To use chat, please login.
Back to contacts

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

willgart
Sep 07 2011 at 21:54
588 posts
its GallantVPS for the VPS
and Alpari US for the broker.

it least IrisFX works fine and produce good results ;)

Danielnwa (Danielnwa)
Sep 07 2011 at 22:34
90 posts
Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D

fughe posted:
    
Danielnwa posted:
    Huh, I wonder why they created that crappy US server then=D Isn't their main server located in Finland somewhere? I wonder what VPS they recommend? If their main server is located in a sort of 'exotic' location they must have a specific VPS that they recommend to their clients...

fughe posted:
    
Danielnwa posted:
    Are you guys trying the FinFx real ECN account not the micro or mini? I've heard there's a huge difference between the two(or three=D).

The results on that account you shared are fantastic. Probably the best I've seen for MDP! Probably due to IBFX's almost obsessive emphasis on execution=D

I wonder what the performance would be like with Oanda and MB Trading? Two very much HONEST brokers...


I am running MDP in their ECN account live. I am currently preparing to relocate my VPS to the UK somewhere. They told me that the US server was slower than the main server and I checked it. From my VPS in california, i still get a faster execution speed from the main server than I do the US server. 800ms US vs about 700ms main.



Well....it turns out that their 'crappy' US server is a lot better than nearly every other broker I am seeing feedback about. The reason is for order flow handling and backup. The reason the US server is slower is not because it is a poor quality server. It is because their primary liquidity connection is in the UK.

Their server isn't really in an exotic location. At least not by my estimation. I would consider exotic something like FXOpen has....like Saudi Arabia. I just don't consider the UK to be exotic. Anyway, I asked about VPS servers. They sent a list of several and included ping times for each. The best server on their list was ticking in at an average of 2ms ping. They do not offer any 'cheap' vps packages. Only serious traders would get an account here....or wealthy....depends on how you want to view it.....~$120/month for the cheapest win-based VPS.

Don't work hard, work smart.
fughe (fughe)
Sep 07 2011 at 23:20
724 posts

Danielnwa posted:
    Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D


Hmmm.....you probably don't realize that the london session is the main session of the world. The london session has about 33% of the world volume traded. In comparison...the NY session has about 18% of the volume. If you are judging by markets, then the Sydney session is the most exotic of the 4 big markets. I am guessing that you are a US resident by your outlook. Regardless, just to keep the information accurate....technically the UK forex session is the center of the trading world.

Make losses, but always come out a winner at the end.
Star
Sep 07 2011 at 23:25
52 posts
Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?


fughe (fughe)
Sep 07 2011 at 23:42
724 posts

Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?




I am interested in this information too.

Make losses, but always come out a winner at the end.
Danielnwa (Danielnwa)
Sep 08 2011 at 00:03
90 posts
You clearly know your Forex Fughe!

fughe posted:
    
Danielnwa posted:
    Yeah of course it's not REALLY 'crappy', as FinFx is not a crappy broker. But if it doesn't benefit people in the US, I'm not so sure for whom it's meant...

And UK is like the most exotic location you'll find! Especially when it comes to Forex(duh)... Hehe=D


Hmmm.....you probably don't realize that the london session is the main session of the world. The london session has about 33% of the world volume traded. In comparison...the NY session has about 18% of the volume. If you are judging by markets, then the Sydney session is the most exotic of the 4 big markets. I am guessing that you are a US resident by your outlook. Regardless, just to keep the information accurate....technically the UK forex session is the center of the trading world.

Don't work hard, work smart.
fughe (fughe)
Sep 08 2011 at 00:31
724 posts
I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.

Make losses, but always come out a winner at the end.
Danielnwa (Danielnwa)
Sep 08 2011 at 01:08
90 posts
Wow that's really impressing Fughe! So what 'accessories' do you use to base your trading on? I can't believe only price action, not from the 1 minute chart, as there is very little order over there... I would love to get an insight into how you trade bank flow in this way=) Sounds very interesting...

fughe posted:
    I attempt to stay as informed as possible. I definitely do NOT know everything....but that doesn't stop me from trying!

Even though I post a lot about these EAs, my main trading consists of trading via bank order flow. I trade entirely on the 1 minute chart. I like the one minute because I can easily pick up 50 trades in a day and can pull in 500 pips in a day. Plus, I am completely unaffected by market conditions that all other time frames have to deal with.

The only downside is.....it is absolutely critical to be 100% alert the entire time you are trading because everything happens quickly and if you aren't ready, you will miss all the good trades. I say this because i got about 2 hours of sleep last night and tried to trade anyway....was a terrible, terrible day..... -200 pips. Missed every good opportunity, and always misjudged my exits. Had almost a 80% losing streak...all because I was too tired to focus. Which is exactly the opposite of my normal of 100% accuracy.

Eh, whatever. Everybody has to have a bad day every now and then.

Don't work hard, work smart.
Bill_New_2FX
Sep 08 2011 at 03:24
19 posts

fughe posted:
    
Star posted:
    Is anyone trading with USDJPY version ?

Are you getting good results with it ?

Does it ever trade at the same time as EURUSD version ?




I am interested in this information too.


im running JPY version on the same account. trades dont happen often. but when there is trade, it tends to happen the same time as the EUR pair. i think the frequency has been down since the Japan Central Bank tries to curb the appreciation of the Yen.

It's more accurate and profitable though.
u can see the developer's myfxbook of the JPY here


https://www.myfxbook.com/members/milliondpips/million-dollar-pips-usdjpy/148236

ike22 (ike22)
Sep 08 2011 at 03:35
16 posts
Bill_New_2FX where did you buy usdjpy? cant find the link

Please login to comment .