system will risk 6600 usd with 0.01 lot size just to save a single trade. On the top of that you should calculate the margin call level for the different brokers. AND if you are lucky swap will be on your side if not you should also calculate that.
if this seems ok for you you can trade grid. Or instead give the money directly to the Broker. this saves time
I will tell you with which brokers MDP will not work. FXOPEN VANTAGE GOMARKETS MBT OANDA those are for sure. Fırst 3 slipps no matter what. FXOPEN sometimes slipps 8 pips on manual order execution at liq. hours. MBT is then one of the most slower execution has. OANDA saying they dont use VDP but their order execution is really slow. you can eyeball it no need to count by ms.
there sould be a combination of <800 ms order execution and reasonable slippage. faster order execution does not mean that there will be no slippage. If you read the VDP manual you can understand that.
the main problem is MDP is openning too many orders in a very short period of time and when the price is fast. on the top of that it is modifiying orders and trailing stop chasing after the profit.
when all come togather with more then some hundreds of MDP working with same brokers server it becomes a mess.
so my opininon is using the group orders. and work with most profitable trades option.
MDP BT maens nothing. When BT - No slippage - No order Delay - No VDP - average tick size is totally different from real data feed even if it is %99 or %200
My opinion is the most important setp for MDp is trailing stop gap! that should be worked on.
I am currently testing it on Pepperstone.
I will share my results here if find a working setup.
after cheking the average order execution times for 3 weeks ı have found that; order executıon test we have performed to see the speed of the broker with pending orders are not reflecting or can not be used as spped data. it can only show if broker is very slow or not.
demo broker A test result 700 ms || execution average result 1217ms ( > 5000 ms filtered out ) broker B test result 86 ms || execution average result 482ms ( > 5000 ms filtered out )
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