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

dunkdenk
Oct 31 2011 at 07:23
85 posts
xiaoming2011
Oct 31 2011 at 07:29
33 posts

   dunkdenk posted:
   anyone know what was happened with USD/JPY?? 😲 MDP for JPY version cost me a lot because of it.. 😭 the price hikes from 75.60 to 78.65 within just 20 minutes 😲



Dollar spikes vs yen on intervention, Asian shares fall

https://money.msn.com/business-news/article.aspx?feed=OBR&date=20111031&id=14437563

moneytalks
Oct 31 2011 at 08:03
40 posts
Did someone else profit with mdp eurusd 1.16? Made me 85.6 pips?

leerees
Oct 31 2011 at 08:30
75 posts
This professor53 VPS thing is the biggest lol I have ever seen. The accounts on his server are all doing worse than most vps's. All he is doing is creating extra accounts on his VPS's VPS and selling them as 'private servers' LOL Ask him for the ip address of your 'private server' and perform a traceroute, I bet it'll come back to a well known VPS.

here is my account,

https://www.myfxbook.com/members/leerees/live-strategy-testing/141252

look from sep11 onwards, it was at this point that I started counter trading MDP with slug16.

Judging by all the wins you'd think I have some mega VPS, no my execution time is >1 sec and my ping is 500ms. Mass trades are always grouped together so the guy with 300ms will get the same fills as the guy with 500ms, there is no advantage. The broker knows when the MDP trades are all coming and hiding your comments field does absolutely nothing to stop them recognising them. This is a throwback from the old days when humans intercepted trades, now days all brokers use virtual dealer as it's faster.

All professor53 is selling you is a dream. The real problem here is a lack of liquidity, no matter which broker you use this will always be the case, even on ECN's. If liquidity isn't there price will move up and mdp gets stopped out.

You don't believe me yet, but you will because it's only a matter of time before the EUR/USD gaps and MDP will try to trade it thinking it's a high force move, this is where your whole account will get wiped out. Also because it's a gap there is no way for your broker to apply a margin call, meaning once the move is over you'll end up with a negative balance, you will OWE your broker money!

crashev
Oct 31 2011 at 08:38
320 posts
leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Better to lose an oportunity than a money
Dar Verer (mistificator)
Oct 31 2011 at 08:42
453 posts
My condolenses for the loss in uj, but Yen intervention was coming and everybody knew about it. I was staying away from any yen related stuff for 3 weeks at least now.

Was mich nicht umbringt, macht mich stärker.
Dar Verer (mistificator)
Oct 31 2011 at 08:49
453 posts
Leeres, I am a seasoned news trader and aspiring order flow trader so I know a lot about spikes, gaps and liquidity. In an event-drived flow spikes always happen AT THE BEGINNING of the move, where MDP is inactive, MDP is activated when price has traveled as far. GAPs tend to close so MDP trading against a gap is actually a good situation. Market opening has nothing to do with MDP, as unless you are trading on a dreadful bucket shop your spreads will be wide and MDP will stay away, besides that market may gap on opening immediately, there is not a single chance mDp will be a in trade.

PS and again liquidity has little to do with MDP, as MDP trades on the dealers foot steps - when spike starts the liquidity is dry and dealers and market markers have to provide it by taking positions counter to the move, the lesser the liquidity the faster and bigger the spike, however at some point they start to reverse spike by fading it as they need price to return to the level where their accumulated position's average price will be in profit, this is where MDP normally enters and follow brokers, which is a best type of trading in FX! Spikes resume when dealers cover their positions and market takes over, or not resumes if others can see no real reason for continuation and joined the dealers in fading the move.

Please stop post your uneducated nonsense.

Was mich nicht umbringt, macht mich stärker.
leerees
Oct 31 2011 at 09:06
75 posts

   mistificator posted:
   Leeres, I am a seasoned news trader and aspiring order flow trader so I know a lot about spikes, gaps and liquidity. In an event-drived flow spikes always happen AT THE BEGINNING of the move, where MDP is inactive, MDP is activated when price has traveled as far. GAPs tend to close so MDP trading against a gap is actually a good situation. Market opening has nothing to do with MDP, as unless you are trading on a dreadful bucket shop your spreads will be wide and MDP will stay away, besides that market may gap on opening immediately, there is not a single chance mDp will be a in trade.

PS and again liquidity has little to do with MDP, as MDP trades on the dealers foot steps - when spike starts the liquidity is dry and dealers and market markers have to provide it by taking positions counter to the move, the lesser the liquidity the faster and bigger the spike, however at some point they start to reverse spike by fading it as they need price to return to the level where their accumulated position's average price will be in profit, this is where MDP normally enters and follow brokers, which is a best type of trading in FX! Spikes resume when dealers cover their positions and market takes over, or not resumes if others can see no real reason for continuation and joined the dealers in fading the move.

Please stop post your uneducated nonsense.


As someone who trades the DMA book I can confirm that you are 100% incorrect. If you was right and I was wrong I wouldn't be making money, I'd be loosing consistently, because my own trading strategy is dependant on riding off the back of large traders.

Gaps occur when supply or demand is grocely inbalanced, your broker cannot prevent gaps, no matter how he chooses to fill clients orders the gap is still there because it has been created by the market as a whole.

You are right MDP's spread detection will stop it entering a lot of gaps, but believe me the day when liquidity is there before the gap, this is when the spread will be ripe for entry and MDP will fall into the honey trap.

leerees
Oct 31 2011 at 09:07
75 posts

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?


Slug16 is a bot that uses a strategy similar to MDP, it enters the trades earlier and profits from the price movements of MDP. It sometimes counter trades MDP depending on the force of the price movement.

Dar Verer (mistificator)
Oct 31 2011 at 11:51
453 posts
I think you are confused. MDP does not cause any market movements, it's just too small for it and trades mostly on artificial market created by dealers. What you are doing is simply front-running MDP, it has nothing to do with one winning and another one losing, both can be winning or losing. HFT of Hedge Funds front-run dealers frequently, there is nothing new here.

You are right about why gaps do happen and brokers don't care to prevent them, however in dealer market gaps maybe small or non-existent, this is from experience trading them. However it has nothing do to with MDP, as in 99% gaps are created by the initial liquidity shock, when limits are withdrawn from the market and one-way movement started consuming all the liquidity along the way. In most cases dealers will push the market back to fill the remaining pending orders including most importantly their own to balance their inventories, this is where MDP enters and profits from the price falling back. Extremely rarily happens when gaps are created after the initial spike, this does not happen on news planned or not, only on interventions or catastrophic events. However those who trade on ECN/STP brokers will be protected by risen spread as MDP won't trade market where spreads are huge. On famous JPY pairs failure in 2010 when market fell by 500 or so pips in a minute, interbank spreads were reported to be 100-150 pips huge. MDP wouldn't suffer a bit, however technical traders paid the price since their stops were indeed gapped and stopped out far away from the intended price.

   leerees posted:
   

   mistificator posted:
   Leeres, I am a seasoned news trader and aspiring order flow trader so I know a lot about spikes, gaps and liquidity. In an event-drived flow spikes always happen AT THE BEGINNING of the move, where MDP is inactive, MDP is activated when price has traveled as far. GAPs tend to close so MDP trading against a gap is actually a good situation. Market opening has nothing to do with MDP, as unless you are trading on dreadful bucket shop your spreads will be wide and MDP will stay away, besides that market may gap on opening immediately, there is not a single chance mDp will be a in trade.

PS and again liquidity has little to do with MDP, as MDP trades on the dealers foot steps - when spike starts the liquidity is dry and dealers and market markers have to provide it by taking positions counter to the move, the lesser the liquidity the faster and bigger the spike, however at some point they start to reverse spike by fading it as they need price to return to the level where their accumulated position's average price will be in profit, this is where MDP normally enters and follow brokers, which is a best type of trading in FX! Spikes resume when dealers cover their positions and market takes over, or not resumes if others can see no real reason for continuation and joined the dealers in fading the move.

Please stop post your uneducated nonsense.


As someone who trades the DMA book I can confirm that you are 100% incorrect. If you was right and I was wrong I wouldn't be making money, I'd be loosing consistently, because my own trading strategy is dependant on riding off the back of large traders.

Gaps occur when supply or demand is grocely inbalanced, your broker cannot prevent gaps, no matter how he chooses to fill clients orders the gap is still there because it has been created by the market as a whole.

You are right MDP's spread detection will stop it entering a lot of gaps, but believe me the day when liquidity is there before the gap, this is when the spread will be ripe for entry and MDP will fall into the honey trap.


Was mich nicht umbringt, macht mich stärker.
Please login to comment .