point here, I admit I have to work on it as it's the hardest part for me).
This guy will give you nothing except introducing you to some random brokers to deepen his pockets even more, and how long do you think it'll take until this 'secret' spills out and you'll be reading about it here or anywhere else for that matter? Also the 'exclusive updates' which you're so smart you think you'll have access, what a surprise when you see them decompiled at Indoinvestasi or anywhere else. This is the internet guys...
So I rest to my point, this is marketing BS taken to the last step and the people who are feeding this guy with a steady income (until he dumps the EA for the next one like he did with Growth Bot - it's the same team of programmers), are either too lazy to work their asses off or plainly incompetent. Or, possibly, both. But if you're happy with it, go ahead. 😄
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 11:23
fughe posted:
Or maybe they both work. I use both MDP and FGB. and they both make me lots of pips.
This combo is just fantastic. But it won't work for losers. Everybody gets what he deserves. Some just deserve to feel pain to be able to complain and look for other to feel sorry for them.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 11:27
(edited Oct 26, 2011 at 11:30)
Maybe if you will think more about making your money instead of whining how much they make you will see a progress for a change. Frankly bots like MDP or FGB for 99 is a steal of the century. For performance they are capable of and profits they can generate it is not unreasonable to pay hundreds of thousands dollars in development just to keep this for yourself. I am not concerned with FGB and I hope losers will soon forget about MDP and will move to the next big release of the year and will stop loading up brokers servers with their nonsense microlot transactions decreasing performance for real traders. I will give it 6-8 weeks at most before many will shift to the next holy grail.
HedgeEdge posted:
FGB has not released an update for a while now, and they're slower to respond to mails (FGB is a great bot indeed). But, it's very clear that they are pushing on MDP as it's the hottest thing right now: now they're adding upsells, 'exclusive' updates to squeeze the last dollar out of it - until the next EA. If they concentrated on making great bots (and they're able to) and stopped the crap, I'd be more than happy to even pay more than $99 bucks for the EA. The rest is disgusting.
Was mich nicht umbringt, macht mich stärker.
Oct 26, 2011 at 12:01
(edited Oct 26, 2011 at 12:04)
mistificator posted:
Maybe if you will think more about making your money instead of whining how much they make you will see a progress for a change. Frankly bots like MDP or FGB for 99 is a steal of the century. For performance they are capable of and profits they can generate it is not unreasonable to pay hundreds of thousands dollars in development just to keep this for yourself. I am not concerned with FGB and I hope losers will soon forget about MDP and will move to the next big release of the year and will stop loading up brokers servers with their nonsense microlot transactions decreasing performance for real traders. I will give it 6-8 weeks at most before many will shift to the next holy grail.
HedgeEdge posted:
FGB has not released an update for a while now, and they're slower to respond to mails (FGB is a great bot indeed). But, it's very clear that they are pushing on MDP as it's the hottest thing right now: now they're adding upsells, 'exclusive' updates to squeeze the last dollar out of it - until the next EA. If they concentrated on making great bots (and they're able to) and stopped the crap, I'd be more than happy to even pay more than $99 bucks for the EA. The rest is disgusting.
I'm not whining, I'm laughing myself off, but like I said, if you can't figure out how to make this nice piece of EA engineering work on your own (because it's no doubt a nice EA in how it exploits volatility spikes, the idea works), you obviously have to pay big bucks to the developers team. Go ahead, I think we can live in peace with that. As for me, I have found the right broker/settings combo after a bit of pain (i.e. lost money on brokers slipping me and delaying order modification, etc.) and long hours of due diligence around the net working my butt off.
A final note, if you think that an MT4 bot takes hundreds of thousands of dollars (!!!) to conceive and develop, you're a bit out of touch I'm afraid. All it takes is a good strategy, an MQ4 editor (or, you can program it from scratch if you're good enough) and some marketing expertise to sell it. I give credit to William but PLEASE stop treating this guy like he's the next David E. Shaw or something. It's just an MT4 robot that will work until the next one, and the wheel keeps rolling.
Oct 26, 2011 at 12:33
HedgeEdge posted:
I'm not whining, I'm laughing myself off, but like I said, if you can't figure out how to make this nice piece of EA engineering work on your own (because it's no doubt a nice EA in how it exploits volatility spikes, the idea works), you obviously have to pay big bucks to the developers team. Go ahead, I think we can live in peace with that. As for me, I have found the right broker/settings combo after a bit of pain (i.e. lost money on brokers slipping me and delaying order modification, etc.) and long hours of due diligence around the net working my butt off.
A final note, if you think that an MT4 bot takes hundreds of thousands of dollars (!!!) to conceive and develop, you're a bit out of touch I'm afraid. All it takes is a good strategy, an MQ4 editor (or, you can program it from scratch if you're good enough) and some marketing expertise to sell it. I give credit to William but PLEASE stop treating this guy like he's the next David E. Shaw or something. It's just an MT4 robot that will work until the next one, and the wheel keeps rolling.
And just how much would you say it is going to cost to hire the programmers (who you can absolutely trust will not rip you off), plus the marketing, plus the tech support, plus pay for continued development, plus pay for the website, and payment providers? It is thousands of dollars. That said, I guarantee he has made it all back probably 50-100 times over. But it would be an expensive undertaking.
Make losses, but always come out a winner at the end.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 12:36
Hedge, this is fine, I am in line with what you said. However guys are you bit delusional how much work development, testing and strategy development like FGB and MDP requires. The only justification for it is that they sell it in thousands so they make money on volume of sales, however I assume ClickBank takes probably half of that, their billing/risk doesn't come cheap.
Anyway it does not matter is it MT4 bot, or JForex strategy or DMA algo with FIX access. Main logic is the same, they programmed it in a DLL, MT4 EA is just an interface. I would be more happy if I could get hold of developers and get them done interfaces for FIX and Jforex so I can trade it on serious brokers. But I am not ready for fork the cash it will cost. Still, this is something to consider. I love these two algos big time.
Anyway it does not matter is it MT4 bot, or JForex strategy or DMA algo with FIX access. Main logic is the same, they programmed it in a DLL, MT4 EA is just an interface. I would be more happy if I could get hold of developers and get them done interfaces for FIX and Jforex so I can trade it on serious brokers. But I am not ready for fork the cash it will cost. Still, this is something to consider. I love these two algos big time.
Was mich nicht umbringt, macht mich stärker.
Oct 26, 2011 at 13:25
fughe posted:
HedgeEdge posted:
I'm not whining, I'm laughing myself off, but like I said, if you can't figure out how to make this nice piece of EA engineering work on your own (because it's no doubt a nice EA in how it exploits volatility spikes, the idea works), you obviously have to pay big bucks to the developers team. Go ahead, I think we can live in peace with that. As for me, I have found the right broker/settings combo after a bit of pain (i.e. lost money on brokers slipping me and delaying order modification, etc.) and long hours of due diligence around the net working my butt off.
A final note, if you think that an MT4 bot takes hundreds of thousands of dollars (!!!) to conceive and develop, you're a bit out of touch I'm afraid. All it takes is a good strategy, an MQ4 editor (or, you can program it from scratch if you're good enough) and some marketing expertise to sell it. I give credit to William but PLEASE stop treating this guy like he's the next David E. Shaw or something. It's just an MT4 robot that will work until the next one, and the wheel keeps rolling.
And just how much would you say it is going to cost to hire the programmers (who you can absolutely trust will not rip you off), plus the marketing, plus the tech support, plus pay for continued development, plus pay for the website, and payment providers? It is thousands of dollars. That said, I guarantee he has made it all back probably 50-100 times over. But it would be an expensive undertaking.
Yup could be. But I think unless there's a big developer's team behind the project which I doubt, it's more like William alone came up with the strategy, coded it and then went on to the marketing team to do the rest. The coding alone doesn't take long (you still have to backtest and optimize, that takes longer).
Sure you then have servers costs, matainance, tech support etc., but I bet these guys have sold hundreds of thousands, maybe millions of copies already. I read somewhere that Fap Turbo had millions of units sold, the math is simple... the cost is amply covered by the license alone, and now the subscription is 78% (monthly) of the EA's original cost. That's why it disturbes me when they push it this way, I can't help to think it's marketing hype.
MistiFx you're right a Java based platform to run this strategy would be far better, I was thinking of Dukas. There's a reason why Dukas doesn't offer MT4 accounts and their bridge is hopeless. Well, now that you subscribed, you could maybe ask William or the developer's team to code it for JForex, now that would be a good reason (maybe) for me to join... if he offers that kind of service, it would be more justifiable. See you.
Oct 26, 2011 at 13:32
Forgot to say... the Fap Turbo was coded for JForex already, I think it's called Fap Turbo Evolution or something... no I didn't buy it but I know it was a big failure. But then again, the 'asian' spreads at Dukascopy ain't that much either.
Truth is C++ and Java are two different beasts entirely, but a very good programmer could nail it down.
Truth is C++ and Java are two different beasts entirely, but a very good programmer could nail it down.
Member Since Aug 16, 2010
453 posts
Oct 26, 2011 at 13:34
Fair Trading is offering MT4 to Dukascopy, now they lowered their fee from today to just .1 pip before it was .5 if turnover is low. But their implementation is weird and not very fast, I was looking to test MDP live there some time ago, maybe will still give a try on demo to see if it will work at least on Demo.
Was mich nicht umbringt, macht mich stärker.
