Million Dollar Pips EURUSD Diskussion

I tried FTT and it does not work for super fast opening/closing of trades like MDP does.

i see cos i asked dukascopy they say their execution time is around 400ms but then again with the bridge i assume the execution time goes to shits??...

interestingly also the ip address of live.fairtradingtech.com = panama??
 but my ping time is 46ms with them with server from lithuania

for some reason u can ping test the live-login.dukascopy.com live server so i manage to run a a java script on live jforex and got these results... its just 2 trades

15:05:19 EUR/USD order ID = 51008412: JForex Delta = 570 ms, in average[2] = 518.0 ms
15:05:02 Order FILLED at 1.30318 USD (#51008412 SELL 0.001 mil. EUR/USD @ MKT) - Position #22940EUR/USD
14:46:18 EUR/USD order ID = 51005307: JForex Delta = 467 ms, in average[1] = 467.0 ms
14:46:02 Order FILLED at 1.30627 USD (#51005307 BUY 0.001 mil. EUR/USD @ MKT) - Position #22940EUR/USD
13:23:59 Connected.
13:23:56 Reconnecting...

Pretty astounding so far Birt, wish I could figure out the right set up for it. I'll take a deeper look at its forum over at donnaforex.

Looking into it further, I myself couldn't trust this EA with more than $1k of my money, so I'll just pass.

birt posted:
Will is correct, it's a private brokerage. The results on my account are better than the results you should expect when running it on the average broker. In fact, to the best of my knowledge, MDP is not profitable on most brokers.

Perhaps that should be reflected on your EA review site? I purchased it because it 'was' at the top or your list. Why don't you use a regular broker so the results are more realistic?

Sometime last year I started specifically writing warning notes on EAs that have such particularities, but it looks like the MDP article was missing such a note and that's because it was posted way before I started doing that. Anyway, if you read the article comments, there's a rather long debate about the brokerage and the sensitivity of the EA to your broker & VPS. I've repeatedly said this and it's no secret: it is VERY hard to get a profitable MDP setup and people who have one are not at all forthcoming when it comes to details. Anyway, now that you mentioned it, I will add a note about the whole thing above the forward test.

Finally, I'm truly sorry if you were somehow misled into thinking that making profits with MDP is as easy as buying it and placing it on a random broker, but frankly you should have read the comments posted at https://eareview.net/live-forward-test/million-dollar-pips. I recommend asking for a refund if you believe you're not up to the challenge of finding a good setup for it (and I would note that this endeavor would require a considerable investment of both time and money).

I have experimented a lot with this EA with several brokers: Divisa Capital/IBFX/Tadawul/Universal. All comes down to speed and distance to the broker. I had the best results with Divisa Capital...they claim to host their mt4 servers in the same data center as their liquidity providers to reduce execution time. I was also using CNS for my VPS. Ping time is under 2ms. Anything over that and you will lose all of your money with any broker. VPS is a must with this EA. 😎

What I'm wondering about is I see people on all kinds of forums say 'i used to experiment/ try' etc. and at some point they found a good setup, like moneymanager420 (post above me). However I then wonder.. if this EA is so great IF you find the correct setup.. then when you DO find the good combination of broker &VPS why would you stop it? Why do they say 'i USED to ...'

Well if you look at Birt's (above) live MDP account it's been loosing since Oct 2012. It was working great for a while, but obviously it doesn't suit current market conditions.

There's a drawdown period now, but it seems to have started to recover.