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
Dec 22, 2011 at 17:29
profix posted:
'MDP was not made to assist people who are already rich.'
Why do you post such nonsense?
Are you seriously asking this question?? Okay....let me explain. MDP only works if you don't trade position sizes that are very large. If the position size is very large, you get slippage. Slippage kills MDP. I hope I don't have to explain this any further.
Make losses, but always come out a winner at the end.
Dec 22, 2011 at 17:54
profix posted:
Its just not true.. I get easier filling with higher lot sizes. My best daily result was 9K by trading 98 full lots in total
You are the ONLY person I have seen trading large lot sizes who is having success. What broker are you running on?
Make losses, but always come out a winner at the end.
Dec 22, 2011 at 17:59
well... if you have a big account, you become a VIP for the broker.
lower spread, better performance... you fall into the high priority queue in their system.
when I read some information near every broker provides special spread etc for big accounts
so I will not be surprise if large account perform better than small ones.
lower spread, better performance... you fall into the high priority queue in their system.
when I read some information near every broker provides special spread etc for big accounts
so I will not be surprise if large account perform better than small ones.
Dec 22, 2011 at 18:01
willgart posted:
well... if you have a big account, you become a VIP for the broker.
lower spread, better performance... you fall into the high priority queue in their system.
when I read some information near every broker provides special spread etc for big accounts
so I will not be surprise if large account perform better than small ones.
That is a good point. I had not taken that into account.
Make losses, but always come out a winner at the end.
Dec 22, 2011 at 18:17
(edited Dec 22, 2011 at 18:21)
Hmmmm....98 full lots....and a $9k win is the biggest win.....
$980/pip.......so that means your biggest MDP win ever is approx +10pips. That is not very good. If that was the avg win, then you would be doing good with MDP. So....out of curiosity, has MDP been profitable overall, just breaking even, or losing? I gotta ask because everyone with very large accounts has not generally had good results.
$980/pip.......so that means your biggest MDP win ever is approx +10pips. That is not very good. If that was the avg win, then you would be doing good with MDP. So....out of curiosity, has MDP been profitable overall, just breaking even, or losing? I gotta ask because everyone with very large accounts has not generally had good results.
Make losses, but always come out a winner at the end.
Dec 22, 2011 at 18:38
It all depends on how good you are in negotiating with a broker and ofcourse of the volumes you can trade regards your trade capital and the provided leverage.
I get an average 30% lower spread by trading at least 150 full lot per month. So far I traded more than 1200 full lots over the last couple of months.
Dont ask for the broker, it wouldnt help you for the above mentioned reasons.
The disatvantage of such agreement: I couldnt get rebates additionaly by opening account through one of the rebate providers...
So in the end even on a smaller account you can make a killing by getting good rebates.
I get an average 30% lower spread by trading at least 150 full lot per month. So far I traded more than 1200 full lots over the last couple of months.
Dont ask for the broker, it wouldnt help you for the above mentioned reasons.
The disatvantage of such agreement: I couldnt get rebates additionaly by opening account through one of the rebate providers...
So in the end even on a smaller account you can make a killing by getting good rebates.
Dec 22, 2011 at 18:40
profix posted:
It all depends on how good you are in negotiating with a broker and ofcourse of the volumes you can trade regards your trade capital and the provided leverage.
I get an average 30% lower spread by trading at least 150 full lot per month. So far I traded more than 1200 full lots over the last couple of months.
Dont ask for the broker, it wouldnt help you for the above mentioned reasons.
The disatvantage of such agreement: I couldnt get rebates additionaly by opening account through one of the rebate providers...
So in the end even on a smaller account you can make a killing by getting good rebates.
Alright, that is making more sense now. Thanks for filling in the blanks!😄
Make losses, but always come out a winner at the end.
Dec 22, 2011 at 18:51
fughe posted:
Hmmmm....98 full lots....and a $9k win is the biggest win.....
$980/pip.......so that means your biggest MDP win ever is approx +10pips. That is not very good. If that was the avg win, then you would be doing good with MDP. So....out of curiosity, has MDP been profitable overall, just breaking even, or losing? I gotta ask because everyone with very large accounts has not generally had good results.
I wrote : a TOTAL of 98 lots on this day.. if you would have ever traded live or at least watched mdp on demo you would not calculate as you did LOL. These have been truckloads of single trades/ positions that summed up in hundreds of green pips and 98 full lots.
Beach is waiting..I wish you all a Merry X-Mas!
Dec 22, 2011 at 19:10
profix posted:
fughe posted:
Hmmmm....98 full lots....and a $9k win is the biggest win.....
$980/pip.......so that means your biggest MDP win ever is approx +10pips. That is not very good. If that was the avg win, then you would be doing good with MDP. So....out of curiosity, has MDP been profitable overall, just breaking even, or losing? I gotta ask because everyone with very large accounts has not generally had good results.
I wrote : a TOTAL of 98 lots on this day.. if you would have ever traded live or at least watched mdp on demo you would not calculate as you did LOL. These have been truckloads of single trades/ positions that summed up in hundreds of green pips and 98 full lots.
Beach is waiting..I wish you all a Merry X-Mas!
Then that still supports my original statement. If you try to trade large lot sizes, it kills MDP. Heck if you had a busy trading day with MDP and it took 20 trades in a day (have had that happen before), and you were only trading 15 lots per trade, that would be a total of 300 full lots in a day. 15 lots is not considered a large position size.
Anyway, Happy Holidays to everyone!!😁
Make losses, but always come out a winner at the end.
Member Since Aug 16, 2010
453 posts
Dec 22, 2011 at 22:04
Well, I had one of those big lot days too, but it was a losing day as move was bad (EFSF 1 Tr rumour when most of us lost bad) and TF refused modifications of my bigger lots (5-9 full lots per position) resulted in delays and some of the trades hitting 20 pips stop loss.. I learned quite a bit that day and prevented it from happening again but I did not feel any good treatment for trading big. Same experience with Oanda and Alpari. You go bigger lots - you get delays, rejected modifications, etc.
profix posted:
fughe posted:
Hmmmm....98 full lots....and a $9k win is the biggest win.....
$980/pip.......so that means your biggest MDP win ever is approx +10pips. That is not very good. If that was the avg win, then you would be doing good with MDP. So....out of curiosity, has MDP been profitable overall, just breaking even, or losing? I gotta ask because everyone with very large accounts has not generally had good results.
I wrote : a TOTAL of 98 lots on this day.. if you would have ever traded live or at least watched mdp on demo you would not calculate as you did LOL. These have been truckloads of single trades/ positions that summed up in hundreds of green pips and 98 full lots.
Beach is waiting..I wish you all a Merry X-Mas!
Was mich nicht umbringt, macht mich stärker.
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Dec 22, 2011 at 22:28
MistiFx (and anyone else trading many standard lots on MDP),
I don't post often mainly because I am happy with MDP and my VPS setup ( I use professor53 btw).
My question is... as my account begins to grow, at what quantity of standard lots traded does MDP begin to waiver? For various reasons, MDP cannot run forever. There will come a time that limitations of the broker will override the capabilities of MDP.
I know your answers will vary depending on broker. If I am told that anything up to x standard lots is good, I will not worry about it until I get close to that level. Then when I do and my setup begins to waiver, I will just start lowering my risk to maintain a current lot size or just make daily withdrawals to keep my balance at that trading level and enjoy the spoils from that particular account. That would also be a time to think about opening up another account and let that one grow to that level.
My question and my thoughts.
Happy Holidays all,
Scott
I don't post often mainly because I am happy with MDP and my VPS setup ( I use professor53 btw).
My question is... as my account begins to grow, at what quantity of standard lots traded does MDP begin to waiver? For various reasons, MDP cannot run forever. There will come a time that limitations of the broker will override the capabilities of MDP.
I know your answers will vary depending on broker. If I am told that anything up to x standard lots is good, I will not worry about it until I get close to that level. Then when I do and my setup begins to waiver, I will just start lowering my risk to maintain a current lot size or just make daily withdrawals to keep my balance at that trading level and enjoy the spoils from that particular account. That would also be a time to think about opening up another account and let that one grow to that level.
My question and my thoughts.
Happy Holidays all,
Scott
Member Since Aug 16, 2010
453 posts
Dec 23, 2011 at 00:12
Just keep looking on the trading and expert log for the errors, watch speed data too. If it's getting bad, open up more accounts at this and another brokers. Diversifying broker risk is always good. MF Global stands as an example and not the first one.
Was mich nicht umbringt, macht mich stärker.
forex_trader_27164
Member Since Jan 16, 2011
69 posts
Dec 23, 2011 at 01:44
(edited Dec 23, 2011 at 01:46)
There is another EA MDP alike for those don't know.
Member Since Nov 12, 2009
19 posts
Dec 23, 2011 at 03:27
hagenuk posted:
There is another EA MDP alike for those don't know.
What's t name of the EA and is it any good compare to MDP?
Dec 23, 2011 at 03:48
its thor, the link at the bottom of hagenuk post.
as you can see, the link contains its name as a referrer...
so if you get the robot from this link, he'll receive some money...
so... apparently this robot doesn't works correctly if the guy need additionnal money ;)
lol
as you can see, the link contains its name as a referrer...
so if you get the robot from this link, he'll receive some money...
so... apparently this robot doesn't works correctly if the guy need additionnal money ;)
lol
Member Since Aug 16, 2010
453 posts
Dec 23, 2011 at 07:07
Anyone has an experience with Oddbot and Forex Combo EURO? Saw it at the Birt's site, looks good. As usual interested more in a strategy than a bot itself to reprogram for a private use on non-MT4.
Was mich nicht umbringt, macht mich stärker.
