Please note: I am updating the account manually to Myfxbook after I noticed that MDP has traded. That is because I think the update function would otherwise kick in after each modification/opening/closing which would cost some speed for the Metatrader platform. So sometimes this update might be considerably after the trading.
Account skyrocketed, mostly because of terrific success with trading at Non-Farm-Payroll. But also afterwards market conditions were excellent for MDP and I had almost no drawdown. I am still very satisfied with the order handling of IBFX(AU), slippage is rather low and with about 1.5 pips at maximum volatility-times still acceptable. Overall profit could even be higher if the spread was lower. I let this account run further - no change to the settings since mid November - and will see what March brings.
Hey Duzyfx, I could, but I am - as other people in the MDP-thread - afraid, that my performance will deteriorate when many people are trading the same settings. Most people not even share the name of the broker. But some settings are revealed in the 'general'-tab of the system. Cheers Fred
I am using the VPS from my profile: tinyurl.com/VPS-EastCoast , smallest package, location: Scranton. Latency approx. 12 ms to broker. It is not a special Forex-VPS, but if you know how to setup Windows you get great value for your money. Cheers Fred
Résumé for March: Ok, after the success in February probably there had to be a setback, but I didn't expect this blow, especially on March, 16th. Lots of orders, lots of slippage, lots of losses. 20 % loss for March is more than on my other accounts so I hope this was not a turning-point for the profitability of the system on this account to the negative. Overall - except for the 16th - markets have turned more quiet and there weren't the right spikes for MDP to succeed. We had this in the past before and had gains later nevertheless, so I will let MDP run without changes. Good luck everybody! Fred
April wrap-up: Not much going on in April. Few trades and mostly losses again like in March. I stopped using stop-orders for entry. MDP is obviously in a draw-down, but is also rather inconsistent and gives little return on investment by trading so infrequently. I am thinking about stopping MDP and cashing in my gains as long as there are some. 😀 Cheers Fred
I stopped this system for now, because it is dependent on volatility and volatility is rather scarce in the last months. The system does not adopt itself and there are no updates from the developer. Maybe an earlier version would do better, but I don't have time to try it out. Happy trading! Fred
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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