Thoughts on MD's occasional huge losses
Hey Birdie,
Big fat losses. Been there, done that, know ur pain. Why do we accept 50 pips SL with 2 to 10 pips TP from our EAs? Try LMT if you are totally exasperated, but I'm not giving up yet b/c the official site DID NOT have a loss Thursday. I have a live acc't w/IBFX and have had two manually closed out Megadroid looser trades, each around 50 pips - one last Thursday, which is in contrast with the vendor's performance claims. From others' comments and my reasoning: it seems best to just use the recommended broker, ForexMeta, with a lightly loaded machine, probably your own that you control, with tons of RAM, fast cpu, lots of swap space, etc., and just dedicate it to Megadroid, using standard settings. I too fell into the trap of setting up two charts, with high risk and the MD EA on a 1 hr and 30 min. Gosh, more trades and money! Great, but oh, the losses! Apparently MT4 is: very sensitive to 1.) data feeds; 2.) cpu power; 3.) closing two trades at the same time. I think it has trouble closing out two trades at the same time because it seems to give up on the trade w/the larger stop loss, at a congestion point. Never mind the unique ref. numbers. That's bad though, because it too was in the money (assuming you have the time to watch it) for a few minutes. Officially MD waited 9 more hours, to get 1 pip in-the-money, though it could have had 10 pips like the other 5/22/09 trade.
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