HomeDaily ResultsMegadroid Results: Mon 9th May 2011


Megadroid Results: Mon 9th May 2011 — 15 Comments

  1. It’s a pity the Alpari UK Micro account did not trade. I’m starting very soon with a live account with MD on it and are watching it very closely… any comments on this

  2. 13 Pips on my Alpari Classic and Micro-1
    Entry is the same as yours. Only the exit hat two pips less (1.43536)

  3. Hi Marius,

    I’m not sure why I didn’t get a trade on the Alpari Micro account. I wouldn’t be too concerned about it though, because other people got a Megadroid trade on the Alpari micro account today. I may have just been unlucky.

    The performance on the Alapri micro and classic accounts is generally very similar.

  4. I see Alpari spread is 2.1 pips for middle east area, for UK 1.8 pips, is spread will impact to trading frequency in each month?

  5. Hi yegafx,

    That’s interesting. I assumed the spreads were the same. Perhaps they increased it because they’re not including swap?

    In my experience the displayed spread on the MT4 terminal is actually a poor predictor of performance with Megadroid. For example, MB trading often has spreads of less than 1 pip, and yet other accounts with spreads around 2-3 pips perform better on Megadroid.

    This is because the most important factor is the quality of the fills i.e. how much the broker slips the order on entry and exit. And the only way to find this out is by monitoring and comparing trade performance over an extended period of time. This is why I record my trades in this blog.

    So, getting back to your question, I don’t think a 0.3 pip difference on the spread is the issue. What you need to do is make sure the number of trades, and the profits per trade, are similar to what other people are getting on their Alpari UK accounts. The only way to answer this question just monitor your trades closely for a month or so and compare your results.

  6. I would like to add that I track actual Profit. I use MB Trading and I find that I am also getting commission credits not just a tighter spread. Again, I think you have to look at the total profit on the trade to truly compare apples to apples.

  7. Hi Richard D,

    MB Trading Performance on Megadroid…

    Are your MB Trading megadroid trades similar to mine?

    I’ve been trading Megadroid on MB trading since they went MT4 Beta back around mid 2009, and I’ve been collecting live trade data since then. For the first 6 months they were clearly my best Megadroid broker, but since about January 2010 they’ve been about middle of the pack, for me at least. Perhaps some other people have had different trade results.

    I personally judge broker performance based on the number of megadroid trades and profits/trade that I get each month at a particular broker. MB trading actually do have the tightest displayed spread, but that hasn’t translated into more profits for me for whatever reason.


    MB trading is the only commission based MT4 broker I use with Megadroid at present. They charge $29.95 per 1 mill each side. So on a EUR/USD Megadroid trade that’s about 0.3 pips each way or 0.6 pip round trip. I actually haven’t included that commission in my results, so the actual profit after commission is 0.6 pip less per Megadroid trade.

    Commission Credits….

    I’m not sure exactly what you mean there. MB Trading offer something that involves credit payment for limit orders, but Megadroid only places market orders.

  8. Hi Richard,
    what would be the best criteria to use when deciding the recent performance of a broker tading Meg? eg would pips/last 3 months be acceptable, or pips per last month?

    Any thoughts?


  9. Hi Aspro,

    I basically use 3 criteria:

    1. Monthly trade counts: Higher the better. A low trade count may mean excessive requotes or other types of order rejection.

    2. Monthly pip count: A low monthly pip count, with a normal trade count may mean excessive slippage at that broker.

    3. Any spurious large losses? Occasionally, some brokers get a large loss that none of the other accounts get. This can happen if an entry is slipped or if the broker widens the spread excessively triggering a stop. In my view this is a red flag, especially if it’s happened a few times. Go Markets, for example, had a 88 pip loss in March that none of my other accounts got.

  10. Hello Richard
    I have asked megadroid support about demo monitors on their website.They have requested it’s ATC Brokers.Can you say something about MD trading on this Broker or maybe you heard anything about results on ATC Broker?


  11. Hi Andrew,

    I’ve never had a live account with ATC. Apparently they use FXCM for their price feed and trade execution but they have their own customized MT4 platform.

    I wrote about ATC back in August 2010 (see discussion about Megadroid and ATC)

    I’ve personally had very poor results trading Megadroid at FXCM, and that’s why I’ve never opened an account at ATC.

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