Allright guys/gals I finally made a deposit in the hotforex account. I figured I would set that one up just for million dollar pips so we can see what happens. I only deposited $300 with the sign on bonus I think it will end up being $450. A very small account but I feel safer with that amount while I see how MDP trades. I will create a myfxbook or something for us to follow.
Talk to you later,
john
The thing about mdp is the guardian protection software that comes with it which can crash your vps and usually requires tech support to get it running again. I talked to the vendor and he says he’s planning a new release shortly which will have guardian removed, otherwise it looks interesting.
I recently signed up for cash4forex as an introducing affiliate for MB trading (test driving them and FastBrokers), which gives me 25% of every commission back to me, and MB pays you for putting in limit orders, there could be positive trading fees with this arrangement. I just thought this might help out with your scalping strategy. Especially since you want an ECN for the spreads.
Check it out, and I will report back on seeing if cash4forex pays their portion of the commissions back through my trading…
simondav I did hear that and so I put MDP on my desktop away from my vps. If that crashed I would be pissed! I do hope they address this very important issue.
EmptyEternity thanks for the heads up. I did set up hotforex and there spreads are great so far as I can tell. They have a 50% sign on bonus. For anyone interested apparently how it works is this. What they do is give you 50% bonus on your deposit. It is for margin purposed only but you can withdraw it once you have traded an equal amount of lots for what the bonus was. For me I deposited $300 so my bonus was $150 and now my total is $450. Once I trade $150 worth of lots I get to keep the bonus. I do think they are trying to encourage over trading in hopes that people will blow there account before meeting the bonus requirements. I’m not overly concerned though since MDP will make me a million 
Seriously it could be a dangerous trap. If I trade based on $450 and my mm is out of wack Once I hit -$300 I would lose my account (I think) The bonus payout is based on trading lot sizes equal to $150 but I could lose $150 trading just $1 lot and I would need to make $149 more trades to be able to have access to that money.
With regards to MDP I think I will end up collecting this bonus but its just like the casinos they don’t give away free money. The numbers are on there side, one way or another they make there money. Okay I’m off my soapbox now.
Ow yea one more thing, no trades today so far.
for an “over-trader” such as myself this ea is great. Today we had nine trades and a net profit of $8.21 or about 1.9% So far so good.
okay I think I have myfxbook setup. I want this widget to constantly update so here goes nothing. It says trading privledges not verified. I think I have to set a pending order but the last time I did that it didn’t work (with fxopen) I will try that but I can assure you guys that this is in fact my account. It is a very small live account. Startup was $300 + $150 bonus. I may atttach this widget to the first post as well.
I was just checking out my hotforex affiliate page. As it turns out today I paid $8.10 in commissions and I am receiving $4.86 as my commission. That is like earning an additional 1% + onto my daily totals. I love the start and I hope MDP can continue. Even if it were to break even the commissions would add up nicely, but of course I am hoping MDP will be a winner.
The thing about mdp is the guardian protection software that comes with it which can crash your vps and usually requires tech support to get it running again. I talked to the vendor and he says he’s planning a new release shortly which will have guardian removed, otherwise it looks interesting
Read more: 301 Moved Permanently
MDP has gotten rid of guardian. I just downloaded the newest version. I’m glad now that guardian is gone I can load this onto my vps where it belongs.
I am testing mdp on an hotforex-micro account. I get the following error in the experts tab:
WARN following error blocked our last trading command (WAITING+REQUOTING+REPEATING): trade is disabled
What does it mean? didnt trade because of requotes? anyone else tried mdp on hotforex?
your best bet is to contact support/ IO am running mine on hotforex and it has traded no problem. Also I ended up throwing wallstreet on this live account. I wasnt going to and than I decided what the heck. WSFR is doing awesome right now. Now that guardian is gone I have MDP on my VPS. I iwll keep you guys updated.
Yeah, I bought mdp when I heard they got rid of guardian. Its also on my VPS. I am testing support now with my question. 
Wallstreet is next to test on my agenda. Is it possible to have several ea´s on one account? Or is it better to open a new account at another broker?
That’s what I’m thinking as well as they have magic numbers anyway but I haven’t tried it.
it is possible to run different EAs on one account, but you have to take care with the magic numbers, which indicates a trade.
usually you can change the magic number settings within the EA settings, so you won´t have problems with it.
anyway i recommend to use different accounts, since it´s easier to check the performance of the EAs and you don´t have to care about the magic numbers. Nearly every broker gives u the chance to set up several accounts very simple.
just a quick question on this one, by using a different account in one instance of MT4, does it only allow you to log into one account at any time, hence EA can only run on the logged in (active) account?
Wallstreet is next to test on my agenda. Is it possible to have several ea´s on one account? Or is it better to open a new account at another broker?
Read more: 301 Moved Permanently
I use the same account for most of my ea’s. What I do is I install multiple instances of mt4 and login into the same account. MDP is on its own mt4 so is wallstreet and so is FGB. I do use seperate magic numbers and I am able to do seperate analysis using myfxbook’s custom analysis tool which allows me to sort by magic number.
Thanks for that Johnny! Now I’m thinking to load different instances of same chart and load the EAs on different instances. Still 1 mt4.
in that case I would limit the number of ea’s to max 4 or maybe 5 depending on how many trade the same pair. If more than 1 ea try to open trades at the same time it will result in an error. If the code is well written it will address this scenario or any requote scenario with a loop or someway to repeat the order until it is successful. Just a thought. My advice would be to keep a close eye on things so you know its all working right.
Is it a free tool? If yes can you please post me the link or the name?
TIA
Just create an account. Than you can create a portfolio. I think there are 2 ways for myfxbook to work. What I do is install there ea on my account and than myfxbook takes data directly from my account and crunches numbers. Once you have a trading account in your portfolio than you can do custom analysis based on pair or on magic number.
First time ever I’m interested in an EA. I’ll be checking in to see what results you get Johnny! You do a good job of systematically testing EAs, if you keep having success I may have to start thinking about changing my mind on EAs…