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Some smaller gains today, 3rd broker stands out again. Probably I will stop trading MDP at 2nd broker soon. Slippage was high again. In the long run this is eating a lot of profit. [cry]
Fred
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Yes, Oanda doesn't seem to like MDP modifying orders frequently and is hitting you with off-quote errors. Better stop trading MDP there. Try to find a broker, that is very fast in demo, then try it live and see if it holds up. See my previous posts regarding which order-times are fast.
Good luck!
Fred
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@Eddie: The error only shows that one entry-stop-order could not be trailed (before entering a position), because of invalid stops (too close to market). But you should also check the "journal" tab for errors at this time and the time after the entry-stops were triggered. Maybe a disconnection problem or Oanda blocked trading by the expert, who knows?
- The error mentioned by you is not related to the trades being open so long.
Cheers
Fred
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@JamesLee: From my experience, VPS to broker latency should be low, but every ms is not decisive. On a demo I tested MDP successfully with a VPS to broker latency of over 100 ms. You can not lower your stated broker-order-lag times decisively by using CNS (or any other VPS wit lower ping to your broker's trade-server).
AvgOpenTime is quite high and AvgModifyTime as well (you should lower maxOrders to at least 4 max).
Probably you are getting less trades because of the high AvgOpenTime.
Cheers
Fred
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@Eddie: Looking at the account in your profile, this doesn't seem like MDP trading. Trades holding time is much too long. Your are lucky that TP was reached and not SL. SL and TP weren't adjusted, from the look of it. Check your trading journal for errors.
Settings seem ok, though, but number of simultaneous order should be lowered, I suggest.
Good luck.
Fred
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There are three main possibilities why MDP doesn't trade or trades less:
- smoothed price-feed of the broker
- spread too high
- slow order opening by broker resulting in opening-errors because of price-change in the meantime
Just my two cents!
Kaptain, the loss in January is rather big, there should be better brokers to use MDP with.
By the way, the official demo is trading worse than my live account 1 this year so far [cool]
Does that mean that Thinkforex demo conditions are even worse than my broker's live?! I opened a live account at Thinkforex last year. Good luck, that I didn'......
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Hey Kaptain,
better luck next time!
How are you doing overall with MDP for January and February?
Fred
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MDP is still alive! +2.1% (2 trades), +3.3 % (4 trades), +4.7 % (3 trades) on the 3 accounts.
Cheers
Fred
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It really depends on your trading style and how much you want to invest into your trading account. If you want to scalp, the choice of possible brokers gets smaller. With higher amounts the regulation of the broker becomes more important. I have been trading mostly MDP in the last months and for this EA intirely different brokers are good than when you want to trade, lets say ForexGrowthBot.
Cheers
Fred
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Thanks autofx101. Exactly: probably I will not put much money there. Instead, it is interesting to learn whether they will apply slippage at some point, maybe when lots get higher. Because ECN without slippage on MT4 can't be ECN, I think.
@kat
I am still thinking about whether to publish the name of the broker. Please wait a bit. I will publish it here, then.
Cheers
Fred
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