Forex MegaDroid

No trades for me on Monday.

Garry

Hi Garry, first time that I post on this site although I have been watching this thread for a few months. I also did not get any trades on Monday due to the spread being higher than 44. You can check the reason for no trades under your Experts tab in MT4.

Hope this helps, and let us know how things go for you in the future!

Adriaan

When you get a report in the Experts tab, that’s usually just a 1-tick high spread. So the second before that and the second after that, the spread is normal. This brief spike in spread does not effect the overall MD performance.

(It does effect people with tight stop-losses, they get stopped out, and when looking at the charts, they usually will have no idea why they got stopped out…)

Thank you for the reply Ati, should I be worried about the spread spiking like that? I am with ATC Brokers which I understand has some of the lowest spreads around.

You should only be worried if you trade manually with tight stoplosses.

MD places its stoploss far away (tooooooooooooooo far if you ask me… :)), so this won’t influence the bot’s performance.

In a long trade at 1.23473…looks like a nasty entry point though. :slight_smile:

10.4 pips in 3 min, lol…
edit looked at the wrong times, mine was in an hour.

+8.5pips after a 1hr trade

Trade still open huge loss.

No idea what is going on with my MD but it is really not working.

Hi, I’m not sure what your MD is but just so you can compare.

My broker is Gomarkets which is very similar in entries to AlpariUK
MD version 1.21 running on a VPS
All my MD settings are at defalt
Not useing ADT or any other time frames or currencies.

Like I mentioned on my last post, MD did enter at a dangerous point, looked like the bottom was going to fall out and it went LONG. 1 or 2 less upward pips at the time and I think I’d be sill in there as well…you could of been just unlucky. :frowning:

I did not like the look of the chart and closed out manually - what are your risk settings ?

cheers

that’s because MD itself is crap. so don’t worry about it.

Up 26.7% this month so far. MD sure is crap :stuck_out_tongue:

3

I normally have a bot close the trades but last night I switched it off. Doh!!

Anyway trade still open and going in the right direction.

Damn closed for a 60 pip loss.

Thats the second on this week for a total of 102 pips.

Also had a huge loss yesterday… I guess it is time that I start acting on the news when it says that world markets are behaving badly :frowning:

That is a bit tough , two recent hits

Risk on mine is 0.3 - is that what yours was ?

cheers

Hello Folks!

Don’t want to butt in here, but I really am curious: Does anyone have some figures they’d like to share (brag about) concerning MD’s stand-alone “pipfitability” over a long-term span (months to a year or more)? What kind of pip accumulations are folks seeing over the long haul?

Also, if I may ask, is this truly a near “set and forget” EA (apart from occasionally-needed shutdowns during serious market catastrophes)?

Thanks a bunch :wink:

Another win with IBFX and MD last night for $16 win. Strange trade on forex dot com, same kinda trade but was in the hole last night. difference was one minute only apart on a long buy . Hopefully in the profit by today.
Garry

Last night I was like 0.3pips above TP only. If it didn’t hit TP it would have been a 153pips loss. Reducing risk to 0.1 now until the SLs are normal again.

The same. Time to stick the bot back on.