Forex Megadroid EA Settings and Real Time Live Trade Analysis

[munnyman]

mine sell 1.32571 close 1.32588
John

[pharoh777]

Hi All!!!

John, the difference can come from either slippage or broker differences. Not really much difference between one pip win or loss just as long as full stop didn't get hit! This is certainly a slow week for Megadroid so far. I finally got a trade and I lost 2 pips! So you did better than me. Oh and John, my mother is from Scotland. She grew up in Stevenson!! My Scottish grandparents (gran and papa) were and are very big influences in my life. Here are the results

Megadroid Live Performance Update for 2/01/2012:

Trade taken 2/07/2012 and closed 2/08/2012 but same Asian Session (trade entered before end of day)

Trade 1: -2.0 Pips

Total: -2.0 Pips

Total Gain For Week: -2.0 pips and -0.11%
Total Gain for 2012 in Pips: +54.6
Total Gain for 2012 in %: +1.62%

[pharoh777]

Bit of a scary ride with Megadroid today. Order fired long, price immediately dived almost to stop loss. Came right back within the next 45 minutes. Ended up with a meager win which is better than any sort of loss.

Megadroid Live Performance Update for 2/01/2012:

Trade taken 2/08/2012 and closed 2/09/2012 but same Asian Session (trade entered before end of day)

Trade 1: +0.1 Pips

Total:+0.1 Pips

Total Gain For Week: -1.9 pips and -0.15%
Total Gain for 2012 in Pips: +54.7
Total Gain for 2012 in %: +1.57%

[munnyman]

Ditto here Omar.

[pharoh777]

Hi John,

If you are getting consistent results, that's great!! You can track your progress against mine with more confidence and if anything ends up being different, you will have a great impetus to ask why! I'm truly hope we start racking up some $$$ soon from our EAs because this has been the toughest year I have ever seen for EAs so far.

Kindest Regards as always my friend,
omar

[munnyman]

Yes I'll keep checking. As you said not one for rocketing off but I just hope for some steady gains with this one.
Regards
John

[munnyman]

Been watching eur/usd for short on break of trendline at 1.3182. Megadroid opened a long position at this point I let it run but opened my short at 1.3175 as a hedge as to me it was going down. Megadroid shows "downward impulse detected" it then prodeeded to drop 30 pips I manually closed the long but cant understand why a long position was opened at this point.
Any ideas??
John

[pharoh777]

Hi John!! First of all, Megadroid DOES NOT USE the same things YOU do in your trading to trade. It has it's own system that essentially looks for 10 pips when its indicators line up. It doesn't care about horizontal s/r, trendlines or trends period. It just fires when the market is calm and it's own indicators tell it to fire and order. DO NOT MANUALLY CLOSE MEGADROID TRADES!!!!! It has a hard stop loss that it uses and you should be setting your risk at an amount that you can lose. That means, if it loses, it loses. Moveon.com. Otherwise, you are not letting Megadroid do its thing. One -30 pip order can dramatically change the profitability of the EA. I took ONE FULL STOP last year. Yes, ONE FOR THE WHOLE YEAR. There were a few times it drew down over 50 pips BUT they ALL came back except one. What we do on FGB occasionally is very different than manually closing a Megadroid order. For anyone to be profitable with almost any EA, especially megadroid, you must let it operate without meddling. It took me a while to realize this but my profitability went up when I did. I have the same trade open that you do. The Asian session can be weird and it can drop and then spend the next several hours inching back up. I very much respect that you were trying to control your losses, but losses are a built in factor in the profit for this EA. It happens sometimes, BUT you won't be able to tell when. Trust me on this one. I shall post my results when the trade closes and you can see for yourself. Unless this is a rare occasion and it loses, I can almost guarantee my loss will be -1 pip or so. I hope this helps my good friend.

Kindest Regards,
omar

[pharoh777]

Hi All!! Again, not a pretty journey for Megadroid today, but squeeked by. It normally doesn't take until a couple hours into London session to close trades, but it did today.

Megadroid Live Performance Update for 2/14/2012:

Trade taken 2/13/2012 and closed 2/14/2012 but same Asian Session (trade entered before end of day)

Trade 1: -0.8 Pips

Total: -0.8 Pips

Total Gain For Week: -0.8 pips and -0.06%
Total Gain for 2012 in Pips: +53.9
Total Gain for 2012 in %: +1.52%

[munnyman]

Hi Omar, I should learn to leave things alone, but not really sorry to have closed the trade manually, as you know I am very new to ea's and I could not see the logic behind that trade. Hopefully with a bit more experience I will have more confidence in the robots and let them do their thing, and I will get to figure out some of the logic for trades placed.
Regards
John

Ps. sent you Email earlier