MB Trading : No Trades
InterbankFx : No Trades
InterbankFx AU : 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) : 2 Trades: 10.3 pips
TRADE DETAILS: Open Close Profit
-------------------------------------------------------------------------------
Alpari UK (Late) S2 Sell: 0:30:18 1.42201 -> 1:30:38 1.42195 0.6 pips
S1 Sell: 0:32:16 1.42245 -> 1:12:15 1.42148 9.7 pips
Settings - All accounts using Megadroid 1.30
- Alpari (LATE) : autoGmt = false: gmtOffset = 2
- Other accounts: autoGmt = true
IamFX: no trades
It’s interesting to compare the Default Alpari account performance to the Alpari account with the Late settings that trades 1 hour latter.
November: (so far)
Default: +16.6 pips V Late: +53.7 pips
September to November
Default: +107.1 pips V Late: +23.9 pips
So despite the good week for the Late settings account, over the past few months the default settings have done better.
Hi Richard i’m not surprised that MD can operate really well in other timeframes and make 3-4 times the default gmt offset, but i think for a small period of time.Personally i’ve tested MD in various timeframes and decided to trade a +6 offset of the default interbank fx 0 gmt offset.The results were really good it traded every day, made 1-2 trades with no loss.I’ve made allmost 200 pips in 2 months.Now it has lost its boost and it doesn’t operate so well so i trade like your late account.I encourage people using MD to demo test it in various time frames and share their results.Many timeframes operate just like your late account for small periods and make really good money!The question is when to tell if using othet timeframe than the default will make you money or lose.From your results it seems that MD people correctly did this time shift and have it trade one hour earlier.The market is changing all the time so i won’t be suprised if in later ver. make another small time correction or give as 2 separate timeframes to trade.
Hi Nick,
Thank you for sharing those observations. I’ve also noticed an inconsistency of results with non-standard GMT settings.
Based on the last 3 months of live trade data, I actually think the default trading times (i.e default for version 1.30) are performing better than trading 1 hour latter like version 1.21 did. Last week was exceptional for the late settings, but over the past few months the default settings have resulted in more trades and profits overall. This might change though.
The megadroid strategy relies primarily on low volume ranging market conditions, and it seems these conditions are most prevalent just after the US session close i..e in the quiet period between the US and Asian trading sessions. If it trades latter, it might catch a few more trades, but the probability of a large breakout hitting a stop is higher.
Impact of changing market conditions?
I’ve seen numerous profitable strategies fail over time when the price action on a particular pair changed. Thus far Megadroid has been quite resilient over about 18 months now. I think there’s 2 reasons for this:
1. It trades a major currency pair i.e. EUR/USD.
The spreads on this pair are more stable and lower than non major’s like EUR/CHF for example. That means fills will be better in general and more consistent.
2. Low volume market conditions
The biggest market players, aren’t very active in this low volume period (i.e between US and Asian sessions), and this has meant the price action hasn’t changed a whole lot on EUR/USD during this in-between session. By contrast we’ve seen significant price action changes during the higher volume US and European sessions