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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

fughe (fughe)
Sep 08 2011 at 07:56
724 posts

mistificator posted:
    Fudge, thanks a lot for info! Could you please describe your system in few words? Just to grasp the principle. I believe you are trading spread, like many futures traders and stock traders do. But how it exactly it works? BTW I have found that the best volume information in FX you can get is on Dukascopy, they provide with real bid offer volume from the interbank they are connected to (and they are connected to almost all major banks and prime brokers), but on the MT4 side tick volume seems to be the best from TF, in almost all cases it corresponds with real volume data from Dukas even though it is still tick volume, but it is possible to use with VSA. However I understand you aren't trading VSA, but the order book. But please share the basics. Thanks man!


Just an fyi...the name fughe is pronounced the same as 'few'. Same phonetics as a standard 'gh' containing word with a long 'u' vowel due to the silent 'g' effectively causing a silent 'e' vowel at the end. Anway...on to more important matters....

No, not trading spread. I am trading bank order flow. The data feed I am watching is the data feed that Dukascopy uses for it's liquidity. I can see the prices move in my data feed before they move in Dukascopy's charts. I am literally bypassing the brokers and getting the data feed from the primary liquidity provider networks. I get to see unlimited market depth, the price that the orders are placed and how many lots are being traded on each order. I can fine tune the resolution down to a tenth of a pip (if I want to be annoyed by my alarm constantly going off).

Literally.....I watch and see what the big banks and institutions are doing, and base my trades off of these moves. Sometimes it is a major pain to tell which way they are going to push it....but you almost always can figure it out when they decide to push one way or the other.

I believe what you are referring to as 'trading the spread' is what forex brokers call arbitrage. I am not doing that. Doing that manually is virtually impossible....at least in forex. Plus, with an mt4 broker.....they will cancel your account and ban you for doing that.

Make losses, but always come out a winner at the end.
ruichaves21
Sep 08 2011 at 09:07
13 posts
Hi,

So, the robot it's profitable, i mean, you can go to real account and trade with it?
What broker do you guys use?
What the initial balance to begin trading? And what pairs do you use?



Pakfx posted:
    
ruichaves21 posted:
    Hi milliondpips,

You said a few months ago, that you will have the robot in a real account.
Where's that real account??

I want to know if the robot is good enought in a real account, demo accounts isn't the same thing...





do you think that all we are talking about <b>Demo</b> account that we are managing ?

el_tobbes
Sep 08 2011 at 09:12
11 posts
..... i dont know why people are joing this forum - and are too lazy to search and read through the conversations..... arrrgghhh ... you need to put a little bit of own effort in it if you want to get money from the robots ... there is no gain without pain ... :-) sorry for beeing upset but its all written in the last 77 pages


ruichaves21 posted:
    Hi,

So, the robot it's profitable, i mean, you can go to real account and trade with it?
What broker do you guys use?
What the initial balance to begin trading? And what pairs do you use?



Pakfx posted:
    
ruichaves21 posted:
    Hi milliondpips,

You said a few months ago, that you will have the robot in a real account.
Where's that real account??

I want to know if the robot is good enought in a real account, demo accounts isn't the same thing...





do you think that all we are talking about <b>Demo</b> account that we are managing ?


mistificator (mistificator)
Sep 08 2011 at 10:40
453 posts
Fughe,

thanks man. No intention to misspell your name, just a mistype!
I looked at orderbookfx site and rockshorelive, are you trading in their live room or just using orderbookfx MT4 tools and trade supply-demand levels with confirmation coming from seeing the order book? I love the concept, just trying to understand how to start and where to look. Should I register for OrderBook and ask for a trial at Rockshore to see what it is all about? Just little bit confusing it is.
THanks


fughe posted:
    
mistificator posted:
    Fudge, thanks a lot for info! Could you please describe your system in few words? Just to grasp the principle. I believe you are trading spread, like many futures traders and stock traders do. But how it exactly it works? BTW I have found that the best volume information in FX you can get is on Dukascopy, they provide with real bid offer volume from the interbank they are connected to (and they are connected to almost all major banks and prime brokers), but on the MT4 side tick volume seems to be the best from TF, in almost all cases it corresponds with real volume data from Dukas even though it is still tick volume, but it is possible to use with VSA. However I understand you aren't trading VSA, but the order book. But please share the basics. Thanks man!


Just an fyi...the name fughe is pronounced the same as 'few'. Same phonetics as a standard 'gh' containing word with a long 'u' vowel due to the silent 'g' effectively causing a silent 'e' vowel at the end. Anway...on to more important matters....

No, not trading spread. I am trading bank order flow. The data feed I am watching is the data feed that Dukascopy uses for it's liquidity. I can see the prices move in my data feed before they move in Dukascopy's charts. I am literally bypassing the brokers and getting the data feed from the primary liquidity provider networks. I get to see unlimited market depth, the price that the orders are placed and how many lots are being traded on each order. I can fine tune the resolution down to a tenth of a pip (if I want to be annoyed by my alarm constantly going off).

Literally.....I watch and see what the big banks and institutions are doing, and base my trades off of these moves. Sometimes it is a major pain to tell which way they are going to push it....but you almost always can figure it out when they decide to push one way or the other.

I believe what you are referring to as 'trading the spread' is what forex brokers call arbitrage. I am not doing that. Doing that manually is virtually impossible....at least in forex. Plus, with an mt4 broker.....they will cancel your account and ban you for doing that.

Was mich nicht umbringt, macht mich stärker.
Bill_New_2FX
Sep 08 2011 at 10:44
19 posts

ike22 posted:
    so i have to pay again for usdjpy if i buy eurusd? is there any way to buy just only the usdjpy?


Try the below, but replace the XXXXXXX with the clickbanks receipt number of your EURUSD version you purchased:

https://milliondollarpips.com/members/download.php?r=XXXXXXX&p=2


el_tobbes
Sep 08 2011 at 13:15
11 posts
pepperstone realy sucks at the moment with mdp ... connection problems and due to commission minus trade, but with rebates 0 ...

even my hotforex account with consverative settings is outerforming pepperstone

-> to prof and the others from ibfx: you are using the us version, has anybody experience with the au version. are the servers also in the us and looped via them in the grid?

mcymcy (mcymcy)
Sep 08 2011 at 13:24
270 posts

el_tobbes posted:
    pepperstone realy sucks at the moment with mdp ... connection problems and due to commission minus trade, but with rebates 0 ...

even my hotforex account with consverative settings is outerforming pepperstone

-> to prof and the others from ibfx: you are using the us version, has anybody experience with the au version. are the servers also in the us and looped via them in the grid?


Yes the same. This time the ex. times flow to 4000ms... I watched the trades live. Because of high ex. times the orders can not stopped in the necessary times and too many losses.

Pepperstone seem to be a fraud. Because if it's an ECN account the orders must be execute in very few times...

Bill_New_2FX
Sep 08 2011 at 13:40
19 posts

el_tobbes posted:
    pepperstone realy sucks at the moment with mdp ... connection problems and due to commission minus trade, but with rebates 0 ...

even my hotforex account with consverative settings is outerforming pepperstone

-> to prof and the others from ibfx: you are using the us version, has anybody experience with the au version. are the servers also in the us and looped via them in the grid?


i've tried IBFX AU, their server in US east coast. I use a NJ server, gives very very low avrg execution time, but still I lose money. I suspect their spread is too wide. Gave up after 3 losing session.

stoneflash
Sep 08 2011 at 13:50
80 posts

el_tobbes posted:
    pepperstone realy sucks at the moment with mdp ... connection problems and due to commission minus trade, but with rebates 0 ...

even my hotforex account with consverative settings is outerforming pepperstone

-> to prof and the others from ibfx: you are using the us version, has anybody experience with the au version. are the servers also in the us and looped via them in the grid?

sorry to hear that. i was getting ready to open an account with pepperstone.. you think another VPS with them would help any?

el_tobbes
Sep 08 2011 at 16:04
11 posts
:-) i'm fine. vps to pepperstone has already 1ms. in three weeks when they have moved to ny4 everything will improve ... i hope .-)


stoneflash posted:
    
el_tobbes posted:
    pepperstone realy sucks at the moment with mdp ... connection problems and due to commission minus trade, but with rebates 0 ...

even my hotforex account with consverative settings is outerforming pepperstone

-> to prof and the others from ibfx: you are using the us version, has anybody experience with the au version. are the servers also in the us and looped via them in the grid?

sorry to hear that. i was getting ready to open an account with pepperstone.. you think another VPS with them would help any?

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