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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

willgart
Sep 07 2011 at 21:54
588 posts
its GallantVPS for the VPS
and Alpari US for the broker.

it least IrisFX works fine and produce good results ;)
DanielNWA Trading (Danielnwa)
Sep 07 2011 at 22:34
90 posts
Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D

fughe posted:
    
Danielnwa posted:
    Huh, I wonder why they created that crappy US server then=D Isn't their main server located in Finland somewhere? I wonder what VPS they recommend? If their main server is located in a sort of 'exotic' location they must have a specific VPS that they recommend to their clients...

fughe posted:
    
Danielnwa posted:
    Are you guys trying the FinFx real ECN account not the micro or mini? I've heard there's a huge difference between the two(or three=D).

The results on that account you shared are fantastic. Probably the best I've seen for MDP! Probably due to IBFX's almost obsessive emphasis on execution=D

I wonder what the performance would be like with Oanda and MB Trading? Two very much HONEST brokers...

I am running MDP in their ECN account live. I am currently preparing to relocate my VPS to the UK somewhere. They told me that the US server was slower than the main server and I checked it. From my VPS in california, i still get a faster execution speed from the main server than I do the US server. 800ms US vs about 700ms main.

Well....it turns out that their 'crappy' US server is a lot better than nearly every other broker I am seeing feedback about. The reason is for order flow handling and backup. The reason the US server is slower is not because it is a poor quality server. It is because their primary liquidity connection is in the UK.

Their server isn't really in an exotic location. At least not by my estimation. I would consider exotic something like FXOpen has....like Saudi Arabia. I just don't consider the UK to be exotic. Anyway, I asked about VPS servers. They sent a list of several and included ping times for each. The best server on their list was ticking in at an average of 2ms ping. They do not offer any 'cheap' vps packages. Only serious traders would get an account here....or wealthy....depends on how you want to view it.....~$120/month for the cheapest win-based VPS.
Don't work hard, work smart.
Antny (fughe)
Sep 07 2011 at 23:20
724 posts

Danielnwa posted:
    Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D

Hmmm.....you probably don't realize that the london session is the main session of the world. The london session has about 33% of the world volume traded. In comparison...the NY session has about 18% of the volume. If you are judging by markets, then the Sydney session is the most exotic of the 4 big markets. I am guessing that you are a US resident by your outlook. Regardless, just to keep the information accurate....technically the UK forex session is the center of the trading world.
Make losses, but always come out a winner at the end.
Star
Sep 07 2011 at 23:25
52 posts
Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?

Antny (fughe)
Sep 07 2011 at 23:42
724 posts

Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?



I am interested in this information too.
Make losses, but always come out a winner at the end.
DanielNWA Trading (Danielnwa)
Sep 08 2011 at 00:03
90 posts
You clearly know your Forex Fughe!

fughe posted:
    
Danielnwa posted:
    Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D

Hmmm.....you probably don't realize that the london session is the main session of the world. The london session has about 33% of the world volume traded. In comparison...the NY session has about 18% of the volume. If you are judging by markets, then the Sydney session is the most exotic of the 4 big markets. I am guessing that you are a US resident by your outlook. Regardless, just to keep the information accurate....technically the UK forex session is the center of the trading world.
Don't work hard, work smart.
Antny (fughe)
Sep 08 2011 at 00:31
724 posts
I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.
Make losses, but always come out a winner at the end.
DanielNWA Trading (Danielnwa)
Sep 08 2011 at 01:08
90 posts
Wow that's really impressing Fughe! So what 'accessories' do you use to base your trading on? I can't believe only price action, not from the 1 minute chart, as there is very little order over there... I would love to get an insight into how you trade bank flow in this way=) Sounds very interesting...

fughe posted:
    I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.
Don't work hard, work smart.
Bill_New_2FX
Sep 08 2011 at 03:24
19 posts

fughe posted:
    
Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?



I am interested in this information too.

im running JPY version on the same account. trades dont happen often. but when there is trade, it tends to happen the same time as the EUR pair. i think the frequency has been down since the Japan Central Bank tries to curb the appreciation of the Yen.

It's more accurate and profitable though.
u can see the developer's myfxbook of the JPY here


https://www.myfxbook.com/members/milliondpips/million-dollar-pips-usdjpy/148236
Ivan Shane (ike22)
Sep 08 2011 at 03:35
16 posts
Bill_New_2FX where did you buy usdjpy? cant find the link
Bill_New_2FX
Sep 08 2011 at 03:40
19 posts

ike22 posted:
    Bill_New_2FX where did you buy usdjpy? cant find the link

On the Thank You page after you purchase the EUR version
Ivan Shane (ike22)
Sep 08 2011 at 04:05
16 posts
so i have to pay again for usdjpy if i buy eurusd? is there any way to buy just only the usdjpy?
Antny (fughe)
Sep 08 2011 at 04:13
724 posts

Danielnwa posted:
    Wow that's really impressing Fughe! So what 'accessories' do you use to base your trading on? I can't believe only price action, not from the 1 minute chart, as there is very little order over there... I would love to get an insight into how you trade bank flow in this way=) Sounds very interesting...

fughe posted:
    I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.

I am using the data feed from www.orderbookfx.com to make my trade decisions. It isn't a direct EBS feed, but the results end up giving me the same information. Plus, if I ever wanted to, I can upgrade the data package to include EBS data. It is literally just watching what the banks and big institutions are doing and then placing my trades based on what they are doing.
Make losses, but always come out a winner at the end.
Antny (fughe)
Sep 08 2011 at 04:48
724 posts

ike22 posted:
    so i have to pay again for usdjpy if i buy eurusd? is there any way to buy just only the usdjpy?

Yes. Buy the USDJPY and return the EURUSD version.
Make losses, but always come out a winner at the end.
DanielNWA Trading (Danielnwa)
Sep 08 2011 at 06:12
90 posts
Wow, this is super exciting stuff! I wasn't aware of this resource. Thanks! I mean I've seen this kind of 3D view of the market before offered with 'the fancy version' of some brokers' platforms, like FXCM, but that just shows what their client are doing. It's a WHOLE different thing when you can see what the big money is doing right? And I think I really get it now when you say that it's absolutely critical that you remain 100% alert in your trading, if I understand correctly and you have to literally just sit there and wait for the orders to stack up heavily on one side or the other... Do you usually use the 'sentiment' to trade with(that bar on top of the grid to turn really green or red) or do you use the grid to place pending orders with the big institutions(where a lot of orders have stacked up)?

fughe posted:
    
Danielnwa posted:
    Wow that's really impressing Fughe! So what 'accessories' do you use to base your trading on? I can't believe only price action, not from the 1 minute chart, as there is very little order over there... I would love to get an insight into how you trade bank flow in this way=) Sounds very interesting...

fughe posted:
    I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.

I am using the data feed from www.orderbookfx.com to make my trade decisions. It isn't a direct EBS feed, but the results end up giving me the same information. Plus, if I ever wanted to, I can upgrade the data package to include EBS data. It is literally just watching what the banks and big institutions are doing and then placing my trades based on what they are doing.
Don't work hard, work smart.
Antny (fughe)
Sep 08 2011 at 06:37
724 posts

Danielnwa posted:
    Wow, this is super exciting stuff! I wasn't aware of this resource. Thanks! I mean I've seen this kind of 3D view of the market before offered with 'the fancy version' of some brokers' platforms, like FXCM, but that just shows what their client are doing. It's a WHOLE different thing when you can see what the big money is doing right? And I think I really get it now when you say that it's absolutely critical that you remain 100% alert in your trading, if I understand correctly and you have to literally just sit there and wait for the orders to stack up heavily on one side or the other... Do you usually use the 'sentiment' to trade with(that bar on top of the grid to turn really green or red) or do you use the grid to place pending orders with the big institutions(where a lot of orders have stacked up)?

For the most part. They have another indie that can be attached to an mt4 chart that displays the order sentiment in a 'MACD' looking fashion...that is the best I can describe it. Anyway....other than that....you have it correct. You MUST be on full alert to trade properly.

And yes....it changes everything when you see what the banks are doing. Most days, I feel like they are just handing me money and I have to click the accept button to take it. That said...and because I know a lot of people will read this.....this system is not for everyone. It requires your undivided attention. a trade entry/exit can come and go in a matter of a couple seconds. I have had trades with a target of +0.1 pip before...and have had trades that seem to just keep going.

They say the system works on any time frame....eh....that's debatable. Personally, i think it starts falling apart if you go above the 1 minute chart. I used to trade using the hour and 4 hour, or 15min...etc. Now if I do that, I feel like I am trying to trade blind. It is VERY different from anything else.

I would like to add a final note though. IF you give yourself time to adjust....it is easy. How long??? That depends on the person. I tend to understand whatever I study almost immediately. It took me about 15 minutes before I had my first trade...which was a winner. From what i am told, MOST people require a solid 2 weeks or more to understand. Even if it takes 4 weeks....that is still a very brief time period to catch on to an awesome system.
Make losses, but always come out a winner at the end.
DMFXTrader
Sep 08 2011 at 07:18
61 posts

fughe posted:
    
Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?



I am interested in this information too.

I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings)

It does trade at the same time as the EU version but I think it has also traded by itself.
Dar Verer (mistificator)
Sep 08 2011 at 07:26
453 posts
Fudge, thanks a lot for info! Could you please describe your system in few words? Just to grasp the principle. I believe you are trading spread, like many futures traders and stock traders do. But how it exactly it works? BTW I have found that the best volume information in FX you can get is on Dukascopy, they provide with real bid offer volume from the interbank they are connected to (and they are connected to almost all major banks and prime brokers), but on the MT4 side tick volume seems to be the best from TF, in almost all cases it corresponds with real volume data from Dukas even though it is still tick volume, but it is possible to use with VSA. However I understand you aren't trading VSA, but the order book. But please share the basics. Thanks man!

fughe posted:
    

For the most part. They have another indie that can be attached to an mt4 chart that displays the order sentiment in a 'MACD' looking fashion...that is the best I can describe it. Anyway....other than that....you have it correct. You MUST be on full alert to trade properly.

And yes....it changes everything when you see what the banks are doing. Most days, I feel like they are just handing me money and I have to click the accept button to take it. That said...and because I know a lot of people will read this.....this system is not for everyone. It requires your undivided attention. a trade entry/exit can come and go in a matter of a couple seconds. I have had trades with a target of +0.1 pip before...and have had trades that seem to just keep going.

They say the system works on any time frame....eh....that's debatable. Personally, i think it starts falling apart if you go above the 1 minute chart. I used to trade using the hour and 4 hour, or 15min...etc. Now if I do that, I feel like I am trying to trade blind. It is VERY different from anything else.

I would like to add a final note though. IF you give yourself time to adjust....it is easy. How long??? That depends on the person. I tend to understand whatever I study almost immediately. It took me about 15 minutes before I had my first trade...which was a winner. From what i am told, MOST people require a solid 2 weeks or more to understand. Even if it takes 4 weeks....that is still a very brief time period to catch on to an awesome system.
Was mich nicht umbringt, macht mich stärker.
Dar Verer (mistificator)
Sep 08 2011 at 07:27
453 posts
Good info could you tell us what broker and settings?
Thanks

DMFXTrader posted:
    
fughe posted:
    
Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?



I am interested in this information too.

I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings)

It does trade at the same time as the EU version but I think it has also traded by itself.
Was mich nicht umbringt, macht mich stärker.
DMFXTrader
Sep 08 2011 at 07:45
61 posts
mistificator posted: Good info could you tell us what broker and settings? Thanks
DMFXTrader posted:
fughe posted:
Star posted: Is anyone trading with USDJPY version ? Are you getting good results with it ? Does it ever trade at the same time as EURUSD version ?
I am interested in this information too.
I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings) It does trade at the same time as the EU version but I think it has also traded by itself.

I am using GoMarkets with default settings and FIFO = false. :)
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