wakeel-mdp (By wakeel)
The user has deleted this system.
wakeel-mdp Discussion
forex_trader_33852
Member Since Apr 11, 2011
2 posts
Aug 19, 2011 at 08:32
Anybody trading MDP better read around a bit. The VPS and Broker can make huge difference in performance to achieve a reasonable return at the risk of big losses if you don't use the right VPS and broker. Im currently sitting in the red (meaning negative) after taking a big hit this week vs others reporting they made reasonable gains. Give it a try if you want as the lure of big money awaits. We all know it's so easy, you just buy an EA and become rich, how simple could it be right. I guess most people have to learn the hard way so enjoy your shiny new EA.
Aug 19, 2011 at 20:11
(edited Aug 19, 2011 at 20:12)
AstroDude posted:thanks, passed through the losing stage too (as you can see in the initial DD) before i understood what the EA needs and settled for my profitable settings:
Anybody trading MDP better read around a bit. The VPS and Broker can make huge difference in performance to achieve a reasonable return at the risk of big losses if you don't use the right VPS and broker. Im currently sitting in the red (meaning negative) after taking a big hit this week vs others reporting they made reasonable gains. Give it a try if you want as the lure of big money awaits. We all know it's so easy, you just buy an EA and become rich, how simple could it be right. I guess most people have to learn the hard way so enjoy your shiny new EA.
NO=0
AC=8
max SO=2
hard trailing=true
stop order=false
use apply ecn=true
risk mode comm pips=true
Aug 21, 2011 at 07:11
muns posted:i get a 0.45 pip rebate on every commission deposited back into my acc by my IB @ the end of the month. with premium you'll surely get to miss some trades due to spread being a lil bit >=2. i guess i prefer the currenex.
commission looks killer! $91.2 of commission for $222 profit? perhaps try the hotforex premium account and pay slightly higher spreads instead?
my commission was high cos when i started i was running on 3 settings (aggressive, default and safe with AC=8) and i had lots of trades while i was still on the losing side. also, my commission so far this month is $71.80 and that's when i started making profits with mdp, after my initial DDs
Member Since Apr 22, 2010
123 posts
Aug 21, 2011 at 07:44
(edited Aug 21, 2011 at 07:44)
in the acc statement, the profit include the commission, eg.: the profit TL is $222.60 + comm $91.20 = $313.80, net profit is 222.60
that way myfxbook shows accs
that way myfxbook shows accs
Aug 21, 2011 at 08:27
mirusevxs33 posted:i know what you're talking about. you didn't read my post properly. hotforex charges 1 pip commision on every trade, my IB pays me 0.45 pip back @ the end of the month (so you could say i end up paying 1 - 0.45 = 0.55 pip)
in the acc statement, the profit include the commission, eg.: the profit TL is $222.60 + comm $91.20 = $313.80, net profit is 222.60
that way myfxbook shows accs
when i started testing mdp's performance (that's Jul 18 - Jul 31), then i hadn't settled with a particular setting, i had lots of trades, 160 trades in total running around 0.01 lot, and was running @ a loss (my balance was around $86.69). commission @ the end of july was -$19.40, and 45% of that was deposited back to my acc by my IB (can check it out in my stats).
as @ Aug 1 till date, i settled with a particular setting and started trading proper. my total trades since then was about 68, and that was when i started making profits with mdp. commission since then was -$71.80 (and still counting). so by the end of the month my IB'll refund 45% of this month's commission back to my acc. It's the total commission since i started that's -$91.20 but part of it finds its way back to my acc as i've explained earlier.
you can use custom analysis to check out my explanations. checkout from Jul 18 - Jul 31, then from Aug 1 - date
Member Since Apr 22, 2010
123 posts
Aug 21, 2011 at 09:07
no probs, my post was ... supporting you :)
who cares how big are the commissions? there are no bad green numbers :)
who cares how big are the commissions? there are no bad green numbers :)
forex_trader_45205
Member Since Aug 21, 2011
4 posts
Aug 21, 2011 at 19:06
wakeel posted:
sridoy posted:broker: hotforex currenex
What VPS are you using? And what are your MDP settings?
vps: cns uk
number order level: 0
additional channel: 8
max simultaneous order: 2
apply ecn: true
stop order: false
hard trailing: true
Hi nice graph! Do you use MDP version 1.1.6?
Aug 21, 2011 at 22:20
DMX123456 posted:yeah
wakeel posted:
sridoy posted:broker: hotforex currenex
What VPS are you using? And what are your MDP settings?
vps: cns uk
number order level: 0
additional channel: 8
max simultaneous order: 2
apply ecn: true
stop order: false
hard trailing: true
Hi nice graph! Do you use MDP version 1.1.6?
forex_trader_45205
Member Since Aug 21, 2011
4 posts
Aug 22, 2011 at 07:24
Do you think it matters if I have a micro or currenex account?
Thank you
Thank you
Aug 22, 2011 at 21:19
DMX123456 posted:well micro/premium seems to be ok but you might get to miss some trades, that's if spread goes higher than 2 pips @ the moment mdp's about to take some trades. aside that, micro's just like currenex (but with currenex you're sure of getting spreads < 2 pips)
Do you think it matters if I have a micro or currenex account?
Thank you
Aug 23, 2011 at 08:51
wakeel posted:hi wakeel i has asked the live supportto open currenex account with initial deposit $100 USD but thay said its cannot. how can you get that account? what is your IB?
inform them you wanna deposit with less, they should allow you
Just trying!
