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wakeel-mdp (By Abdulwakeel )

The user has deleted this system.

wakeel-mdp Discussion

Srinivas Chippa (sridoy)
Aug 12 2011 at 19:06
1 posts
What VPS are you using? And what are your MDP settings?

Abdulwakeel (wakeel)
Aug 12 2011 at 20:13
136 posts

sridoy posted:
    What VPS are you using? And what are your MDP settings?

broker: hotforex currenex
vps: cns uk

number order level: 0
additional channel: 8
max simultaneous order: 2
apply ecn: true
stop order: false
hard trailing: true

Denika Susetyo (denika)
Aug 16 2011 at 21:20
7 posts

wakeel posted:
broker: hotforex currenex
vps: cns uk


Is it allowable to open currenex account with deposit less than 200 usd, it said on their site that minimal deposit is 500 usd.

Abdulwakeel (wakeel)
Aug 16 2011 at 21:28
136 posts
inform them you wanna deposit with less, they should allow you

Denika Susetyo (denika)
Aug 17 2011 at 16:29
7 posts
Thank you so much for the info Wakeel. :)

Abdulwakeel (wakeel)
Aug 18 2011 at 23:44
136 posts

denika posted:
    Thank you so much for the info Wakeel. :)

anytime

trader (spring)
Aug 19 2011 at 07:45
17 posts
good perform.

Valuable investment make you richer
AstroDude
Aug 19 2011 at 08:32
2 posts
Anybody trading MDP better read around a bit. The VPS and Broker can make huge difference in performance to achieve a reasonable return at the risk of big losses if you don't use the right VPS and broker. Im currently sitting in the red (meaning negative) after taking a big hit this week vs others reporting they made reasonable gains. Give it a try if you want as the lure of big money awaits. We all know it's so easy, you just buy an EA and become rich, how simple could it be right. I guess most people have to learn the hard way so enjoy your shiny new EA.

Abdulwakeel (wakeel)
Aug 19 2011 at 20:11
136 posts
AstroDude posted:
    Anybody trading MDP better read around a bit. The VPS and Broker can make huge difference in performance to achieve a reasonable return at the risk of big losses if you don't use the right VPS and broker. Im currently sitting in the red (meaning negative) after taking a big hit this week vs others reporting they made reasonable gains. Give it a try if you want as the lure of big money awaits. We all know it's so easy, you just buy an EA and become rich, how simple could it be right. I guess most people have to learn the hard way so enjoy your shiny new EA.

thanks, passed through the losing stage too (as you can see in the initial DD) before i understood what the EA needs and settled for my profitable settings:

NO=0
AC=8
max SO=2
hard trailing=true
stop order=false
use apply ecn=true
risk mode comm pips=true

muns
Aug 21 2011 at 06:59
5 posts
commission looks killer! $91.2 of commission for $222 profit? perhaps try the hotforex premium account and pay slightly higher spreads instead?

Abdulwakeel (wakeel)
Aug 21 2011 at 07:11
136 posts

muns posted:
    commission looks killer! $91.2 of commission for $222 profit? perhaps try the hotforex premium account and pay slightly higher spreads instead?

i get a 0.45 pip rebate on every commission deposited back into my acc by my IB @ the end of the month. with premium you'll surely get to miss some trades due to spread being a lil bit >=2. i guess i prefer the currenex.

my commission was high cos when i started i was running on 3 settings (aggressive, default and safe with AC=8) and i had lots of trades while i was still on the losing side. also, my commission so far this month is $71.80 and that's when i started making profits with mdp, after my initial DDs

mirusevxs33
Aug 21 2011 at 07:44
123 posts
in the acc statement, the profit include the commission, eg.: the profit TL is $222.60 + comm $91.20 = $313.80, net profit is 222.60

that way myfxbook shows accs

Abdulwakeel (wakeel)
Aug 21 2011 at 08:27
136 posts

mirusevxs33 posted:
    in the acc statement, the profit include the commission, eg.: the profit TL is $222.60 + comm $91.20 = $313.80, net profit is 222.60

that way myfxbook shows accs

i know what you're talking about. you didn't read my post properly. hotforex charges 1 pip commision on every trade, my IB pays me 0.45 pip back @ the end of the month (so you could say i end up paying 1 - 0.45 = 0.55 pip)

when i started testing mdp's performance (that's Jul 18 - Jul 31), then i hadn't settled with a particular setting, i had lots of trades, 160 trades in total running around 0.01 lot, and was running @ a loss (my balance was around $86.69). commission @ the end of july was -$19.40, and 45% of that was deposited back to my acc by my IB (can check it out in my stats).

as @ Aug 1 till date, i settled with a particular setting and started trading proper. my total trades since then was about 68, and that was when i started making profits with mdp. commission since then was -$71.80 (and still counting). so by the end of the month my IB'll refund 45% of this month's commission back to my acc. It's the total commission since i started that's -$91.20 but part of it finds its way back to my acc as i've explained earlier.

you can use custom analysis to check out my explanations. checkout from Jul 18 - Jul 31, then from Aug 1 - date

mirusevxs33
Aug 21 2011 at 09:07
123 posts
no probs, my post was ... supporting you :)
who cares how big are the commissions? there are no bad green numbers :)

Abdulwakeel (wakeel)
Aug 21 2011 at 09:41
136 posts

mirusevxs33 posted:
    no probs, my post was ... supporting you :)
who cares how big are the commissions? there are no bad green numbers :)

oh sorry, thought you didn't understand my earlier explanation

DMX123456
Aug 21 2011 at 19:06
4 posts

wakeel posted:
    
sridoy posted:
    What VPS are you using? And what are your MDP settings?

broker: hotforex currenex
vps: cns uk

number order level: 0
additional channel: 8
max simultaneous order: 2
apply ecn: true
stop order: false
hard trailing: true



Hi nice graph! Do you use MDP version 1.1.6?

Abdulwakeel (wakeel)
Aug 21 2011 at 22:20
136 posts

DMX123456 posted:
    
wakeel posted:
    
sridoy posted:
    What VPS are you using? And what are your MDP settings?

broker: hotforex currenex
vps: cns uk

number order level: 0
additional channel: 8
max simultaneous order: 2
apply ecn: true
stop order: false
hard trailing: true



Hi nice graph! Do you use MDP version 1.1.6?

yeah

DMX123456
Aug 22 2011 at 07:24
4 posts
Do you think it matters if I have a micro or currenex account?

Thank you

Abdulwakeel (wakeel)
Aug 22 2011 at 21:19
136 posts

DMX123456 posted:
    Do you think it matters if I have a micro or currenex account?

Thank you

well micro/premium seems to be ok but you might get to miss some trades, that's if spread goes higher than 2 pips @ the moment mdp's about to take some trades. aside that, micro's just like currenex (but with currenex you're sure of getting spreads < 2 pips)

ardzian83
Aug 23 2011 at 08:51
30 posts

wakeel posted:
    inform them you wanna deposit with less, they should allow you

hi wakeel i has asked the live supportto open currenex account with initial deposit $100 USD but thay said its cannot. how can you get that account? what is your IB?

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