To use chat, please login.
Back to contacts

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

kimleow
Nov 22 2011 at 07:19
119 posts
Kirib, you should be looking for execution of around 400. The fastest I have ever been able to get is 280ms
DEMO doesn't count - go live or go home - ?a_aid=112256
Cinar (mcymcy)
Nov 22 2011 at 07:52
270 posts

   mistificator posted:
   It's more about entering extra trades when spike continues and there are some trades already open. If spike goes on and on it will create more loss, but in most cases it will let you win back some from these first initial trades. If spike reverses fast MDP will not enter much of the extra trades. This is from my experience.

Also it works together with max orders settings. And it might be dangerous as it slows down execution and modification of opened trades and in result when in a bad trade MDP might not be able to adjust SL fast enough which will lead to extended losses.

I personally use channels set to 1 which is default. When I used 4 it was taking too much risky trades and lose even when others won.

Thanks for your care...
kirbi
Nov 22 2011 at 08:32
15 posts

   kimleow posted:
   Kirib, you should be looking for execution of around 400. The fastest I have ever been able to get is 280ms

Thank you Kimleow!
Dar Verer (mistificator)
Nov 22 2011 at 09:08
453 posts

   kirbi posted:
   is it good to have 600-700ms execution time as i see in MDP log?

this is excellent
Was mich nicht umbringt, macht mich stärker.
Dar Verer (mistificator)
Nov 22 2011 at 09:11
453 posts
If MDP makes 1-2 trades you can see that times or if your max orders set to 1-2, otherwise you will see an average order execution time for the whole queue of orders, with individual time around 300 and all max 8 orders created you will likely to see above 1000 ms.


   kimleow posted:
   Kirib, you should be looking for execution of around 400. The fastest I have ever been able to get is 280ms
Was mich nicht umbringt, macht mich stärker.
kirbi
Nov 22 2011 at 09:16
15 posts

   mistificator posted:
   If MDP makes 1-2 trades you can see that times or if your max orders set to 1-2, otherwise you will see an average order execution time for the whole queue of orders, with individual time around 300 and all max 8 orders created you will likely to see above 1000 ms.

i checked it on yestarday spike. MDP made a lot of trades(>15) and average exec time was 600-700
Dar Verer (mistificator)
Nov 22 2011 at 09:27
453 posts
then it is great.
Was mich nicht umbringt, macht mich stärker.
mazavar
Nov 22 2011 at 09:47
53 posts
is there anybody used mdp on hotforex currenex account? if yes how was results?
Alec
Nov 22 2011 at 13:38
91 posts

   mistificator posted:
   If MDP makes 1-2 trades you can see that times or if your max orders set to 1-2, otherwise you will see an average order execution time for the whole queue of orders, with individual time around 300 and all max 8 orders created you will likely to see above 1000 ms.

That's exactly what happened to me on my first real trades, yesterday.
The EA showed execution time over 1000 ms and suggested lower max. sim. orders to lower exec. time.
I lowered max. sim, orders to 4. Did I do well?
Dar Verer (mistificator)
Nov 22 2011 at 13:45
453 posts
time will tell
Was mich nicht umbringt, macht mich stärker.
krana
Nov 22 2011 at 14:30
66 posts
did you all notice the demo account here did not take as mnay trades as our account did in the losses. ???
Benjamin Nathan
benbakhsh
Nov 22 2011 at 15:07
73 posts
I noticed this on another Demo account - but it was Alpari which isnt reccomended by MDP.
I opened a ThinkForex Demo this morning and added it to myfxbook stats so feel free to follow.

The other system on my profile is Intellitrade - my own system which I have developed over time - I started using it in October to rescue my DD account. So far VERY good. Will be sharing in the future. (Its a real account at the mo).

geektrader
Nov 22 2011 at 17:36
153 posts
Just had another set of loosing trades. Anyone else?
Antny (fughe)
Nov 22 2011 at 17:47
724 posts
Again....my spread was -0.2 pips too wide. So....no trades.
Make losses, but always come out a winner at the end.
Cinar (mcymcy)
Nov 22 2011 at 18:16
270 posts
crashev
Nov 22 2011 at 18:58
320 posts

   geektrader posted:
   Just had another set of loosing trades. Anyone else?

What settings do You use? Probably NumOrderLevel=1 ?

Also no trades here.
Better to lose an oportunity than a money
kirbi
Nov 22 2011 at 19:18
15 posts
Benjamin Nathan
benbakhsh
Nov 22 2011 at 20:00
73 posts
None here also but im not passing any judgment until its taken 50 trades on demo and 50 on Micro (real). I think thats a fair test. Theres many people in this chat that are trying it on real and are doing well in the long term.
Antny (fughe)
Nov 22 2011 at 20:11
724 posts

   benbakhsh posted:
   None here also but im not passing any judgment until its taken 50 trades on demo and 50 on Micro (real). I think thats a fair test. Theres many people in this chat that are trying it on real and are doing well in the long term.

i don't like being the bearer of bad news, but you need to be aware of this. The performance in a demo account will not reflect the performance in a real account. One of the biggest factors that affects the performance of MDP is slippage, and demo accounts do not have slippage. With MDP, slippage will cause winning trades to become losing trades regularly. All I am saying is, please keep this in mind when analyzing you results in the demo account.
Make losses, but always come out a winner at the end.
kimleow
Nov 22 2011 at 21:24
119 posts
nothing for me either.
DEMO doesn't count - go live or go home - ?a_aid=112256
Please login to comment .