Comments on: Million Dollar Pips Review And Discussion

By: CLCFX

CLCFX — Thu, 17 Apr 2014 13:54:52 +0000

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!

By: nikaso

nikaso — Sun, 02 Mar 2014 22:23:38 +0000

In reply to Wayne.

Hi;
You can tell us the broker you use, the config…?
Thanks.

By: Wayne

Wayne — Wed, 26 Feb 2014 23:06:10 +0000

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.

By: Ghada

Ghada — Mon, 13 May 2013 19:25:48 +0000

In reply to Ivan.

Dear Ivan….i bought the software too but so far not working…can u tell me whats ur broker & how do u work on this system…thx

By: HMZ

HMZ — Fri, 18 Jan 2013 04:42:41 +0000

In reply to Abd rahman Fitrah.

Hi Umut,
Using MDP, Think Forex Basic & Beeks FX VPS thus it really works?
How much % u gain each month?
I’m using Think Forex Basic too but not yet using Beeks FX VPS.
Want to confirm it really work, coz im using other VPS & PC but still not working, no active trades, only twise per month with lost. I’m also using pepperstone demo…. still the same… no trade….
My oppinion…. it still crap until new upgrade versions released.

Yours truly

By: Abd rahman Fitrah

Abd rahman Fitrah — Thu, 27 Dec 2012 10:16:56 +0000

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…

By: Umut

Umut — Wed, 28 Nov 2012 08:14:45 +0000

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

By: STG

STG — Tue, 21 Aug 2012 13:44:27 +0000

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

By: gangadhar

gangadhar — Sat, 11 Aug 2012 10:49:59 +0000

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

By: Rod

Rod — Tue, 01 May 2012 01:12:05 +0000

In reply to JOhn Allen. Spot on John, the market has changed...brokers are changing and some brokers are startiong to clamp down and change their platforms to restrict scalping EA's. Forget this system, it hardly trades, just to much effort. I got a refund.

By: JOhn Allen

JOhn Allen — Fri, 20 Apr 2012 02:53:14 +0000

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.

By: Gus

Gus — Sun, 25 Mar 2012 17:05:02 +0000

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.

By: me4forex

me4forex — Fri, 10 Feb 2012 19:42:19 +0000

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

By: mat

mat — Mon, 06 Feb 2012 19:03:58 +0000

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

By: Tommy

Tommy — Sun, 05 Feb 2012 16:19:00 +0000

In reply to Ivan.

wowww… is it for real??

what broker you’re using? and what is the setup for your MDP?

Regards,
Tommy

By: Craig

Craig — Thu, 12 Jan 2012 18:31:03 +0000

In reply to Paul. True, and it makes sense

By: Craig

Craig — Thu, 12 Jan 2012 18:16:29 +0000

In reply to Ivan. What broker you using?

By: Nick Forex

Nick Forex — Thu, 12 Jan 2012 18:00:18 +0000

In reply to Ivan.

Hi Ivan

Impressive results! Well done!

Can you please tell us what broker and VPS you used? MDP seems to be very broker dependent so this would be really nice to know. Thanks. Nick

By: Paul

Paul — Wed, 11 Jan 2012 20:20:04 +0000

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

By: Ivan

Ivan — Wed, 11 Jan 2012 18:04:02 +0000

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