Forex MegaDroid

[bravehoststamps]

I would also like to caution those who are tempted to use and/or distribute illegal copies of Forex MegaDroid mistakenly thinking that there is no way for the robot's developers to find out about it. They might do it selectively, based on the CB receipt numbers - once they notice that the same CB receipt number is being used for authentication by many users. Likewise, they might track down only those users whose CB receipt number is used for authentication by others. They won't need to obtain any information from the user's computer for it - it is enough for them to look up the info in their sales database.

[bravehoststamps]

The first week of my Forex MegaDroid forward testing with four different brokers is over. Below is its brief summary with links to my streaming account statements (the initial balance on each account was $3000).

IBFX: $3137.10, 5 trades, 4 wins, with 1 more profitable trade currently open bringing the account's total up to $3168.78. Streaming statement: MT4 Stats - Share your MetaTrader 4 Stats with the world

Alpari UK: $3146.66, 5 trades, 5 wins. Streaming statement: MT4 Stats - Share your MetaTrader 4 Stats with the world

FXDD: $3115.60, 5 trades, 5 wins. Streaming statement: MT4 Stats - Share your MetaTrader 4 Stats with the world

Forex.com: $3084.40, 4 trades, 4 wins. Streaming statement: MT4 Stats - Share your MetaTrader 4 Stats with the world

[bravehoststamps]

Yesterday's only trade on my IBFX account which failed to reach the TP level eventually closed with a small loss. Yet is was far outweighed by today's two new trades both of which closed in profit on all four accounts. Hence, the current situation on my accounts is as follows:

IBFX - balance went up to $3198.86: MT4 Stats - Share your MetaTrader 4 Stats with the world

Alpari UK - balance went up to $3185.85: MT4 Stats - Share your MetaTrader 4 Stats with the world

FXDD - balance went up to $3151.60: MT4 Stats - Share your MetaTrader 4 Stats with the world

Forex.com - balance went up to $3118: MT4 Stats - Share your MetaTrader 4 Stats with the world

How is it going for those of you who are also testing this robot?

[noone22]

Originally Posted by bravehoststamps

5 trades, 5 wins

It looks too good to be true.

However, may I ask a couple of questions:

1) Is it just ex4 file for MetaTrader?

2) Is mq4 source code avaialble?

3) What type of trades are initiated: scalps or swing?

4) What are target-profit and stop-loss (average in pips)?

5) Is it giving alerts/writing logs, etc?
My idea is - I'm not using EA, but would like to follow their signals and enter trades manually - is it possible to do this with this robot?

6) Which sessions (London, NY, etc) and which currency pairs could be traded?

7) What is the strategy behind this robot? Is it trend-following or what?

The sellers of this robot don't even have return email address on their web-site, so I cannot ask these questions from them directly.

I'm not expecting any wonders from this next EA, which is sold
by numerous affiliates.

[bravehoststamps]

Originally Posted by noone22

It looks too good to be true.

However, may I ask a couple of questions:

1) Is it just ex4 file for MetaTrader?

It's a set of files, including ex4.

Originally Posted by noone22

2) Is mq4 source code avaialble?

No.

Originally Posted by noone22

3) What type of trades are initiated: scalps or swing?

Neither, although many mistake them for scalps.

Originally Posted by noone22

4) What are target-profit and stop-loss (average in pips)?

They differ every time (the MM is quite sophisticated).

Originally Posted by noone22

5) Is it giving alerts/writing logs, etc?
My idea is - I'm not using EA, but would like to follow their signals and enter trades manually - is it possible to do this with this robot?

It trades for you in a fully automated mode, all by itself.

Originally Posted by noone22

6) Which sessions (London, NY, etc) and which currency pairs could be traded?

Asian, EUR/USD.

Originally Posted by noone22

7) What is the strategy behind this robot? Is it trend-following or what?

RCTPA (Reverse Correlation Time and Price Analysis) - they claim it to be their unique development.

Originally Posted by noone22

The sellers of this robot don't even have return email address on their web-site, so I cannot ask these questions from them directly.

Customer support is available upon purchase.

Originally Posted by noone22

I'm not expecting any wonders from this next EA, which is sold
by numerous affiliates.

Part of the reason it made me so interested.

[punta]

Originally Posted by birdie38

Folks,

Just to let you know : I just bought the Megadroid this week on Monday and made 37.50 profit on a 400 dollar account. I started almost 2 months ago with an 500 dollar account, but the Fabturbo robot managed to loose 123,- dollars , so I got rid of it

I have a very good feeling about this robot : spent hours on reading forums etc. and about the settings. I have deposited an additional $500,- in my live account and this Monday we start a little bit more "risky"
Lot Risk 1.0 (in stead of 0.1) and Risk Level 0.2 (in stead of 0.1)

I will keep everybody updated about my tradings next week.....hope to make some profit here.....

Guys - remember fabturbo was great when it started and now it is rubbish - this will go the same way when they have another robot to sell - I am sure

Be careful

punta

[bravehoststamps]

Originally Posted by punta

Guys - remember fabturbo was great when it started and now it is rubbish - this will go the same way when they have another robot to sell - I am sure

Be careful

punta

FAPTurbo went south after brokers increased their spreads. What makes you think MegaDroid will follow FAPTurbo?

[punta]

Originally Posted by bravehoststamps

FAPTurbo went south after brokers increased their spreads. What makes you think MegaDroid will follow FAPTurbo?

FAPTurbo went south after brokers increased their spreads.

My spreads are the same with Alpari UK as they were when i started trading the robot in December - so that aint the reason. They keep updating the version on FT, I started on V23 and now I think its V45, and this seems the worst one yet they have just got progressively worse.

I still trade it every night, HOPING it will come good again.

What makes you think MegaDroid will follow FAPTurbo?

They will want you to buy the new all singing all dancing new robot that will come out after the megadriod has had a good run - how else will they keep getting people to part with there money.

Punta

[bravehoststamps]

Originally Posted by punta

FAPTurbo went south after brokers increased their spreads.

My spreads are the same with Alpari UK as they were when i started trading the robot in December

I never used FAPTurbo myself - just read about the spreads on forums. So what was then the reason for its failure?

Originally Posted by punta

What makes you think MegaDroid will follow FAPTurbo?

They will want you to buy the new all singing all dancing new robot that will come out after the megadriod has had a good run - how else will they keep getting people to part with there money.

Punta

I don't buy into anyone's "singing and dancing". All I care for, just like most trades, is the results. So far, the results are there for me.

[punta]

I never used FAPTurbo myself - just read about the spreads on forums. So what was then the reason for its failure?


i have to say i do not know - it has always had a nasty risk reward feature.

You are going for 6 pips profit BUT the stop loss is - see below

eur/gbp 6 pip profit 112 SL
eur/chf 5 pips profit 53 SL

That seems to be the problem - it has lots of small gains then hits a BIG loss and wipes out all profit + MORE