Hi, I thought I would give you a quick update on our ongoing Million Dollar Pips live testing this week. Due to the excellent broker rebates I receive from Think Forex (more details below), I am up 40% so far despite the EA breaking even on trades.
If you haven’t heard of this EA before and would like to know more about it, please checkout our Million Dollar Pips Review.
Million Dollar Pips Live Testing
The Million Dollar Pips (MDP) EA continues to intrigue me.
As a trading strategy, it’s probably not the greatest ever devised – it does make money but clearly not millions as the title would suggest!
Million Dollar Pips Live Testing with Broker Rebates
However, the main reason I think this EA has merit is that it enables you to take advantage of the broker rebates with Think Forex – an excellent, relatively new broker (sadly they don’t accept US clients).
Although I used the wrong settings and had a large draw down that I shouldn’t have, the EA has now broken even for me BUT has placed 2,406 orders!
Since we can get rebates from the broker on the trades, the trading activity of the MDP robot has delivered the goods in terms of profits – as Million Dollar Pips has traded 116 lots at $3.50, the rebate so far is $405 or 40% profit in 5 months.
Million Dollar Pips Live Testing – How to Join In
You can get detailed updates from Capsmart and other users in our Million Dollar Pips Live Testing Forum section:
If you want to join in the action, you can get a copy of Million Dolar Pips from the link below:
Have a great week and I hope you enjoyed this update on our Million Dollar Pips Live Testing
Want more of this? See these posts:
Tagged with: Forex Broker Rebates • Million Dollar Pips • Million Dollar Pips Forward Test • Million Dollar Pips Live Results • Million Dollar Pips Live Test • Million Dollar Pips Live Testing • Think Forex • Think Forex Broker • Think Forex Rebates
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11-01-2012 Hello Everyone,
To my surprise I see that many people are still interested in MDP.I had very little time to visit the forum .That is why I did not contribute sooner.
My experience with MD: I bought this ea in July last year and tested it on demo.It did so well that I could not believe it,so I approached the vendor if he had tested it on a live account.Jason Sweezey told me that it was losing on his live account and advised me to try ThinkForex. Again MDP had staggering results and in a couple of weeks in July and August last year took my live account from $ 6600 to $24500.You can imagine how happy I was.There were some days it made more that $3000.I thought this was a real million dollar ea.But then it started to open losing trades and it reduced my account to $23300.It opened trades without stopping so many that the screen was full of little arrows.Then ThinkForex interrupted service for one day and since then it kept opening losing trades.I withdrew $10000 and went on holiday!!!But the MDP reduced my $13000 to $9000.So I stopped it.I am surprised many people seem to run it.So now I get interested again.
This is very true I have been running MDP this for a while and make more on the rebates.