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Million Dollar Pips (By osarun )

The user has deleted this system.

Million Dollar Pips Discussion

osarun (osarun)
Jul 12 2011 at 05:39
55 posts

FXdome posted:
    
osarun posted:
    Suddenly slip became huge.
Wait to open accounts if you are thinking about Pepperstone.


I wonder why they suddenly widen the spread so much ? I thought they are a true ECN broker. They should be happy that there is a scalper EA like this one which will generate good commission for them so I wonder why they try to destory the good result of the ea by widen their spread. Something does not sound right here.


Until last week end, almost all trades were closed on just the prices of S/L and T/P at every 24h time.
But from this week, there are no trades that were closed on the price 'at all'. Largest slippage was over 10pips!!
Pepperstone went stark mad.

A bad trader always blames his chart.
osarun (osarun)
Jul 12 2011 at 06:06
55 posts
Replay from Pepperstone,

' What has recently changed over the weekend is the Stop Level on our platform which has moved from 0 pips to 2 pips - Potentially this is effecting your EA - If you EA set a TP/SL within this threshold and this may be the cause. '

Stop Pepperstone for MDP > all

A bad trader always blames his chart.
FXdome
Jul 12 2011 at 06:25
128 posts
It seems that the only broker for this EA is ThinkForex. I am running on Finfx and the result is not that good as Thinkforex. I think eventually all the brokers will kill this EA. The reason Pepperstone did the adjustment to the SL is because probaly they want to kill the ea so no one can make money. Brokers are always scammers

ivan shane (ike22)
Jul 12 2011 at 06:31
16 posts

osarun posted:
    Replay from Pepperstone,

' What has recently changed over the weekend is the Stop Level on our platform which has moved from 0 pips to 2 pips - Potentially this is effecting your EA - If you EA set a TP/SL within this threshold and this may be the cause. '

Stop Pepperstone for MDP > all


so your saying it will not close our trades within 0-2pips?

osarun (osarun)
Jul 12 2011 at 06:37
55 posts

ike22 posted:
    
osarun posted:
    Replay from Pepperstone,

' What has recently changed over the weekend is the Stop Level on our platform which has moved from 0 pips to 2 pips - Potentially this is effecting your EA - If you EA set a TP/SL within this threshold and this may be the cause. '

Stop Pepperstone for MDP > all


so your saying it will not close our trades within 0-2pips?



MDP trailing stop can't work well = impossible to make profitable closes.

A bad trader always blames his chart.
osarun (osarun)
Jul 12 2011 at 06:38
55 posts
I stopped this trade.

A bad trader always blames his chart.
SolarFX (forexma)
Jul 12 2011 at 14:32
1332 posts
Given the commissions it's already in loss I think.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
pc8multifx (pc8multifx)
Jul 12 2011 at 14:58
879 posts
forexma posted:
    Given the commissions it's already in loss I think.


No, commission got deducted already from the seen profit, hence the broker made more profit as the trader so far, its still a win win situation....😉

osarun (osarun)
Jul 12 2011 at 15:23
55 posts

forexma posted:
    Given the commissions it's already in loss I think.



result is pure amount.

A bad trader always blames his chart.
osarun (osarun)
Jul 12 2011 at 15:34
55 posts

pc8multifx posted:
    
forexma posted:
    Given the commissions it's already in loss I think.


No, commission got deducted already from the seen profit, hence the broker made more profit as the trader so far, its still a win win situation....😉


Razor makes 5 to over 10pips slippage each trade this week.
And they changed minimum stop policy from [0pips<] to [ 2pips<].
This is not quality of charged 'ECN' account.
Pepperstone is scammer too.

A bad trader always blames his chart.
basarabia
Jul 12 2011 at 16:02
12 posts
HI ALL. TRY THIS BROKER www.liteforex.mx and lets see your opinions :):)

SolarFX (forexma)
Jul 12 2011 at 19:26
1332 posts

basarabia posted:
    HI ALL. TRY THIS BROKER www.liteforex.mx and lets see your opinions :):)


This ain't broker, it's rather a joke.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
basarabia
Jul 12 2011 at 20:01
12 posts
JOKE? WHY? DO YOU TRY THIS BROKER? OR DO YOU NOW SOME BADE OPINION ABOUT THIS?
THANKS

DanielNWA Trading (Danielnwa)
Jul 12 2011 at 22:09
90 posts

basarabia posted:
    JOKE? WHY? DO YOU TRY THIS BROKER? OR DO YOU NOW SOME BADE OPINION ABOUT THIS?
THANKS



If the spread on EURUSD is 3 pips +, you can do a lot better...

Don't work hard, work smart.
DanielNWA Trading (Danielnwa)
Jul 12 2011 at 23:01
90 posts

FXdome posted:
    
osarun posted:
    Suddenly slip became huge.
Wait to open accounts if you are thinking about Pepperstone.


I wonder why they suddenly widen the spread so much ? I thought they are a true ECN broker. They should be happy that there is a scalper EA like this one which will generate good commission for them so I wonder why they try to destory the good result of the ea by widen their spread. Something does not sound right here.


ECN isn't all good. Like everything it has its positive as well as its negative sides. Usually the spread on a ECN account is much lower than on a fixed spread account, BUT during unusually volatile times the spread usually grows MANY times over... They didn't do it, the markets did it. And that's what's really a positive thing(depending on what you're doing of course), what's happening isn't manipulated by the broker, unlike on a fixed spread account... Don't blame Pepperstone for this=)

Don't work hard, work smart.
DanielNWA Trading (Danielnwa)
Jul 12 2011 at 23:06
90 posts

osarun posted:
    
pc8multifx posted:
    
forexma posted:
    Given the commissions it's already in loss I think.


No, commission got deducted already from the seen profit, hence the broker made more profit as the trader so far, its still a win win situation....😉


Razor makes 5 to over 10pips slippage each trade this week.
And they changed minimum stop policy from [0pips<] to [ 2pips<].
This is not quality of charged 'ECN' account.
Pepperstone is scammer too.


Apparently Pepperstone were only 'testing' a 0pip stop policy in the last few days/weeks, and they are going to implement a 0pip stop policy permanently in the future. What was really crappy of them is not notifying the traders about this. But then again I guess most wouldn't have predicted the effect this could have on MDP. But that's the thing with MDP, it's right on the edge of even being possible to operate on a commercial broker because it's just that tight... I agree with other traders that ThinkForex is one of the few brokers of sufficient quality to be able to (barely) run MDP successfully...

Don't work hard, work smart.
pc8multifx (pc8multifx)
Jul 12 2011 at 23:24
879 posts

Danielnwa posted:
    
osarun posted:
    
pc8multifx posted:
    
forexma posted:
    Given the commissions it's already in loss I think.


No, commission got deducted already from the seen profit, hence the broker made more profit as the trader so far, its still a win win situation....😉


Razor makes 5 to over 10pips slippage each trade this week.
And they changed minimum stop policy from [0pips<] to [ 2pips<].
This is not quality of charged 'ECN' account.
Pepperstone is scammer too.


Apparently Pepperstone were only 'testing' a 0pip stop policy in the last few days/weeks, and they are going to implement a 0pip stop policy permanently in the future. What was really crappy of them is not notifying the traders about this. But then again I guess most wouldn't have predicted the effect this could have on MDP. But that's the thing with MDP, it's right on the edge of even being possible to operate on a commercial broker because it's just that tight... I agree with other traders that ThinkForex is one of the few brokers of sufficient quality to be able to (barely) run MDP successfully...



How do you know about their 0pip stop policy IN THE FUTURE ?😲

DanielNWA Trading (Danielnwa)
Jul 12 2011 at 23:39
90 posts

pc8multifx posted:
    
Danielnwa posted:
    
osarun posted:
    
pc8multifx posted:
    
forexma posted:
    Given the commissions it's already in loss I think.


No, commission got deducted already from the seen profit, hence the broker made more profit as the trader so far, its still a win win situation....😉


Razor makes 5 to over 10pips slippage each trade this week.
And they changed minimum stop policy from [0pips<] to [ 2pips<].
This is not quality of charged 'ECN' account.
Pepperstone is scammer too.


Apparently Pepperstone were only 'testing' a 0pip stop policy in the last few days/weeks, and they are going to implement a 0pip stop policy permanently in the future. What was really crappy of them is not notifying the traders about this. But then again I guess most wouldn't have predicted the effect this could have on MDP. But that's the thing with MDP, it's right on the edge of even being possible to operate on a commercial broker because it's just that tight... I agree with other traders that ThinkForex is one of the few brokers of sufficient quality to be able to (barely) run MDP successfully...



How do you know about their 0pip stop policy IN THE FUTURE ?😲


Hehe that's only the words of Pepperstone themselves of course=D

Like a certain someone once said: 'Prediction is very difficult, especially about the future.' So why even bother?

Don't work hard, work smart.
basarabia
Jul 13 2011 at 03:40
12 posts

Danielnwa posted:
    
basarabia posted:
    JOKE? WHY? DO YOU TRY THIS BROKER? OR DO YOU NOW SOME BADE OPINION ABOUT THIS?
THANKS



If the spread on EURUSD is 3 pips +, you can do a lot better...


do you try floating spread? and swap free account?

DanielNWA Trading (Danielnwa)
Jul 13 2011 at 20:13
90 posts

basarabia posted:
    
Danielnwa posted:
    
basarabia posted:
    JOKE? WHY? DO YOU TRY THIS BROKER? OR DO YOU NOW SOME BADE OPINION ABOUT THIS?
THANKS



If the spread on EURUSD is 3 pips +, you can do a lot better...


do you try floating spread? and swap free account?


That's quite different. From what I've heard LiteForex's floating spread accounts are quite good. Do you know the average EURUSD spread on a LiteForex floating spread account?

Don't work hard, work smart.
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