Real activity with Megadroid

[Bob S]

Hi Marc -

I've been using Megadroid since June 1, 2009, and the results have exceeded my expectations. Unlike the dozen other robots I've purchased, this one ACTUALLY WORKS!

Since June 1, 2009, it's placed 56 total trades. Results are 52 winners (93%), and 4 losers. Two of the losers were unusually high (I suspect broker manipulation and/or "mid-night madness"), the other two losers were insignificant. Most of the trades were taken during the Asian and European session. I think only 2 trades were initiated during the US session.

My return thru yesterday is 47%, annualized to 71%.

My broker is FXDD here in the US. Their spreads aren't the best, and I would suspect that it has some bearing on my results and total number of trades. I do not get execution of all of the same trades that are posted on the Megadroid site. I'm using their automatic lot sizing setting, with a Risk of 2%. I believe their site uses an Agressive mode setting, but I'm not certain.

The auto-lot sizing is a miracle. It does consider the ebbs and flows of the current market, price movement, and whateverelse those geniuses threw into their formula.

I've spent far more, for a lot less on other Robots. I can see why this one is leading the current Forex Championship. I hope it's results, and new-found popularity, don't impact it's future performance! I'd love to find out what settings they're using for the competition because they are clearly surpassing my actual results, and I want to know how they're doing it.

The only thing I don't like about it is that it only trades the EURUSD.

Hope this helps you and your readers. Good Trading! Regards.

If anyone would like to try forex megadroid: Click Here

[bembrey]

Hi Marc -

I've been using Megadroid since June 1, 2009, and the results have exceeded my expectations. Unlike the dozen other robots I've purchased, this one ACTUALLY WORKS!

Since June 1, 2009, it's placed 56 total trades. Results are 52 winners (93%), and 4 losers. Two of the losers were unusually high (I suspect broker manipulation and/or "mid-night madness"), the other two losers were insignificant. Most of the trades were taken during the Asian and European session. I think only 2 trades were initiated during the US session.

My return thru yesterday is 47%, annualized to 71%.

My broker is FXDD here in the US. Their spreads aren't the best, and I would suspect that it has some bearing on my results and total number of trades. I do not get execution of all of the same trades that are posted on the Megadroid site. I'm using their automatic lot sizing setting, with a Risk of 2%. I believe their site uses an Agressive mode setting, but I'm not certain.

The auto-lot sizing is a miracle. It does consider the ebbs and flows of the current market, price movement, and whateverelse those geniuses threw into their formula.

I've spent far more, for a lot less on other Robots. I can see why this one is leading the current Forex Championship. I hope it's results, and new-found popularity, don't impact it's future performance! I'd love to find out what settings they're using for the competition because they are clearly surpassing my actual results, and I want to know how they're doing it.

The only thing I don't like about it is that it only trades the EURUSD.

Hope this helps you and your readers. Good Trading! Regards.

I would be interested if you reviewed the failed trades to see if they happened during the week there was an FOMC announcement. My experience so far is it does not perform well in the week that FOMC announcements happen.

[rcgusa]

I got MegaDroid in March and loaded it on a live Micro Mini at IBFX for testing.

While it has only taken 7 trades, they were all for profit.

For the people that are running it, has anybody played with the settings? I am running default mode right now, but would like to hear some feed back from other people.

[marc walton]

Hi Guys, there is a better thread for the forex megadroid here http://www.forex-fxtrader.com/forum/forex-megadroid/254-forex-megadroid-test-pilots-wanted.html
A few of the guys, led by our test pilot Simon (baboon) shared settings, results etc. One of the things that they all point out is that the broker is crucial to your success. I am currently using a USA ecn called ATC. They are a genuine ECN. Their spreads are small & unlike a broker they are not trading against you (they make their comission from when you trade, win or lose).
The great thing about ATC is that although they are USA based they trade via a London office and therefore non of the stupid cftc rules apply, ie you can hedge, oco orders, no 1st in 1st out rule, nada. They were the 1st ECN to allow you to use metatrader4 if you wish.
Atc have a 4* + rating on peacearmy which is unusal for a "broker" and I have had lengthy chats with their ceo who has bent over backwards to accomodate some of our requests.

Click Here To download a Free Demo Account :

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If you do decide to open a "live" account with them, PLEASE let us know before you do so. We have a lot of my forexmentor members who have done so and we would like to have a big enough group that we may get even more favourable terms in the future.