this one trade on all symbol i guess.all day trading also.
CAN YOU POST YOUR RESULT PLEASE.
BETTER than commercial eas
MegaDroid Pro XE (Xtra Educated!) v1.2
āBehind every great fortune there is a great crimeā
āI do not regard a broker as a member of the human raceā
- Honore de Balzac
Megadroid Pro XE is based on MegadroidPro v1.01, unplugged from the DLL, and
heavily modified to provide additional advanced optimization, and customized
trading features. USE AT YOUR OWN RISK!
Strategy Overview:
MegadroidPro attempts to scalp (10 pips) during the early Asian
trading session, using a conservative, and/or aggressive strategy.
Typically during this time, European and North American
currencies are not being traded, and as such, stick within a tight price range.
Megadroid attempts to find either the top end, or bottom end of this range,
and sets itself up to ride from either side of the range, taking profits.
It typically will finish trading before the European Open, because at this time
the pairs will escape the range and breakout uncontrollably at that time.
Megadroid is spread-sensitive due to its scalping nature, and will perform more
trades on a broker that provides low spreads during the Asian session on
supported pairs. Choose your broker wisely! It is not uncommon for those
cheats to widen spreads out during the time Megadroid trades!
Installation:
Copy the MegadroidPro_XE.mq4 file into your metatrader 4 āexpertsā folder.
This version of MegaDroidPro has:
-
Disabled Authentication
The EA no longer communicates over the internet, or even with the original
DLL file. You will still need to āAllow DLL importsā however, as
kernel32.dll is accessed to get process IDs and system time information.The āReceipt Codeā function has been removed entirely.
It is completely open and you can use it on any Demo or Live account.
In addition, the version string has been updated to show this EAs pedigree.The default reference numbers have been changed to differentiate this
version from default Megadroid users who do not manually change their
reference numbers! That doesnāt mean that you shouldnāt change the numbers
to something else anyway! -
No limitation on traded pairs
By default, Megadroid Pro was designed to only be traded
on the officially supported EURUSD, EURCHF, EURGBP and USDCHF currency
pairs.
The supported pairs are traded with their own separate logicsWith Megadroid Pro XE, you can now trade on ANY pair you wish, and that is a
GOOD thing because MegaDroid Pro XE seems to be insanely profitable on some
of them. To do this, you will have to choose an appropriate logic for the
unsupported pair.For this, there is a āLogicā variable in the EA input settings.
The Logic variable can set to one of five values:
1 - trade with the EURUSD logic
2 - trade with the EURCHF logic
3 - trade with the EURGBP logic
4 - trade with the USDCHF logic
5 - trade with the CUSTOM logicThe default is 1 (EURUSD logic).
The CUSTOM logic is new to Megadroid Pro XE. This feature is here for
advanced users who wish to optimize and develop their own Megadroid pro
trading logics.
There are settings in the EAās inputs that define the values that the CUSTOM
logic will use. You will note that Megadroid Pro uses two different trading
strategies per currency pair.
(The conservative and aggressive strategy, as mentioned in the pdf manual)
By default, the values in these input settings are for the EURUSD pair.To make effective use of the CUSTOM logic setting, you will need to optimize
the settings on the currency pair of your choice.Also, if you wish, you can override the default logic used on the officially
supported pairs. This is done by changing the "OverrideDefaultLogic"
setting.By default, and for your safety this is set to false so you will always
trade the recommended logics, but if you really want to try using the
EURCHF logic on the EURUSD pair for example, then set it to true. -
Trade time flexibility
MegadroidPro XE can be set to trade at non-default hours. There is an option
called āOverrideTradeTimesā. When set to true, the StartHour and Endhour
settings below can be used to manually adjust the trading time to some other
time period.Doing this isnāt recommended unless you have a specially optimized set and
custom logic for trading outside of Megadroidās default trading hours, and
you have tested it thoroughly.There are now also extra switches in the EA inputs to control the safety
trading fuctions of the EA.āTradeMonthEndā, if set to true, will trade on the last few days of the
month. Typically, Megadroid does not trade at these times as lots of
breakouts occur near the end of the month, and so by default it is false.āTradeSundayā, if set to true, will attempt to trade the morning/afternoon
Asian session. By default, this is false, and Megadroid does not trade at
this time.āTradeFridayā, if set to false, will not trade on Friday. By default, it is
set to true and Megadroid will trade at this timeāTradeNFPā, by default Megadroid will trade on the first Friday of the month
which will coincide with the āNon Farm Payrollā news release
(The NFP is perhaps the most influencial forex news release, which can
seriously affect the USD and related currencies). Set this to false and it
will dodge the NFP trading day. -
Advanced Droid Tactics Support
MegadroidPro XE now has support for Advanced Droid Tactics, (or ADT).
Through testing, others have found that Megadroid can be profitable when
traded with the EURUSD in periods outside of the default trading hours.
This has the added benefit of increasing the number of trades that
Megadroid takes, as the number of trading sessions multiply.The ADT recommended trade times are the GMT-2, GMT+4, and GMT+6, on the
EURUSD. GMT+4 and +6 are more highly regarded, and -2 to a lesser extent.WARNING: This is an advanced feature, and NOT for beginners.
You should thouroughly test the trade time periods that you wish to use,
on the pair you wish to run.Also, BE WARNED that this feature works by adjusting the GMT based on the
default strategy 1 and 2 Start hours and End hours! So, it is
NOT RECOMMENDED to have the āOverrideTradeTimesā function set to true,
along with modified Start Hours and End Hours together with any enabled
ADT setting! For safetyās sake, DONāT DO IT! -
Spread limit flexibility
Some brokers have higher night spreads one some pairs, and as a result
MegaDroid often sent out the message: "Safe spread limit exceeded"
Therefore there is a new variable available called āMaxSpreadā to help
counter this issue.- If MaxSpread set to 0.0 (zero), then MegaDroidās default built-in
spread limits for each strategy are used. - If MaxSpread is set to another positive number, then that number will be
used as the new safe spread limit for both trading strategies. - If MaxSpread is set to a negative value (e.g. -1.0, minus one). This will
disable the spread limit protection! (See WARNING!)
Note that in this version, you do not need to multiply the MaxSpread value
by 10 if you are using a 5-digit broker. However, you will be able to make
use of an extra decimal place in the MaxSpread value to fine-tune your max
spread.Example: You want to trade GBPJPY, but its spread is 7 / 10 (day/night).
Set MaxSpread to 10.0 (night spread) and Megadroid will trade as long as
the spread does not exceed 10 pipsā¦
Set MaxSpread to -1.0 and spread limit protection will be disabled.WARNING! MegaDroidPro is a scalping robot! If you set MaxSpread too high or
trade pairs with too high spreads, then it may lead to large drawdown or
even account margin-call and blowup! Try to trade the pairs with the
tightest spreads, and test your strategy beforehand! - If MaxSpread set to 0.0 (zero), then MegaDroidās default built-in
-
Risk Sharing Control
By default, Megadroid pro shared the trade risk between the 4 officially
supported currency pairs. This meant that if you used a risk of 0.1, then
the pairs would share the risk evenly between them, assuming that all of
them traded at the same time.In Megadroid Pro XE, you can switch this default behaviour off. You can
share the risk between some pairs and not with others, giving you greater
risk management flexibility.Keep in mind that with risk sharing off, traded pairs will trade their full
risk allocation. This means that trading four pairs with no risk sharing
means that you are multiplying your risk! You will exacerbate this even more
if Recovery Mode is switched on (Recovery mode will often double lot sizes
in an attempt to quickly recover lost profits!)In practice however, MegadroidPro XE automatically adjusts traded lot sizes
depening on available margin. It also means that whichever pair trades first
will get a larger lot size than subsequent pairs that open during the first
pairās trade. It is not so dangerous because you will most likely not
find all pairs trading at the same time if you do not have available margin
for it. It does however mean that you may have an unlucky day and lose on
the trade that took a larger lot size! -
Break Even Control
Sometimes Megadroid will come close to Take Profit, but just miss and allow
the trade to go backwards into drawdown. The Break Even function will allow
you to ālock-inā a certain amount of profit to prevent this situation.When āUseBreakEvenā is true, the stoploss will be moved to the open
price + BreakEvenShift pips.Example 1, SetBreakEvenAt = 6, BreakEvenShift = 1.
When a position hits 6 pips profit, stoploss will be moved to 1 pip profit.Example 2, SetBreakEvenAt = 6, BreakEvenShift = -2.
When a position hits 6 pips profit, stoploss will be moved to opening
price - 2 pips. -
Force Close Control
Typically Megadroid trades finish before the start of the European open
occurs. This is because during the European session, the European currency
pairs that have been safely rangebound during the Asian session attract
trade volume and break out of their ranges.Typically, as the European session draws near, Megadroid will begin hoping
that the traded pair hits breakeven, or one pip profit so it can close the
trade and avoid possible loss. However, sometimes this doesnāt happen, and
the trade will miss breakeven, and continue into the European open where it
typically (but not always) swings against you and hits its stop loss,
losing you money.The āUseForceCloseā feature, if set to true, will allow you to force any
open trades to close, no matter how far in drawdown they are, by a specific
hour. By default the āForceCloseOnGmtHourā setting will be GMT 8 (the
beginning of the European session). Any orders that are opened at or after
this time will be closed the next day. -
Timed stop loss Control
When āUseTimedStopLossā is true, stoploss will be adjusted based on
lifespan of an order.Example:-
OrderOpenMinute1=70
StopLossPip1=40
OrderOpenMinute2=180
StopLossPip2=30
OrderOpenMinute3=250
StopLossPip3=20
OrderOpenMinute4=300
StopLossPip4=15
When an order is opened for 70 min, stoploss will be moved to 40 pips;
opened for 180 min, moves stoploss to 30 pips; opened for 250 min, moves
stoploss to 20 pips; opened for 300 min or longer, moves stoploss to 15
pips.In the event that the loss is greater the next stoploss level, the trade
will be closed immediately. Based on the Example settings, a trade is
opened for 249 mintues at floating loss of 25 pips, stoploss at 30 pips.
At 250 minutes, if the floating loss is 20 pips or more, it will be closed
immediately. If floating loss is narrowed to less than 20 pips, stoploss
will be adjusted to the 20 pips level.You donāt have to use all 5 levels of stoplosses. To disable a level, just
set the āOrderOpenedMinuteā of that level to 0.NOTE: Your broker may set a āfreeze levelā where stoplevel cannot be set
too near to the Bid/Ask. In this case, the stops will not be adjusted until
the Bid/Ask moves further apart.Based on the example above, say your broker has preset a freeze level of 3
pips. At 250 min, if the orderās floating loss is 18 pips, the stoploss
cannot be moved to 20 pips. Itāll only be moved when the floating loss
narrowed to 17 pips or less anytime between 250 min to 299 min, or if the
loss increases to >= 20 pips.
Unsupported pairs:-
Here is a list of logics to use with some unsupported pairs that have been
found to be long-term profitable. The GBPUSD and USDCAD are considered safe
pairs to trade. Other pairs either suffer from excessively high spreads, or
from being traded during the Asian session (JPY, AUD, NZD).
Use at your own risk, and do some testing beforehand.
Recommended:-
GBPUSD=4
USDCAD=2
Others:-
USDJPY=4
EURJPY=1
GBPCHF=4
AUDUSD=1
Thatās all!
Wishing you many pips and a personal fortune with one of the best expert
advisors for MT4.
Brilliant response!
I personally do not think it is wise to encourage stealing. Which is what you do when you use pirated software. If you want to make money using someone elseās work, the least you should do is respect the hours of work they put into the system and pay them for it, not steal what they did.
Anyway, what do you guys think of trading on Monday night? Itās going to be easter, and very low volume, but MD normally trades at a low-volume time anywayā¦
?
Happy Easter to everyone by the way!
MD does trade on Mondays, Just not on Monday Mornings :Dand not on mondays that are at the end of a month!:DFYI
Garry
I know it does, but since itās going to be Easter, do you allow it to run, or not?
It cant trade on sundaysā¦ It only trades monday to thursday after 5:30pm EST for only that 2 or 2.5 hr window.
Anyone else? Preferably those who know what Iām talking about, such as MONDAY is going to be Easter, too.
Iām turning my bots of on easter, they deserve some rest 
Iāve been offline for a bit so Iāll just throw everything into one pot:
-
MD XE - if itās a pirate, itās not cool. The description sounded great though. Just remember itās money youāre talking about. If botnet writers will try and r@pe your PC just to send emails, imagine what they would do if they could get your money.
-
MD was dead as a dodo for me this week.
-
New bots - I nearly went for Scalpa, Magic Bullet et al, as even trading MD on other currencies should in theory increase the volume of trades. I didnāt though as I am still waiting for my Forex Robot World Cup refund :rolleyes:but Iām hopeful. Plimus have been pretty good about it. Iāll be watching the performance of the new bots.
-
EXE or not EXE - look, youāve got EXEs, DLLs, EX4s and MQ4s. An MQ4 file is viewable code for an expert or indicator, so you can check what it is doing exactly. An EX4 file is a compiled MQ4 file, so you canāt really see what itās doing unless you decompile it. EXE files and DLL files are not Metatrader files - they are containers for generic code that can be run by the user (EXE) or the system (DLL). So for virus writers purposes, there is no real difference between an EXE and a DLL! In fact, from the virus point of view I would only 100% trust an MQ4 file. Sorry for the long windedness but [B]basically you canāt trust a DLL more than an EXE.[/B]
Anyway, Happy Easter to you all!
Z
World cup refund? Tell us more about that. Why a refund? The 2nd place winner looks good to me. It was very steady and seems to show low losses.
No trades for me for over 10 days now.
Yes why the refund? My coworker friend got it a month ago. Says itās working great for him. Iām on their waiting list.
Whats up with the MD? I gave up on relying on itā¦ There is such good signals out thereā¦ Just have the MD as a bonus if it trades:)
You mean Hirider? Aināt that the robot that opens 10 trades at the same time with TP at 10 and SL at 200. Sure looks nice when itās winning, but when those 10 trades hit their SL itās over.
Please go for it if you are comfortable with the risk appetite. I was only demo trading it - none of the bots seemed worthy of live for me. HiRider (or its advanced child) managed to increase the demo account by 16% over the month, but the maximum drawdown was 33% over a period of days. Just too rich for my blood!
(EDIT - what Piet already said :rolleyes:)
Basically - I worked out that itās a thousand dollars that could either fund their bot development or go into my trading pot. I prefer to have it in my pot as I want to learn to trade myself rather than trust bots for good. Maybe one day I will return to such a product but not right now; MD is sufficient for my needs (even though itās been a bit dopey recently - no trade since 24th March for me.
Leepastrana - are you taking signals as well as scalping now? I tried signals before bots and I found them to be be criminally bad - the monthly costs demanded a fantastic performance. Any recommendations (even though this is the wrong place)?
Zorbaā¦ Senior Member now? Where have i been these last 100 pages on the blog =)
Yeah i have been using this signals called Forex Rebellion. But im not here to rave about because it making me some amazing trades. More for me:)
I dont like to show off but i have turned $3500 into 56K in 4 months. But then again i moved from London to California and i dont have a job here. I sit on this all day.
But here is one trick that works SO well for me. Counter trade and stick to one pair. I have trades that are $4000 in the negative and when it looks like its going bad ( must be quick ) counter trade it. Its working for me and ill let you know when i get to that $100K mark.
Leepastrana - are you taking signals as well as scalping now? I tried signals before bots and I found them to be be criminally bad - the monthly costs demanded a fantastic performance. Any recommendations (even though this is the wrong place)?[/QUOTE]
[/QUOTE]
Sounds like a good system you have there!
Can you tell us more about Countertrading? Do you use large lot sizes ?
obviously this only works if you sit on it all day ?
Not really, just you get tons more chances to find a part to place a trade.
Think about it, place a sell tradeā¦ it moves in the wrong direction place a buy trade a little more than the sell. Gain some pips ( close it out ) from the buy trade until it turns around and then your sell trade will be in the money. Its working for meā¦ i have loads that i still have to wait to close out. I have a -11332.10 Profit but i have have over 50K in Equity. From 3500ā¦ thats it.
Stick to one pair, read the news about it! Easyā¦ Dont be greedy or Forex will hurt you! Dont for get thatā¦
I stopped using the FRWC robots after they nearly wiped out my $10k demo account - that also in less than a month! Quite a feat for robots that have been claimed to be the best of the best!
Countertrading is an option I had been considering for some time, but havenāt yet had the chance to analyse or backtest. But I think itās quite a good idea. & btw, way to go
Leepastrana. $3500 into 56K in 4 months - now thatās what I call impressive!