This was on the Million Dollar Pips forum at Donnaforex today. Hope it is useful. Please comment if you have anything to add.
Quote from: jhenrikb on Today at 04:34:34 PM
New to forum here. And new to MDP.
Seeing a lot of diffrent settings and diffrent results on live and test acocunts.
Anyone have a real Long-term account thats doing good with MDP?
Can I ask for your settings? =)
This EA is very sensitive. Settings good for one broker might not be good for others. Each broker has its own trading conditions: order execution time (open, modify, close), slippage, spread, liquidity, and trading restrictions. The EA has many parameters that will allow you tweak the EA according to broker conditions. For example, if spread is high you should disable AutoApply_ECN (false). If order execution time is high you should disable use_stop_orders (false), enable group_orders (true), and use lower Max_Sim_orders (4 or less). Lowering NumOrders_Level and Additional_Channels will result in less trades but reduce entering orders prematurely (less profit and less loss). I advise you to start with very low risk and run the EA for sometime to check its performance with your broker.