A few weeks ago Megadroid released version 1.39 of is robot and in the last two weeks the same team that developed [B]Megadroid[/B] released into the market a new robot named [B]PipJet[/B].
Since I already had a license of Megadroid I just got the updated files of Megadroid from their site and kept them quietly sitting in a directory of my disk (no run means no loss, right?).
Today, I just got overwhelmed by the most complete and well performed marketing campaign of an EA and, only for that irrational and perhaps very stupid reason, I decided to join the hype and buy a license of PipJet.
As you know from other of my posts I simply do not believe in backtests or demo accounts so I decided to setup an account with 1.000 EUR running only [B]MegaDroid 1.39[/B] and [B]PipJet 1.00[/B] with the “out of the box” parameters.
The only thing I needed to change was the GMToffset from automatic to manual because (in a regression from version 1.38) now it does not seem to be clever enough to identify correctly the local time (although it recognises correctly the server time).
[B]First impression:[/B] Are these different robots?
When running they look absolutely equal on the screen!! Welll, one in EURUSD (MegaDroid) and the other in USDCAD (PipJet)… and the name is also different (as expected…).
I hope their “interiors” are different…
Will they perform properly in the real world?
I’ll be the judge of that and I’ll let you know as time and orders go by.
My broker is XTB with 5 digits precision and variable spread.
Wish me luck because I almost certainly need it !!
Just started [B]PipJet [/B]early in the afternoon because, as intensively stated in the ads and manual, the trades of USDCAD will occur during the asian session.
Well, 20:00 GMT (21:00 CET) can hardly be considered asian session, I think…
As far as I know asian session starts at 01:00 CET…
Sincerely I don´t give a damn about when PipJet deals as far at it goes into profit but after all the super explicit bla, bla, bla and the very accurate and detailed explanations on how the asian session is such a marvelous thing I wasn´t expecting to see 2 orders open 4 hours ahead of the asian session…
But, then again, who cares…
As I write this I have 3 open orders, 1 by Megadroid and 2 by PipJet (which is in process of redefining the asian session), all of them with small losses.
Couldn´t have been faster.
In just 3 moves the mighty pair of robots (Megadroid and PipJet) blew away 37% of the account.
[B]EURUSD lost a mere 93 pips[/B] (I repeat: ninety three pips)
In the now renamed asian session that starts when the american market is still open (!!!) the two orders of [B]USDCAD [/B]performed like this:
[B]The firs one made +0.9 pips[/B] (a bit less than one pip)
[B]The second one lost 114 pips[/B] (I repeat: one hundred and fourteen pips)
My guess is that Megadroid and PipJet are absolutely the same piece of… software.
And now I also understand the [B]origin of the PipJet name[/B]: they put the pips in a jet and fly them as fast as possible to a different galaxy.
I have Pipjet and Megadroid running on three different brokers and see nothing like the results you see. Neither have lost a trade this week. [B]On a small $150 real account, those EA’s have generated 9.9% growth this week alone.[/B]
I would suggest testing it on another broker while you’re still in your Money back period…
Changed broker to FinFX since it’s one of the recomended by MegaDroid team.
Much lower spread than XTB but a commission is charged for every transaction.
We´ll see…
After I bought the new PipJet EA I put it directly at a real account at FinFX (1:100, ECN)
The “old” Megadroid EA gives me a good feeling. But oke, I need to say untill now the “old” EA is not having his best year… actually right now it’s underperforming at my FinFx account.
My settings for PipJet are 0.2 risk, No stealth, Rest of settings are default (same as MegaDroid settings)
Results so far for PipJet:
Last Wednesday => no trade because of the big spread
Last Thursday => first trade: 5.4 pips
FinFX live account up & running with MegaDroid and PipJet.
Also added MDP 1.20 just to spice things a bit because the demo test account of MDP is precisely at FinFX.
Orders of MDP at their demo account and my account MUST be very, very similar…
