andy. And I hope you will learn the right things from your experienced traders.
always good trading…
and about the 2xx% profit from bravehoststamps, do not look at it because he made it with an high r:r but at least highly profitable EA…
Looks to me, that many have not understood why in the forex industry so many scammers and liars are successful.
MD is a trading system with an awful risk resward ratio, because you are risking on average 6x more than you can win.
Any professional trader knows that the odds are pretty low with such a system and only a very high winrate will allow one to make money with such a system simply by its design. Furthermore, what we call “negative risk” rewards are a “nogo” in the first place, second, a FX scalping system during the Asian session requires high attention on spread, news and markets.
Professional desks trade a totally different basic setup!(at least the ones i worked for or know):
-A position is taken with a risk-reward of 2:1 or better with a rather large SL and a hughe(for MD traders) TP.
Example is the USD/CHF were many times a position has a 150 SL and a 300+TP
-Trades are lasting days and weeks and are taken from larger TFs. There might be additional trades on lower TFs in the direction of the trade only
and here comes the difference:
MD is an Asian Scalper Countertrend system
having said that it combines all the high risks one can imagine.
Conclusion:
MD is a solid and proven system, trade it with low risk and be aware that a string of losers will have a very negative effect on your account.
Therefore MD can be an additional system in an arsenal of strategies, because its a very risky system.
Comment:
Many of you folks here are trading this bot as if it were the greatest thing since sliced cheese and an endless winning machine, using a risk per trade totally out of whack. It is a good method(and believe me a well known one) tailored for inexperienced FX newbies to make them bet the farm!
Do not do that. Be smart.
PT
A friend of mine used to call such things “mental inconsistency”. :o
From what I see, MD takes advantage of the market when it is moving sideways. It starts to trade after the NY session closes and stops trading before the Asian session opens. That means that it is completely protected from eventual unexpected large volumes traded by the big banks… Or am I mistaken?
And i call your manners of turning words into a sentence never said or meant as you falsified it simply fraudulent!
PT
As I have said earlier, it’s both funny and ridiculous to see how some scream fraud without ever being defrauded.
I was with ATC Brokers, and the reason I moved was because of the exact same logs that I got. The trades on Megadroid was so few that I started asking the question where to take my business to. Well, I’ve decided to join FXOpen since other posts on this forum were doing quite well with them running Megadroid.
But those spreads are high, and I thought this was the norm for the Brokers to switch their spread so high to grab as much as possible from the Megadroid clan 
I have only good service and things to tell about ATC Brokers. They go out of their way to assist their clients. But this spread issue is killing me.
Am I cursed, or is there anyone else getting the same “errors”?
One of you needs education the other one glasses:
1.Commenting my post, after manipulating a sentence in its meaning requires no more comments
2.Not beeing able to monitor a spread requires new glasses. Maybe time you use tools like spreadloggers…lol
Making blunt statements without showing any evidence is the way the net works.
PT
Leave you all alone in your kindergarden, play it safe, tonight is FOMC.
LMAO. Did you have a hard time clicking on the link I posted?
a kindergarden…
I always liked to be here but your behaviour, bravehoststamps is out of…
so I will take you to my ignore list because the posts from PT were always great and with much knowledge so it´s easy for me to decide what to do…
guys like you are not welcomed because of not knowledge of how to handle a fair discussion…
so, brave, you´re on ignore now…
Did you really think I was here because of you?
Hey,
I’m in a strategy 1 short @ 1.32613. I know it is FOMC day, but this trade has worked on other news days, and my stop is only 20 pips (plus slippage). I’m almost there …
kdh
Shoot! It made it 1.8 pips past my target, but didn’t fill - that close!
Got my 9 pips!
1.21 opened a sell at 2300 hrs and closed 13 min later for 11 pips.
Hey guys WTF!!!
Protrader simply gave solid advice and I think he’s right. Let’s chill.
Protrader, MD track record speaks for itself. I can find no inconsistencies. But you assert that it is designed for newbies to bet the farm and lose.
Why would anyone build a systemn like that. Are you saying MD is aligned with the brokers? Do you believe the MD people are front running it or something like that?
Thanks for pointing that out, was in fact 7 pips, the TP was at 50 pips (which would have been nice), but since it didn’t stop out I read that figure…which begs the question: if it didn’t hit stoploss or take-profit does this just close at the end of the session?
Thanks also for the reassurance, am now gonna try v1.30 on a live account now since it doesn’t seem to be so erratic.
Guys,
i was simply trying to give an unbiased view of things without making any blunt or hyped statements, since i have no interest in MD itself nor would i trade it.
I felt i could give some advice, because sometimes looking at a method independently provides a good reality check.
1.MD itself is a neat little robot and it is profitable since more than 1 year.
2.I have tried to point out, that the level of risk one utilizes is by far the most important and critical factor to be successful longterm. That has nothing to do with the quality of the strategy itself, it has to do with risk and money management setup.
Bucketshops welcome traders utilizing 30% risk per trade, because they can pocket(bucket) traders money very fast.
That was my point about unnecessary risk. Once again:
A method aiming for 350 pips with a 100 pip SL can be traded with different risk, than MD shooting for up to 10 pips with a 40/60/150SL, even if MD has a 90% success rate. That is simple math, not myth.
While MD needs 4-6 winners in average to recover from 1 loss, methods with a positive RR allow 2-4 losers for each winning trade, quite the opposite ballgame. I still have to see such a method offered by the usual marketers of FX systems to the retail traders. Instead there are a zillion expert systems offered, which are either using “prone to fail” pyramiding techniques or try to scalp 10 pips with a 60 pip SL.
" The truth is that the most successful professional trading is not day trading or, much less, scalping, it is long term position trading in the direction of the prevailing trend on high TF charts. This type of trading has two important advantages. Firstly, we only have to spend limited time looking at the screen, because of very clear and large TPs and SLs (no stress, no burn-out, no frustration). Secondly, the fluctuations (and news releases) that knock day traders out of the market usually have no effect on trades that last a week or so. This type of trading follows the clear premise to let profits run and cut losses short, because it uses TP`s, which are x times higher than the SL and not vice versa and this is the big difference."
Sidenote: There are far better financial instruments for this type of trading than Spot Forex.
Novice traders simply love a lot of activity in the account -remember the biggest complaint with MD was- “so few trades”. Professional traders and desks take only a few positions a month, if at all, because “we” trade for money and not for excitement.
The often promoted message, that a FX trader must place lots of small trades targeting 10-20 pips profit helps only one party in this game- your broker-
Exactly the opposite is true for a successful trader, but placing 1 or 2 trades a month will not make your “retail buddy broker” very happy. Professional brokerage firms do not care at all, because they want happy clients with increasing accounts.
The owners of “Joe`s Bucketshop” want many trades of the retail crowd, because the more trades the higher the possibility of losing the account fast and that is the ultimate goal of “Joe Bucketshop”. These firms give a trader all tools to lose money very fast, starting with leverages of 1:500, credit card deposits and all sorts of services. The moment “Paul Retail” funds his account, “Joe Bucketshop” considers this money as income not as client deposit anymore.
Stay away from these firms!
Most of your MD trading volume never sees the interbank market, never!
3.Any method with a rather high winrate illures traders about the true risk and when losses occur with improper risk, the very best method all of a sudden becomes very dangerous. Per se a trading setup to gain 10 pips with a SL of 40/60/150 must be considered by itself very risky(because of the very unfavorable R:R), that was all i tried to illustrate.
4.More often than not, traders with less experience are risking in this type of methodology more than they should.
After a few losses they think, that the method will not work anymore or is broken. It is not! Simply admit, that losses are part of the trading business, but limit your risk and do not bet the farm, because of the rather dismal RR.
Didn`t exactly this happen here just a few weeks ago after 2 losses?
How many of you have already thought about abandoning MD.
MD loses 4-6x more than it wins in one trade.
I like professional discussions with facts and not any word playing games since there is no need to.
Far more important are useful tips under certain conditions. and i have tried to provide these from a professional standpoint not based on any vasted own interests.
Some folks here have made questionable statements without any evidence, which i commented.(i.E. ATC high spreads=false). At 5 p.m EDST or 21GMT +/- a few minutes the interbank forex market is more or less abandoned, because of the daily rollover. If a brokerage house still quotes prices, one has to expect slightly wider spreads . This is normal and no conspiracy against MD…lol. The same is true for major holidays and on sunday nights.
How many of you know, that backtesting MD on data provided by Metaquotes is simply useless, because you have only 1 min data and not tick data.
In order to test a method, which depends on very small pip movements, one must test with tick data and not with extrapolated 1 min data.
That is very possible with Metatrader, but takes superior knowledge and data sources, all aside from my very personal opinion about backtesting in general(useless).
Backtesting simply shows that a system has been profitable or not under historical conditions and does not allow any conclusion about future prospectives imho.
All of the above are not unwarranted assumptions, these are easy to verify facts.
Any theory about conspiracies against MD are totally unwarranted and speculation only. I have not seen any Level II changes or strange market behaviour during a MD trade.
PT
Note: I never put anybody on ignore, because i gather all opinions…lol, but i absolutly dislike “word games”.
MD is in another S1 trade. A buy this time at 1.33876.
kdh
got 4.8 pips. 
1.21 had 2 trades for me today, both took 5+ pips.
Broke the 300% profit mark on my Forex Megadroid account with FXPro yesterday in less than a year: FxPro_MD System | Myfxbook
My true pleasure to post this when I recall how hysterical the skeptics were, screaming scam without ever being scammed, when I posted my first Megadroid results almost a year ago.