Million Dollar Pips Discussion

Actually, HFT systems can target 3rd tier traders since they are in the 2nd tier of the market. This is because of the interaction between the brokers and their liquidity providers in connection with the liquidity providers and 2nd tier trading. Liquidity is liquidity. It doesn't matter where it is. If Bank of America has a transaction to exchange 10,000 euro for usd, and I am the only person on the planet who initiates a trade to exchange 10,000 usd for euro....my order will be matched with theirs. Even though they are tier 1 and I am tier 3. Now, the chance of that particular transaction ever happening is basically zero. But the scenario is legitimate. My order would not be matched directly to theirs, but would be filtered through several levels to make the match. My point is, don't delude yourself into thinking that any system in the market cannot affect you and you cannot affect any other system. The market is completely interconnected. Granted, it is much less likely for tier 1 transaction to interact with tier 2 than tier 1, and even more so for tier 3. Suffice to say that the interaction is very complex. Plus, it would be incredibly easy for someone to setup an HFT system via their own brokerage that would interact directly with tier 3 traders.

   mistificator posted:
   You should stop taking drugs for starters. To target MDP users you need to be a broker and then you can target MDP users who trade with you, but they will leave you pretty soon, or another smart ass will see you have a divergence from a feed from EBS or Reurters and will arb the ass out of you and leave you shattered to pieces. If it would be so simple everybody would be doing it. But sure, talk costs nothing. The only thing institutional HST can target is another institutional HST.

PS one full month in, 54% gain with 1.5% risk and never more than 5% DD. Haha.

LOL, you are wrong, you do not have to be a broker, anyone can target anyone, be it on a 5min chart or a 3s 'chart', as for HFT's well institutional HFT's provide the majority of liquidity to the market, without the HFT's there are wide spreads. They arb out the spread differences, but they also run bots to counter commercial EA's. I have one of them running on my system right now. I can't be bothered to provide youtube video proof because I don't care about you or your $50 account with 54% gain. Your loosing MDP trades will come just like everybody elses and you will end up with a blown account, just like everyone else.

Your ignorance is your enemy, and ultimately the endgame for your trading account.

You see the winning demo accounts and you want to believe, bit like those ufo madmen and ghost hunters.

   leerees posted:
   

   stoneflash posted:
   You're a sick predator, leerees

I'm sure that's what manual traders think about you, and pit traders think about manual traders.

I am a manual trader. Deliberately targetting newbie bot traders with their $200 accounts & a recent layoff slip in their pocket, trying to make the house payment is like going out & mugging a crippled old lady just for the sport of it..
This ain't the place to brag about it, Lee

   stoneflash posted:
   

   leerees posted:
   

   stoneflash posted:
   You're a sick predator, leerees

I'm sure that's what manual traders think about you, and pit traders think about manual traders.

I am a manual trader. Deliberately targetting newbie bot traders with their $200 accounts & a recent layoff slip in their pocket, trying to make the house payment is like going out & mugging a crippled old lady just for the sport of it..
This ain't the place to brag about it, Lee

I'm not here to brag, I'm trying to warn people away, especially newbies. I'm hoping the newbies will read my posts and think twice.

Of course if they are just going to argue and call me a lier then it's their loss isn't it, I tried and in my book that's the karma rebalanced ;-).

Just want to remind everyone at this point..... Trading forex is a ruthless business. For every trade you win, someone had to lose their money on the other side of your trade. This is one of the most cutthroat businesses on the face of the Earth. The best you can hope for is to be able to always be one step ahead of your opponent.

FX is full of big mouths. Running an EA that pretty much is doing opposite to MDP on a broker where MDP works badly (this is what you do) has nothing to do with targetting MDP. To target MDP you either need to be able to move the market, to move market even by 2-3 pips to hit MDP SL you need to come in with at least 50 Mio to start with, or you need to be a market maker where you can manipulate the feed. I am 100% sure you aren't either. Please educate yourself before continuing this conversation.

   leerees posted:
LOL, you are wrong, you do not have to be a broker, anyone can target anyone, be it on a 5min chart or a 3s 'chart', as for HFT's well institutional HFT's provide the majority of liquidity to the market, without the HFT's there are wide spreads. They arb out the spread differences, but they also run bots to counter commercial EA's. I have one of them running on my system right now. I can't be bothered to provide youtube video proof because I don't care about you or your $50 account with 54% gain. Your loosing MDP trades will come just like everybody elses and you will end up with a blown account, just like everyone else.

Your ignorance is your enemy, and ultimately the endgame for your trading account.

You see the winning demo accounts and you want to believe, bit like those ufo madmen and ghost hunters.

I never said systems like MDP or any widely popular retail systems cannot affect the general market - they can, however little. But since they are connected via retail brokerages the only way they affect the market is via brokers re-adjusting their inventory, and this is absolutely not necessary will be in sync with MDP orders, as brokers do this all the time to offset risks from all other traders and therefore creating a 'noise' shield for these trades. In any case, I just welcome the fact there are traders taking opposite positions to MDP - it means they provide us so much needed liquidity! Please also take positions against our news spike trades too, liquidity is badly needed there as well!! :D

Fughe, if Leerees will be taking opposite side of your trades at FinFX you won't get slipped, so you should welcome him as well. Fools and their money are invited everywhere!

   fughe posted:
   Actually, HFT systems can target 3rd tier traders since they are in the 2nd tier of the market. This is because of the interaction between the brokers and their liquidity providers in connection with the liquidity providers and 2nd tier trading. Liquidity is liquidity. It doesn't matter where it is. If Bank of America has a transaction to exchange 10,000 euro for usd, and I am the only person on the planet who initiates a trade to exchange 10,000 usd for euro....my order will be matched with theirs. Even though they are tier 1 and I am tier 3. Now, the chance of that particular transaction ever happening is basically zero. But the scenario is legitimate. My order would not be matched directly to theirs, but would be filtered through several levels to make the match. My point is, don't delude yourself into thinking that any system in the market cannot affect you and you cannot affect any other system. The market is completely interconnected. Granted, it is much less likely for tier 1 transaction to interact with tier 2 than tier 1, and even more so for tier 3. Suffice to say that the interaction is very complex. Plus, it would be incredibly easy for someone to setup an HFT system via their own brokerage that would interact directly with tier 3 traders.

   mistificator posted:
   I never said systems like MDP or any widely popular retail systems cannot affect the general market - they can, however little. But since they are connected via retail brokerages the only way they affect the market is via brokers re-adjusting their inventory, and this is absolutely not necessary will be in sync with MDP orders, as brokers do this all the time to offset risks from all other traders and therefore creating a 'noise' shield for these trades. In any case, I just welcome the fact there are traders taking opposite positions to MDP - it means they provide us so much needed liquidity! Please also take positions against our news spike trades too, liquidity is badly needed there as well!! :D

Fughe, if Leerees will be taking opposite side of your trades at FinFX you won't get slipped, so you should welcome him as well. Fools and their money are invited everywhere!

   fughe posted:
   Actually, HFT systems can target 3rd tier traders since they are in the 2nd tier of the market. This is because of the interaction between the brokers and their liquidity providers in connection with the liquidity providers and 2nd tier trading. Liquidity is liquidity. It doesn't matter where it is. If Bank of America has a transaction to exchange 10,000 euro for usd, and I am the only person on the planet who initiates a trade to exchange 10,000 usd for euro....my order will be matched with theirs. Even though they are tier 1 and I am tier 3. Now, the chance of that particular transaction ever happening is basically zero. But the scenario is legitimate. My order would not be matched directly to theirs, but would be filtered through several levels to make the match. My point is, don't delude yourself into thinking that any system in the market cannot affect you and you cannot affect any other system. The market is completely interconnected. Granted, it is much less likely for tier 1 transaction to interact with tier 2 than tier 1, and even more so for tier 3. Suffice to say that the interaction is very complex. Plus, it would be incredibly easy for someone to setup an HFT system via their own brokerage that would interact directly with tier 3 traders.

My post was not addressing your statement. It was just a general statement for informational purposes.

   walker36 posted:
   hi Nick

I am currently testing MDP on pepper demo. I am waitinf for pepper new server in US for live.
my values are
Avg. Exec. Time:664ms
Avg. Open Time:696ms
Avg. Modify Time:577ms

and my latency is from vps to pepper server is 223ms

can you please also give 3 values from MDP screen. also if you know your latency value of where your MDP running to Broker server

thanks
walker

   FOREX_MAKEMONEY posted:
   

   walker36 posted:
   Thank you Nıck appriciated.
also do you know your latency to the broker.

I am currently working on a project and you can vısıt my thread at https://www.myfxbook.com/community/experienced-traders/watch-this-video-can-be/148266,47

I am trying to eliminate broker slippage. this information will be very helpful.

walker

Hi Walker, the avg open time is 168 ms, is this what you mean by latency?

Hi Walker,

Avg. Exec. Time: 972ms
Avg. Open Time:119ms
Avg. Modify Time:935ms

I do not see latency from VPS to HOTFOREX on my screen...where should I look for this info? unless you will be able to calculate latency based on these 3 values...please let me know

welp.. I'm not getting any trades oin the US/JY to date.
.Does anyone have some decent settings they wouldn't mind sharing?
Privacy is assured... 😎

MDP EURUSD, just went through some Trades...
17 Trades - (8 Losses - 20.6pips/7 wins - 79.2 pips / Nett - 58.6 pips)

   jannie posted:
   MDP EURUSD, just went through some Trades...
17 Trades - (8 Losses - 20.6pips/7 wins - 79.2 pips / Nett - 58.6 pips)

Are these based on your own setting, because I do not see this results on this demo account or some other Live accounts.

The BUYS at 3500 were overall in the green =)

Great now Thinkforex servers are totally down for LIVE accounts, missed all the trades of today. :(

Curious, has anybody tried this bot on a fixed spread of 2 pip?? curious if it would do well with a fixed spread instead...
and has anybody been profitable from this bot in real account??

   bguguen posted:
   Curious, has anybody tried this bot on a fixed spread of 2 pip?? curious if it would do well with a fixed spread instead...
and has anybody been profitable from this bot in real account??

Yes, it never traded.

   ForexScam posted:
   

   jannie posted:
   MDP EURUSD, just went through some Trades...
17 Trades - (8 Losses - 20.6pips/7 wins - 79.2 pips / Nett - 58.6 pips)

Are these based on your own setting, because I do not see this results on this demo account or some other Live accounts.

The BUYS at 3500 were overall in the green =)

Yes, my own account on a Private VPS...IBFX

Oh, yes, and running 1.2

Hı Nick

thanks for the info. no I cant calculate it from that values. that should measured.
you can measure latency with ping. also you should do that if you are dealing with MDP.

https://www.myfxbook.com/community/experienced-traders/watch-this-video-can-be/148266,48#?pt=2&p=23&o=148266

read the 6th post to learn how to do it. Also latency < 50 ms or so does not mean that your connection is healty. you should monitor it.

regards
walker

   FOREX_MAKEMONEY posted:
   

   walker36 posted:
   hi Nick

I am currently testing MDP on pepper demo. I am waitinf for pepper new server in US for live.
my values are
Avg. Exec. Time:664ms
Avg. Open Time:696ms
Avg. Modify Time:577ms

and my latency is from vps to pepper server is 223ms

can you please also give 3 values from MDP screen. also if you know your latency value of where your MDP running to Broker server

thanks
walker

   FOREX_MAKEMONEY posted:
   

   walker36 posted:
   Thank you Nıck appriciated.
also do you know your latency to the broker.

I am currently working on a project and you can vısıt my thread at https://www.myfxbook.com/community/experienced-traders/watch-this-video-can-be/148266,47

I am trying to eliminate broker slippage. this information will be very helpful.

walker

Hi Walker, the avg open time is 168 ms, is this what you mean by latency?

Hi Walker,

Avg. Exec. Time: 972ms
Avg. Open Time:119ms
Avg. Modify Time:935ms

I do not see latency from VPS to HOTFOREX on my screen...where should I look for this info? unless you will be able to calculate latency based on these 3 values...please let me know

Sorry if it was asked before, does anyone know what version is the vendor's demo running? 1.16 or 1.2?
Thanks.