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pc8: Sure; I believe it, because there are like 1000 brokers out there. Can anyone help with the STOP order problem?

One of my brokers stuck on 1.39 and it is still down. It happend just before those two nice spikes, this is unbeliebable what these bastards do with their ITs and how unprofessional this is.

+38% Today :)

@crashev: yes, already complained to them! They are backup now. But my other brokers was not affected, so made good pips.

Hi All, Just to update your about Alpari US Demo,
Speed: Exec.Time:615ms, Open time 1108ms, Modify time 598ms.
Make profit but the problem is 'Too many attemps rejected by broker'
I will try another broker then....
(Please refer to attachment)

From last two spikes...
Total 14 trades...
9 trades in profit
5 trades in Loss
Total + 80.4 pips
 

Hi everybody

I am coming with a new look on MDP trading, gains, losses, liquidity etc.

In my opinion technical things like exec time, avg open time and so called 'broker liquidity' and 'market liquidity' are NOT important and have small influence on MDP results.

I have followed MDP and market trades daily since 3 months and came out to the following conclusion:

1. MDP results depend on how big is a market player (Financial institution) who created a move (spike).

2. Generally, there are 2 groups of market players who are able to create a significant market move:

a) large size players (funds, premium banks etc). These guys typically place huge orders that last for long time. Let me explain on example. Let's say EUR/USD is 1.38900. They need to buy large amount of EUR and place order. Spike is created, MDP turns on. But, as this buyer STILL need to buy, he increases his order, spike goes up again, there is no move back and we all loose. We will always loose, if such a market player needs to fulfill his order. Doesn't matter how is your exec time, bla bla, they simpy keep on buying and we must loose.

b) medium size players, who place smaller orders and have no more purchase power to increase the order. And this is our win situation. Market quickly makes the reverse move and we gain.

So, these are the reasons I do believe sometimes we gain, and sometimes loose. Technical issues (VPS, exec times, broker's policy) have negligible importance.

I couldnt agree less..

I doesnt matter who causes a spike in the price, big or small dog. By the nature of mdp it needs lightning fast execution, otherwise you lose, no matter what..

   lobotomy8 posted:
   Hi everybody

I am coming with a new look on MDP trading, gains, losses, liquidity etc.

In my opinion technical things like exec time, avg open time and so called 'broker liquidity' and 'market liquidity' are NOT important and have small influence on MDP results.

I have followed MDP and market trades daily since 3 months and came out to the following conclusion:

1. MDP results depend on how big is a market player (Financial institution) who created a move (spike).

2. Generally, there are 2 groups of market players who are able to create a significant market move:

a) large size players (funds, premium banks etc). These guys typically place huge orders that last for long time. Let me explain on example. Let's say EUR/USD is 1.38900. They need to buy large amount of EUR and place order. Spike is created, MDP turns on. But, as this buyer STILL need to buy, he increases his order, spike goes up again, there is no move back and we all loose. We will always loose, if such a market player needs to fulfill his order. Doesn't matter how is your exec time, bla bla, they simpy keep on buying and we must loose.

b) medium size players, who place smaller orders and have no more purchase power to increase the order. And this is our win situation. Market quickly makes the reverse move and we gain.

So, these are the reasons I do believe sometimes we gain, and sometimes loose. Technical issues (VPS, exec times, broker's policy) have negligible importance.

How do you account for the difference between brokers? Some people win on the spike, while others lose on the same spike?

Because people have different settings.

My theory works assuming that all we go for default settings. Then, differences between brokers will not vary too much, believe me

Results differs a lot by brokers on same settings. Just try and see yourself.

Yea, they DO differ a lot, it really all depends on execution time. On all brokers I´ve tested the same rule applies: the best results come with the brokers that offer the fastest execution and the lowest slippage + spread. The slower ones with 1s+ exec times do fail on a regular base.

   mistificator posted:
   Results differs a lot by brokers on same settings. Just try and see yourself.

Yes, there's a lot of different. So far I hv tried in EUR/USD:
1) IBFX US/AU - 'spread too high'
2) Think FX - Execution time too high, about 1500ms-2000ms
3) Alpari UK - Low execution time, low spread but withdraw fee is expensive, L15-18.
4) Alpari US - 'Too many attempts rejected by broker'
5) FxPro - got commision.

I still trying other broker, all in demo acct 1st then live. Can consider ALpari UK, but withdraw fee is high! Guys pls share your broker with results....thanks!

TODAY:

99 Pips

https://www.myfxbook.com/members/crazy95/crazy-ea-mdp-v2/174054

Hurray, so many good trades!

Oh now William, the creator of MDP is selling a membership for 79$ a month at https://www.milliondollarpips.com/membership.html !!! Promising to list working brokers for the members + special updates. Wow, I already dropped him an email, telling him that as a buyer of his EA, this membership should be FREE and not 79$ (!) / month, as well I asked him if this means I don´t get updates anymore even though I´ve paid for the EA and free updates were promised when buying it.

I really find that kind of very bad style to charge customers that already paid for this EA to gain the information that they need to make the EA work. They should get this for free in my opinion as this is just what good support means.

   geektrader posted:
   Yea, they DO differ a lot, it really all depends on execution time. On all brokers I´ve tested the same rule applies: the best results come with the brokers that offer the fastest execution and the lowest slippage + spread. The slower ones with 1s+ exec times do fail on a regular base.

I DO disagree. They doesn;t differ too much. One wins 80 pips, another one wins 65. But nobody looses.
My exec time is instantly over 2s and I got 61% gain in Sept and 21% gain in Oct so far.

All depends on the market move. If the BIG player trades, we;ve got a problem, if a medium-size player trades, we gain

   geektrader posted:
   Oh now William, the creator of MDP is selling a membership for 79$ a month at https://www.milliondollarpips.com/membership.html !!! Promising to list working brokers for the members + special updates. Wow, I already dropped him an email, telling him that as a buyer of his EA, this membership should be FREE and not 79$ (!) / month, as well I asked him if this means I don´t get updates anymore even though I´ve paid for the EA and free updates were promised when buying it.

I really find that kind of very bad style to charge customers that already paid for this EA to gain the information that they need to make the EA work. They should get this for free in my opinion as this is just what good support means.

yeah, good point. I'll not send them an email too ;)
if they have tips, they should provide this to their customers for free. more money we get, more licenses we'll get from them.

   geektrader posted:
   Oh now William, the creator of MDP is selling a membership for 79$ a month at https://www.milliondollarpips.com/membership.html !!! Promising to list working brokers for the members + special updates. Wow, I already dropped him an email, telling him that as a buyer of his EA, this membership should be FREE and not 79$ (!) / month, as well I asked him if this means I don´t get updates anymore even though I´ve paid for the EA and free updates were promised when buying it.

I really find that kind of very bad style to charge customers that already paid for this EA to gain the information that they need to make the EA work. They should get this for free in my opinion as this is just what good support means.

You are absolutely right! This guy turns out to get fu(king greedy...nobody should sign up, bc we all paid already for the offered service when we bought the EA. Period.