MB Trading : No Trades GO Markets : No Trades InterbankFx : No Trades FxPro : No Trades Alpari UK (Mini-1) : No Trades Alpari UK (Classic): No Trades FXDD : No Trades AxiTrader : No Trades Forex.com : No Trades Alpari UK (Late) : 1 Trades: 0.1 pips TRADE DETAILS: Read More...
Monthly Archives: August 2010
Megadroid Results: Wed 25th Aug 2010
MB Trading : No Trades GO Markets : No Trades InterbankFx : 1 Trades: 0.2 pips FxPro : No Trades Alpari UK (Mini-1) : No Trades Alpari UK (Classic): No Trades FXDD : No Trades AxiTrader : No Trades Forex.com : No Trades Alpari UK (Late) : 1 Trades: 0.1 pips TRADE DETAILS: Read More...
Adding a new Alpari Megadroid Account trading 1 hour latter
The new version of Forex Megadroid (version 1.30), starts trading 1 hour earlier than the previous version (version 1.21). The previous version only opened trades after 5PM EST, whereas this new version opens trades after 4PM EST. I have noticed that these earlier trades have struggled. That hour is just after the close of the US stock market, and can be very volatile.
I’ve decided to add another Alpari account to my Daily Results. It’ll be called “Alpari UK (LATE)”.
Like the other accounts, it’ll use the default settings, but this time with the following differences.
AutoLocalGmtOffset = false
AutoServerGmtOffset = false
GmtOffset = 2
This will mean that this account will only place trades after 5PM EST, like the previous Forex Megadroid version. It’ll be interesting to see how these settings perform compared to the current version 1.30 default settings. I’ll start posting these additional results tomorrow. All the other accounts will continue with the default settings.
Megadroid Results: Tues 24th Aug 2010
MB Trading : 2 Trades: 14.8 pips GO Markets : 2 Trades: 7.2 pips InterbankFx : 1 Trades: -0.2 pips FxPro : 2 Trades: 8.5 pips Alpari UK (Mini-1) : 2 Trades: 8.1 pips Alpari UK (Classic): 2 Trades: 8.6 pips FXDD : 1 Trades: 1.0 pips AxiTrader : 2 Trades: 7.2 pips Forex.com : 2 Trades: 4.0 pips TRADE DETAILS: Read More...
Megadroid Results: Mon 23rd Aug 2010
MB Trading : 2 Trades: -36.7 pips GO Markets : 2 Trades: -43.5 pips InterbankFx : 2 Trades: -45.4 pips FxPro : 2 Trades: -44.5 pips Alpari UK (Mini-1) : 2 Trades: -45.4 pips Alpari UK (Classic): 2 Trades: -44.8 pips FXDD : 2 Trades: -42.0 pips AxiTrader : 2 Trades: -45.1 pips Forex.com : 2 Trades: -43.0 pips TRADE DETAILS: Read More...
Megadroid Results: Tues 17th Aug 2010
MB Trading : 1 Trades: 3.0 pips GO Markets : 1 Trades: 2.6 pips InterbankFx : 1 Trades: 1.8 pips FxPro : 1 Trades: 4.7 pips Alpari UK (Mini-1) : No Trades Alpari UK (Classic): No Trades FXDD : No Trades AxiTrader : 1 Trades: 3.3 pips Forex.com : 1 Trades: 3.0 pips TRADE DETAILS: Read More...
Megadroid Results: Mon 16th Aug 2010
MB Trading : 1 Trades: 1.1 pips GO Markets : 1 Trades: 0.1 pips InterbankFx : 1 Trades: 0.8 pips FxPro : 2 Trades: 4.9 pips Alpari UK (Mini-1) : 1 Trades: 0.9 pips Alpari UK (Classic): 2 Trades: 3.0 pips FXDD : No Trades AxiTrader : 1 Trades: 2.1 pips Forex.com : 1 Trades: 4.0 pips TRADE DETAILS: Read More...
Megadroid Results: Wed 11th Aug 2010
MB Trading : 2 Trades: 6.6 pips GO Markets : 2 Trades: 0.8 pips InterbankFx : 2 Trades: 0.0 pips FxPro : 2 Trades: 0.7 pips Alpari UK (Mini-1) : 2 Trades: 0.4 pips Alpari UK (Classic): 2 Trades: 0.1 pips FXDD : 2 Trades: 1.0 pips AxiTrader : 2 Trades: 0.6 pips Forex.com : 2 Trades: 2.0 pips TRADE DETAILS: Read More...
Megadroid and the FOMC Statement
For those who have been trading Forex Megadroid for a while, you’ll no doubt have memories of some terrible losses in July 2009 following an FOMC announcement. Some of my accounts lost 120-130 pips in one day! It wasn’t much fun. From memory a smaller loss also happened in June 2009 following another FOMC statement.
The FOMC statement is unique because it’s not only a high impact news event, it also occurs closer to the Megadroid trading session than other reports. Most US reports are released at 8:30 AM EST or 10:00 AM EST, but the FOMC statement gets released at 2:15 PM EST. The Megadroid trading session starts at 5PM EST, so less than 3 hours after the FOMC Statement.
Is fear of the FOMC justified?
I‘m not so sure. Even though we’ve had 2 significant losses following that statement, I’m not sure if that’s statistically significant given Megadroid has only been in use for about 16 months.
I’m also not convinced that news-related volatility is necessarily a bad thing for Forex Megadroid. For example in May 2010 there was a lot of volatility on the EUR/USD pair late in the US trading session related to economic instability in several EU nations. That month was one of the best for Megadroid, with 12 to 17 trades, and pip profits in excess of 100 pips, and as high as 163 pips. So in that instance, Megadroid took advantage of the volatility.
What will I do?
I’m personally trading as per normal. I don’t like to intervene with EA trading. If I get a loss, hopefully it’ll recover, and there’s always the chance I’ll get some good trades as well. If you’re nervous you could either disable the Megadroid Robot or reduce the lots traded for the day.
Megadroid Results: Mon 9th Aug 2010
MB Trading : No Trades GO Markets : No Trades InterbankFx : No Trades FxPro : No Trades Alpari UK (Mini-1) : No Trades Alpari UK (Classic): No Trades FXDD : 1 Trades: 7.0 pips AxiTrader : No Trades Forex.com : No Trades TRADE DETAILS: Read More...