George Holt
Private, 1st Class
- Messages
- 84
imo the only way to trade with mdp is to set it up as instructed on an ECN. The one I use is Pepperstone Financial Pty Ltd. They are based in Melbourne BUT more important their server is based in Sydney. Having said that they are about to switch their server to New York as I write. So I will follow and set mine up there too. Read why:-
Whichever ECN you use, its vital for most profitable performance to buy yourself a virtual private server in the SAME city as the broker server. Ask your broker where the server is, it may not be located in the same place as their office. Next get the potential server company to check the latency from that server to the broker server ( both in same city ok). If the ping is 10ms or less you have the perfect set up to make serious profits with the EA. If your brokers server is in chicago, then Google "virtual private servers Chicago", nothing complicated and the server company will do the latency test for you before you decide to hire the server.
I see a lot of people in different forums blaming the EA when they should be looking at the server environment they are providing for the EA. I hope I am not throwing the pearls to the swine.
Sorry to be so blunt, but if you ignore this advice, thinking its some kind of myth, then it will be at your own peril.
I have never used a better EA and it is trading my own and clients money for me at Pepperstone. I am a currency fund manager licensed by the australian regulator ASIC.
Gooday Mark,
I am opening an American Pepperstone account. What VPS did you use for yours? Did you find one with a 10ms ping time?
Thanks, George