Million Dollar Pips Review And Discussion

Nobody sells a millionaire system $ 99. Any system that could earn sustained 20% per year would be worth much more than that.
Good luck to all!

I bought this EA three years ago and set it up on my FXDD account. I also used my own computer and high speed internet connection. The results were disastrous. The EA didn’t trade very much, and when it did, 90% of the trades were loses. I almost forgot about MDP, but since my initial bad experience, I’ve become a better, more experienced trader. I now have a pro account with an ECN broker that provides EUR/USD spreads less than .6 They also have almost no slippage, and they offer VPS in the same building as the brokerage, which means latency is less than 1ms.

About a month ago, I decided to run MDP on my new account, and to my pleasant surprise, the results have been excellent. I know it’s early, but I think I’m on to something. The bottom line is that it’s EXTREMELY difficult (and expensive) to find exactly the right combination of broker, slippage, spreads, and latency to get this robot to work. But if you find it, you may well have an effective tool to make some serious profits.

I Have bought MDP 1.2.. and have instal at my account. I try at demo account, and theres warning, that Error. I Have done email william, but until now, there’s no answer…

Hello.
The MDP is very sensitive!
Broker selection is very important:
Think Forex Basic
VPS very important Latency <2 ms:
VPS see on the website of the broker!
Beeks FX VPS
Risk represent 1%!
the key to success many risk managment.
seting set as Williom morrisen indicates.
will then grow only account Sun god
the more MDP vendor the better.
Let the probability be with you
Yours truly

I bought MDP on 03/12/2012 for $99. Good price, one time-only payment. I installed it with some difficulty, as the settings did not “take” on my computer, but after considerable tweaking, I got it going. I had to email William Morrison, the creator of MDP, who was helpful and responded in a timely manner.
MDP trades on the EURUSD currency pair, and the first thing I noticed was that it did nothing. It simply did not trade. I checked the settings, re-checked them and finally emailed Mr. Morrison. He suggested changes even though the manual said to leave them alone. This occurred many times but MDP did not trade. Finally, after several weeks, it opened some trades, small ones, as I had it set to take only minimum pips. It lost money, not much, but it started out losing. It didn’t trade much again, and even stopped for another few weeks. Mr. Morrison visited my computer this time, via TeamViewer. More tweaking. MDP opened more trades, won a few, but steadily lost more than it made.
In the meantime, MDP created two more BOTs, one that traded on USDJPY, the other on GPBUSD. They were the same one-time price, so I bought and installed them. Meanwhile the EURUSD bot traded just slightly more, but still, continued to just lose a little money each week. The two new bots didn’t do anything–and I mean, NOTHING. Again, I emailed Mr. Morrison, who re-assured me they would. They didn’t.
I kept the first BOT because of Mr. Morrison’s re-assurances, even though I went past the 60 day return deadline. I kept the first BOT and it still trades very little, still continuing to lose just a little more than it earns. I’ve tweaked its settings in every way, but it continues to be a non-producer. I returned the second and third BOTs before the 60 day deadline because they never did trade more than once or twice in two months. Mr. Morrison gave me a bit of a hassle returning my money, but eventually did.
The most remarkable thing about these BOTs is that they are very, very UN-remarkable. Mr. Morrison’s sales page says they made over 2.4 million dollars. At my current rate of profit, I’ll probably lose a hundred bucks over the next year. Can you say false advertising? To say that Mr. Morrison’s claims of making the big bucks is misleading, is very, very kind.
Mr. Morrison pitched me on his newest BOT, PhantomFX. That was a total disaster. I comment on that in another review. MDP isn’t even close to what is advertised.

STG

I purchased this before 1 week and run in “insta forex” live account with $150. But no result at all. Nothing changed. Why this happen I dont know. I followed as it is settings which are mentioned in their pdf guide. After read all comments about MDP now I afraid to use this . Pls any one guide me about this. Thanks in advance

I purchased MDP for EURUSD and USDJPY back in July 2011. I ran it on a live account that had about $700 balance. By October, trading with 2.5% risk in the settings, my balance had increased to over $14,000. Then one day the Japanese government sold off the Yen in an attempt to devalue it, and $7000 was wiped from my account in about 3 minutes! Since October, it has failed to perform. In fact, it has lost some money for me. It appears that the market has changed. The price spikes are not happening as theye were when I was winning, and when they do happen, they have a pattern that causes losses. The spike triggers the pending orders, a small reversal happens, which triggers the orders, then it it reverses back up again and takes the trades out on the stops. It would appear that the EA is highly sensitive to market patterns. Pity!….I thought I was on to a real winner! I’m still using it live, but with a very small risk….just to see whether it will start performing again if market patterns change.

Hi Guys,

I have been using this EA since more than 6 months, and i can assure you the following: When trading on demo account, you will be astonished by the results! I personally got 2,000,000$ after 2 months starting with a 5,000$.
HOWEVER… on a live account (same broker) it’s the complete reverse results!!! Of course the latency is important but the most critical parameter we always forget is the closing slippage!!! with this kind of slaping EA it can easily distroy your account in weeks.

It depends on the execution time, I have just got a refund as it lost 7 trades out of 10 with loss of money. Vendor goes silent on you when You ask for refund.

I have a Hotforex currenex account which is meant to be ok, I did a ping test and time was reasonable but MDP kept saying too slow, too many rejected by broker I had latest version 1.2.0.
Hope this helps

I bought MDP version 1.2.0 out of 10 trades 7 were losses and 3 small win loss of nearly $28 in 2 days it hardly trades, I tried all the alterations he told me to make when asked for a refund vendor ignores BEWARE so far he has had 5 days to refund.
06/02/2012

I simply think any EA vendor who is unwilling to show a live account is not confident in their product. A demo account? Really?

This EA is great. I started on Octuber 31th in LIVE ACCOUNT with USD300 and today I have on my account USD1319

My brother suggested I might like this web site. He used to be totally right. This put up truly made my day. You can not consider just how so much time I had spent for this info! Thanks!

I tried it a month on a demo account withbroker hotforex and the recommended vps and lost money. I then got my money back. I wouldn’t recommend MDP.

Hi Admin

I notice your stats for Million Dollar Pips in myfxbook show a drawdown of 29.6%. Another site is using the same broker account feed, but shows a drawdown of 6.98% with a max equity used of 1.34%. I’m more inclined to believe your figures – but any idea why the difference?

Regards, Nick

It does not work with fractional pricing…you need to ask this of any EA you are going to use….

FLuctuation in profit …….. i deposit 1000$ and used it MDP , it made into 1700$ withnin 2 days and after 5 day it go back to 1400$ any how i am in profit .. Ecn brokers, low spread, fast execution all condition should be met to take a profit in mdp otherwise u will lose money…………I dont know about others…

it work great i like it

Does this really work?

so, anyone using MDP in their live accounts recently?
Wanna try it out but all i see are negative feedbacks above.

THIS IS A CRAP EA,,HOW WE FOOL’S SEARCH FOR A HOLIGRAIL EVEN AFTER KNOWING NO FOOL WILL SELL A WORTHI EA….FOR A 100$$$ WICH MAKES A MILLIONS OF $$$$,,I USED IT FOR 2 MNTS AND LOST MY HARD EARNED MONEY…THINK BEFORE YOU BUY..

I bought MDPs 2 days ago EUR/USD running it on a home computer. So far no trades done by the EA.

I have sent a couple of emails to William with quick resonse on settings etc. He informed me to leave the EA on default settings but turn FIFO setting to false, as I am in South Africa on USA. I am using a demo account with Pepperstone, as per the manual. William also assured me that it will trade soon, I’m holding thumbs.

Red

Seriously. Take a second to just STOP all of those barriers in your path to riches. If you’ve struggled in chase of PIPs or automated profits, then I know how frustrated you already are.

That’s why you have to take a deep breath, and STOP. So many burdens work to distract you

If you’re smart you will give ThinkForex a big miss. They have slipped badly over the last six months. There are much better brokers out there who don’t play silly bugger tricks with your trades.

The reason why you aren’t allowed to use it on both a demo and a live account is simply that then you would see what a killer effect slippage and requotes and etc have on the live account (not apparent whatsoever on demo accounts because actual order fill and collectivization of orders to go to the liquidity provider just isn’t happening in demo). It’s an interesting toy, but an account killer. Don’t believe all the counter-claims by the affiliate-seller shills. They have a vested interest in sucking you in.

Hey guys… sorry .. but its scam!! 🙁

A welcome bonus €100

hi..
i already install my mdp to thinkforex demo account but it still do nothing. Is there any problem?

This robot will work for few moment only after that it flat out the account you have, I have used so many robot still can’t find the right one, I am still prefer Forex Killer until now, Make your own signals with forex killer, take the trade when the probability reached 80% up, Hope you take my advice

i used the bot on a 2k demo account finfx,under three days,i raked in $956. server is ucvhost

only just started three trades all winners early to say yet. I am using ECN and inportantlly a server in the same city as the broker so low latency rate of 1ms sure this helps gives any scalper the besy chance. My opinion unless you use an ECN and a vps nearby you have little chance of success. you cany blame the EA if you dont set things up the best way possible from the start.

Hi guys, the MDP robot work well on live account with a good vps though spread sensitive,my first trade was three trade on live and am still waiting for more trade today tuesday 23/08/2011 but five trade on ECN broker. my account is on fxpro not ECN account.

I bought the robot and i start tested, but oh sorprise, i follow all the instrutions, and the robot never works, the technical support not is good, only say me please read the manual, ¬¬ so… ok i want my refund pls, and they…. no PLS let us help u, u read the manual? ok, thats all i want my money back…. i hope my experience help.. bye

its scam i used it 2 week it just looking whats up in market opened 2 positions and lost all .. ))) ITS SCAM

hello fellow traders,

i am really serious about this. overall, i have net loss and i really want to know what vps your guys are using?

i have about 10% drawdown use FXCM and their slow vps (in australia, not sure US or UK) but i made some gain on my own computer (wireless connect). i tried vps land and it gave me another 10% drawdown on my first day., and i tried ultra vps, so far so good? the support team suggest me to use forex vps， what do you guys think?

kind regards
warren
Brisbane

I’ve been testing for two months on EURUSD. It’s okay, but not great. I’m asking fro a refund. I’m not allowed to use it except on one account, regardless if it is demo or live. I don’t like any EAs that will not let me use it on a live account and AT LEAST one other demo for continued testing. That seems cheesy to me.

its the best i gained

110% in 60 day’s and earned over 600$ in rebate

kind regards
brecht

Purchased the MDP robot and installed yesterday. Did not take long to start trading and so far has done well. Three out of three trades were winners. (knock on wood) I’ve been trying to find posts on settings, so if you’ve done anything but default, let me know. I sent two emails to their support and received replies same day. I’m impressed so far. I’m trading only the EURUSD version.

I use the EA with EURUSD and USDJPY at my Live account. So far I have received 6 versions. USDJPY did not trade in the first 4 version. The last two versions USDJPY led to substantial losses – so I had to disable USDJPY.
EURUSD: the overall result is still positive. The best results in mid-June. Second half of June and July show more losses than gains. This is a “normal” EA; maybe in the long run you can catch a small profit – not a million pips or dollars.
I will make updates to follow

I’m going all in, purchased the Million Dollar Pips robot and will trade with it on a demo account for a month to test it out. I’m going to promote it, so why not put my money where my mouth is. If I end up using it live, I’ll be doing so on an account that I’m currently trying to trade with FAP Turbo, with marginal success so far and an apparent lack of support from FAP Turbo, even after telling them I’m promoting their product. Makes me wonder if FAP is all that “fapulous”. I’m trading FAP in a demo account with FXCM and it’s gained and lost, (mostly lost).