Forex MegaDroid

BTW I am running Cloverix live and saw +3 pips last night in a couple of simple scalps. No muss no fuss.

cyber1, same here. I paper traded my own strategy for the past three days seeing increasing gains with 46 pips yesterday.

I have 130 on my Live IBFX. Also have 121 on several IBFX Demo accounts as well as AlpariUK and IAMFX.
I see very little difference given the same settings on each different broker. The commissioned brokers like IAMFX have a slight advantage on spreads.
None of the IBFX Demos traded as there may hve been other EU trades and IBFX does not allow hedge trades so if there was a Sell trade on and MD wanted to do a Buy it will not trade. I have not checked each log file yet to see if that is the case.

Here is the result of the trades from Thurs 9/9/2010.
The 121 trade on IAMFX closed out w/a 2 pip loss.

The 130 trade on IBFX I closed out manually at a 16 pip loss as it turns out I should have left it alone as it came back to B/E and then some.

Not bad. Makes you wonder sometimes why you sit around and wait for MD to trade and come away with 10-14 pips only to be disappointed when it doesn’t trade, worse yet gets stopped out or gets close.

I have a strategy that I have been trading for about a yr and a half on Demos and this was the first week I put it on Live and came away with 470 pips.
Started Sun. nite and by Wed morn. all done except I trade that may stop out for 150 pips. Still not bad for 3 days which included a US holiday.
The only downside is I set the Lotsize to 0.10 which is why MD almost wiped all my gains which was set at 1.65 Lotsize.

Nice week. Congrats on that strategy.

Agreed. MD is not supposed to be a 5 hour long process of near-miss 45 pip loss. I can do that myself ! :slight_smile: :slight_smile:

I am live on IBFX, dbFX, FXCM, and Forex.com. FXCM is the laggard. The rest all the same.

Also have a small account on Tadawulfx and they just don’t have the liquidity…too many requotes…just doesnt work for a robot. Will close it soon.

Only dbFX and Forex traded last night. MD 1.21 No idea why.

My suspicion is that MD trading is being managed by someone or a machine to keep trade volume managable but that the market has started trading against it.

I’ve been using MD 1.3 for the past 2 days and no trades. I guess ill have to learn to trade manually because this is getting to me.

Hey guys,

I am new to megadroid. I have just installed in about a week now. The bot has made 2 trades so far. In both of them, it closed the trade with a 1 and 2 pip profit. Why is this so? Why didnt it only close the trade when it reached the S/L or T/P price?

Cheers

My guess is that it didn’t reach the S/L because the price moved in the opposite direction before reaching S/L; I wasn’t up watching it that late. 1.21 ran for hours instead of closing out when it should have. As far as taking profit at the high that it reached was because the T/P price appeared to be way too high.

I decided to not run either one of them for now, considering the consecutive losses with 1.30 and no trades with 1.21.

If Megadroid isn’t trading you don’t have it set up properly. You’re likely not using a broker conducive to the EA.

I’ve heard of many people complaining about trade frequency, but when my computer/connection is right Megadroid trades like mad for me.

I meant to say “no decent trades in 7 weeks” with 1.21. It’s connected great and I had an ETN broker.

On the other hand, 1.30 has been a huge winner and huge loser, and very risky. It’s a totally diferent EA than 1.21. :frowning:

For now, MD is going to sit on the sidelines. I wish you lots of luck, you’re going to need it. Maybe things will change, we’ll see.

…you mean ECN? What broker? All I can say is this isn’t the first time I’ve heard this and I usually discover it’s because Megadroid isn’t optimized for the individual’s system.

How pathetic. Why did you never bother to inquire with their customer support on the matter? I did and they said it was merely a market phase like this and had nothing to do with the robot’s upgrade. Do you think you know it better than its developers?

Made a ton of money in July with 1.21, and not much with it in August

It’s been break even with 1.21 for 7 weeks. And yes, I was with ATC. Commissions took a 5% of the account.

Switched to 1.30 last month and it ate all my profits and then some. To clarify here, I know how to run the bots, and 1.21 did extremely well, and 1.30 is not the same bot. 1.21 is now dead in the water and breaking even for 7 weeks. It didn’t take a nice profit as it could have last week and ran for hours and hours.

1.30 opens multiple trades and loses all the profits. Had 2 huge losses in August with 1.30.

I did. Lost 20% of the account. End of discussion.

Care to post a copy of your trading statement? Here’s mine with FXPro: FxPro_MD System | Myfxbook

I did too take a losing trade in August, but then the robot was back on track for a recovery as usual.

It’s weird how people start off with junk brokers and then blame the robot for their losses.

ATC isn’t a junk broker.

Your account didn’t take the 2 huge losses with 1.30 August for some reason. There were 2 losses in one week in August. It lost over 200 pips in 17 minutes and closed out the trade. Then opened 2 more losing trades and tried to open a 4th. Did the same thing the following week. Imagine my distress when I turned on the computer and saw that!

Once 1.21 is back on track again, I might give it another go. I watched your account go down to -$1700 the other night, good thing it didn’t go all the way down to SL.

what version you are trading with now?

Switched back to 1.21. It could have taken 30 pips the other night and it didn’t. It looked to me that the TP was set way too high when the trade opened which is why it didn’t take it. Then it dropped way down to over 50 pips to break even.

It sounds like you’re the only one that’s losing money like that.

Not the only one, Wendy did too and so did others. Read the past posts.