Million Dollar Pips (de milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Transactions | 4497 |
| Gagné: |
|
| Perdu: |
|
| Type: | Démo |
| Levier: | 1:200 |
| Trading: | Automatisé |
Discussion Million Dollar Pips
forex_trader_32776
Membre depuis Mar 28, 2011
posts 1008
Sep 28, 2011 at 07:54
jannie posted:
MDP EURUSD, just went through some Trades...
17 Trades - (8 Losses - 20.6pips/7 wins - 79.2 pips / Nett - 58.6 pips)
OK well if your using IBFX , i'd PM - https://www.myfxbook.com/members/Professor53
or follow his account as you two use the same broker. To avoid these losses, I'd suggest a different broker. If you want to know opinion, just PM me.
forex_trader_32776
Membre depuis Mar 28, 2011
posts 1008
Sep 28, 2011 at 07:54
pianosso posted:
Sorry if it was asked before, does anyone know what version is the vendor's demo running? 1.16 or 1.2?
Thanks.
1.16 unless otherwise noted. Since 1.16 works nicely on this Demo environment at Thinkforex there would be NO reason to run a different version. Version 1.2 was suppose to fix some of the issues that users are facing with delayed execution. Introduction to Group_orders. View PDF
Sep 28, 2011 at 08:16
chromeie posted:
do you think that we are here discussing MDP on demo accounts ?
all 594 post are just for demo ? 🙄
the Type here listed as Demo.
do you have MDP ?
Yes i do have and running it on my live account.
MDP need perfect setting to meet your broker requirement. if u want to trade with it then play with it.
till that time you get your best setting.
tip: try not to be so much greedy or dont think it will make you millionaire in one night, slow and steady wins the race.
just stick to rules.
proper MM is the key.
Press F1 for help or Dial 911.
Sep 28, 2011 at 09:37
Pakfx posted:
Yes i do have and running it on my live account.
MDP need perfect setting to meet your broker requirement. if u want to trade with it then play with it.
till that time you get your best setting.
tip: try not to be so much greedy or dont think it will make you millionaire in one night, slow and steady wins the race.
just stick to rules.
proper MM is the key.
Very good advice. Keep your lot size low enough that it is easy to get it filled with minimal slippage. Note: There are some brokers that can fill any lot size (exception for very large sizes) just as easily as any other....SOME brokers fill 1 lot and larger slightly faster than the small position sizes. You will need to inquire with your broker as to how they fill the positions. FOR INSTANCE--- FXOpen's ECN does STP aggregation for anything smaller than 1 lot. Anything 1 lot and higher gets sent straight to market without aggregation. It is a few milliseconds, but every bit makes a difference.
Make losses, but always come out a winner at the end.
Sep 28, 2011 at 10:00
(édité Sep 28, 2011 at 10:04)
fughe posted:
Pakfx posted:
Yes i do have and running it on my live account.
MDP need perfect setting to meet your broker requirement. if u want to trade with it then play with it.
till that time you get your best setting.
tip: try not to be so much greedy or dont think it will make you millionaire in one night, slow and steady wins the race.
just stick to rules.
proper MM is the key.
Very good advice. Keep your lot size low enough that it is easy to get it filled with minimal slippage. Note: There are some brokers that can fill any lot size (exception for very large sizes) just as easily as any other....SOME brokers fill 1 lot and larger slightly faster than the small position sizes. You will need to inquire with your broker as to how they fill the positions. FOR INSTANCE--- FXOpen's ECN does STP aggregation for anything smaller than 1 lot. Anything 1 lot and higher gets sent straight to market without aggregation. It is a few milliseconds, but every bit makes a difference.
The best thing is that play with it till you get good results use every setting minimum.
Press F1 for help or Dial 911.
Membre depuis Jul 06, 2011
posts 80
Sep 28, 2011 at 11:01
Has anyone had any trades since the New York session close?
Membre depuis Jan 14, 2011
posts 25
Sep 28, 2011 at 12:18
so there must be a way to get faster execution times..
has anyone thought to try and reprogram MDP and convert the EX4 to work with the Dukacopy JForex platform directly? I know they have a trade copier plugin and a 3rd party mt4 platform but I can only imagine that this is too slow to be effective.. I have been reading that dukascopy are having slippage issues in recent times and insuffcient liquidity but they maybe BS or a temporary hiccup.. I've heard their execution times are mostly the best in the business...
anyone?
has anyone thought to try and reprogram MDP and convert the EX4 to work with the Dukacopy JForex platform directly? I know they have a trade copier plugin and a 3rd party mt4 platform but I can only imagine that this is too slow to be effective.. I have been reading that dukascopy are having slippage issues in recent times and insuffcient liquidity but they maybe BS or a temporary hiccup.. I've heard their execution times are mostly the best in the business...
anyone?
Sep 28, 2011 at 12:25
There's a very good broker for MDP. The orders execution times are nearly 300ms in real accounts. No slippage and very low real spreads like 0,2 pips. And has huge liquidy providers. No restrictions...Every conditions are suberb for MDP.
It's CFH Markets Ltd. The only problem is you need $50.000 for account opening...
It's CFH Markets Ltd. The only problem is you need $50.000 for account opening...
Sep 28, 2011 at 12:31
mcymcy posted:
There's a very good broker for MDP. The orders execution times are nearly 300ms in real accounts. No slippage and very low real spreads like 0,2 pips. And has huge liquidy providers. No restrictions...Every conditions are suberb for MDP.
It's CFH Markets Ltd. The only problem is you need $50.000 for account opening...
You can look back at the posts earlier in this thread. It has already been tried and didn't work quite well at all. My theory after some research is that they 'toot their horn' more than really are.
Their relationships with liquidity providers is fairly minimal (as evidenced by tick chart data - there is a whole article about that somewhere how you can tell between brokers what type of liquidity providers they have just by checking out the 1 min or tick data. Someone may be able to post it here)
Also, what type of self-respecting company hosts themselves up in Denmark. If your a real player, you will host in a place where you have direct and very close access to the FX centers of the world so you have fast data and quick execution - just food for thought after a lot of research.
Membre depuis Jan 14, 2011
posts 25
Sep 28, 2011 at 12:47
that's interesting.. I do have $50,000 to throw at them if it works... they seem to actually be based in London with a branch office in Denmark based on the company headquarter address and phone numbers for support...
beyond that, what about rewritting the EA to work with FIX Currenex Accounts?
I guess everyone is waiting for Pepperstone to finish migration of their servers to the NYC Datacentre...
beyond that, what about rewritting the EA to work with FIX Currenex Accounts?
I guess everyone is waiting for Pepperstone to finish migration of their servers to the NYC Datacentre...
Sep 28, 2011 at 13:07
corporatemonkey posted:
so there must be a way to get faster execution times..
has anyone thought to try and reprogram MDP and convert the EX4 to work with the Dukacopy JForex platform directly? I know they have a trade copier plugin and a 3rd party mt4 platform but I can only imagine that this is too slow to be effective.. I have been reading that dukascopy are having slippage issues in recent times and insuffcient liquidity but they maybe BS or a temporary hiccup.. I've heard their execution times are mostly the best in the business...
anyone?
Dukas has been seeing a fair amount more slippage than usual lately.
Make losses, but always come out a winner at the end.
Membre depuis Aug 16, 2010
posts 453
Sep 28, 2011 at 13:36
T3 bridge from Fair Trading is no good for MDP - too slow, and trades are poorly matched, some don't get closed, SL doesn't work, etc. Experience only on demo. After seeing it on demo no desire to test on real. They ask for extra 5$ per lot commission, which is a lot.
Was mich nicht umbringt, macht mich stärker.
Membre depuis Dec 15, 2010
posts 795
Sep 28, 2011 at 16:09
ONe of my hypothesis is that accounts over 1k have a slower fill time and accounts between $400 up to $999 do best. It seems when my account hit 1k the broker speed changed. I could see it on MDP charts. Sweet spot seems to be $400 to $1000 and then perhaps spilt the account to $500 again and start again.
Garry
Garry
Pakfx posted:
fughe posted:
Pakfx posted:
Yes i do have and running it on my live account.
MDP need perfect setting to meet your broker requirement. if u want to trade with it then play with it.
till that time you get your best setting.
tip: try not to be so much greedy or dont think it will make you millionaire in one night, slow and steady wins the race.
just stick to rules.
proper MM is the key.
Very good advice. Keep your lot size low enough that it is easy to get it filled with minimal slippage. Note: There are some brokers that can fill any lot size (exception for very large sizes) just as easily as any other....SOME brokers fill 1 lot and larger slightly faster than the small position sizes. You will need to inquire with your broker as to how they fill the positions. FOR INSTANCE--- FXOpen's ECN does STP aggregation for anything smaller than 1 lot. Anything 1 lot and higher gets sent straight to market without aggregation. It is a few milliseconds, but every bit makes a difference.
The best thing is that play with it till you get good results use every setting minimum.
Click on my Name to see My Live Charts and Bio.
Membre depuis Dec 15, 2010
posts 795
Sep 28, 2011 at 16:12
Yes, we could all use true ECN conditions but that takes a minimum of $2500 to 50K for some brokers. Not in a nromal world to risk that much money for most of us.
Garry
Garry
mcymcy posted:
There's a very good broker for MDP. The orders execution times are nearly 300ms in real accounts. No slippage and very low real spreads like 0,2 pips. And has huge liquidy providers. No restrictions...Every conditions are suberb for MDP.
It's CFH Markets Ltd. The only problem is you need $50.000 for account opening...
Click on my Name to see My Live Charts and Bio.
Membre depuis Aug 16, 2010
posts 453
Sep 28, 2011 at 16:16
(édité Sep 28, 2011 at 16:16)
A person who introduced me to MDP and actually recommended it trades it with 50 000 usd account successfully, he says execution is exactly the same as for his small 1 000 account he runs for reference. Can't mention the broker, sorry.
Was mich nicht umbringt, macht mich stärker.
Sep 28, 2011 at 16:24
Professor53 posted:
ONe of my hypothesis is that accounts over 1k have a slower fill time and accounts between $400 up to $999 do best. It seems when my account hit 1k the broker speed changed. I could see it on MDP charts. Sweet spot seems to be $400 to $1000 and then perhaps spilt the account to $500 again and start again.
Garry
I had wondered about that. Meant to ask you about that a while ago and forgot. :)
Make losses, but always come out a winner at the end.
Sep 28, 2011 at 16:24
mistificator posted:
A person who introduced me to MDP and actually recommended it trades it with 50 000 usd account successfully, he says execution is exactly the same as for his small 1 000 account he runs for reference. Can't mention the broker, sorry.
If you can't mention the broker, get out from here. Any forum idea is to share info within forum members. That's what the forum is about
Membre depuis Aug 16, 2010
posts 453
Sep 28, 2011 at 16:31
So your idea of the forum is to get a valuable information without any hassle or work done and let others spend weeks, months and money performance testing different setups? Haha, you leave easy life, pal.
The truth is any more less legatimate STP/ECN broker will have a similar behaviour. The only different behaviour would be if you trade so small or so unsuccessful they would put you against house liquidity giving you fills with no slippage and faster execution. If you are profitable they would put you onto external liquidity, and it definitely would take more time to fill and bigger slippage. However my account shows around 1100-1300 ms to execute and modify, been around 3500 at some point, and test shows around 500-600 ms, but still it works just fine despite that.
The truth is any more less legatimate STP/ECN broker will have a similar behaviour. The only different behaviour would be if you trade so small or so unsuccessful they would put you against house liquidity giving you fills with no slippage and faster execution. If you are profitable they would put you onto external liquidity, and it definitely would take more time to fill and bigger slippage. However my account shows around 1100-1300 ms to execute and modify, been around 3500 at some point, and test shows around 500-600 ms, but still it works just fine despite that.
Was mich nicht umbringt, macht mich stärker.
Sep 28, 2011 at 16:36
I suspect that there are some people in forums that work for the developer of the EA's. Because these people says that EA works great but they can show no proof. They usually say that they can not say their broker ,...etc... Actually the biggest winners are the seller of these EA's. For example MDP sold over thousands... And the developer can not show us a real account. :) So do not be overcome by your dreams... May be it can gain. But never it can gain like demo account. In demo there's no connection to real liquidity. So there's no execution time problem. Also there's no slippage, there's no commission...
