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Million Dollar Pips
in
Trading Systems
Aug 26, 2011 at 14:16
Just a quick update. Live account. MDP just gave me a 7% return on my account and then followed with a second trade set for a 16% return on my account. So that brings me to....+21% so far today. Thank God for blessing me!!
Forex Growth Bot
in
Trading Systems
Aug 26, 2011 at 13:52
Trend follower. markets are whipsawing. either shut it off or exit the trades early.
Forex Growth Bot
in
Trading Systems
Aug 25, 2011 at 18:39
Actually, about 95% of all MT4 brokers use the dealer plug-in to screw over their clients. Not an exaggeration.
Forex Growth Bot
in
Trading Systems
Aug 25, 2011 at 17:52
FGB is a trend follower so there for is not sensitive to spreads and other minor annoyances that kill other EAs. You will be fine anywhere as long as they keep the dirty broker trading tricks to a minimum.
Million Dollar Pips
in
Trading Systems
Aug 25, 2011 at 16:37
Hehehe....man I love it when my live MDP trades are better than the demo account!
Forex Growth Bot
in
Trading Systems
Aug 25, 2011 at 10:37
That depends on how much of a purist you are when trading EAs. If you are one of those people who believe you should never intervene....then no....you should leave it alone. If you are a more experienced trader, then you will have identified that the market is whipsawing and the FGB cannot handle whipsawing. So you will either find earlier exits, or shut it off until market starts trending again.
Forex Growth Bot
in
Trading Systems
Aug 23, 2011 at 23:34
wave trailing will make it more profitable in the end result, but you will have to suffer much more massive drawdowns.
Forex Growth Bot
in
Trading Systems
Aug 23, 2011 at 10:57
In trending markets, you can leave it alone and it will make you rich. In choppy swinging markets, the EA needs to be monitored manually, or have a trailing EA setup to baby sit it....since the internal trailing function will not trail all of the positions.
Forex Growth Bot
in
Trading Systems
Aug 23, 2011 at 10:33
If you are concerned about the FGB falling back to a loss, put a protective stoploss in above the entry price. that way it is nearly impossible to have a loss.
Forex Growth Bot
in
Trading Systems
Aug 23, 2011 at 09:54
Heheh, you have been missing out then! It has been making me money this past week. At least since i tweaked the settings it has. I do recommend watching it on a demo to understand how it trades before putting it on a live account though.
Forex Growth Bot
in
Trading Systems
Aug 23, 2011 at 04:56
The FGB doesn't like back and forth movement. Watch it close or it will eat your account quickly.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 10:55
in that case, you would have been profitable with MDP on Dukascopy.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 10:39
If you used their mt4 platform, it was demo only because they never went live with it. If you used the other platforms then you had to use a software bidge and that would have induced the latency necessary to cripple MDP.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 09:42
Those are meant to be guidelines for new traders. In general, if a person's broker does not fit the criteria I laid out, MDP will not work in the long term. I have gathered these statistics from many different people on many different forums. And if you are getting spreads of >2 pips then MDP will not open trades. This is directly from tech support. If you are seeing success over the long term, then I suggest you leave everything alone and not alter anything, because you are succeeding by an error in the system. If you manage to fix the error, it will stop working for you.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 08:02
Eh, I was going to try and help you figure out why your accounts have failed. Your choice though.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 07:53
alright then....what type of account? Did you setup on VPS? AND....what where the average speeds you were getting?
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 07:39
Also, there is still the fact that I know several people trading this bot profitably.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 07:37
I think the real problem is with MB Trading. I have heard a lot of people complain about their EAs failing on MB Trading.
Million Dollar Pips
in
Trading Systems
Aug 20, 2011 at 05:09
Just a reminder for everyone. #1- MDP will NOT open trades if your spread is >2pips.#2- If your order open average time is >800ms, you will possibly miss trades/ get bad slippage that causes loses.I recommend you set the minimum and maximum lot size to your account minimum until you see that your setting are going to work on your account.
Forex Growth Bot
in
Trading Systems
Aug 19, 2011 at 12:11
try re-installing FGB, then using the license software to re-activate you license #. Then start up mt4 and try it.
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