After 10 emails over the last couple of days (edit :sorry, weeks, it just feels like days…), megadroids team have release their new EA, pipjet. It’s a USD / CAD scalper that works during the asian session. Now, they’ve put together a massive amount of research / justification for their new EA, and they have 5 working live accounts, and claiming multiple times gains on the original deposit for small accounts. But they are also selling the EA for 79 bucks.
My question is, given that they are so cheap, what’s going to happen if 10,000, 20, or even 40,000 people start using this thing, effectively making the same trades at the same times ? Will the number of people involved skew the market ?
I’d appreciate any opinions on this, as I’m not sure whether to commit to buying. It’s not the 79 bucks I worry about, it’s the possible negative impact on my account if things go wrong…
Hi, I got some of this spam also. I’m thinking about try in a little account that I have… not risking too much.
Soon as I have some test results I will post here.
That’s pretty much an impossibility. Most of them will only ever be on demo, and the ones on live accounts will have changed their settings, and won’t even be all trading the same pairs.
No to mention retail traders have no bearing on the market anyway.
there is only one pair for this robot. usd/cad. MD support assured me that there wouldn’t be a problem with liquidity - I don’t know though, it’s the old gift horse thing isn’t it. too good to be true ?
Like most things here, its worth a try. Ive paid more for Bots. Key element for me is STP/ECN and the ability to configure and
forward test live with microlots first on a small account, if possible.
There have been issues with high spreads resulting in no trade scenarios from posts around the web, but im still going to have a crack.
Guys, we got a hold of this EA just as it was publicly available and have been trading it on Pepperstone Razor since.
I like Megadroid so no reason not to try this. Yes I have seen notes in the expert logs about high spreads, but I have not seen it miss a trade compared to the developers account.
basically it can either win 3 pips or hit the stop loss of 60 pips. so if you win 20 times and lose big once, you’re at square one again. I lost on both strategies, which made a lovely 20% hole in my account. Also, the trades hit the SL at 3 p.m. London time - odd for an asian session scalper…