Million Dollar Pips (By milliondpips)
| Прибыль : | +26241.17% |
| Просадка | 39.44% |
| Пипс: | 5202.2 |
| Сделки | 4497 |
| Выигрыш: |
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| Потери: |
|
| Тип: | Демо |
| Кредитное плечо: | 1:200 |
| Трейдинг: | Автоматически |
Million Dollar Pips Обсуждение
forex_trader_32776
Участник с Mar 28, 2011
1008 комментариев
Oct 05, 2011 at 21:41
fughe posted:
stoneflash posted:
Has anyone else had this situation?
This is a fault of MDP. It appears that the decision whether or not to use the stop orders is hard coded and the true/false settings are just for show.
yes this is true. - It runs its OWN test to determine if Stop orders are acceptable. I believe all it does is check the MarketInfo() StopLevel. If the broker's stoplevel is less than X, it will use Stop orders, If not, then uses market orders ( more slippage ).
Interesting huh?
forex_trader_32776
Участник с Mar 28, 2011
1008 комментариев
Oct 05, 2011 at 21:41
lobotomy8 posted:
Hi guys,
I did a test verifying exec time.
I've got Pepperstone Razor account.
I installed MDP on VPS located in Sydney, where ping time to Pepperstone is
2ms. MDP shows exec time 5960 ms.
Then, I installed MDP on VPS located in New York, where ping time is 225 ms.
And again, MDP shows exactly same value 5960 ms.
What is going on ? Why exec time is the same while ping is different ? How to improve exec time ?
This is the Back END infrastructure at PepperStone. They are delaying execution. It is most likely to avoid profitable trades with MDP. They can easily check your trade history to see if you are using this BOT....
I trade manually at Pepperstone, and Execution is faster than 5 seconds, however, Its not <1 second either. - And my ping is <54ms to Singapores server. https://www.myfxbook.com/members/pipinvestment99/redbull/124751
Участник с Jul 06, 2011
80 комментариев
Oct 06, 2011 at 02:17
I still have 'Open' & 'Close Slip too High' & 'ECN Entry'& 'Exit Conditions Failed' & yet MDP still placed 4 trades, all wins, for +15.1 pips total. Go figure!
I have speeds of: Exec. Time: 643; Open Time: 1148; & Avg. Mod. Time: 461.
Still no trades with US/JY.
Any one know of setting changes that would have MDP trade more?
I have speeds of: Exec. Time: 643; Open Time: 1148; & Avg. Mod. Time: 461.
Still no trades with US/JY.
Any one know of setting changes that would have MDP trade more?
Участник с Jun 15, 2011
270 комментариев
Oct 06, 2011 at 06:18
Too many things too many comments...
First I tried with Iam Fx-------MDP loss....
Then tried with Alpari Ru-----MDP loss again....
... tried with Trader's Way---MDP loss classically....
...tried with ATC Brokers-----MDP loss as usual...
...tried with 'recommended' pepperstone----again loss...
MDP is an useless bot. It can be only work at demos... Because of this the developer can only show us a demo...
And with this EA only the developer gain too much money...:)
First I tried with Iam Fx-------MDP loss....
Then tried with Alpari Ru-----MDP loss again....
... tried with Trader's Way---MDP loss classically....
...tried with ATC Brokers-----MDP loss as usual...
...tried with 'recommended' pepperstone----again loss...
MDP is an useless bot. It can be only work at demos... Because of this the developer can only show us a demo...
And with this EA only the developer gain too much money...:)
forex_trader_25578
Участник с Dec 24, 2010
8 комментариев
Oct 06, 2011 at 06:42
Here is my experience with MDP.
First I will say that the customer support stinks. Initially when I bought the bought, I was recommended by Mr Morrison to use Currenex Feed at HotForex when I informed him that the bot did not take many trades due to wide spreads.
So I took his advice and changed to HotForex Currenex. I also asked Morrison if his account on myfxbook was default settings. He said yes. So after plugging into HotForex Currenex, true enough the bot started taking trades. It was 50/50, win some lose some.....no true profits. So I ask Mr Morrison, if he was sure the parameters on his bot were setup via default. I asked this because I would get a long series of trades (a string of losses / gains) at various times. Comparing his results on myfxbook, I could not see ANY similarities in trades. So my next guess was the broker he is using and what I am using are on different GMT shifts.
I email him and again, I get these one line responses which really start to annoy me. This time, he recommends a VPS. He recommends ForexVPS...which by the way, lacks in both support as well as server speed. My home pc's work faster than their servers which contain both latency as well as connectivity issues. I ended up getting a refund from ForexVPS (Still fighting with paypal on this).....my ping to the Hotforex servers were extremely slow, in the 300ms on a VPS!!!!
So then, I decide, ok, maybe the VPS needs to be in the same country as HotForex.....so I seek out a new VPS and finally find one. Ping response is below 5ms to the Currenex Server at Hotforex. Okay! Now I'm rocking...got all trading conditions right, bot setup right (I even decide to reduce my risk on the bot settings just in case).......
Well, so the bot starts taking trades, and AT BEST....the results ARE Mediocre......it DOES NOT match Mr Morrison's trades online. Now keep in mind, my trading conditions are at this point EXCELLENT. I have the VPS in check, the settings on MDP in check and my account is well funded per Morrison's recommendations.
So NOW I ask him in an email, WTF! His response once again is: Sign up with a VPS....Use default settings, and use Hotforex. Then I ask him.....WHY the hell don't you use a real account on myfxbook....his response.....do a search for MDP and check what live customers results are......
So I tell him that I don't care about live customers or their settings...I want his live account and settings on that account. There's no point comparing trades to a demo. His customers are 50/50 at best.
My final opinion....save your money, this IS NOT the scalping bot you are thinking it is.....I have met all his criteria. I am a network engineer and I do know my networking and got my trading conditions perfect. This bot still lost. If I can out trade a bot day in and day out, there's no point to having one....
First I will say that the customer support stinks. Initially when I bought the bought, I was recommended by Mr Morrison to use Currenex Feed at HotForex when I informed him that the bot did not take many trades due to wide spreads.
So I took his advice and changed to HotForex Currenex. I also asked Morrison if his account on myfxbook was default settings. He said yes. So after plugging into HotForex Currenex, true enough the bot started taking trades. It was 50/50, win some lose some.....no true profits. So I ask Mr Morrison, if he was sure the parameters on his bot were setup via default. I asked this because I would get a long series of trades (a string of losses / gains) at various times. Comparing his results on myfxbook, I could not see ANY similarities in trades. So my next guess was the broker he is using and what I am using are on different GMT shifts.
I email him and again, I get these one line responses which really start to annoy me. This time, he recommends a VPS. He recommends ForexVPS...which by the way, lacks in both support as well as server speed. My home pc's work faster than their servers which contain both latency as well as connectivity issues. I ended up getting a refund from ForexVPS (Still fighting with paypal on this).....my ping to the Hotforex servers were extremely slow, in the 300ms on a VPS!!!!
So then, I decide, ok, maybe the VPS needs to be in the same country as HotForex.....so I seek out a new VPS and finally find one. Ping response is below 5ms to the Currenex Server at Hotforex. Okay! Now I'm rocking...got all trading conditions right, bot setup right (I even decide to reduce my risk on the bot settings just in case).......
Well, so the bot starts taking trades, and AT BEST....the results ARE Mediocre......it DOES NOT match Mr Morrison's trades online. Now keep in mind, my trading conditions are at this point EXCELLENT. I have the VPS in check, the settings on MDP in check and my account is well funded per Morrison's recommendations.
So NOW I ask him in an email, WTF! His response once again is: Sign up with a VPS....Use default settings, and use Hotforex. Then I ask him.....WHY the hell don't you use a real account on myfxbook....his response.....do a search for MDP and check what live customers results are......
So I tell him that I don't care about live customers or their settings...I want his live account and settings on that account. There's no point comparing trades to a demo. His customers are 50/50 at best.
My final opinion....save your money, this IS NOT the scalping bot you are thinking it is.....I have met all his criteria. I am a network engineer and I do know my networking and got my trading conditions perfect. This bot still lost. If I can out trade a bot day in and day out, there's no point to having one....
Участник с Mar 04, 2011
286 комментариев
Oct 06, 2011 at 06:51
myfxjournals posted:
Here is my experience with MDP.
First I will say that the customer support stinks. Initially when I bought the bought, I was recommended by Mr Morrison to use Currenex Feed at HotForex when I informed him that the bot did not take many trades due to wide spreads.
So I took his advice and changed to HotForex Currenex. I also asked Morrison if his account on myfxbook was default settings. He said yes. So after plugging into HotForex Currenex, true enough the bot started taking trades. It was 50/50, win some lose some.....no true profits. So I ask Mr Morrison, if he was sure the parameters on his bot were setup via default. I asked this because I would get a long series of trades (a string of losses / gains) at various times. Comparing his results on myfxbook, I could not see ANY similarities in trades. So my next guess was the broker he is using and what I am using are on different GMT shifts.
I email him and again, I get these one line responses which really start to annoy me. This time, he recommends a VPS. He recommends ForexVPS...which by the way, lacks in both support as well as server speed. My home pc's work faster than their servers which contain both latency as well as connectivity issues. I ended up getting a refund from ForexVPS (Still fighting with paypal on this).....my ping to the Hotforex servers were extremely slow, in the 300ms on a VPS!!!!
So then, I decide, ok, maybe the VPS needs to be in the same country as HotForex.....so I seek out a new VPS and finally find one. Ping response is below 5ms to the Currenex Server at Hotforex. Okay! Now I'm rocking...got all trading conditions right, bot setup right (I even decide to reduce my risk on the bot settings just in case).......
Well, so the bot starts taking trades, and AT BEST....the results ARE Mediocre......it DOES NOT match Mr Morrison's trades online. Now keep in mind, my trading conditions are at this point EXCELLENT. I have the VPS in check, the settings on MDP in check and my account is well funded per Morrison's recommendations.
So NOW I ask him in an email, WTF! His response once again is: Sign up with a VPS....Use default settings, and use Hotforex. Then I ask him.....WHY the hell don't you use a real account on myfxbook....his response.....do a search for MDP and check what live customers results are......
So I tell him that I don't care about live customers or their settings...I want his live account and settings on that account. There's no point comparing trades to a demo. His customers are 50/50 at best.
My final opinion....save your money, this IS NOT the scalping bot you are thinking it is.....I have met all his criteria. I am a network engineer and I do know my networking and got my trading conditions perfect. This bot still lost. If I can out trade a bot day in and day out, there's no point to having one....
well rite now if i like to compare my results with other user i use to look at donnaforex user what they are saying about it
Press F1 for help or Dial 911.
Участник с Oct 05, 2011
36 комментариев
Oct 06, 2011 at 07:24
ForexScam posted:
lobotomy8 posted:
Hi guys,
I did a test verifying exec time.
I've got Pepperstone Razor account.
I installed MDP on VPS located in Sydney, where ping time to Pepperstone is
2ms. MDP shows exec time 5960 ms.
Then, I installed MDP on VPS located in New York, where ping time is 225 ms.
And again, MDP shows exactly same value 5960 ms.
What is going on ? Why exec time is the same while ping is different ? How to improve exec time ?
This is the Back END infrastructure at PepperStone. They are delaying execution. It is most likely to avoid profitable trades with MDP. They can easily check your trade history to see if you are using this BOT....
I trade manually at Pepperstone, and Execution is faster than 5 seconds, however, Its not <1 second either. - And my ping is <54ms to Singapores server. https://www.myfxbook.com/members/pipinvestment99/redbull/124751
If Pepperstone is an ECN broker (check to find out by chat with them) then they have no vested interest in making sure you lose your money. Furthermore, the only way to recognize that it is MDP is by the Magic Number (I believe) so just see if you can change the magic number. The magic number has no effect on trading. I know I have developed many EA's and I change the magic numbers all the time. Lastly, this sounds like an assertion and may not be based upon facts. There could be all kinds of reasons this happened.
forex_trader_32776
Участник с Mar 28, 2011
1008 комментариев
Oct 06, 2011 at 09:00
So far PepperStone has the slowest execution times when using MDP
- https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&#gid=0
Now these results are from only 1 customer and I would love to see some more statistics from other MDP users at Pepperstone.
As far as my executions at Pepperstone, They are not that bad.
- https://docs.google.com/spreadsheet/ccc?key=0AjzNuD3Nx5judHBWdGR2YkwyVU1XQ1JjOFdObmFISnc&#gid=0
Now these results are from only 1 customer and I would love to see some more statistics from other MDP users at Pepperstone.
As far as my executions at Pepperstone, They are not that bad.
forex_trader_32776
Участник с Mar 28, 2011
1008 комментариев
Oct 06, 2011 at 09:10
oldchartreader posted:
If Pepperstone is an ECN broker (check to find out by chat with them) then they have no vested interest in making sure you lose your money. Furthermore, the only way to recognize that it is MDP is by the Magic Number (I believe) so just see if you can change the magic number. The magic number has no effect on trading. I know I have developed many EA's and I change the magic numbers all the time. Lastly, this sounds like an assertion and may not be based upon facts. There could be all kinds of reasons this happened.
I don't know how tricky the brokers are, but it seams to me they could have purchased the MDP and use it on the broker side ( their own lighting fast feed) for ''signals'' which then slows down execution time for all trades at these seconds.
It really sounds crazy but I wouldn't be surprised. If my execution times are faster than MDP users with low latency, what else explains these huge delays. I'm <54ms from their servers and my execution time is under <1 second after running the EXtest for Expat.
Участник с Sep 22, 2011
10 комментариев
Oct 06, 2011 at 09:54
For some reason my trades didn't go through today about two hours ago.. I can see the demo here has returned profit and other online accounts as well..
I checked the journal and can see the following error..
2011.10.06 19:15:55 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 39: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
Has anyone experienced this before? My execution times weren't that bad, however showed a rejection rate of 16%. Spreads were good as well. I'm using defaults with 1% risk and Max_Sim=5.
Thanks all..
I checked the journal and can see the following error..
2011.10.06 19:15:55 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 39: WARN following error blocked our last trading command (REQUOTING + REPEATING) : invalid stops
Has anyone experienced this before? My execution times weren't that bad, however showed a rejection rate of 16%. Spreads were good as well. I'm using defaults with 1% risk and Max_Sim=5.
Thanks all..
Участник с Aug 16, 2010
453 комментариев
Oct 06, 2011 at 10:20
(отредактировано Oct 06, 2011 at 10:42)
Here is an important hindsight. I was testing last two weeks with Oanda and finally put a bigger deposit once moved to Oanda Europe. While I was doing with 150 usd deposit, all went beautiful, modification was 400-450 ms, in MDP average never gone over 1000 ms for 8 orders, this was nice. However, I noticed MDP worked strange at OANDA, it does place pending orders, and modifies them, but never moves SL or TP, and no attempts in the logs, minimal distance on OANDA is 0. However it managed to predict SL and TP very very well and I was grabbing 20-30 pips profits with occasional loss. I decided to go forward and put 5000 usd in it. It lasted only 3-4 hours, once MDP started to place .5-.8 lots orders (grouping was on) and first made 400 usd, then it started to generate lots of error when trying to modify a pending order to follow the price. Then few bad trades and I lost back to the depo. Then some more. Then I created a news MT4 account and transferred funds there. Started with .1 lots. Few nice trades (I run two MDP configs with different magics, one with bigger lots for NO=0 and one with smaller for NO=3) on more risky profile NO=3 but due to slower feed of OANDA and less hectic PA this works very fine there. Then I increased a less risky profile to .2 lots. Then a big trade came 2 hours ago. Both profiles opened trades (no grouping anymore), and again Oanda denied modification. A lot of orders came into play but thankfully to MDP great algo SL wasn't hit and was calculated to the volatility properly. I was around to see it and managed orders to close in a profit, making back my original depo back and pocketing some 50 usd. here is a log from MT4 so you see and here is my accounts I am opening on MyFXBook so you can see how it did. One is original and another one after I moved money to new one. If you trade small and stay under 0.12-0.15 lots Oanda might work for you, but I can't be bothered. Moveon.com
First account: https://www.myfxbook.com/members/mistificator/mdp12-oanda/166605
Second account: https://www.myfxbook.com/members/mistificator/oanda2/173715
01:17:06 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:26 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:27 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:28 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:29 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:30 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: Number of subsequently repeated orders reached limit (5)
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3930984 sell stop 0.10 EURUSD at 1.33817 sl: 1.34031 tp: 1.33513 ok
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:0,1: SELLSTOP price:1.33817 SL:1.33951 TP:1.33593
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931005 sell stop 0.10 EURUSD at 1.33817 sl: 1.34051 tp: 1.33493 ok
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:6,1: SELLSTOP price:1.33817 SL:1.33971 TP:1.33573
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931018 sell stop 0.10 EURUSD at 1.33832 sl: 1.34086 tp: 1.33595 ok
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 35:12,1: SELLSTOP price:1.33832 SL:1.34006 TP:1.33675
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931025 sell stop 0.10 EURUSD at 1.33832 sl: 1.34076 tp: 1.33605 ok
.....
and 1000 lines more I can't post on MyFXBook nor that they needed.
Good luck you all. Try small and you may get money from them.
First account: https://www.myfxbook.com/members/mistificator/mdp12-oanda/166605
Second account: https://www.myfxbook.com/members/mistificator/oanda2/173715
01:17:06 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:26 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:27 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:28 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:29 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:30 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: Number of subsequently repeated orders reached limit (5)
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3930984 sell stop 0.10 EURUSD at 1.33817 sl: 1.34031 tp: 1.33513 ok
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:0,1: SELLSTOP price:1.33817 SL:1.33951 TP:1.33593
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931005 sell stop 0.10 EURUSD at 1.33817 sl: 1.34051 tp: 1.33493 ok
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:6,1: SELLSTOP price:1.33817 SL:1.33971 TP:1.33573
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931018 sell stop 0.10 EURUSD at 1.33832 sl: 1.34086 tp: 1.33595 ok
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 35:12,1: SELLSTOP price:1.33832 SL:1.34006 TP:1.33675
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931025 sell stop 0.10 EURUSD at 1.33832 sl: 1.34076 tp: 1.33605 ok
.....
and 1000 lines more I can't post on MyFXBook nor that they needed.
Good luck you all. Try small and you may get money from them.
Was mich nicht umbringt, macht mich stärker.
Участник с Jan 31, 2011
724 комментариев
Oct 06, 2011 at 10:27
It should be very obvious at this point that brokers have begun slowing down their order execution speed to defeat MDP. Why, I do not know. In most cases the broker supposedly makes more money by having lots of trades from their clients. The bigger the client's wins, the bigger the account, and therefore, the bigger the trades and as such...bigger commissions for the broker. My recommendation...read you client agreements VERY thoroughly and make sure it doesn't say anywhere that they will take the opposite side of your trades. Remember, they are only about making money. How easy would it be if MDP just happened to be the system by which there was a highly predictable way for brokers to take the opposite side of literally thousands of trades and slow things down just enough to cause more losses than wins? That is a huge guaranteed income..and instead of the money being lost going to some other broker, it is going into their own account.
Make losses, but always come out a winner at the end.
Участник с Aug 16, 2010
453 комментариев
Oct 06, 2011 at 10:39
In case of Oanda they don't slow down, just deny modification so you get a worse entry price and more likely to lose. But they are a Market Maker, how hypercritical is that they promote themselves as a broker with most winning clients. I wrote to MDP support with a question why MDP functions of trailing open position stop loss is not working on Oanda but a support seems to be absent or just don't match their client base and number of questions/complain.
PS my other broker (ECN) is doing fine.
PS my other broker (ECN) is doing fine.
Was mich nicht umbringt, macht mich stärker.
Участник с Sep 22, 2011
10 комментариев
Oct 06, 2011 at 10:56
Thank you very much for taking all that time to write a complete and meaningful reply!
I can't agree with you more... First week, second, third maximum you'll do well.. But it looks like brokers fight back by simply rejecting your open and/or modification orders.. This will result in you not opening trades or opening trades at a bad price..
About the PDS checking for them not taking other side of trades... if they don't have a dealing desk they can't do this legally. BUT, they can always HEDGE the positions they've sent to the liquidity providers to minimise risk! This is the catch. They probably use this 'loop hole' to operate somewhat a dealing desk.. this is my opinion...
I wonder if Grouping orders would help in anyway since the EA won't be sending too many orders/modifications in quick succession...
cheers
I can't agree with you more... First week, second, third maximum you'll do well.. But it looks like brokers fight back by simply rejecting your open and/or modification orders.. This will result in you not opening trades or opening trades at a bad price..
About the PDS checking for them not taking other side of trades... if they don't have a dealing desk they can't do this legally. BUT, they can always HEDGE the positions they've sent to the liquidity providers to minimise risk! This is the catch. They probably use this 'loop hole' to operate somewhat a dealing desk.. this is my opinion...
I wonder if Grouping orders would help in anyway since the EA won't be sending too many orders/modifications in quick succession...
cheers
mistificator posted:
Here is an important hindsight. I was testing last two weeks with Oanda and finally put a bigger deposit once moved to Oanda Europe. While I was doing with 150 usd deposit, all went beautiful, modification was 400-450 ms, in MDP average never gone over 1000 ms for 8 orders, this was nice. However, I noticed MDP worked strange at OANDA, it does place pending orders, and modifies them, but never moves SL or TP, and no attempts in the logs, minimal distance on OANDA is 0. However it managed to predict SL and TP very very well and I was grabbing 20-30 pips profits with occasional loss. I decided to go forward and put 5000 usd in it. It lasted only 3-4 hours, once MDP started to place .5-.8 lots orders (grouping was on) and first made 400 usd, then it started to generate lots of error when trying to modify a pending order to follow the price. Then few bad trades and I lost back to the depo. Then some more. Then I created a news MT4 account and transferred funds there. Started with .1 lots. Few nice trades (I run two MDP configs with different magics, one with bigger lots for NO=0 and one with smaller for NO=3) on more risky profile NO=3 but due to slower feed of OANDA and less hectic PA this works very fine there. Then I increased a less risky profile to .2 lots. Then a big trade came 2 hours ago. Both profiles opened trades (no grouping anymore), and again Oanda denied modification. A lot of orders came into play but thankfully to MDP great algo SL wasn't hit and was calculated to the volatility properly. I was around to see it and managed orders to close in a profit, making back my original depo back and pocketing some 50 usd. here is a log from MT4 so you see and here is my accounts I am opening on MyFXBook so you can see how it did. One is original and another one after I moved money to new one. If you trade small and stay under 0.12-0.15 lots Oanda might work for you, but I can't be bothered. Moveon.com
First account: https://www.myfxbook.com/members/mistificator/mdp12-oanda/166605
Second account: https://www.myfxbook.com/members/mistificator/oanda2/173715
01:17:06 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:26 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:27 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:28 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:29 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: WARN following error blocked our last trading command (WAITING + REQUOTING + REPEATING) : off quotes
01:17:30 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34: Number of subsequently repeated orders reached limit (5)
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3930984 sell stop 0.10 EURUSD at 1.33817 sl: 1.34031 tp: 1.33513 ok
01:17:31 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:0,1: SELLSTOP price:1.33817 SL:1.33951 TP:1.33593
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931005 sell stop 0.10 EURUSD at 1.33817 sl: 1.34051 tp: 1.33493 ok
01:17:32 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 34:6,1: SELLSTOP price:1.33817 SL:1.33971 TP:1.33573
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931018 sell stop 0.10 EURUSD at 1.33832 sl: 1.34086 tp: 1.33595 ok
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: 35:12,1: SELLSTOP price:1.33832 SL:1.34006 TP:1.33675
01:17:33 MillionDollarPipsEURUSD_1.2.0 EURUSD,M1: open #3931025 sell stop 0.10 EURUSD at 1.33832 sl: 1.34076 tp: 1.33605 ok
.....
and 1000 lines more I can't post on MyFXBook nor that they needed.
Good luck you all. Try small and you may get money from them.
Участник с Aug 16, 2010
453 комментариев
Oct 06, 2011 at 11:21
Grouping orders does help.
Was mich nicht umbringt, macht mich stärker.
Участник с Jan 31, 2011
724 комментариев
Oct 06, 2011 at 12:02
tharaka posted:
Thank you very much for taking all that time to write a complete and meaningful reply!
I can't agree with you more... First week, second, third maximum you'll do well.. But it looks like brokers fight back by simply rejecting your open and/or modification orders.. This will result in you not opening trades or opening trades at a bad price..
About the PDS checking for them not taking other side of trades... if they don't have a dealing desk they can't do this legally. BUT, they can always HEDGE the positions they've sent to the liquidity providers to minimise risk! This is the catch. They probably use this 'loop hole' to operate somewhat a dealing desk.. this is my opinion...
I wonder if Grouping orders would help in anyway since the EA won't be sending too many orders/modifications in quick succession...
cheers
IF they are true ECN, then yes, they cannot take the opposite side of your trades. That is why I recommend everyone reading their client agreement in great detail. A lot of brokers are not true ECN. The match orders internally before sending positions out to the market. Those positions can be matched with whoever they decide to match with. It has been proven time and time again that brokers do act against their own clients. How to tell if you are trading on a true ECN? You should be getting worse than expected slippage for most of your orders.
Make losses, but always come out a winner at the end.
Участник с Nov 12, 2009
19 комментариев
Oct 06, 2011 at 12:36
Has anyone tried MDP on Alpari UK - Pro MT4 platform, the one they claim to have no dealing desk? Is it profitable?
How about FXDD Malta MTXtreme?
How about FXDD Malta MTXtreme?
Участник с Aug 16, 2010
453 комментариев
Oct 06, 2011 at 12:45
It does work, little bit volatile feed, so use NO=0 setup
Was mich nicht umbringt, macht mich stärker.
Участник с Nov 12, 2009
19 комментариев
Oct 06, 2011 at 12:45
fughe posted:
[quote
IF they are true ECN, then yes, they cannot take the opposite side of your trades. That is why I recommend everyone reading their client agreement in great detail. A lot of brokers are not true ECN. The match orders internally before sending positions out to the market. Those positions can be matched with whoever they decide to match with. It has been proven time and time again that brokers do act against their own clients. How to tell if you are trading on a true ECN? You should be getting worse than expected slippage for most of your orders.
I'm confused by the statement above, I thought a true ECN would not have any slippage?
forex_trader_32776
Участник с Mar 28, 2011
1008 комментариев
Oct 06, 2011 at 12:47
fughe posted:
How to tell if you are trading on a true ECN? You should be getting worse than expected slippage for most of your orders.
This isn't entirely true. Slippage is a result of insufficient liquidity within their connections. Slippage is normally dependent on the brokers SOURCE of liquidity. Since Banks are the main source of liquidity, you will need a liquidity connection that is connected to as many TOP Banks as possible.
A list of Liquidity -
https://www.pipinvestment.com/forex-scams/fx-wall/liquidity-providers
Unfortunately most brokers do not offer their dealing book ( market depth) to see if they have sufficient liquidity to fill your orders. Two, off the top of my head are Dukascopy and AdvancedMarkets. Either offer MT4 =)
