Million Dollar Pips Discussion

   Professor53 posted:
   I loved that spike... Hope every does also.

It's very easy to get profits when trading small lots. Try to make profit if your consecutive trades will oscillate around let's say 8 lots.... These micro/nano trades doesn't require any substantial effort

very true. I have same problem.

Not really a problem at all, I am using MDP on 6 different brokers now. All perform slightly different, but all good. This means several good things: first, you can keep the lot size at 1 lot and still trade 6 lots (1 lot at 6 brokers = 6 lots traded at each spike) and the equity curve is also smoothed out because they all perform slightly different. One looses for the day overall, the other makes a big win, the other days it´s vice-versa. Lowers the drawdown, smoothes the equity curve and if one broker has a problem you don´t really care because other perform. It´s simply spoken on concept that works VERY well for MDP: redundancy!

   lobotomy8 posted:
   

   Professor53 posted:
   I loved that spike... Hope every does also.

It's very easy to get profits when trading small lots. Try to make profit if your consecutive trades will oscillate around let's say 8 lots.... These micro/nano trades doesn't require any substantial effort

If your MDP is trading at 6 lots and my larger account is trading at .8 then your account is very very large. Id say it must be 50k or so. Id lower my risk down from 1.5 to something a bit smaller for conservation like 0.75 percent. Be smart and be careful. Those are some big trades. You should also be getting a much better price of spreads with accounts over 10K. The spread should drop on that account and help you even more. Call your broker for a bettter pip package and ask if they have that program. Executive or gold or what ever they may nick name it. Not all brokers have it, but many do, to get the whale accounts to come onboard and trade with them. The savings is normally 1.5 pips per trade .

Garry

You Professor, thanks for the tip, I did that already;) Yes, I am always careful, no worries. Keep up the profits as well, you are doing great as well as I know and always see;)

   lobotomy8 posted:
   

   Professor53 posted:
   I loved that spike... Hope every does also.

It's very easy to get profits when trading small lots. Try to make profit if your consecutive trades will oscillate around let's say 8 lots.... These micro/nano trades doesn't require any substantial effort

Do you have any proof that once you get to about 8 position size that you can't get your orders completed? Did you make this up or is there some actual evidence? If there is some evidence I would really like to know. That number seems very small for the broker to care enough to screw you on trades. Its not in his best interest.

@Oldchartreader: I am wondering about that to, because before I was running MDP on so many brokers at once with smaller lot sizes, I have traded up to 9 lots on one broker (ECN) and didn´t have any other timings or slippage than with 0.01, 0.10, 1 or 5 lots. Timings always did stay as they have been since 0.01 lots.

The reason I am running it on many brokers is simply for security of my profits as for technical problems that a broker might have or withdrawal problems (you never know). The lot size wasn´t a problem as for execution times or slippage at all. I think if you have a serious broker with a huge amount of liquidity providers (Currenex comes to mind), all is fine even with extrem lot sizes, but ONLY if the bridge the broker uses to connect to the liquidity is fast and the broker doesn´t delay order executions on purpose (which most ECN´s DON`T do because that would hurt their business model which bases on commission and if they are crap, the trader won´t keep on trading with them). Of course also the broker-server needs to be fast enough hardware-wise to handle a huge amount of orders at once like when MDP trades and can quickly forward them to the liquidity providers.

geektrader...
just currious... you paid how many version of MDP?

10 at the moment, why?

just to know. so you have a good experience with it.
I think I'll do this too (opening multiple accounts)

   geektrader posted:
   10 at the moment, why?

I'm impressed. What a interesting strategy.

Well, no rocket science here, just creativity and trial and error testing tons of brokers.

Don't forget that grouping orders will increase lot size significantly sometimes.
Unfortunately reality is different from what you described, I had some orders over 10 standards, and mostly they been a disaster to modify if market does not cooperate. Not certain it is due to order size though, but I have that suspicion. Seen it at many brokers like Oanda, Alpari, etc. Once orders are small all work well, once you start crossing some line, you start getting errors.

   Professor53 posted:
   

   lobotomy8 posted:
   

   Professor53 posted:
   I loved that spike... Hope every does also.

It's very easy to get profits when trading small lots. Try to make profit if your consecutive trades will oscillate around let's say 8 lots.... These micro/nano trades doesn't require any substantial effort

If your MDP is trading at 6 lots and my larger account is trading at .8 then your account is very very large. Id say it must be 50k or so. Id lower my risk down from 1.5 to something a bit smaller for conservation like 0.75 percent. Be smart and be careful. Those are some big trades. You should also be getting a much better price of spreads with accounts over 10K. The spread should drop on that account and help you even more. Call your broker for a bettter pip package and ask if they have that program. Executive or gold or what ever they may nick name it. Not all brokers have it, but many do, to get the whale accounts to come onboard and trade with them. The savings is normally 1.5 pips per trade .

Garry

have a quick question, does MDP work with 4 digit brokers?

yes

finally my new broker works fine with a excellent processing time.
but only 4 trades were opened instead-of 8 during the last batch using the default settings.

finally GOOD DAY

from the last trades, my MDP average execution, open and modify time was >3000ms 😭
i think i need suggestion on this, what combination (broker and vps) that in average could give the good result, is there anyone could help me on this? 😳

Well that sucks. MDP didn't even try to trade on that huge spike.