Forex MegaDroid

Trading Tech and Tools
3262

Another one of those who scream scam without ever getting scammed. Get a life, at last! I do like Megadroid and enjoy discussing it on forums with as many people as possible. Do you have a problem with it? Is anyone forcing you to read my posts?

3263

Let the flaming begin.

I won’t post my live statements since my own trading has been at a loss. But those same accounts have had MD running on them since the start of 2010, MD has always be profitable and I’ve purchased ForexScapla and MDPro because of it. These EA’s trade exclusively on my account. I will post a live statement went my accounts get back into the green.

Get a STP/ECN broker with a fixed spread no higher than 3 or low commissions and rent a VPS. Set it up. Let it run. Yes it will take months but you will earn money. My suggestion, use more than one EA on an account and balance the risk. I’ve seen a few live statements of FAPTurbo and MD running together with good results.

Here’s my Bot reviewers.

Reviewing MD on a live accounts against 4 other bots.
Forex Robots - The Best Forex Robots in Live Trading Competition

Reviewing Multiple EA’s on Demos with good analytics:
Expert Advisor | Forex robot | Automated Trading Systems – and the RTx2 at Forexrobotsfactory.com

And of course ForexPeaceArmy
Free Forex Trading Community With Forex Signals And Broker Reviews

MD has been throughly tested and run live and I like many others have seen the robot do well.

Bravehoststamps does a great job of explaining the bot and answering questions from the community. Look if you don’t like the bot don’t buy it!

If you think the bot is a scam then prove it.

3264

Not at this time - this forum is too good for that. :slight_smile:

Let me also take my chance to thank you for your objective post.

3265

I’ve got to say that bravehoststamps has a lot of patience. He (she?) started this thread, has always shown results, has not hidden risk or any settings, and does answer questions. Jeez, he even tips brokers for us. Yes, there are many who say ‘why doesn’t he verify his account on myfxbook’ but to be honest you can spoof that too. The verification comes from the many other people who confirm the results.

The big problem with Megadroid is that everyone has to go through the following journey:

  1. Wow! A magic computer program that makes money!
  2. Hey, it made me a bit of money.
  3. Hey, it made me a bit more money.
  4. Hey, it made me a bit more money.
  5. Hey, it made me a bit more money.
  6. Hey, it made me a bit more money.
  7. Hey, it made me a bit more money.
  8. Whoa! It lost me a BIG chunk of money!
  9. Hey, it made me a bit more money.
  10. Hey, it made me a bit more money.
    11)) Hey, it made me a bit more money.
  11. Realise that OVER THE LONG TERM it is very profitable, and only if you set crazy risk parameters and hit a loss very early in your trading will you suffer. It won’t make you a millionaire overnight (unless you start with a $950,000 account :p) but it definitely beats a bank account if you can take the risk.

There are plenty of people fooling around with timeframes or different pairs etc. but if you stick to the rules and watch your risk, you should profit. End of rant. :rolleyes:

3266

You can’t rely on just one robot if your goals are to to have a rapid growth rate of say 40% per month. Keep in mind that his statement beats that rate and I would agree that’s not common but not impossible either. I have 3 robots on mine and the best I saw was 20% but that was for one month.

What separates gamblers from investors is having a long term plan. Making changes to MD outside of the guidence of the authors defeats the purpose of running an EA.

If you want to make more money using EA’s, make a team of them using different stategies. No one EA is perfect just like no one trader or car or computer or software is perfect.

Teaming Good EA’s together solves the problem of ‘lack of trading’ by MD.

I’ll post my MD, MD Pro, an ForexScalpa statement after they’ve recovered my manual loss.

3267

So far Megadroid has traded twice this week on the two accounts with AGGRESSIVE mode on. One was a 15 pip gain (on FXOpen. 8 pips on GoMarkets), the other less than a pip. The account with AGGRESSIVE off has only traded once in 2 weeks. Bummer.

I had read that MDPro isn’t as good as Megadroid. Can anyone verify this?

I agree that it’s best to have more than one EA to balance risk but it’s so hard to pick one. There is a fantastic UNBIASED testing site: Forex Trading System, Forex Currency Trading, Forex Expert Advisors that has some great info on robots and lists test results in order of how well they’re doing. Worth checking out. From going here on a regular basis for months now the best performing EA’s have been ‘Forex Multivers’ and ‘Forex Shocker’. I haven’t wanted to spend the money on another EA just yet but these have been looking promising. No rebate on Multivers tho.

So thus far… I’m feeling AGGRESSIVE needs to be ON but still too early to tell.

3268

I can say the MDPro is in the market every trading day. Compared to MD and ForexScalpa, it looses more often but it also wins more often too. The trade sizes are smaller since it’s balanced across the 4 pairs(if you choose to run all 4). Does it earn faster than MD of FXScalpa? Not enough historical data to make that judgement. Does it loose more? I would say no. I have turned Agressive off on my MPPro charts but my risk is set to .7. MD and FXScalpa are set to .7, agressive on. Crazy? Yes but I’m in it for the long haul. Since my big loss last week, I’ve regained 6.5% 49% remain.

My live is on TadawulFX but I’m demoing a Mini account on FXOpen. FXOpen is set aggresive but risk is .3 across the board. It’s earning far faster than my live but that’s demo. The trades execute instantly on demo but on my live I have slippage and some execution delays(slippage setting is 10,default is 3). I’ve only been with TDFX for about a month so I’m still feeling them out. They have a good cashbackforex rebate(.8 pip on majors .35 on EURGBP and EURCHF, MDPro’s other pairs) so I may stick with them just for that and open a 2nd on FXOpen.

Broker diversity is a good idea for many reasons.

3269

Hi
I use MDpro for some time and don’t complain. myfxbook.com/members/Handyman/non-ecn-mdpro/45093
To be precise I use mdpro 1.2 edu which allows me to use different currency pairs to original 4
The weakest currency pair is in my opinion EUR/CHF It just loose in every second trade :smiley: :eek:

3270

Where does one find this ‘Megadroid Pro’? Googled it and nothing pops up. Nothing on the MD site either that’s obviously pointing towards it…

3271

How did you get that version?

3272

It’s provided free if you get an affliate product. I Bought ForexSTF just so I could get MDPro and ForexScalpa. ForexSTF is a POS.

3273

You can get MDpro for free with bulletproof which is not so bad so far.

3274

I opened my fxpro 500$ account 3 days ago, installed megadroid on metatrader… and still, no trades from megadroid :frowning:

What could be the problem?

3275

Check to make sure the chart you attached it to has a smiely face in the upper right corner. If that’s not there then follow the directions in the manual again.

If it is there, check your Journal and Experts tab in the terminal window for any errors from MD. Sometimes you will miss a trade due to too much price slippage. I changed my slippage from 3 to 10.

If you get alot of slippage in a months time, consider changing brokers.
Scalpers need fast and accurate trade execution for the strategy to work.

3276

I would agree that execution speed is a very important factor, so I’d say also the VPS service being used is of importance. Isn’t a slippage of 10 rather high for a scalper robot like MD? It seems a bit dangerous considering the average pips normally won with this robot, which are 6.69 in the case of bravehoststamps on FXPro. However I noticed something peculiar this week. I’ve got no trades on 4 brokers. The only difference from last week is that I’ve turned OFF the Aggressive mode. I have to mentioned that I have a demo account on FXPro, where bravehoststamps got 3 trades this week on his live account. I have checked the log files. MD has made no trading attempts.

[B]bravehoststamps[/B], can you explain this please?

3277

What are your MD’s settings?

3278

Yes, when I turned aggressive mode OFF last week on one account it only traded once two weeks ago. No trade this week at all. My accounts with Agressive ON traded 3 times this week (and quite well). I turned Agressive back on on that account. Supposedly it means that MD only trades when the market is trending and it didn’t trade yesterday and if that’s not trending I don’t know what is!

As for the trader who opened a live account and it didn’t trade for 3 days… that’s normal. MD doesn’t trade everyday and on new accounts it likes to gather data for a bit. When I first loaded it on a demo it didn’t trade for a week and a half.

3279

I think it has nothing to do with gathering data. It should be able to gather and process the data it needs in a few seconds. I have had a case when I was a bit late starting the robot and it initiated a trade a few seconds after it has initialized. It is not artificial intelligence. It simply looks that certain conditions are met. This is not rocket science, only some know-how.

3280

3 Trades for me this week with Go Markets total 24 pips all winners. All settings are default.:

3281

My settings are all default, only the stealth is set to true.