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
Nov 05, 2011 at 17:02
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
Member Since Oct 05, 2011
36 posts
Nov 05, 2011 at 17:13
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
Nov 05, 2011 at 20:19
oldchartreader posted:
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
oldchartreader,
Do you have problems with re quotes with IFBX?
Member Since Oct 05, 2011
36 posts
Nov 05, 2011 at 22:00
edlover78 posted:
oldchartreader posted:
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
oldchartreader,
Do you have problems with re quotes with IFBX?
I have no idea and basically don't care. I am interested in the bottom line and mine is growing nicely. Furthermore, my account is on a private server owned by a member of this forum so I don't even know the settings. I think too many people on this forum, and others, focus too much on the tiny things and don't focus enough on the big picture. Which is: Am I making money at a reasonable rate. In my case my account has been there three weeks and it is up by about 30% so even though others may and probably are doing better I am satisfied with my results.
Lastly, let me point out that I have in excess of 50 years experience in financial markets having been a successful broker at Merrill Lynch and Technical Analyst for them as well. I can tell you from many years of experience with the trading public that in general there is way to much over analysis going on.
Good luck
Nov 06, 2011 at 00:36
Few people here have been mentioning IBFX and IBFX Australia. They do not have requotes or off quotes and you can place super tight stops. I trade with them via Got Money FX they are an Australia WL of IBFX, but offer a spread reduction of 1/2 a pip which is great for MDP. I'm trading MDP with them on a live account and going well - no problems so far.
edlover78 posted:
oldchartreader posted:
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
oldchartreader,
Do you have problems with re quotes with IFBX?
DEMO doesn't count - go live or go home - ?a_aid=112256
Member Since Aug 16, 2010
453 posts
Nov 06, 2011 at 20:53
Reader, with all due respect your experience won't help you trading MDP successfully if you will ignore key elements important to its success. I assume your account is still in 'probation' phase and isn't very big. It's all nice and well when microlots are traded, however picture changes dramatically when you start having 3-5 standards per trade and 10 is total disaster. Then you need to start be involved into very deep technical details, usually after a blow of 10-20% of your account.
oldchartreader posted:
edlover78 posted:
oldchartreader posted:
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
oldchartreader,
Do you have problems with re quotes with IFBX?
I have no idea and basically don't care. I am interested in the bottom line and mine is growing nicely. Furthermore, my account is on a private server owned by a member of this forum so I don't even know the settings. I think too many people on this forum, and others, focus too much on the tiny things and don't focus enough on the big picture. Which is: Am I making money at a reasonable rate. In my case my account has been there three weeks and it is up by about 30% so even though others may and probably are doing better I am satisfied with my results.
Lastly, let me point out that I have in excess of 50 years experience in financial markets having been a successful broker at Merrill Lynch and Technical Analyst for them as well. I can tell you from many years of experience with the trading public that in general there is way to much over analysis going on.
Good luck
Was mich nicht umbringt, macht mich stärker.
Member Since Oct 05, 2011
36 posts
Nov 06, 2011 at 21:49
mistificator posted:
Reader, with all due respect your experience won't help you trading MDP successfully if you will ignore key elements important to its success. I assume your account is still in 'probation' phase and isn't very big. It's all nice and well when microlots are traded, however picture changes dramatically when you start having 3-5 standards per trade and 10 is total disaster. Then you need to start be involved into very deep technical details, usually after a blow of 10-20% of your account.
oldchartreader posted:
edlover78 posted:
oldchartreader posted:
During price spikes IBFX spreads drop to less than 2 pips. I know because my MDP trades there (US)
jsintl posted:
fughe posted:
IBFX had too wide of a spread. If only I had a way to adjust MDP to use a wider spread during certain market movements.......but it is hard-coded. Maybe it is time to look into hacking it and adding the code myself.
Hi Fughe,
I was actually planning to run my MDP at IBFX Australia due to Professor53 experienced. Do you recommend using another broker instead? Frankly, I don't know of any broker that I can run this MDP. PM me if you know of reliable broker for MDP.
Tks,
oldchartreader,
Do you have problems with re quotes with IFBX?
I have no idea and basically don't care. I am interested in the bottom line and mine is growing nicely. Furthermore, my account is on a private server owned by a member of this forum so I don't even know the settings. I think too many people on this forum, and others, focus too much on the tiny things and don't focus enough on the big picture. Which is: Am I making money at a reasonable rate. In my case my account has been there three weeks and it is up by about 30% so even though others may and probably are doing better I am satisfied with my results.
Lastly, let me point out that I have in excess of 50 years experience in financial markets having been a successful broker at Merrill Lynch and Technical Analyst for them as well. I can tell you from many years of experience with the trading public that in general there is way to much over analysis going on.
Good luck
My account is about $7,700 so my current trades are about .80 lots. I have seen people post in forums that are opening positions between 5 and 10 lots and reporting good results. Where do you get your information? I would like to contact the person/persons this happened to and see just what happened. Sometimes this kind of information comes from assertions and not actual facts. Somebody gets upset and posts something that is just made up and then it takes off and gets repeated like as if it were true. So help us out. Did this hapen to you? Or please let me know where it came from. I would llike to see it for myself and get into what actually happened.
Member Since Aug 16, 2010
453 posts
Nov 07, 2011 at 10:42
I had trades over 10 standards lots due to order grouping on. Most of attempts to modify these trades resulted in requotes, invalid price, trade context busy, etc and on most occasions they were lost, unless MDP managed to call a top and catch a full reversal.
Was mich nicht umbringt, macht mich stärker.
Member Since Sep 06, 2011
39 posts
Nov 07, 2011 at 14:36
today 2 spikes, all loss
I am using pepperstone razor with CNS VPS.
What I found interesting is during the spike, I can't login to my VPS....not sure whether it is the problem of CNS.
I am using pepperstone razor with CNS VPS.
What I found interesting is during the spike, I can't login to my VPS....not sure whether it is the problem of CNS.
Highest FinFX, Instaforex, Pepperstone and AVAFX Rebates:
Member Since Aug 16, 2010
453 posts
Nov 07, 2011 at 14:56
(edited Nov 07, 2011 at 14:57)
Second spike has a decent broker response in terms of execution, third was turd... really bad slow execution, small loss.
Was mich nicht umbringt, macht mich stärker.
Nov 07, 2011 at 21:22
I made 1 trade on GBP USD that was a winner. Very Small though, and 2 trade groups on the euro, overall I made just under 1% for the night. Not a big night, but I'm still happy with the profit.
DEMO doesn't count - go live or go home - ?a_aid=112256
forex_trader_50505
Member Since Oct 16, 2011
85 posts
Nov 08, 2011 at 00:42
Hi,
Anyone know how to properly clean the EA's log? I tried to clean it by removing the files in C:\Program Files\MetaTrader\experts\logs but it was made the MT4 not working properly. I had to repair the MT4 to make it working again.
That log folder already reach more than 20GB, I know somewhere in this discussion forum someone already mentioned on how to do this, but I don't remember on which page. Can someone help me on this? Thanks.
Anyone know how to properly clean the EA's log? I tried to clean it by removing the files in C:\Program Files\MetaTrader\experts\logs but it was made the MT4 not working properly. I had to repair the MT4 to make it working again.
That log folder already reach more than 20GB, I know somewhere in this discussion forum someone already mentioned on how to do this, but I don't remember on which page. Can someone help me on this? Thanks.
Member Since Dec 15, 2010
795 posts
Nov 08, 2011 at 02:11
Dear dunkdenk: Since I have my own Private VPS, heres a vps note. Turn off Verbose.... you dont need it. Much less log file. Espeically if your using version 1.2... its a monster verbose LOGGER.....
cheers
Garry
cheers
Garry
Click on my Name to see My Live Charts and Bio.
forex_trader_50505
Member Since Oct 16, 2011
85 posts
Nov 08, 2011 at 02:26
thanks, prof. i've turned it off. hope this could reduce the log file size. but still, someday the log will getting bigger, do you know how to clean it up safely?
