Million Dollar Pips Discussion

   mistificator posted:
   Leeres, I am a seasoned news trader and aspiring order flow trader so I know a lot about spikes, gaps and liquidity. In an event-drived flow spikes always happen AT THE BEGINNING of the move, where MDP is inactive, MDP is activated when price has traveled as far. GAPs tend to close so MDP trading against a gap is actually a good situation. Market opening has nothing to do with MDP, as unless you are trading on a dreadful bucket shop your spreads will be wide and MDP will stay away, besides that market may gap on opening immediately, there is not a single chance mDp will be a in trade.

PS and again liquidity has little to do with MDP, as MDP trades on the dealers foot steps - when spike starts the liquidity is dry and dealers and market markers have to provide it by taking positions counter to the move, the lesser the liquidity the faster and bigger the spike, however at some point they start to reverse spike by fading it as they need price to return to the level where their accumulated position's average price will be in profit, this is where MDP normally enters and follow brokers, which is a best type of trading in FX! Spikes resume when dealers cover their positions and market takes over, or not resumes if others can see no real reason for continuation and joined the dealers in fading the move.

Please stop post your uneducated nonsense.

As someone who trades the DMA book I can confirm that you are 100% incorrect. If you was right and I was wrong I wouldn't be making money, I'd be loosing consistently, because my own trading strategy is dependant on riding off the back of large traders.

Gaps occur when supply or demand is grocely inbalanced, your broker cannot prevent gaps, no matter how he chooses to fill clients orders the gap is still there because it has been created by the market as a whole.

You are right MDP's spread detection will stop it entering a lot of gaps, but believe me the day when liquidity is there before the gap, this is when the spread will be ripe for entry and MDP will fall into the honey trap.

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Slug16 is a bot that uses a strategy similar to MDP, it enters the trades earlier and profits from the price movements of MDP. It sometimes counter trades MDP depending on the force of the price movement.

I think you are confused. MDP does not cause any market movements, it's just too small for it and trades mostly on artificial market created by dealers. What you are doing is simply front-running MDP, it has nothing to do with one winning and another one losing, both can be winning or losing. HFT of Hedge Funds front-run dealers frequently, there is nothing new here.

You are right about why gaps do happen and brokers don't care to prevent them, however in dealer market gaps maybe small or non-existent, this is from experience trading them. However it has nothing do to with MDP, as in 99% gaps are created by the initial liquidity shock, when limits are withdrawn from the market and one-way movement started consuming all the liquidity along the way. In most cases dealers will push the market back to fill the remaining pending orders including most importantly their own to balance their inventories, this is where MDP enters and profits from the price falling back. Extremely rarily happens when gaps are created after the initial spike, this does not happen on news planned or not, only on interventions or catastrophic events. However those who trade on ECN/STP brokers will be protected by risen spread as MDP won't trade market where spreads are huge. On famous JPY pairs failure in 2010 when market fell by 500 or so pips in a minute, interbank spreads were reported to be 100-150 pips huge. MDP wouldn't suffer a bit, however technical traders paid the price since their stops were indeed gapped and stopped out far away from the intended price.

   leerees posted:
   

   mistificator posted:
   Leeres, I am a seasoned news trader and aspiring order flow trader so I know a lot about spikes, gaps and liquidity. In an event-drived flow spikes always happen AT THE BEGINNING of the move, where MDP is inactive, MDP is activated when price has traveled as far. GAPs tend to close so MDP trading against a gap is actually a good situation. Market opening has nothing to do with MDP, as unless you are trading on dreadful bucket shop your spreads will be wide and MDP will stay away, besides that market may gap on opening immediately, there is not a single chance mDp will be a in trade.

PS and again liquidity has little to do with MDP, as MDP trades on the dealers foot steps - when spike starts the liquidity is dry and dealers and market markers have to provide it by taking positions counter to the move, the lesser the liquidity the faster and bigger the spike, however at some point they start to reverse spike by fading it as they need price to return to the level where their accumulated position's average price will be in profit, this is where MDP normally enters and follow brokers, which is a best type of trading in FX! Spikes resume when dealers cover their positions and market takes over, or not resumes if others can see no real reason for continuation and joined the dealers in fading the move.

Please stop post your uneducated nonsense.

As someone who trades the DMA book I can confirm that you are 100% incorrect. If you was right and I was wrong I wouldn't be making money, I'd be loosing consistently, because my own trading strategy is dependant on riding off the back of large traders.

Gaps occur when supply or demand is grocely inbalanced, your broker cannot prevent gaps, no matter how he chooses to fill clients orders the gap is still there because it has been created by the market as a whole.

You are right MDP's spread detection will stop it entering a lot of gaps, but believe me the day when liquidity is there before the gap, this is when the spread will be ripe for entry and MDP will fall into the honey trap.

There seems to be another spike today.
I did not have any trades as it seems that my broker blocked me:



2011.10.31 06:21:03 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: Number of subsequently repeated orders reached limit (5)
2011.10.31 06:21:03 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
2011.10.31 06:21:03 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
2011.10.31 06:21:03 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
2011.10.31 06:21:03 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
2011.10.31 06:21:02 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
2011.10.31 06:21:02 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 90:8,1: WARN Unable to create SELLSTOP price:1.40249 SL:1.40369 TP:1.40118

Anyone knows what does it exactly mean? Or how to prove its brokers fault ?

Price moved back faster than broker could place stop orders. I.e. slow execution.

   mistificator posted:
   Price moved back faster than broker could place stop orders. I.e. slow execution.

Do we have to look for another broker that has fast execution? Can we ask the broker how fast is
their execution? I'm quite not certain on how to find this execution time.

Tks in advance.

   jsintl posted:
   

   mistificator posted:
   Price moved back faster than broker could place stop orders. I.e. slow execution.

Do we have to look for another broker that has fast execution? Can we ask the broker how fast is
their execution? I'm quite not certain on how to find this execution time.

Tks in advance.

If you already have an account with the broker just let Million Dollar Pips make one round of trades (you can use the lowest risk possible for that; 0.01) and afterwards you can see the execution time displayed on your chart.

If you are looking for a new broker, you can just ask them what their average execution time is. You will most likely get an honest answer. But keep in mind that the execution time when trading with Million Dollar Pips will likely be substantially higher!!

As a reference point, if a broker's average execution time is under 300ms, then that's excellent. 300ms - 500ms is more usual and still very good.

I hope this helps.

Jud.

The execution time speeds are not the same in normal market conditions and volality conditions. In volatile market conditions the ex. time speeds become more...And MDP can only work in volality conditions so it's very difficult to get MDP's maximum performance. It's a sweet dream...:)

I don't mean to spam you guys, but I just thought that since I'm already here I'd let you know that we just made one of our money management accounts available on RentASignal. They seem to be really good, all of our >250 trades so far with them have been executed to perfection!

We just finished our first month on there, and we had an equity growth of close to 50%. Feel free to check it out; https://rentasignal.com/signal/view/35638

Anyway, I don't mean to be spammy, I just though that since you guys are all into making money, this might tingle your interest=)

Jud.

This has nothing to do with volatile markets or MDP trading, it is simply that MDP shows average execution time for the whole bunch of trades. Try to test in parallel several platforms with max orders set to 8 another to 2-3 and another to 1 and see how big difference will be.

   mcymcy posted:
   The execution time speeds are not the same in normal market conditions and volality conditions. In volatile market conditions the ex. time speeds become more...And MDP can only work in volality conditions so it's very difficult to get MDP's maximum performance. It's a sweet dream...:)

   leerees posted:
   This professor53 VPS thing is the biggest lol I have ever seen. The accounts on his server are all doing worse than most vps's. All he is doing is creating extra accounts on his VPS's VPS and selling them as 'private servers' LOL Ask him for the ip address of your 'private server' and perform a traceroute, I bet it'll come back to a well known VPS.

here is my account,

https://www.myfxbook.com/members/leerees/live-strategy-testing/141252

look from sep11 onwards, it was at this point that I started counter trading MDP with slug16.

Judging by all the wins you'd think I have some mega VPS, no my execution time is >1 sec and my ping is 500ms. Mass trades are always grouped together so the guy with 300ms will get the same fills as the guy with 500ms, there is no advantage. The broker knows when the MDP trades are all coming and hiding your comments field does absolutely nothing to stop them recognising them. This is a throwback from the old days when humans intercepted trades, now days all brokers use virtual dealer as it's faster.

All professor53 is selling you is a dream. The real problem here is a lack of liquidity, no matter which broker you use this will always be the case, even on ECN's. If liquidity isn't there price will move up and mdp gets stopped out.

You don't believe me yet, but you will because it's only a matter of time before the EUR/USD gaps and MDP will try to trade it thinking it's a high force move, this is where your whole account will get wiped out. Also because it's a gap there is no way for your broker to apply a margin call, meaning once the move is over you'll end up with a negative balance, you will OWE your broker money!

Leeres, I did a google on slug16 and could not find this bot, could you please post the link to this bot?

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Really. I am one of his customers and I am not lazy or naive. I have developed many expert advisors and indicators and so has he. He is more of a programmer and I am the trader. I use him for reasons you probably won't understand. I believe this is the second time I have had to post responses to your attacks against someone. Currently, I have developed a Tick Ratio Indicator that I am testing to create a spike trading system much like MDP. I know exactly what I am doing. Furthermore, I spend many years with Merrill Lynch as an advisor and technical analyst and have in excess of 50 years of experience in financial markets. I am 65 years old and started charting stocks (it was called graphing then) when I was only 8 years old. If you want to attack people I suggest you do your homework and get the facts and not make unfounded assertions.

   leerees posted:

here is my account,

https://www.myfxbook.com/members/leerees/live-strategy-testing/141252

look from sep11 onwards, it was at this point that I started counter trading MDP with slug16.

looks a litle bit funny for me when i compare the trades with my GoMarket Live Account.

for example:
my trades:

10.03.2011 17:03
10.03.2011 17:05 EURUSD Buy 0.60 1.32394 1.32687 1.32438 1.32478 4.0 24.00 1m 0.91%

10.03.2011 17:03
10.03.2011 17:05 EURUSD Buy 0.30 1.32402 1.32832 1.32433 1.32483 5.0 15.00 1m 0.57%

10.03.2011 17:03
10.03.2011 17:05 EURUSD Buy 0.30 1.32402 1.32752 1.32433 1.32481 4.8 14.40 1m 0.55%

10.03.2011 17:03
10.03.2011 17:05 EURUSD Buy 0.30 1.32402 1.32992 1.32433 1.32485 5.2 15.60 1m 0.60%

you account:
10.03.2011 17:03 10.03.2011 17:05 EURUSD Buy 0.12 1.32482 1.32613 1.32451 1.32482 3.1 2.41 1m 0.20%
10.03.2011 17:03 10.03.2011 17:05 EURUSD Buy 0.12 1.32482 1.32613 1.32451 1.32482 3.1 2.41 1m 0.20%
10.03.2011 17:03 10.03.2011 17:05 EURUSD Buy 0.12 1.32497 1.32598 1.32414 1.32497 8.3 6.44 1m 0.55%
10.03.2011 17:03 10.03.2011 17:05 EURUSD Buy 0.12 1.32497 1.32598 1.32419 1.32497 7.8 6.05 1m 0.52%
10.03.2011 17:03 10.03.2011 17:05 EURUSD Buy 0.12 1.32497 1.32598 1.32419 1.32497 7.8 6.05 1m 0.51%

next example:

my account:
09.12.2011 20:38
09.12.2011 20:39 EURUSD Sell 0.24 1.36195 1.35838 1.36178 1.35987 19.1 45.84 50s 1.76%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36237 1.35888 1.36179 1.36171 0.8 1.84 1m 0.07%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36232 1.35894 1.36179 1.36170 0.9 2.07 1m 0.08%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36232 1.35904 1.36179 1.36167 1.2 2.76 1m 0.11%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36202 1.35914 1.36179 1.36149 3.0 6.90 1m 0.27%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36202 1.35821 1.36179 1.36137 4.2 9.66 1m 0.38%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36237 1.35819 1.36179 1.36149 3.0 6.90 1m 0.27%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36202 1.35786 1.36191 1.36137 5.4 12.42 1m 0.49%

09.12.2011 20:37
09.12.2011 20:38 EURUSD Sell 0.23 1.36202 1.35679 1.36179 1.36127 5.2 11.96 1m 0.47%

09.12.2011 20:36
09.12.2011 20:36 EURUSD Sell 0.23 1.36135 1.35394 1.36039 1.36067 -2.8 -6.44 19s -0.25%

you account:
09.12.2011 20:38 09.12.2011 20:39 EURUSD Sell 0.06 1.36098 1.35993 1.36186 1.36035 15.1 5.73 50s 0.89%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36151 1.35978 1.36208 1.36151 5.7 2.16 1m 0.34%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36153 1.35978 1.36191 1.36153 3.8 1.44 1m 0.23%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36147 1.35978 1.36173 1.36147 2.6 0.98 1m 0.15%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36147 1.35968 1.36173 1.36147 2.6 0.98 1m 0.15%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36116 1.35993 1.36173 1.36116 5.7 2.16 1m 0.34%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36116 1.35975 1.36173 1.36116 5.7 2.16 1m 0.34%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36116 1.36008 1.36173 1.36116 5.7 2.16 1m 0.34%
09.12.2011 20:37 09.12.2011 20:38 EURUSD Sell 0.06 1.36116 1.35988 1.36173 1.36116 5.7 2.16 1m 0.34%
09.12.2011 20:36 09.12.2011 20:36 EURUSD Sell 0.06 1.36053 1.35877 1.36039 1.36053 -1.4 -0.54 18s -0.09%

my account:
10.20.2011 11:31
10.20.2011 11:34 EURUSD Sell 0.34 1.38171 1.37887 1.38149 1.37988 16.1 54.74 2m 1.87%

10.20.2011 11:31
10.20.2011 11:34 EURUSD Sell 0.17 1.38171 1.37887 1.38149 1.37996 15.3 26.01 2m 0.87%

10.20.2011 11:30
10.20.2011 11:34 EURUSD Sell 0.17 1.38175 1.37728 1.38309 1.37989 32.0 54.40 3m 1.90%

10.20.2011 11:30
10.20.2011 11:34 EURUSD Sell 0.15 1.38166 1.36557 1.38318 1.37984 33.4 50.10 3m 1.85%

10.20.2011 11:30
10.20.2011 11:34 EURUSD Sell 0.34 1.38166 1.37192 1.38318 1.37984 33.4 113.56 3m 4.12%

10.20.2011 11:30
10.20.2011 11:34 EURUSD Sell 0.41 1.38166 1.36496 1.38318 1.37998 32.0 131.20 3m 5.31%

10.20.2011 11:30
10.20.2011 11:34 EURUSD Sell 0.32 1.38166 1.36493 1.38318 1.37996 32.2 103.04 3m 3.96%

10.20.2011 11:30
10.20.2011 11:30 EURUSD Sell 0.41 1.38158 1.37684 1.38020 1.38158 -13.8 -56.58 14s -2.24%
10.20.2011 11:29
10.20.2011 11:30 EURUSD Sell 0.16 1.38005 1.37658 1.37907 1.37957 -5.0 -8.00 38s -0.32%

10.20.2011 11:29
10.20.2011 11:30 EURUSD Sell 0.32 1.38005 1.37658 1.37908 1.37947 -3.9 -12.48 37s -0.49%

10.20.2011 11:29
10.20.2011 11:29 EURUSD Sell 0.43 1.37970 1.37710 1.37938 1.37879 5.9 25.37 43s 1.01%

10.20.2011 11:29
10.20.2011 11:29 EURUSD Sell 0.42 1.37985 1.37632 1.37943 1.37890 5.3 22.26 42s 0.90%

10.20.2011 11:29
10.20.2011 11:29 EURUSD Sell 0.43 1.37970 1.37693 1.37938 1.37883 5.5 23.65 42s 0.95%

you account:
10.20.2011 11:30 10.20.2011 11:34 EURUSD Sell 0.13 1.38076 1.37396 1.38309 1.37988 32.1 26.47 3m 2.10%
10.20.2011 11:30 10.20.2011 11:34 EURUSD Sell 0.13 1.38076 1.37247 1.38325 1.37987 33.8 27.87 3m 2.36%
10.20.2011 11:30 10.20.2011 11:34 EURUSD Sell 0.13 1.38076 1.37247 1.38325 1.37989 33.6 27.71 3m 2.30%
10.20.2011 11:30 10.20.2011 11:34 EURUSD Sell 0.13 1.38076 1.37401 1.38325 1.37989 33.6 27.71 3m 2.24%
10.20.2011 11:32 10.20.2011 11:34 EURUSD Sell 0.13 1.38116 1.37950 1.38128 1.37984 14.4 11.88 2m 1.02%
10.20.2011 11:31 10.20.2011 11:34 EURUSD Sell 0.13 1.38077 1.37989 1.38260 1.37989 27.1 22.35 2m 2.03%
10.20.2011 11:31 10.20.2011 11:34 EURUSD Sell 0.13 1.38077 1.37989 1.38260 1.37989 27.1 22.35 2m 1.99%
10.20.2011 11:31 10.20.2011 11:34 EURUSD Sell 0.13 1.38079 1.37987 1.38260 1.37987 27.3 22.51 2m 1.97%
10.20.2011 11:31 10.20.2011 11:31 EURUSD Sell 0.13 1.38172 1.38030 1.38261 1.38172 8.9 7.34 39s 0.67%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37916 1.37783 1.37931 1.37916 1.5 1.33 48s 0.12%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37916 1.37760 1.37908 1.37916 -0.8 -0.71 36s -0.06%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37916 1.37760 1.37908 1.37916 -0.8 -0.71 36s -0.06%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37916 1.37783 1.37897 1.37916 -1.9 -1.69 35s -0.15%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37936 1.37709 1.37909 1.37936 -2.7 -2.40 36s -0.22%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37936 1.37738 1.37909 1.37936 -2.7 -2.40 36s -0.22%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37901 1.37775 1.37940 1.37901 3.9 3.46 47s 0.32%
10.20.2011 11:29 10.20.2011 11:30 EURUSD Sell 0.14 1.37901 1.37798 1.37940 1.37901 3.9 3.46 47s 0.32%

need more ? it must be a great counter strategy to the mdp you use ...

respect!

   oldchartreader posted:
   

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Really. I am one of his customers and I am not lazy or naive. I have developed many expert advisors and indicators and so has he. He is more of a programmer and I am the trader. I use him for reasons you probably won't understand. I believe this is the second time I have had to post responses to your attacks against someone. Currently, I have developed a Tick Ratio Indicator that I am testing to create a spike trading system much like MDP. I know exactly what I am doing. Furthermore, I spend many years with Merrill Lynch as an advisor and technical analyst and have in excess of 50 years of experience in financial markets. I am 65 years old and started charting stocks (it was called graphing then) when I was only 8 years old. If you want to attack people I suggest you do your homework and get the facts and not make unfounded assertions.

DITTO!!!

   mistificator posted:
   respect!

   oldchartreader posted:
   

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Really. I am one of his customers and I am not lazy or naive. I have developed many expert advisors and indicators and so has he. He is more of a programmer and I am the trader. I use him for reasons you probably won't understand. I believe this is the second time I have had to post responses to your attacks against someone. Currently, I have developed a Tick Ratio Indicator that I am testing to create a spike trading system much like MDP. I know exactly what I am doing. Furthermore, I spend many years with Merrill Lynch as an advisor and technical analyst and have in excess of 50 years of experience in financial markets. I am 65 years old and started charting stocks (it was called graphing then) when I was only 8 years old. If you want to attack people I suggest you do your homework and get the facts and not make unfounded assertions.

   leerees posted:
   

   crashev posted:
   leerees: No risk no fun.

Professor53 is just a spammer trying to make money on lazy or naive people.

btw. What is slug16 ?

Slug16 is a bot that uses a strategy similar to MDP, it enters the trades earlier and profits from the price movements of MDP. It sometimes counter trades MDP depending on the force of the price movement.

Quote from your Live strategy tester page: Slug16: Added, Candle deviator that hunts MDP users trades. MDP is a loosing strategy due to market saturation, Slug16 takes advantage of that fact and counter trades MDP. Slug16 has never been tested on a MT4 broker so in all honestly I don't know if this will work. We shall see.

I don't see any counter trades of MDP...and since you said MDP is a losing strategy, why would you use a bot that trades the same as MDP. You've probably just adjusted AC or NO on MDP to enter trades earlier. You're nothing but a big poser.

Especially funny that it is 'a loosing strategy' LOL. The stats of my accounts from yesterday (EURUSD) and today (GBPUSD) show different:)

   geektrader posted:
   Especially funny that it is 'a loosing strategy' LOL. The stats of my accounts from yesterday (EURUSD) and today (GBPUSD) show different:)

Can you please publish your account Geektrader?

Quote from your Live strategy tester page: Slug16: Added, Candle deviator that hunts MDP users trades. MDP is a loosing strategy due to market saturation, Slug16 takes advantage of that fact and counter trades MDP. Slug16 has never been tested on a MT4 broker so in all honestly I don't know if this will work. We shall see.

If you claim that market is saturated, than slug16 should saturate it even more :)))).

It smells like Slug16 pre-advertising....