Million Dollar Pips Diskussion

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.

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

Bill_New_2FX where did you buy usdjpy? cant find the link

ike22 posted:
    Bill_New_2FX where did you buy usdjpy? cant find the link

On the Thank You page after you purchase the EUR version

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

Danielnwa posted:
    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.

I am using the data feed from www.orderbookfx.com to make my trade decisions. It isn't a direct EBS feed, but the results end up giving me the same information. Plus, if I ever wanted to, I can upgrade the data package to include EBS data. It is literally just watching what the banks and big institutions are doing and then placing my trades based on what they are doing.

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

Yes. Buy the USDJPY and return the EURUSD version.

Wow, this is super exciting stuff! I wasn't aware of this resource. Thanks! I mean I've seen this kind of 3D view of the market before offered with 'the fancy version' of some brokers' platforms, like FXCM, but that just shows what their client are doing. It's a WHOLE different thing when you can see what the big money is doing right? And I think I really get it now when you say that it's absolutely critical that you remain 100% alert in your trading, if I understand correctly and you have to literally just sit there and wait for the orders to stack up heavily on one side or the other... Do you usually use the 'sentiment' to trade with(that bar on top of the grid to turn really green or red) or do you use the grid to place pending orders with the big institutions(where a lot of orders have stacked up)?

fughe posted:
    

Danielnwa posted:
    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.

I am using the data feed from www.orderbookfx.com to make my trade decisions. It isn't a direct EBS feed, but the results end up giving me the same information. Plus, if I ever wanted to, I can upgrade the data package to include EBS data. It is literally just watching what the banks and big institutions are doing and then placing my trades based on what they are doing.

Danielnwa posted:
    Wow, this is super exciting stuff! I wasn't aware of this resource. Thanks! I mean I've seen this kind of 3D view of the market before offered with 'the fancy version' of some brokers' platforms, like FXCM, but that just shows what their client are doing. It's a WHOLE different thing when you can see what the big money is doing right? And I think I really get it now when you say that it's absolutely critical that you remain 100% alert in your trading, if I understand correctly and you have to literally just sit there and wait for the orders to stack up heavily on one side or the other... Do you usually use the 'sentiment' to trade with(that bar on top of the grid to turn really green or red) or do you use the grid to place pending orders with the big institutions(where a lot of orders have stacked up)?

For the most part. They have another indie that can be attached to an mt4 chart that displays the order sentiment in a 'MACD' looking fashion...that is the best I can describe it. Anyway....other than that....you have it correct. You MUST be on full alert to trade properly.

And yes....it changes everything when you see what the banks are doing. Most days, I feel like they are just handing me money and I have to click the accept button to take it. That said...and because I know a lot of people will read this.....this system is not for everyone. It requires your undivided attention. a trade entry/exit can come and go in a matter of a couple seconds. I have had trades with a target of +0.1 pip before...and have had trades that seem to just keep going.

They say the system works on any time frame....eh....that's debatable. Personally, i think it starts falling apart if you go above the 1 minute chart. I used to trade using the hour and 4 hour, or 15min...etc. Now if I do that, I feel like I am trying to trade blind. It is VERY different from anything else.

I would like to add a final note though. IF you give yourself time to adjust....it is easy. How long??? That depends on the person. I tend to understand whatever I study almost immediately. It took me about 15 minutes before I had my first trade...which was a winner. From what i am told, MOST people require a solid 2 weeks or more to understand. Even if it takes 4 weeks....that is still a very brief time period to catch on to an awesome system.

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.

I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings)

It does trade at the same time as the EU version but I think it has also traded by itself.

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!

fughe posted:
    

For the most part. They have another indie that can be attached to an mt4 chart that displays the order sentiment in a 'MACD' looking fashion...that is the best I can describe it. Anyway....other than that....you have it correct. You MUST be on full alert to trade properly.

And yes....it changes everything when you see what the banks are doing. Most days, I feel like they are just handing me money and I have to click the accept button to take it. That said...and because I know a lot of people will read this.....this system is not for everyone. It requires your undivided attention. a trade entry/exit can come and go in a matter of a couple seconds. I have had trades with a target of +0.1 pip before...and have had trades that seem to just keep going.

They say the system works on any time frame....eh....that's debatable. Personally, i think it starts falling apart if you go above the 1 minute chart. I used to trade using the hour and 4 hour, or 15min...etc. Now if I do that, I feel like I am trying to trade blind. It is VERY different from anything else.

I would like to add a final note though. IF you give yourself time to adjust....it is easy. How long??? That depends on the person. I tend to understand whatever I study almost immediately. It took me about 15 minutes before I had my first trade...which was a winner. From what i am told, MOST people require a solid 2 weeks or more to understand. Even if it takes 4 weeks....that is still a very brief time period to catch on to an awesome system.

Good info could you tell us what broker and settings?
Thanks

DMFXTrader posted:
    

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.

I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings)

It does trade at the same time as the EU version but I think it has also traded by itself.

mistificator posted: Good info could you tell us what broker and settings? Thanks

DMFXTrader posted:

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.

I also have the UJ version and I have just looked at my stats and it has done very well. Since the 1st Aug I have made 711 pips with 78 trades, 53 trades won with a profit factor of 6.6. Not bad at all! (default settings) It does trade at the same time as the EU version but I think it has also traded by itself.

I am using GoMarkets with default settings and FIFO = false. :)

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.

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 ?

..... 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 ?

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.

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

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?