Maybe the MDP setting picture too small to see…
So,I put it in text so you can copy and paste it in notepad and save it as Filename.set to use it in MT4 EA. Dont forget to put your serial(username) first even in backtest and activate your account with MDP…Untitled 1
Configuration================= Configuration
Show_Diagnostics=1
Show_Debug=0
Verbose=0
Silent=0
NumOrders_Level_Info_1=Range of 0…4, adjusts Number of Trades
NumOrders_Level_Info_2=0=Max Profit% 4=Max Num.Trades/Rebates
NumOrders_Level=0
Additional_Channels_Info_1=Range of 0…8
Additional_Channels_Info_2=Safely improves trading frequency
Additional_Channels=8
Slippage_Info_1=Lower value improves profit rate,
Slippage_Info_2=higher: trades more but less accurately
Slippage=3
Username=<your order receipt # here>
Magic=112226
Max_Simultaneous_Orders=8
FIFO_Info_1=if Simultaneous_Orders>1 ,
FIFO_Info_2=u.s. citizens should turn it on
FIFO_Info_3=(required for NFA compliance)
FIFO=0
OrderCmt=MDP_EURUSD_1.1.6
Pessimistic_Testing_Info_1=Simulate bad live account conditions
Pessimistic_Testing_Info_2=during backtesting (i.e. Slippages)
Pessimistic_Testing_Info_3=(this has no effect in FIFO mode :
Pessimistic_Testing_Info_4= +turn off FIFO for “optimistic”)
Pessimistic_Testing=0
Funky_Exit_Info=Exit trades sooner
Funky_Exit=1
AutoApply_ECN_Info_1=Use ECN account settings automatically
AutoApply_ECN_Info_2=when ECN conditions detected
AutoApply_ECN=1
Money_Management=---------------- Money Management
Min_Lots=0.01000000
Max_Lots=1000.00000000
Risk_Info_1=Fixed risk % of balance per order
Risk_Info_2=NOTE : Trading volume is very variable
Risk_Info_3=as stop losses are in different distances
Risk=10.00000000
Risk_Mode_CommPips_Info_1=Risk is commensurate with target pips
Risk_Mode_CommPips_Info_2=otherwise it’s only determined by %
Risk_Mode_CommPips=1
SL_TP_Trailing=---------------- SL / TP / Trailing
Trailing_Resolution=5.00000000
Use_Stop_Orders_Info_1=Set true if 1) your broker doesn’t deal with
Use_Stop_Orders_Info_2=opening slippage when executing STOP orders
Use_Stop_Orders_Info_3=and 2) broker stop level is <= 2.0 pips
Use_Stop_Orders=1
Hard_Stop_Trailing_Info_1=Trailing hard Stop/Loss and Take/Profit
Hard_Stop_Trailing_Info_2=Otherwise, doing it in programmatic manner
Hard_Stop_Trailing_Info_3=and SL/TP is just for covering
Hard_Stop_Trailing=1
Can you post your back test result please? Thanks. And also, after I saved those into filename.set at notepad, what should I do with the notepad? Thanks.
Thank you for sharing your settings, only I can’t read your comments in red :33:
and why you use 1.1.6? there is 1.2 already, may be 1.1.6 is better?
Thank you.
I do tons of 1 year backtest with MDP 1.1.6 and MDP 1.2 . My conclusion is MDP 1.1.6 works best!
Now, the real account is what I want to see at the end of year… millions of dollars…right?
What broker does the MDP work best on? ECN type like MB Trading? Where can I find MDP 1.1.6 instead of MDP 1.2? Thanks.
When you back tested with MDP 1.1.6, really have millions of dollars??
I have try Pepperstone Razor with MDP but a lot of requotes. I changed to FXPRIMUS and got very very few requotes.
Email William Morrison <[email protected]> and ask him MDP 1.1.6.
Below are one of my backtest with MDP. Backtest data 1-Jan-2011 to 1-Jan-2012.
My god! After saving the file, when you want to attach MDP to MT4 chart, there is LOAD button and SAVE button right?
LOAD the file filename.set. Easy right?
Any one running MDP V1.2 and V1.1.6 on same account?
I found MDP dll are not the same. So i have rename V1.2 to a different one and edit MDP ex4 and point to that dll. Set different magic numbers. It didn’t crash MT4. looks running fine.
Hope I’ll get best of booth worlds.
:33:
well…
if you compare the back tests to the real forward account, you can see that the back test is wrong has MDP 1.2 wins while the back tests lost…
for sure 25% of quality is not relevent, specially for MDP
only a 99% back test could start to be interesting… but could because you can’t simulate the latency and the price smoothing of the broker.
from what I can read on other forums, the 1.2 version perform slighty better than the 1.1.6 and its a safer version because there is a better usage of the SL, so in case of a connection issue the SL can save the account.
well I’m happy with the 1.2; but the market is too flat these weeks…
Well, nothing perfect… There are ups and down but for who is unknowledge about forex,better do it with robot… I suggest you to join any forex demo contest and try to gain manual trading skills…Refer Forex DEMO Contests & Competitions 2012
