Million Dollar Pips Discussion

   tradinfool posted:
   Would it make a difference on the slip if we set the lot size to a fixed number? For example, would a lot size of 1.0 be filled faster than say 1.03?

A lot depends on your broker. For instance....with FXOpen's ECN accounts... Anything under 1.0 lot was aggregated with other smaller orders first and then sent to market. This would cause a very small delay, and cause your position to reach the market at a delayed rate plus, unless all the other positions averaged out to be the price you are requesting, you will automatically get slipped to the price of the aggregation. If the position was 1.0 lot or greater, then it gets sent straight to market.

   mistificator posted:
   What I am saying even if you go with 0.01 lot position you will get slipped often enough, just due to the delay and price moved away. And it has nothing to do with liquidity - there was more than enough at the moment order went out, but price moved until it can get processed. It's about the latency and order processing speed.

   fughe posted:
Really? UNLIMITED liquidity at the price level......and you think that there would be slippage? Maybe you need to stop for a second and think about what I said, and what you said.

And therefore, your reference has nothing to do with my explanation.

   Danielnwa posted:
   Of course, some brokers might present you with 'unlimited' liquidity, but then again you are not trading with the market but a broker who trades against you;)

True, but even in their faux unlimited liquidity, they still follow the market. It isn't truly unlimited. If it was truly unlimited, you could drop a 99,999 Lot order in the market and you would get filled at your requested price, and the market would not move.....because there would be unlimited liquidity. This scenario will NEVER happen. It is only possible in theory.

What you are referring to, I prefer to call 'instant execution'. In that scenario, they just fill you at whatever price is current as soon as they receive your order.

Good morning all. Few trades this week so far its been slow. New people to MDP shouldnt worry about trades, your chance is coming.

Yeah true that, their 'unlimited' liquidity will still always be, well, limited:D

   fughe posted:
   

   Danielnwa posted:
   Of course, some brokers might present you with 'unlimited' liquidity, but then again you are not trading with the market but a broker who trades against you;)

True, but even in their faux unlimited liquidity, they still follow the market. It isn't truly unlimited. If it was truly unlimited, you could drop a 99,999 Lot order in the market and you would get filled at your requested price, and the market would not move.....because there would be unlimited liquidity. This scenario will NEVER happen. It is only possible in theory.

What you are referring to, I prefer to call 'instant execution'. In that scenario, they just fill you at whatever price is current as soon as they receive your order.

   Danielnwa posted:
   

   fughe posted:
Not sure if you realize this or not....but to move the market means you have to use up all available liquidity at a given price. If there is available liquidity you don't get any slippage. If there was infinite liquidity then the price would never change.

Excellent remark Fughe, people tend to overestimate/misunderstand liquidity; what it is and how it works. Granted, the FX markets are huge, but that does not mean there's infinite liquidity, especially within the same second! You can say that liquidity is virtually endless from just a frame of a couple of seconds; where you can pretty much always get in and out as you please, but from a frame of milliseconds the picture starts to change drastically. Of course you can't expect 1000's of traders all going in the same direction at the same millisecond to get instant fills! Especially not during spikes/strong movements which DO, as you've noted, contain LESS liquidity than 'usual' for orders in that particular direction, but more than 'usual' in the opposite direction. One only has to apply simple logic to realize this; if everyone's orders can be matched at this one price, there is no pressure in either direction. It's 50/50, an equilibrium. If however, people have to reach for lower and lower prices to find a match for their order to sell, clearly there's a lack of offers to buy that currency from you at the current price, and thus a lack of liquidity, and thus the price moves down 'looking' to find a 50/50 / equilibrium situation again...

You have a perfect understanding of it.

what you are writing here is what would be seen on exchange-based market, not on OTC, where are petty market makers who call themselves retail ECN. if you believe in retail forex being traded in open market you are very naive. but anyway, keep dreaming.

   mistificator posted:
   what you are writing here is what would be seen on exchange-based market, not on OTC, where are petty market makers who call themselves retail ECN. if you believe in retail forex being traded in open market you are very naive. but anyway, keep dreaming.

That is part of the point. The 'unlimited liquidity' is only a theory and cannot happen in the real world....in any market. You gotta remember, unlimited liquidity is ONLY a theory. Only useful for explaining how the market moves.

   fughe posted:
   

   hsolutionsinc posted:
   

   oldchartreader posted:
   Really??? Show us the money. Post your actual results not just a request for money. Are you telling us that you have four live real money accounts that show a superior profit to what others are posting. Get real. Show us the money. Prove it in the forum. Otherwise go away.

Don't need to prove anything to you. Period. Take it or leave it. Simple. You are just another loafter and looser here. Spend your time complaining and writing senseless posts. Go spend your time honing some skills and stop blaming a great product. The right broker and settings generate great results. Unlike any I have seen. I don't give away hard work.

Seriously? Even the EA scammers have to show some sort of proof that their EAs work. If you are getting good results on these brokers, you could have easily posted a link to an MDP screenshot....or setup a myfxbook account for each of the 4 brokers that shows you are getting good results. It would prove to everyone that you are profitable on these....prove that they are real accounts and not demos, etc.

At that point, you could justify a payment in advance of the information. You gotta remember, we are FOREX TRADERS. We are used to being scammed. The only people that are going to give you money are newbies who don't know any better.

If you are a forex trader don't rely on an EA. Put your skills to work. Since I'm not a scammer I don't need to live by the same rules you clain EA scammers use. Proving any statements is a waste of time. How many statements have you seen great results with and yet the products do not deliver. Did those do you any good. You all bought MDP based on posted results, why are you here complaining if you fail or the EA does not deliver.


I do not need your input. Keep it. Stop spamming. Others do not care about our chatter.

MDP is excellent. It works. It is simple to understand. The drawdown is small. Losing trades are properly handled. My only question is why there is not a universal licence for all charts as there must be some mileage in this.

And my point in using it is for illustrative purposes, to show that in very most cases slippage occurs not due broker's unavailability to fill the order at the price desired by trader, but simply because price has already moved by the time order gets into processing.

To illustrate it further, from my personal experience in absolute most cases when you trade news spike you get slipped same amount of pips be it .1 lot order or 20 lots, unless your broker executes smaller orders in house and doesn't slip at all and processes large orders by offseting them against their inventory and possibility to hedge on open market and therefore gives slippage. But these are rare and still reinforce the point: real order processing takes more time and will use latest price to fill the order, while bucket shop is more likely to fill you instantaneous at the price you called.

Many 'ECN' brokers initially trade against the trader, simply from assumption he is a loser and will lose money and therefore makes sense to trade against, as soon as they profile a 'winning' trader, they lose interest to offer in-house liquidity and offset his orders against market, increasing processing time and causing big slippages. I won't name brokers but I traded with several dozens and pattern stays the same.

   fughe posted:
   

   mistificator posted:
   what you are writing here is what would be seen on exchange-based market, not on OTC, where are petty market makers who call themselves retail ECN. if you believe in retail forex being traded in open market you are very naive. but anyway, keep dreaming.

That is part of the point. The 'unlimited liquidity' is only a theory and cannot happen in the real world....in any market. You gotta remember, unlimited liquidity is ONLY a theory. Only useful for explaining how the market moves.

   fxbootstraps posted:
   MDP is excellent. It works. It is simple to understand. The drawdown is small. Losing trades are properly handled. My only question is why there is not a universal licence for all charts as there must be some mileage in this.

Why should there be when the vendor can sell the EA for each pair separately?

yeah. why take 100 usd if 300 can be scooped.

   hsolutionsinc posted:
  
If you are a forex trader don't rely on an EA. Put your skills to work. Since I'm not a scammer I don't need to live by the same rules you clain EA scammers use. Proving any statements is a waste of time. How many statements have you seen great results with and yet the products do not deliver. Did those do you any good. You all bought MDP based on posted results, why are you here complaining if you fail or the EA does not deliver.

I do not need your input. Keep it. Stop spamming. Others do not care about our chatter.

I don't know about everyone else, but I blew MDP off when i first checked them out when they came out on the market specifically because they claimed to show live results, but had a demo account posted. The reason I got MDP was because I knew people who used it and were making money with it....and posted results from LIVE trading.

Nobody does anything in forex without showing proof of some sort. The only people who don't show proof are either trying to take you money and run or......hmmmm... no, I guess that is it....take your money and run. Other than that, they allow you to use the system first, and pay for it's performance later.

With that....I agree with you 'Stop spamming.' We are trying to protect the new traders from being ripped off. If you are serious, it won't take you more than 5 minutes max to setup 4 myfxbook accounts to follow your LIVE results that you claimed are doing so well. Download the myfxbook ea, put it on a chart, enter the info, and the rest is completely automated. Then you have your proof of live accounts, they can still remain secure, and nobody can say you are faking it anymore.

   mistificator posted:
   And my point in using it is for illustrative purposes, to show that in very most cases slippage occurs not due broker's unavailability to fill the order at the price desired by trader, but simply because price has already moved by the time order gets into processing.

To illustrate it further, from my personal experience in absolute most cases when you trade news spike you get slipped same amount of pips be it .1 lot order or 20 lots, unless your broker executes smaller orders in house and doesn't slip at all and processes large orders by offseting them against their inventory and possibility to hedge on open market and therefore gives slippage. But these are rare and still reinforce the point: real order processing takes more time and will use latest price to fill the order, while bucket shop is more likely to fill you instantaneous at the price you called.

Many 'ECN' brokers initially trade against the trader, simply from assumption he is a loser and will lose money and therefore makes sense to trade against, as soon as they profile a 'winning' trader, they lose interest to offer in-house liquidity and offset his orders against market, increasing processing time and causing big slippages. I won't name brokers but I traded with several dozens and pattern stays the same.

Okay, so we are talking about different things. We are both correct. The confusion is because you are talking about something different than I am. You are speaking of the constantly moving market in relation to the speed of order execution. I am talking about liquidity and the imbalance inherent in the system which causes the market to move.

Totally agree, same story. Was referenced to MDP by a high-profile account doing well from it exclusively.

   fughe posted:
   

   hsolutionsinc posted:
  
If you are a forex trader don't rely on an EA. Put your skills to work. Since I'm not a scammer I don't need to live by the same rules you clain EA scammers use. Proving any statements is a waste of time. How many statements have you seen great results with and yet the products do not deliver. Did those do you any good. You all bought MDP based on posted results, why are you here complaining if you fail or the EA does not deliver.

I do not need your input. Keep it. Stop spamming. Others do not care about our chatter.

I don't know about everyone else, but I blew MDP off when i first checked them out when they came out on the market specifically because they claimed to show live results, but had a demo account posted. The reason I got MDP was because I knew people who used it and were making money with it....and posted results from LIVE trading.

Nobody does anything in forex without showing proof of some sort. The only people who don't show proof are either trying to take you money and run or......hmmmm... no, I guess that is it....take your money and run. Other than that, they allow you to use the system first, and pay for it's performance later.

With that....I agree with you 'Stop spamming.' We are trying to protect the new traders from being ripped off. If you are serious, it won't take you more than 5 minutes max to setup 4 myfxbook accounts to follow your LIVE results that you claimed are doing so well. Download the myfxbook ea, put it on a chart, enter the info, and the rest is completely automated. Then you have your proof of live accounts, they can still remain secure, and nobody can say you are faking it anymore.

well... remember there is computers and network connections behind the scene.
The delay is also caused by the workflow required to complete a transaction between 2 servers.
1 server (called server A) send a message with the list of the seller for a price to its partners.
1 other server receive a request from MT4 (or a broker) to try to buy at a specific price
the server B found the Server A provide the right price, Server B send a request to server A.
Server A has to confirm the transaction and send a message to B to agree and finalize the transaction.

And when there is cancellation of the transaction because the slippage threshold is reached or the delay is other, Server B will search for another partner or try the request again.

This cycle takes some processing time with some network messages sent. Each of these small network & cpu processing time will growth significantly when each server sent thousands of requests.
the network delay can be 10ms with few transactions, and can growth to 200ms maybe.
The time required to confirm / cancel each individual transaction growth too, there is locks setup to insure there is no false transactions; 2buyers buying the same lot is protected by a computer transaction involving the 2 servers + the intermediate broker if any.

when there is only 1 partner for the broker, it can be optimized to process quickly the requests, but also can suffer performance issues from this unique partner. in another side a broker with multiple partners will suffer delays to receive the prices from everybody and then select the right one and do the process, but perofrmance impact of 1 partner can be bypassed by switching to another one...

all of these small delays and wait processes can become huge delays...
and add in the pipeline a priority set to a broker by its partner. so a broker can pay the partner to be first in the pipeline, and the smallest broker will be processed at the end... adding another delay.

no matter if there is liquidity or not. at the end the real delay is caused by the computers and the number of requests made in the world in this point in time.

Hello,

what is happen(d) with MDP? 😡

I see the website, its has very good results.

I buyed MDP 1.2.0
It not works. sometimes I get bad trades.
In 10 Days 2 trades only, and 2 trades loss.😡

I see, the EA on webpage has another properties as version 1.2.0, so i think, the EA is an another and the statement is an another. That smell bad.

Also I wrote to the support, that I will my money back, but no reaction to my mails.
Not the receive-control-backmail.
They not read the mails from there own support mail address. 😡

Now I inform PayPal, to get my money back.

Its a big fool, that we see results from an another EA and the buyed newer EA seems bullshit. 😡

The mail address by PayPal say, it seems to be the same company as ForexGrowthBot.
Is this the African Kenia Connection, who fools mutch peolpes?

End and out! 😡
I Buy never more products from this company.

Joe 😡

you have to take your time. the robot trades only in spikes. so there is no trades everydays.
wait 1 more week to see it in action, and then take the decision... of asking for your money back ;)
and then open a zulutrade account.
I won 700pips in 1 week with conservatives settings and only 500$
so 1 week here provides around 10 times more pips then mdp in a month...
lol

I'm in the process of creating a MDPBackEA, a robot which trade just after MDP do its job to try to get the missing pips from the robot.