Anyway PJ heres the deal. I get em and test em. I agree the site is a little cheesy. I always try to look past the marketing. This ea is unique and if it is profitable than it will make a good addition to my portfolio +plus the rebates I think it has potential.
Anyway let me ask you this? Is it wrong for me to make commissions off of my trades, after all if I am successful than why do I need to bother? The answer is simple. Successful people think differently than the crowd. They see ways to make money or to diversify and they put an action plan in place and make money, or if they lose they continue to try new approaches.
Its an age old debate, if he is so successful as a forex trader why bother market? I say why not. I am an electrical contractor, home owner, trader and all around entrepreneur and maybe my attitude seperates me from others who do not find success. I like to think so because I am hungry for success and I thirst for it and I am driven. My goal is time freedom so I can travel and do whatever I want. I see my goal in a similar way that I see my portfolio. Diversification is good. Multiple streams of income is good. If MDP earns a million bucks from this ea by selling it than God bless him. As long as it is not crap.
If a person knowingly sells crap than he is a douche bag! I personally have been in contact with this developer and spoke with him on Skype. He is a great person and genuine. Most important he stands behind his ea.
Anyway everybody makes up there own mind. I am for diversification and if I had something good I would sell it and add to my profits, God’s honest truth.
BTW so far I am very happy with this ea. It has been in positive territory since I started it and making pretty decent returns and the rebates I am getting are like a sweet bonus, my icing on the cake.
I have got MDP v1.1.3 set to default. I have had it running since Monday 24/7 on my Hot Forex Live account. Can you confirm your setting please because since Monday (26/06/2011) it has only done 3 trade which all lost. I am on the default settings in M1 Timeframe. HEEEELLLLLLLPPPPPP!!! I want this to work, also can you explain to me how i get the rebates ??? thanx:53:
I’m running MDP 1.1.3 on FinFX. It only traded 4 times this week. The myfxbook account on the MDP website has 26 trades this week. I sent an email to the developer about why there’s such a big difference in the number of trades. I bought this EA because of it high number of trades.
well you guys are all beating me. I havent had a trade since 6.22 I don’t know whats wrong. I have been communicating with William trying to figure it out.
Starting next tuesday I will be running mdp from my desktop to see if that will make it trade.
As far as trade frequency I know there is a setting to increase this amount for those looking for rebates.
BTW for rebates (hoddyj) you have to either sign up as an affiliate then open an account through your link or you have to find an ib who offers cash back per trade.
I believe numOrders_Level 0-4 is for trade frequency so if you want more trades select 4
Wouldn’t it be easier/smarter instead of dealing with “rebates” to just switch to a broker with super low spreads? FXDD and LCG have <1 pip spreads for EUR/USD most parts of the day.
Hi,
Noticed on your ‘myfxbook’ that the MDP is trading eurusd, gbpusd, usdchf AND usdjpy rather successfully (not quite so with the usdchf tho, maybe you should disable that pair ). On the MDP page the author says it’s a eurusd bot, with the option of buying a separate bot for the usdjpy.
Was there any problems using the bot on these other pairs?
I recently bought the bot as well, even tho I consider myself as a old school trader who likes the hands on approach. I followed your lead and set up a tiny hotforex account and enabled the bot for the account, but sadly the darn bot doesn’t do anything. Probably the same problem as you are experiencing. My version is 1.1.4 i believe, might be something with the newer bots…
Anyhows, a support ticket have been filed to the developer. Hopefully they got a remedy soon.
Maybe the low number of trades is because of settings. If your max Lotsize is too high and your risk is too low, trades won´t be executed. It´s mathematically impossible.
Hi,
Noticed on your ‘myfxbook’ that the MDP is trading eurusd, gbpusd, usdchf AND usdjpy rather successfully (not quite so with the usdchf tho, maybe you should disable that pair ). On the MDP page the author says it’s a eurusd bot, with the option of buying a separate bot for the usdjpy.
Was there any problems using the bot on these other pairs?
I recently bought the bot as well, even tho I consider myself as a old school trader who likes the hands on approach. I followed your lead and set up a tiny hotforex account and enabled the bot for the account, but sadly the darn bot doesn’t do anything. Probably the same problem as you are experiencing. My version is 1.1.4 i believe, might be something with the newer bots…
Anyhows, a support ticket have been filed to the developer. Hopefully they got a remedy soon.
Sorry forthe confusion, I actually ended up putting wallstreet on that account too. I should change the name. I haven’t had a trade in a while using mdp.
Maybe the low number of trades is because of settings. If your max Lotsize is too high and your risk is too low, trades won´t be executed. It´s mathematically impossible.
I tried maxing out the trade frequency and the risk is 1.5%
can you explain the max lots thing.
Anyway I just checked my settings again. I think you may have helped me solve the problem, only time will tell.
I had min lot set to .0001 and max lots 1000
I think hotforex minimum would be.001 (cents) if mdp tried to open anything with the 4th decimal I think the order would be rejected. .1 = $1 .01 = 10 cents .001 = 1 penny
I changed min lots to .001 and max lots to 1
trade frequency is 4 (much to high for me I think, but I want this bot to trade so know its working than I will adjust back down to 2)
real quick, I wanted to let you guys know I transfered my account over toa currenex account. I will correct all the info in my fxbok and stuff and let you guys know how it goes. I will say this hotforex support is top notch 100% very very good
I too followed johnnykanroo’s ideas and setup a $300 hotforex account… I set the risk @ 3.5% all other settings default. I have lost a small amount this week, been running it live since monday. Its made more trades than you guys have reported, but they haven’t really lost or gained much… Today for example its made 3, one down .24c, one up $3.08, and one down $5.88. I’m on the .13 version though it sounds like maybe the .14 isn’t much better. I too have ‘good feelings’ about hot forex, seem to be pretty good. One thing I think is important is speed of the feed… It seems like it wants to scalp during high volume moves, I setup my VPS in England even though I’m in the US, so I wonder if its getting less lag in the data feed their vs. a US VPS, and maybe thats why I’m getting more trades than you guys. There’s a good second or so you’re losing each way going across the Atlantic.
I have been trading million dollar pips since it came out and have been updating it everytime a new update came out. So far I have been profitable with this EA not huge profits but profits none the less. I look forward to seeing how 1.5 will do.
Iv been trade the milliondollarpips on Finfx they have pretty good spreads, I wish I could get an account with ThinkForex b/c thats what they are using but hopefully there wont b a big difference
). On the MDP page the author says it’s a eurusd bot, with the option of buying a separate bot for the usdjpy.
