Discussion Million Dollar Pips

bmurat posted:
    hi,

i have a problme with MDP.

in my chart standing this information, i need support ;)

!lots:0,10 Actual Risk: 1,63% Risk set at: 1,50% ( at lot Size Minumum: 0,10 : still trading with Actual Risk )

is my MDP right for trading ??? or what is the problem by this information.

i thanks for all helps

any warning displayed did not cause a problem for trading. I also have this message and MDP open orders correctly.
Maybe the warning means that MDP want to open a smaller lot size, but it can't due to broker restrictions.
(for example: He wants a 0.05 lot size, but your min is 0.1)

Pakfx posted:
    did any one noticed that in every broker the execution order timing increased as per order?
why so ?
on the same speed on the same vps :$

Yes I noticed this.

Basically you'll get about a week of good trades then they'll start delaying your trades and you'll loose, this is true on all brokers even ones that say they 'welcome scalpers', your execution times will begin to rise in a linear fashion, most people think that brokers requote and widen spreads to make money, that's so 2008, nowdays they simply delay execution times and slip your price. Believe me I've tried various scalping strategies and delaying your execution is how brokers take money back from scalpers and scalping EA's.

MDP is a nice idea but be prepared to give any profit you make back to your broker and more. If you want to make money with EA's look for grid trading EA's or long term traders that go for large pips.

People will fall for MDP because they've seen a couple of winning live accounts, but the liquidity is not unlimited and the thousands of people loosing money on MDP have long since deleted their myfxbook accounts and moved on, and so the 'scam' goes on. The author of MDP isn't a scammer, it's the brokers who are. Anybody who thinks their broker is going to let them switch on an EA and suck money from them is living in a fantasy world.

Any retail EA that is producing winning trades is quickly nipped in the bud and shared between all brokers and the required changes are made to virtual dealer to slip it. If this wasn't the case you would have hundreds of brokers going out of business and a seriously liquidity imbalance in the market due to thousands of people all trying to take the same trade.

Unfortunately this is the way retail forex works, and the only way to make profit in retail is to go for more than 5 pips + your spread. If you are using an EA then it needs to be one that everybody else isn't using.

It's the trend traders and the brokers who take money from the dreamers. There is not 1 consistent long term scalper with a retail forex account, there never has been and there never will be because of what I mentioned above. If anybody can prove me wrong I'll give them £10k right now.

29 trades on the Avg, Most account hadl shorts. My investor access only had 2 small trades but the other accounts were active. I expect some ups and downs.
aloha

Pakfx posted:
    what are the results for today ?
proff i want to listen some good words from you.

i got plus at the end total trade 11.
all were shorts

Professor53 posted:
    29 trades on the Avg, Most account hadl shorts. My investor access only had 2 small trades but the other accounts were active. I expect some ups and downs.
aloha

Pakfx posted:
    what are the results for today ?
proff i want to listen some good words from you.

i got plus at the end total trade 11.
all were shorts

Be careful ! IBFX got reported playing dirty games..Dont forget, its a MM bucketshop!
https://www.forexfactory.com/showthread.php?p=4958487#post4958487

it is positiv when i change the risk= from 1.5 of 2.0 ???

regards

bmurat posted:
    it is positiv when i change the risk= from 1.5 of 2.0 ???

regards

it's just your risk. more risk, bigger lots, maybe more profit or looser

Actually I was of the same opinion, but lately my TF MDP started to improve and make loads of pips, today my avg execution was just under 1000 ms and 33 trades done, so obviously queued up. I have seen previously around 3500 ms avg time. So it is not that easy, maybe there is a reason for that.

leerees posted:
    

Pakfx posted:
    did any one noticed that in every broker the execution order timing increased as per order?
why so ?
on the same speed on the same vps :$

Yes I noticed this.

Basically you'll get about a week of good trades then they'll start delaying your trades and you'll loose, this is true on all brokers even ones that say they 'welcome scalpers', your execution times will begin to rise in a linear fashion, most people think that brokers requote and widen spreads to make money, that's so 2008, nowdays they simply delay execution times and slip your price. Believe me I've tried various scalping strategies and delaying your execution is how brokers take money back from scalpers and scalping EA's.

MDP is a nice idea but be prepared to give any profit you make back to your broker and more. If you want to make money with EA's look for grid trading EA's or long term traders that go for large pips.

People will fall for MDP because they've seen a couple of winning live accounts, but the liquidity is not unlimited and the thousands of people loosing money on MDP have long since deleted their myfxbook accounts and moved on, and so the 'scam' goes on. The author of MDP isn't a scammer, it's the brokers who are. Anybody who thinks their broker is going to let them switch on an EA and suck money from them is living in a fantasy world.

Any retail EA that is producing winning trades is quickly nipped in the bud and shared between all brokers and the required changes are made to virtual dealer to slip it. If this wasn't the case you would have hundreds of brokers going out of business and a seriously liquidity imbalance in the market due to thousands of people all trying to take the same trade.

Unfortunately this is the way retail forex works, and the only way to make profit in retail is to go for more than 5 pips + your spread. If you are using an EA then it needs to be one that everybody else isn't using.

It's the trend traders and the brokers who take money from the dreamers. There is not 1 consistent long term scalper with a retail forex account, there never has been and there never will be because of what I mentioned above. If anybody can prove me wrong I'll give them £10k right now.

try the latest ver of MDP it will let you know what setting is good for your broker.
in Diagnostics it will let you know recommended setting according to your broker.
like hard stop setting would be true or false..
on one broker it say me to false it and on other no message. both broker trade in diff conditions

bmurat posted:
    it is positiv when i change the risk= from 1.5 of 2.0 ???

regards

Please check your spelling at least.

mistificator posted:
    Actually I was of the same opinion, but lately my TF MDP started to improve and make loads of pips, today my avg execution was just under 1000 ms and 33 trades done, so obviously queued up. I have seen previously around 3500 ms avg time. So it is not that easy, maybe there is a reason for that.

leerees posted:
    

Pakfx posted:
    did any one noticed that in every broker the execution order timing increased as per order?
why so ?
on the same speed on the same vps :$

Yes I noticed this.

Basically you'll get about a week of good trades then they'll start delaying your trades and you'll loose, this is true on all brokers even ones that say they 'welcome scalpers', your execution times will begin to rise in a linear fashion, most people think that brokers requote and widen spreads to make money, that's so 2008, nowdays they simply delay execution times and slip your price. Believe me I've tried various scalping strategies and delaying your execution is how brokers take money back from scalpers and scalping EA's.

MDP is a nice idea but be prepared to give any profit you make back to your broker and more. If you want to make money with EA's look for grid trading EA's or long term traders that go for large pips.

People will fall for MDP because they've seen a couple of winning live accounts, but the liquidity is not unlimited and the thousands of people loosing money on MDP have long since deleted their myfxbook accounts and moved on, and so the 'scam' goes on. The author of MDP isn't a scammer, it's the brokers who are. Anybody who thinks their broker is going to let them switch on an EA and suck money from them is living in a fantasy world.

Any retail EA that is producing winning trades is quickly nipped in the bud and shared between all brokers and the required changes are made to virtual dealer to slip it. If this wasn't the case you would have hundreds of brokers going out of business and a seriously liquidity imbalance in the market due to thousands of people all trying to take the same trade.

Unfortunately this is the way retail forex works, and the only way to make profit in retail is to go for more than 5 pips + your spread. If you are using an EA then it needs to be one that everybody else isn't using.

It's the trend traders and the brokers who take money from the dreamers. There is not 1 consistent long term scalper with a retail forex account, there never has been and there never will be because of what I mentioned above. If anybody can prove me wrong I'll give them £10k right now.

My broker wrote me that:

 'No we do not have trading restrictions, keep in mind, we make money from the commission, we like scalpers as they generate high volume of contracts.

 

If you have any additional questions, please let us know.

 

Regards,'

:)))

regulated ECN brokers welcome any type of traders

I tried too many brokers: First i download the demo and make tests, execution speed tests, real spread and commision tests etc. In demo it seems everthing is perfect...

But when pass to the real account, everything changes, execution speeds fly over, spread and commission and shortly everything changes.

But if you want a broker with the demo conditions it's a sweet dream:).

But in the last version William really help the MDP users. - lower your max open orders and use grouping. Don't be greedy and lower your expectations. In demo maybe MDP can give %20 gain in a week. But in real it's not possible. And pray if you can gain %5 in one week.

mcymcy posted:
    I tried too many brokers: First i download the demo and make tests, execution speed tests, real spread and commision tests etc. In demo it seems everthing is perfect...

But when pass to the real account, everything changes, execution speeds fly over, spread and commission and shortly everything changes.

But if you want a broker with the demo conditions it's a sweet dream:).

But in the last version William really help the MDP users. - lower your max open orders and use grouping. Don't be greedy and lower your expectations. In demo maybe MDP can give %20 gain in a week. But in real it's not possible. And pray if you can gain %5 in one week.

If you get a 5% gain per week, your total gain per year will be 1.05^52=12.64. Not bad at all.

i was wondering how significant having fewer orders open and grouping orders? anyone has comparison?

leerees posted:
    

Pakfx posted:
    did any one noticed that in every broker the execution order timing increased as per order?
why so ?
on the same speed on the same vps :$

Yes I noticed this.

Basically you'll get about a week of good trades then they'll start delaying your trades and you'll loose, this is true on all brokers even ones that say they 'welcome scalpers', your execution times will begin to rise in a linear fashion, most people think that brokers requote and widen spreads to make money, that's so 2008, nowdays they simply delay execution times and slip your price. Believe me I've tried various scalping strategies and delaying your execution is how brokers take money back from scalpers and scalping EA's.

MDP is a nice idea but be prepared to give any profit you make back to your broker and more. If you want to make money with EA's look for grid trading EA's or long term traders that go for large pips.

People will fall for MDP because they've seen a couple of winning live accounts, but the liquidity is not unlimited and the thousands of people loosing money on MDP have long since deleted their myfxbook accounts and moved on, and so the 'scam' goes on. The author of MDP isn't a scammer, it's the brokers who are. Anybody who thinks their broker is going to let them switch on an EA and suck money from them is living in a fantasy world.

Any retail EA that is producing winning trades is quickly nipped in the bud and shared between all brokers and the required changes are made to virtual dealer to slip it. If this wasn't the case you would have hundreds of brokers going out of business and a seriously liquidity imbalance in the market due to thousands of people all trying to take the same trade.

Unfortunately this is the way retail forex works, and the only way to make profit in retail is to go for more than 5 pips + your spread. If you are using an EA then it needs to be one that everybody else isn't using.

It's the trend traders and the brokers who take money from the dreamers. There is not 1 consistent long term scalper with a retail forex account, there never has been and there never will be because of what I mentioned above. If anybody can prove me wrong I'll give them £10k right now.

Funny post.. as long as you believe in grid trading you wont have 10.000 pound to give away....😉
Good luck with that. Whats next? Martingale?😁
 

easy to promise giving out something you don't have!

.If you get a 5% gain per week, your total gain per year will be 1.05^52=12.64. Not bad at all.
</quote>

What is 12.64? The math doesnt seem to work out. For simple sake, on a $100 account at 5% a week would be $5 times 52 weeks is $260 profit without compounding or extra deposts to the account. Total account size would be $360. I maybe wrong, Im just waking up and havent had my coffe yet. ( smile) That $ 260 increase is amazing on a small $100 account. Just think of the possiblitys ramping it up and compounding each week by a unknown win factor average.

Today I was very close my account to blow up. Imagine, that since now MDP was trading with ca 1.8 - 2.4 lot.
And today, suddenly one attempt at 15.36 lot size !!! (I had big luck, there was no sufficient money on my account).
And three other trades between 3.6 - 5.4 ! My risk is only 2.5%. So, again, losses today

One more thing. Today I move my account to Mammoth VPS which is only 10 km away from Pepperstone server.
Do you know what is my exec time ? Over 8,000 ms !

Folk, please advise what to do. HELP !

2.5% risk already high, if you set max order 8, then it's 2.5%*8 = 20% risk, and if you have 400x leverage with pepperstone, then it's very high risk.

exectution time has nothing to do with your latency to the broker server, it's their server taking 8000ms to process your order in their system. only way out is pepperstone improving their infrastructure not yours.

lobotomy8 posted:
    Today I was very close my account to blow up. Imagine, that since now MDP was trading with ca 1.8 - 2.4 lot.
And today, suddenly one attempt at 15.36 lot size !!! (I had big luck, there was no sufficient money on my account).
And three other trades between 3.6 - 5.4 ! My risk is only 2.5%. So, again, losses today

One more thing. Today I move my account to Mammoth VPS which is only 10 km away from Pepperstone server.
Do you know what is my exec time ? Over 8,000 ms !

Folk, please advise what to do. HELP !