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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

ForexScam
Sep 25 2011 at 11:04
1008 posts
If birt is running a brokerage that doesn't accept clients in any means, there is absolutely no reason to operate this brokerage more so than having the ability to spoof trading results. Why?

1.) A market maker will keep the trades in house and never send them to a liquidity provider, which means they are not winning or losing by running any of their test accounts. Their results are basically a DEMO environment, hence his MDP account.

 A MM earns money by the 90% of failing traders and at the end of the month the amount of losses(traders losing their capital) normally out ways the profitable traders and MM can continue to operate . Since PrivateFX is solely Private, meaning no outside clients, they can not Make money period. Therefore, we move to number 2.

2.) A ECN STP brokerage , would be earning solely from commission. Their commission bonus ( Only source of revenue ) would be dependent on two traders activities as PrivateFX is a Partnership. However, this wouldn't be logically as you would be paying yourself out of your own pocket. Sure, there could be tax incentives for this operation and an endless amount of loopholes including annual losses(write-offs) which can benefit this company. But that's another story.

 Now in Birts article he states, '''Sure, it’s possible that someone with an awesome speed and liquidity access implemented the MDP strategy on a different platform and is hogging all the liquidity at the EA entry points,''

Which in fact can be true and maybe Birt is to blame for the ECN slippage . 😈 But that's still not logical as he is running a brokerage and once again, the profits that any of his accounts make are coming from his own pocket.

 So whats the point of running a brokerage with no clients?

At this moment, it can be to establish better liquidity connections. What I mean by this, is that If a brokerage can produce high levels of volume, they would be able to land more deals with Top banks adding more liquidity to their source. Also, I'm sure some of you traders out there, know that you can negotiate spreads when high levels of volume are maintained. So is Privatefx negotiating better spreads with their liquidity providers ? Are they heading down the same road as collectivefx? Or is it what I mentioned in the first sentence of this post.

I really started to laugh when Birt said this. ' At this point, it might be that you’re better off trading MDP on an honest MM broker than on an ECN''

https://eareview.net/rant/brokerage-interlude




Britt
Sep 25 2011 at 12:57
35 posts
Maybe Birt's account is a demo account because trading record is not verified. He mentioned that there's commission of $0.50 per 10k round lot in his article, but I don't see any commissions on his account.

CapitalhillManagment
Capitalhill
Sep 25 2011 at 14:00
46 posts

   Britt posted:
   Maybe Birt's account is a demo account because trading record is not verified. He mentioned that there's commission of $0.50 per 10k round lot in his article, but I don't see any commissions on his account.

Lol

csa1234
Sep 26 2011 at 01:41
35 posts
Can someone explain it to me why im getting this error logs on MDP: MillionDollarPipsGBPUSD_1.2.0 GBPUSD,M1: WARNING M1 Graph gap found 2011.09.25 22:16 offset:3

FOREX_MAKEMONEY (FOREX_MAKEMONEY)
Sep 26 2011 at 02:19
18 posts

   milliondpips posted:
   I will be releasing a live account result soon.



Have you released your real account yet with the MDPIPS latest version? I have bought your EA and have put my real account here to share with people. It includes all the settings you have recommended and also the VPS and the brokerage you recommended (FOREX VPS, HOT FOREX) It would be really helpful if you do the same, after all this is your product!

So far, the EA has not made any trade but then again, I went on the live account this friday (09/23), so will wait and see what happens this week.....

Repetition = better results = success
FOREX_MAKEMONEY (FOREX_MAKEMONEY)
Sep 26 2011 at 02:24
18 posts

   csa1234 posted:
   Can someone explain it to me why im getting this error logs on MDP: MillionDollarPipsGBPUSD_1.2.0 GBPUSD,M1: WARNING M1 Graph gap found 2011.09.25 22:16 offset:3



I am getting a similar message '2011.09.25 17:44:06 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: WARNING M5 Graph gap found 2011.09.26 00:44 offset:9', Not sure what to do about it??....Would appreciate if the experts here can advice :)

Repetition = better results = success
Steve Walker
walker36
Sep 26 2011 at 02:46
1341 posts
agree!


   FOREX_MAKEMONEY posted:
   

   milliondpips posted:
   I will be releasing a live account result soon.



Have you released your real account yet with the MDPIPS latest version? I have bought your EA and have put my real account here to share with people. It includes all the settings you have recommended and also the VPS and the brokerage you recommended (FOREX VPS, HOT FOREX) It would be really helpful if you do the same, after all this is your product!

So far, the EA has not made any trade but then again, I went on the live account this friday (09/23), so will wait and see what happens this week.....

fughe (fughe)
Sep 26 2011 at 02:53
724 posts

   csa1234 posted:
   Can someone explain it to me why im getting this error logs on MDP: MillionDollarPipsGBPUSD_1.2.0 GBPUSD,M1: WARNING M1 Graph gap found 2011.09.25 22:16 offset:3



I am guessing here, so don't rely on this info too heavily. I believe the error message is referring to a gap in you price feed, similar to what happens at the beginning of the week. The latest version of MDP will not trade during these times.

Make losses, but always come out a winner at the end.
Professor53
Sep 26 2011 at 03:36
795 posts
Aloha to all. No major high impact trading new this coming week. Good luck to everyone this week.

Click on my Name to see My Live Charts and Bio.
pc8multifx (pc8multifx)
Sep 26 2011 at 03:42
879 posts

   Professor53 posted:
   Aloha to all. No major high impact trading new this coming week. Good luck to everyone this week.



What are you talking about??

 There are truckloads of high impact news the coming week

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