Million Dollar Pips (By milliondpips)
| Gain : | +26241.17% |
| Drawdown | 39.44% |
| Pips: | 5202.2 |
| Trades | 4497 |
| Won: |
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| Lost: |
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| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Automated |
Million Dollar Pips Discussion
Dec 08, 2011 at 09:28
The problem is, when you reduce your risk....you are also taking the chance of missing out on the set of trades that will make up for all of your losses, and then some. With a system like this, you need to trade with a fixed risk at all times, whether that be high or low. if your broker doesn't deal well with MDP...either stop using MDP or switch to a better broker for MDP.
Make losses, but always come out a winner at the end.
Member Since Aug 16, 2010
453 posts
Dec 08, 2011 at 10:24
second that
Was mich nicht umbringt, macht mich stärker.
Dec 08, 2011 at 12:13
fughe posted:
The problem is, when you reduce your risk....you are also taking the chance of missing out on the set of trades that will make up for all of your losses, and then some. With a system like this, you need to trade with a fixed risk at all times, whether that be high or low. if your broker doesn't deal well with MDP...either stop using MDP or switch to a better broker for MDP.
It was my understanding that reducing risk wouldn't affect the sets of trades. It would reduce the lot sizes but the sets would be the same, so I don't see what you're saying.
Anyway, BoE appears to be a non event. Everything was kept unchanged and the market keeps ranging. Waiting for ECB, now.
Dec 08, 2011 at 12:49
Alec posted:
fughe posted:
The problem is, when you reduce your risk....you are also taking the chance of missing out on the set of trades that will make up for all of your losses, and then some. With a system like this, you need to trade with a fixed risk at all times, whether that be high or low. if your broker doesn't deal well with MDP...either stop using MDP or switch to a better broker for MDP.
It was my understanding that reducing risk wouldn't affect the sets of trades. It would reduce the lot sizes but the sets would be the same, so I don't see what you're saying.
Anyway, BoE appears to be a non event. Everything was kept unchanged and the market keeps ranging. Waiting for ECB, now.
That is exactly correct. Reducing risk reduces lot size. The number of trades is a different matter.
Make losses, but always come out a winner at the end.
Dec 08, 2011 at 13:03
(edited Dec 08, 2011 at 13:03)
lobotomy8 posted:
I noticed that brokers made spread wide just before EBC announcement, bastards
That is very common before news releases of any sort. Once the news is out, and the market has spiked (or not) the spread will return to normal. Basically nothing to worry about.
Make losses, but always come out a winner at the end.
Member Since Aug 16, 2010
453 posts
Dec 08, 2011 at 13:04
That's normal practice for any brokers besides bucket shops, who freeze the platform instead. There is a good reason for that: market makers withdraw liquidity from the interbank before significant news releases and brokers stand much bigger risks.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
453 posts
Dec 08, 2011 at 13:08
BTW, I had shut down now MDP live accounts for good: no more news but the conference, all these political talks-generated spikes proved to be deadly for MDP, 9/10 losses. Reasons for that is that dealers don't fade them unlike normal news spikes or more regular spikes due to big orders, etc.
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 16, 2010
453 posts
Dec 08, 2011 at 13:41
(edited Dec 08, 2011 at 13:42)
did you survive that two surges?
Was mich nicht umbringt, macht mich stärker.
Member Since Aug 12, 2011
40 posts
Dec 08, 2011 at 13:49
mistificator posted:
did you survive that two surges?
won 3 our of 5 trades. Small profit around 1%
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Dec 09, 2011 at 05:30
EA returned and I had to recover a 15% loss by manual trading.
MDP is a broker dependent roller coaster. I had high hopes for such a strategy, but no longer interested in MT4. Good luck to the others. You may want to try. PrimeX - Universal fx - Divisa - Finfx ECN Pro ( new) -
Anyone notice this Demo account's graph is quite Flat for the past month?
MDP is a broker dependent roller coaster. I had high hopes for such a strategy, but no longer interested in MT4. Good luck to the others. You may want to try. PrimeX - Universal fx - Divisa - Finfx ECN Pro ( new) -
Anyone notice this Demo account's graph is quite Flat for the past month?
Member Since May 21, 2011
47 posts
Dec 09, 2011 at 07:30
I used to use divisa about 2 months ago, mdp failed because slippage was horrible, 2 to 5 pips slippage. I'm using pepperstone now. I know it is horrible, but it still beats divisa, now looking for a new broker. Might go for iamfx
Armada Markets 5% discount, Axitrader $1.50 discount, IC markets $1.50 disc, LMAX 12% discount, Price Markets 5% disc, FinFX (accepts US traders) $0.7 ECN disc, Global Prime $1.50 discount, SynergyFX $3.50 discount, Blackwell Global $6 rebates - Abundance Trading
Dec 09, 2011 at 07:37
iwillsurvive posted:
I used to use divisa about 2 months ago, mdp failed because slippage was horrible, 2 to 5 pips slippage. I'm using pepperstone now. I know it is horrible, but it still beats divisa, now looking for a new broker. Might go for iamfx
2 to 5 pips slippage is not horrible, anything under 10 is ok.
Real accounts that place Your orders on market has slippage. If there is no slippage on ECN
account then You can suspect that You are not playing with the real market and if You
keep winning, something will change soon.
Based on above here is my story with Iamfx:
I was at Iamfx micro account. When I made about 400% (about 2 months trading) weird things started to happend. For 2 months I did not have slippage at all and then it started to slip as hell above,slippage reported by MDP was above 20 or even 30. So I withdraw what was left and closed account.
My theory here: at the beginning they played against me thinking I will lose, but I won, so they started to forward my trades to real market, however because their execution bridge is slow and sucks,slippage was huge. They also may played dirty tricks against me to recover the money I won with them.
I heard the bigger - standard account (from 2500 usd) has this problem (slippage) from the beginning.
My advise: if You have no account at Iamfx, try micro account, if there will be no slippage, trade it till You get slipped and then withdraw and close account at this shitty broker.
Better to lose an oportunity than a money
Member Since Aug 16, 2010
453 posts
Dec 09, 2011 at 07:59
Slippage is only justified when liquidity is not available, i.e. when market makers are withdrawn (before news or during Asia for example) or when market is moving one way (news spike), otherwise slippage should not occur in excess of few piplets. MDP does not trade spikes, it trades retracements, so entry should have little or no slippage at all, and exit might cause some slippage if spike continuation happens, but still not 'under 10 pips'. MDP mostly catches 2-3-5 pips, if your broker slips you under 10 pips and you are happy.... you must be the Salvation Army.
Was mich nicht umbringt, macht mich stärker.
Dec 09, 2011 at 08:05
Slippage is not only due to low liquidity but also due to very fast price movement.
I'm happy with slippage under or equal to 10 as MDP suggests. For that I get superior fast exec time around 300ms and a fair broker.
I'm happy with slippage under or equal to 10 as MDP suggests. For that I get superior fast exec time around 300ms and a fair broker.
Better to lose an oportunity than a money
Member Since Aug 16, 2010
453 posts
Dec 09, 2011 at 08:09
(edited Dec 09, 2011 at 08:11)
I assumed you use stop orders for entry and exit on trailing stop if you use market orders then yes, slippage is inevitable in most conditions.
PS I got what you mean by slippage of 10 pips, you refer to 10 piplets or 1.0 normal pip. Yes, it's pretty much ok in my book too, I was afraid of your mental health when heard about 10 full pips :)
PS I got what you mean by slippage of 10 pips, you refer to 10 piplets or 1.0 normal pip. Yes, it's pretty much ok in my book too, I was afraid of your mental health when heard about 10 full pips :)
Was mich nicht umbringt, macht mich stärker.
