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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

Fred_Forex
Mar 09 2012 at 14:00
117 posts
No trades at IBFX(AU) today at NFP! 😭
2 independent trades at 2nd broker for a gain of 1.6 %, 1 trade at third, but loss of 0.5%!
Very strange.
Who else is sharing some results? Thanks.
Cheers
Fred

Eddie_Morra
Mar 09 2012 at 14:03
29 posts
Yes, no trade for me at IBFX (AU) too. I guess because the spread increased to 9 pips for some seconds :(

To become old and wise you have to be young and stupid first.
Fred_Forex
Mar 09 2012 at 14:13
117 posts
He got trades at IBFX, at similar times as I had at my 2nd broker:
https://www.myfxbook.com/members/oldchartreader/oldchartreader/247371

During those times spread was 2.7 and 2.6 maximum and 1.8 on average on IBFX. The spike in spread was earlier.
Oh well, no trade means also no loss, at least.
Good weekend everybody!
Cheers
Fred

CBuilder
Mar 09 2012 at 14:26
26 posts
1 trade, 6 pips, thinkforex demo

Dar Verer (mistificator)
Mar 09 2012 at 14:28
453 posts
demo haha

Was mich nicht umbringt, macht mich stärker.
marsie
Mar 10 2012 at 00:48
18 posts
DaggerDirk
Mar 10 2012 at 02:18
4 posts
A word from an insightful insider. Version 3.87 of Metaquotes Trade manager (nicknamed 'the slug') was issued to participating brokers on 29 Oct 2011 to defeat MDP and a couple of other lesser known scalpers. It works via recognition of accounts utilizing these EA's and injecting a flux spread into trade sequences that creates mayhem with the MDP modus operandi in particular.

Metaquotes always responds eventually to overtures from brokers for measures to defeat EA's that are affecting their bottom lines. ThinkForex was one of the first brokers to adopt anti-MDP measures, but soon widened their policy as the benefits became apparent. They are now one of the worst execution delay brokers to be found. Ultimately they will reap the whirlwind in loss of clientele.

Sorry to be the bearer of bad tidings, however those optimistically and stoically pressing on with MDP and the 'free' EA Forex AutoScalper (to name but two being targeted) - well they are pushing excrement up a steep incline and brokers universally say 'thank you' for your persistence. MT4 is a bad EA platform simply because it is so vulnerable to broker intervention via provision to brokers of bespoke interventionist tools. Refund while you can - or just shelve it.

willgart
Mar 10 2012 at 02:38
588 posts
because you think a broker cannot do some intervention using other platforms????
lol
your signal always go through their servers no matter the client tool. so they can do everything on their side all the time.

why we don't read 'problems' like this with the other paltform?
there is far less users of the other platform, some of them are expensive and available to big traders and companies only. the type of professional customers asking for top performance from the broker.
they pay the big price to be the first in the pipeline.
these platform didn'T have the same market share and accessibility to the developpers. so its harder to find some EAs.

but for sure if an EA appear and the broker dislike the trading type, they'll cause you issues (delays etc...) like they do with MT4.

except if you pay for a contract to insure the performance of your signal.

so MT4 is a good platform doing a good job; simply take a look at the number of EA able to get incredible profits with quick trades (like MDP)
. the problem is at the broker side...

DaggerDirk
Mar 10 2012 at 04:39
4 posts
MT4 is in use by 96.4% of retail brokers and obviously any profitable EA or automated strategy is going to impact them individually and collectively (i.e. their liquidity providers). It therefore makes statistical sense for them to automagically 'interfere' with the EA's profitability in much the same way that they spread widen and delay execution during news events. If you can't bring yourself to believe in this chicanery, just go on doing what you're doing and keep complaining here and elsewhere about the poor performance of MDP..... and the magical coincidences of its sudden downturn in performance. This latter isn't something that you can fob off as a function of market volatility - simply because MDP trades often take less than a minute to execute (but are very vulnerable to digital manipulation over that time-span).

No-one said that MT4 isn't a basic 'good platform'. It's just that it, and in particular, its free data-feed is everywhere the choice of us dumb-asses - and it's precisely that fact that makes us very vulnerable to brokers doing whatever they like to us - with the complicity of the MT4 creator, the House of Metaquotes. Together they make quite an evil cartel that's not unlike any casino that modifies their roulette wheels to favour the house. Brokers love losers.

Dar Verer (mistificator)
Mar 10 2012 at 17:17
453 posts
I can confirm this story as I got hit hard at ThinkForex on 30th October, they denied any order modification when MDP fired, and execution for order opening took 5-10 seconds, instead of previously good execution of 600-700 ms. They denied everything (they always do) and refused to adjust for losses that accounted for about 15% account loss.


   DaggerDirk posted:
   A word from an insightful insider. Version 3.87 of Metaquotes Trade manager (nicknamed 'the slug') was issued to participating brokers on 29 Oct 2011 to defeat MDP and a couple of other lesser known scalpers. It works via recognition of accounts utilizing these EA's and injecting a flux spread into trade sequences that creates mayhem with the MDP modus operandi in particular.

Metaquotes always responds eventually to overtures from brokers for measures to defeat EA's that are affecting their bottom lines. ThinkForex was one of the first brokers to adopt anti-MDP measures, but soon widened their policy as the benefits became apparent. They are now one of the worst execution delay brokers to be found. Ultimately they will reap the whirlwind in loss of clientele.

Sorry to be the bearer of bad tidings, however those optimistically and stoically pressing on with MDP and the 'free' EA Forex AutoScalper (to name but two being targeted) - well they are pushing excrement up a steep incline and brokers universally say 'thank you' for your persistence. MT4 is a bad EA platform simply because it is so vulnerable to broker intervention via provision to brokers of bespoke interventionist tools. Refund while you can - or just shelve it.

Was mich nicht umbringt, macht mich stärker.
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