No, but it does handle drawdown considerably much better than forex shocker. IMHO
The risk is shared between all running pairs, whereas Shocker will let you suffer big losses across all pairs if all of them hit their stop loss. In addition, MDP will close trades which it feels are on a collision course with the stoploss BEFORE they hit. There is no such protection from Forex shocker here.
Also, MDP will try to close a trade as soon as it manages to hit breakeven if the trade doesn't reach profitability within a specified time limit. Forex Shocker just seem to hope and pray that it eventually gets to take profit.
certainley this is the downside of shocker but losses are rare (so far), so you can compensate easily. I will compare both.
The shocker works very well on theses pairs, EUR-USD, EUR-CHF and USD-CAD.
Usually it makes 2-4 trades per pair and night, each trade at 4 pips. I trade now 5 pairs, this gives me something between 40-60 pips, i.e. 500+ pips per month. So I would say it was a good investment. However, you never know how long it is working like this. But as the price of the EA is rather low, it is certainly low risk. The risk lies in the fact that the EA could stop working suddenly.
Attached I post the statement of my test account since July 20, incl version #. Don't bother about the 2 losses on eurchf with each -10, this was a test to look whether it works at the end of the us session. it did not. the p/l is rather low due to losses on eurgbp.
Forex Shocker processed in a single parity?