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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

Pakfx
Aug 12 2011 at 05:36
286 posts

pipsquick1957 posted:
      Profeeor53, first of all I dont have any details on you so called live account sir, secondly the whole purpose of buying any EA is to see if it can duplicate the demo results that is being run in this case with Mt Fx book/forex peace army, and to collaborate with the vendor/author of the EA to ask questions.

 So when the author stops answering emails, and not giving us as a group proof of his live account with Think Forex, then I smell a rat. Your results with IBFX will not be anywhere close to his T.F. demo, that I can guarantee because ibfx does not have the lowest spreads, and you are have to deal with FIFO BS.

BTW, I am not getting the same results on my Think Forex demo as he is getting, so thats also a concern for me. I was also not able to get anywhere near the same results for the back testing as he did.

Professor53 posted:
    Look up my live account with investor access if you need a live account.
Aloha

pipsquick1957 posted:
    William is not answering my emails now, and I have asked him for his live Think Forex live statement or log in details over 1 week ago, and no response, so this is not very good.

 He has said in a previous email that his live Think Forex account trades matched the demo here, but everyone has been asking him for live statements for 3 months now, and nothing yet, so that smells like a rat to me. We will soon see, but I am not going to open new account, get VPS and lose money if I cant get any proof or support for that matter.




Simple if you want to get the same result. then go and have ECN account that starts with 2500USD/ and apply for the broker VPS that they will give you for free when u deposit 2500$.

then you will get the same result i bet. if the vendor is not giving any response might he will be busy, he is also a human he might have some other works as well. it might get delay but that doesnt mean he is not responding.
Professor53 and i am getting good result we dont care why we get a bit diff result but at the end we got some good result and we know if we go to ECN account then we can have the same.


lots of ppl are earning some good funds with mdp. remember lower the spread lower the order time execution the better result you get

Hope that helps.

Press F1 for help or Dial 911.
Antny (fughe)
Aug 12 2011 at 18:00
724 posts
Does anyone know of (or have experience with) whether or not MDP works with FXOpen's ECN account. As far as i am aware, there should be nothing hindering it from doing so. It meets the low spread and fast execution requirements. Plus there are no restrictions form placing pending orders close to the bid/ask price.

I have read in a couple places where people had some trouble with the stop orders getting rejected but they didn't say if the account was ECN or not. I know this EA would not work on their non ECN accounts because of the order closing in less than one bar and limitations on pending order placements.

Anyway....hopefully someone will know.

Make losses, but always come out a winner at the end.
Pakfx
Aug 12 2011 at 19:53
286 posts

fughe posted:
    Does anyone know of (or have experience with) whether or not MDP works with FXOpen's ECN account. As far as i am aware, there should be nothing hindering it from doing so. It meets the low spread and fast execution requirements. Plus there are no restrictions form placing pending orders close to the bid/ask price.

I have read in a couple places where people had some trouble with the stop orders getting rejected but they didn't say if the account was ECN or not. I know this EA would not work on their non ECN accounts because of the order closing in less than one bar and limitations on pending order placements.

Anyway....hopefully someone will know.


actually the fact is no one is using any ECN account. but the truth is ECN account for any broker will suite MDP. but the prob is ECN account need to high deposit and almost every one is using it on less deposit account. so thats why every one is complaining that MDP is not working for them.
any how v 1.1.6 is less broker sensitive
we just have to chose low spread broker with good vps. so one can get less latency to operate orders.
Im willing to start it on ECN account.

Press F1 for help or Dial 911.
Cinar (mcymcy)
Aug 12 2011 at 20:49
270 posts
My demo test was finished with iamfx. The orders are nearly same as here. Next week i'll fund and start a little real account in iamfx. Their spreads usually 1,5 and i make some ex tests and everything seems good.

Also i opened a fxopen ecn demo. But the extest results are very high. (3 times slover than iamfx)

I also want to try the MDP on fxopens ecn.

Antny (fughe)
Aug 12 2011 at 21:12
724 posts

mcymcy posted:
    My demo test was finished with iamfx. The orders are nearly same as here. Next week i'll fund and start a little real account in iamfx. Their spreads usually 1,5 and i make some ex tests and everything seems good.

Also i opened a fxopen ecn demo. But the extest results are very high. (3 times slover than iamfx)

I also want to try the MDP on fxopens ecn.


What were the results of your timing tests?

Make losses, but always come out a winner at the end.
Antny (fughe)
Aug 12 2011 at 21:26
724 posts
Normally, I look at demo account tests with some validity. With MDP, demo accounts have zero validity except to say that in a perfect environment it succeeds.

The biggest challenges to MDP are slippage and execution speed. In a demo account, slippage doesn't happen. So, you always get perfect order fills. In the real world, you will only sometimes get the price you send the order for. It will almost always be slipped by at least a few tenths of a pip. This would be no big deal if your target is 20 pips, or 50pips, or greater. When you are trying for 1 pip, or 4 pips...then slippage becomes a huge deal.

You could get slipped 5-10 pips on a 20 pip target and still easliy come out ahead without re-adjusting you target. If that happens with MDP....instant loser. Since it trades in highly volatile market movements...the chance of that happening increases tremendously. So, I understand why everyone is making such a massively huge deal about MDP and demo accounts being unreliable.

That said....we all know that the concept is very possible. The big hedge funds use this concept with their direct-to-market mainframes. MDP is essentially trying to use the same concept but make it available to retail traders. The only problem is you speed. How fast can your connection to your broker operate??? If you can't operate fast enough, you can't win.


Make losses, but always come out a winner at the end.
Cinar (mcymcy)
Aug 12 2011 at 21:39
270 posts

fughe posted:
    
mcymcy posted:
    My demo test was finished with iamfx. The orders are nearly same as here. Next week i'll fund and start a little real account in iamfx. Their spreads usually 1,5 and i make some ex tests and everything seems good.

Also i opened a fxopen ecn demo. But the extest results are very high. (3 times slover than iamfx)

I also want to try the MDP on fxopens ecn.


What were the results of your timing tests?


Iamfx 200-250ms

Fxopen 600-750ms

Antny (fughe)
Aug 12 2011 at 21:45
724 posts
Those timings are very good on Iamfx. Best i have seen anywhere as a matter of fact. I am getting 400ms with FXOpen but my VPS is a little over 1500 miles away from the server location.

One good thing about my ECN account is, my effective spread (spread plus commission). The real spread averages around 0.7 pip and the commission is 0.25pip. So my effective spread sits at about 1 pip.

Make losses, but always come out a winner at the end.
SmoothHedge
Aug 13 2011 at 01:13
52 posts

fughe posted:
    Does anyone know of (or have experience with) whether or not MDP works with FXOpen's ECN account. As far as i am aware, there should be nothing hindering it from doing so. It meets the low spread and fast execution requirements. Plus there are no restrictions form placing pending orders close to the bid/ask price.

I have read in a couple places where people had some trouble with the stop orders getting rejected but they didn't say if the account was ECN or not. I know this EA would not work on their non ECN accounts because of the order closing in less than one bar and limitations on pending order placements.

Anyway....hopefully someone will know.


FXOpen ECN rejects most trading attempts by MDP. It gives Invalid Stoploss errors. This might lead some to believe that it is a pretend ECN broker. If you configure your hard and trailing stops to false, you will get more trades. FXOpen isn't working as well as it used to, probably because all the MDP users overwhelm the servers at the same time. This will likely be the case for all brokers, their success will be short lived once the MDP community learns of them. Think Forex for example has an average execution time of 29seconds these days (as of last week).

Professor53
Aug 13 2011 at 02:19
795 posts
IAMFX will not take USA clients anymore.

So thats leaves me out and Im still using IBFX and fifo rules with 50:1 ratio and still doing well.
I emailed finfx and they say there is no speed difference betweeen a small $100 account and a big $250K account.

I might start a small account with finfx and try them on real money and compare to ibfx.
Any thoughts on finfx real accounts anyone?
Aloha



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