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Thread: Forex Megadroid Test Pilots Wanted!

  1. #111
    cunicu's Avatar
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    nzfriendlee:
    Be very careful trading -2 I have software that will trade MD at any time I wish to -2 & +2 were the worst results I tested +4 best & +6 if adventurous but will hit s/l more often. I currently at the moment have mine idle not trading at all & have had for several weeks.
    Cheers

  2. #112
    nzfriendlee is offline Junior Member
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    Thank you for your explanation on how MD works. Interestingly this morning (NZ time) I got two tradings, buying/selling, at default -2hr platform, 10pips each. If it goes well I would increase risk setting gradually.

  3. #113
    nzfriendlee is offline Junior Member
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    Default Thanks for your advice!

    Quote Originally Posted by cunicu View Post
    nzfriendlee:
    Be very careful trading -2 I have software that will trade MD at any time I wish to -2 & +2 were the worst results I tested +4 best & +6 if adventurous but will hit s/l more often. I currently at the moment have mine idle not trading at all & have had for several weeks.
    Cheers
    After reading your advice I did back test again with a different broker, and it shows an ugly result.
    So I removed d-2hr setting.

    Thanks again!

  4. #114
    raa
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    Alpari demo last night was hit by 50 pip loss due to the Greek stuff (and my manual trades went into huge profit recovering 90% of previous loss on EURUSD so I am happy-happy), luckily for me MD did not trade on my real account at LiteForex. FXCM demo did not trade as well. Funnily, MD did not trade on my Alpari platform and did not go into last winning trades, but it went into when others did not and hit a loss.. I am wary now of the idea that EA can burn down a significant portion of my hard gained pips. Possibly will ask for refund and forget whole EA mania for good. Until I develop one with sensible profit-loss target myself one day...

  5. #115
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    Hello everyone
    No trades for standard MD last night.
    I would like to inform you that now I installed forex Scalpa that is made from the megadroid team. It is exactly the same thing, same installation, same parameters. The only difference is that the pair is Eur/Gbp.
    So I will also add in this thread the results of both robots.
    I want you to know that I try a lot of robots but after a week I usually ask for a refund.

  6. #116
    anhydro is offline Junior Member
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    I have also had two shorts by MD on Alpari live: one at 1.33254 and 1.33281 but exited both nearly the same place where opened the positions. I don't really understand why but maybe it was struggling for a while waiting for the 10 pips move and decided to exit where entered.
    Forex scalpa made a winning trade on EURGBP. I have installed both MD and ForexScalpa on the same account but on different VPS.

  7. #117
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    Quote Originally Posted by capsmart View Post
    Hello everyone
    No trades for standard MD last night.
    I would like to inform you that now I installed forex Scalpa that is made from the megadroid team. It is exactly the same thing, same installation, same parameters. The only difference is that the pair is Eur/Gbp.
    So I will also add in this thread the results of both robots.
    I want you to know that I try a lot of robots but after a week I usually ask for a refund.
    Vas
    Hope you have Scalpa on Demo fit for trash only been around for ages Mega boys use it to entice clients to purchase other bots & systems from them, which by the way is against Click Bank regulations but hey they get away with it.

    Cheers

  8. #118
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    Quote Originally Posted by raa View Post
    Alpari demo last night was hit by 50 pip loss due to the Greek stuff (and my manual trades went into huge profit recovering 90% of previous loss on EURUSD so I am happy-happy), luckily for me MD did not trade on my real account at LiteForex. FXCM demo did not trade as well. Funnily, MD did not trade on my Alpari platform and did not go into last winning trades, but it went into when others did not and hit a loss.. I am wary now of the idea that EA can burn down a significant portion of my hard gained pips. Possibly will ask for refund and forget whole EA mania for good. Until I develop one with sensible profit-loss target myself one day...
    Raa:

    Right there with you on developing a bot that works & has sensible R/R ratio not 40/1 or worse.

    Cheers

  9. #119
    raa
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    I would like to compliment ClickBank here. I have only few days left till 60 days since a purchase of MegaDroid would be over. So I have decided to get off, as since these 60 days my small real account still -10% of original deposit, as trades were rare, mostly for a few pips only, and account did not even recover after one single losing trade that wiped out 30% of balance (whole 100 pip loss). Back test may show all that magnificent results, but reality bites. I believe the EA is actually optimized for past trading periods heavily.

    Anyway, I would like to compliment ClickBank for refunding me in about 12 hours after I have filed the request, without any argument or additional requests. No more robots for me. I really do not need that extra stress that during my sleep EA may burn down a big portion of my account, so I wake up frightened and run to PC to check it out.

    Freedom, yey!
    Last edited by raa; 25-03-2010 at 01:20 PM.

  10. #120
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    I had two winning traders, one from MD for 1 pip and another from Scalpa for 4 pips last night.
    MD has a way of "thinking". It enters at a certain moment when the market is calm and waits for the 10 pips. If during the 2 hours that is awake it does not make the 10 pips it will close the trade before Tokyo opens. Last night it could have made the 10 pips profit but it was after Tokyo open and MD is not risking.
    Sorry Raa but I am very happy with MD and since Scalpa works the same way I do not see why I should not be happy with it as well.
    I am running MD on IBFX and Scalpa on Alpari UK, both real accounts.
    I have been using MD since November, only had 2 loosing trades when price moved unexpectedly because of news that were not expected.

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