Megadroid Results: Mon 26th July 2010
MB Trading : No Trades GO Markets : No Trades InterbankFx : 1 Trades: 12.0 pips FxPro : No Trades Alpari UK (Mini-1) : No Trades Alpari UK (Mini-2) : No Trades FXDD : No Trades AxiTrader : No Trades Forex.com : No Trades TRADE DETAILS: Open Close Profit ----------------------------------------------------------------------------- InterbankFx Sell: 22:56:55 1.29967 -> 23:57:01 1.29847 12.0 pips
I finally loaded megadroid on my live ibfx account midweek last week. I got the 2.3 pip trade that you did (I’m not trading aggressive, so I only had one trade), but I missed Monday’s trade due to a faulty ethernet cable to my laptop!
I installed a new cable last night, so hopefully that will work.
Thanks again for your good work. I’m tempted to ask the Megadroid developers what it would cost to convince them to take the EA off the market. Hopefully the infrequent trades and large stop losses. are enough to keep most people away.
Hi dr zeus.
I could be wrong, but I really don’t think the volume of Megadroid traders will impact the market because the EUR/USD is a high volume pair plus the Megadroid robot has already been in the market since around March 2009.
Having said that, all trading strategies/systems eventually fail at some point due to changing market dynamics. Performance at a particular broker can deteriorate as well. I’ve seen some brokers perform brilliantly for 2-3 months, and then for no reason suddenly become the worst performing. One common way for a broker to block Megadroid trades, is to increase the EUR/USD spread above 2, to say 2.1.
This is why I trade on multiple brokers. If one goes bad, I’ll still get trades through on others.