Forex MegaDroid

Had 2 trades on IBFX and FOREX brokers that traded twice on thursday. Both had a buy and sell transaction. Couldnt believe it. All winners…

Oh, by the way, I tryed to trade with other pairs using MD and it will not run with the other pairs. It has the other pairs blocked out would be my guess.

Garry in Naples FL

it’s not hard to have many winners with such a large stop loss, don’t forget.

hi all.
I am new to this forum…I recently buy MD and plan to trade live soon. since you guys are very experienced with this EA, can you suggest what is the optimal setting for RiskLevel? I intended to trade with Alpari and/or FxPro…are these brokers suitable with MD…Thanks guys…

MichaelS

[B]I use IBFX and a vps for speed. I set MD risk at .18

Some may use .3

recommend you start with 10% or …1[/B]
Garry in Naples Florida

I normally run it at 30% risk, but with the current economic crisis I have turned it down to 10%. Alpari is a good broker for MD, a member wendy had great succes with this combination for almost a year.

thx garry & pietpatat. I guess i will start with 10% :slight_smile:
anybody have feedback running MD in fxpro? i’m interested to use fxpro since it has quick & convenient method of funding/withdrawal with paypal.

MichaelS

bravehost on fxpro: myfxbook.com/members/fxcbspro/fxpro-md/6017/NG2BtWqGtH2WU2yHB01b
(it’s sick how much recoverymode/double lotsize +150SL can lose. like 85% of the account balance if you look at the lastest trade)

me on alpari uk: WendyL System by WendyL | Myfxbook

The 1hr chart looks nice tonight. Switching back to 0.3 risk.

Remember that Megadroid doesn’t trade on Month end. Looking at the 4h chart shows that there is almost NO movement. Sad but true…

No movement = Good

Hi Michael,

I am running it on FxPro.
Number of trades is a bit smaller (compared to AlpariUK)
Results look pretty OK with them. (even though I intervened manually a lot as I was afraid with the market conditions the last month) --> would have been better without my manual inteventions

Tuner_Mega_FxPro_Real System | Myfxbook
Risk level was changed a bit. 15 percent in the beginning… 25 for some time. currently running on 10 percent again.

and willing not to intervene anymore :wink:

Small win tonight.

Edit:
And BHS got 10pips on fxpro

3 live accounts running MD with very different results:
FXCM= very few trades and many losses, not profitable at all
FXDD= more trades than FXCM most profitable with 10% profit in 1 month
IBFX= most frequent trades, no losses and 33% profit in 1 month
1 month is not a large enough time frame for conclusive analysis but it says a lot.

[B]I also use a VPS service with my IBFX broker. More than 35 wins and only one loss. [/B]

Thx Tuner for your input. Started with Fxpro since Monday wih 0.1 Risk Level…First trade this morning …small win at +1.2 pips…not too bad for a start

mine is 1.2 pips on fxpro last nite (first trade), wonder what is his setting.

I got that one too.

I have learned I am a crappy trader. MD is much better than I am. As soon as I think I know better I cut my winnings short or solidify a loss when it turned out not to happen if I had left it alone.

Ya. The trade came back from the reds and was closed by MD before hitting TP.
As price was spiking up before it was closed there was one requote for me. But ended exactly with the 1.2 you got as well. (AlpariUK got 3.4 as there was no requote)

Good luck to you! (and to me :wink: )

Anyone else had a trade yesterday? I have a 9 pips win.

No trades for me yesterday. Not on forex or ibfx brokers.

Garry in Naples FL