Discussion Million Dollar Pips

guys this has nothing to do with latencies etc. just have a look - mdp tries to get the move after a spike. there was no big move in it. the gdp droped without retracement, so no good condition for mdp

   el_tobbes posted:
   guys this has nothing to do with latencies etc. just have a look - mdp tries to get the move after a spike. there was no big move in it. the gdp droped without retracement, so no good condition for mdp

Yeah, unfortunately.....this is correct. Straight drop with little to no retracement. This type of move is an MDP killer.

   fughe posted:
   

   el_tobbes posted:
   guys this has nothing to do with latencies etc. just have a look - mdp tries to get the move after a spike. there was no big move in it. the gdp droped without retracement, so no good condition for mdp

Yeah, unfortunately.....this is correct. Straight drop with little to no retracement. This type of move is an MDP killer.

yes correct this kind of situation comes in eurusd and jpy ver as well so no hard feelings.
these kind of conditions are not always. if it would be always then MDP will never going to work. or if it comes often in a month then it would be losing month for MDP.

   Pakfx posted:
   

   fughe posted:
   

   el_tobbes posted:
   guys this has nothing to do with latencies etc. just have a look - mdp tries to get the move after a spike. there was no big move in it. the gdp droped without retracement, so no good condition for mdp

Yeah, unfortunately.....this is correct. Straight drop with little to no retracement. This type of move is an MDP killer.

yes correct this kind of situation comes in eurusd and jpy ver as well so no hard feelings.
these kind of conditions are not always. if it would be always then MDP will never going to work. or if it comes often in a month then it would be losing month for MDP.

maybe mdp only works with eurusd due to the vast amount of liquidy compared to the other pairs ... always direct retracement after spikes mh lets see how this pair works im currently fine with eurusd

Look at this:

'...My broker called me yesterday and this is what is happening with the majority of the accounts.
 
All the brokers are experiencing problems with this MDP. Problems are,
 (1) too many orders being activated at once, locking up the servers
(2) the trades that have previously gotten through without a problem has been too profitable and the brokers are having a problem filling the orders.
 
A lot of the brokers don't have enough money backing them to cover these profits so some are choosing to freeze accounts, others are closing accounts, some are just blocking MDP.
 
I've only had MDP a couple weeks and experienced the losses when the servers are either intentionally turned off or are having technical problems.
 
This EA has been way oversold and hopefully most of the folks will be successful in getting their refund. Take a look at the test account that is attached to this thread and you will see that it is experiencing the same issues now...'

I can see demo doing just fine. Or you want to have it as a straight line? HA!
If you enable just 1 or 2 trades at a time (channels) I don't see a problem for any broker to deal with it.

   mcymcy posted:
   Look at this:

'...My broker called me yesterday and this is what is happening with the majority of the accounts.
 
All the brokers are experiencing problems with this MDP. Problems are,
 (1) too many orders being activated at once, locking up the servers
(2) the trades that have previously gotten through without a problem has been too profitable and the brokers are having a problem filling the orders.
 
A lot of the brokers don't have enough money backing them to cover these profits so some are choosing to freeze accounts, others are closing accounts, some are just blocking MDP.
 
I've only had MDP a couple weeks and experienced the losses when the servers are either intentionally turned off or are having technical problems.
 
This EA has been way oversold and hopefully most of the folks will be successful in getting their refund. Take a look at the test account that is attached to this thread and you will see that it is experiencing the same issues now...'

no i dont think so.
if they are earning through their commission then why this going to happ with them..
also this is not possible that can freez their servers. that can slow down but this is not the case. 1st i thought the same but all my brokers are getting back to their normal speed. and if you think this is happening then you can limit your orders.
scalping systems are like always be mdp .. so its very much old topic rather scalping is allowed or not.

read this that will help you

https://forex-strategies-revealed.com/brokers-allowing-scalping

hope William is reading this and improve MDP.. my support is with him 😄

it sounds like the brokers need to put some of their revenue into their servers. If they can't handle High frequency trading, just say so. Its clearly not a liquidity problem.

   mcymcy posted:
   Look at this:

'...
 
A lot of the brokers don't have enough money backing them to cover these profits so some are choosing to freeze accounts, others are closing accounts, some are just blocking MDP.

Really? What broker mentioned this?

 if their true ECN they would encourage this type of trading. ( earn from Comm. )

   ForexScam posted:
   

   mcymcy posted:
   Look at this:

'...
 
A lot of the brokers don't have enough money backing them to cover these profits so some are choosing to freeze accounts, others are closing accounts, some are just blocking MDP.

Really? What broker mentioned this?

 if their true ECN they would encourage this type of trading. ( earn from Comm. )

yes that what im saying .. true ECN or true brokers earn from their comm. and their spread is two low .. but they took comm as they say its their rights ... they are providing us the facility

Yeah, if a broker is saying they are shuting down the MDP trades/clients accounts due to not having the money to cover the posititions, it means they are trading against the people and losing too much money to allow it.

What are you results guys for MDP trades happened just around 10 minutes ago?

got minus at total :$

I got minus 30 pips on HotForex too. NO=0 8 channels

-69 pips EURUSD & GBPUSD

Yesterday lost also: -95 pips EURUSD

Bahh im making more money with my manual trade than with this EA: 160 pips yesterday + 132 pips today. https://www.myfxbook.com/members/csa1234/manual-trade/166202

Aloha and good morning everyone. High impact news in 2 hrs from now... hope your risk isnt higher than 1.5. Be safe and trade smart. We expect some losses during any month. But we gain in the long run.

i have today 3 trades = 3 lost :(

what is the best risk setting ??? 1,5 or 2,0 or ???

   ForexScam posted:
   it sounds like the brokers need to put some of their revenue into their servers. If they can't handle High frequency trading, just say so. Its clearly not a liquidity problem.

The problem is MDP.

Unfortunately this is what happens with HFT, MDP is no longer profitable because institutional HFT traders have adjusted their algorithms to hunt for the deviation trades that MDP places. It takes 5 seconds to decompile an EA like MDP, I've decompiled various indicators and EA's myself, some of the strategies I've adjusted and incorporated into my own EA's.

MDP's deviation trades are easy to spot and I have contacts in the HFT world who confirm that they have algorithms to hunt MDP trades and counter trade them (meaning you loose), you will always loose because HFT traders are way closer to the market than you are.

There still is a theoretical way to make money with MDP and that is with a dealing desk broker who doesn't push your orders to the real market, of course finding one that doesn't use virtual dealer is impossible, if you do manage to find one keep it to yourself. MDP has also changed the game now as HFT traders are now turning to the retail market. Basically any popular EA will be targeted.

If the author brings out a new version, the HFT traders will have it decompiled and new algos setup to counter trade it before the day is out.

Guys, I'm sorry to have to say this but the party is over.

I know some of you are going to refuse to accept what I've written and I know it will crush the dreams of many EA traders but the 'fapturbo years' are well and truely over, fapturbos demise was just the start of the market fight back against retail EA's, basically it set the trend which is as soon as a profitable EA gets popular, it's toast. MDP is the next big thing to be overcome by the market and no doubht 6 months down the line we will have a new HFT ea which will follow the same path as this one.