MB Trading : 1 Trades: 6.9 pips
GO Markets : 2 Trades: 15.9 pips
InterbankFx : 1 Trades: 7.5 pips
InterbankFx AU : 1 Trades: 7.5 pips
FxPro : 2 Trades: 16.9 pips
Alpari UK (Micro-1): 2 Trades: 13.4 pips
Alpari UK (Classic): 2 Trades: 13.3 pips
FXDD : 2 Trades: 15.0 pips
AxiTrader : 1 Trades: 7.5 pips
FxSol : 1 Trades: 9.0 pips
TRADE DETAILS: Open Close Profit
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MB Trading S1 Sell: 16:54:57 1.41436 -> 17:57:32 1.41367 6.9 pips
GO Markets S1 Sell: 22:54:54 1.41432 -> 23:57:29 1.41358 7.4 pips
S2 Sell: 23:01:43 1.41456 -> 0:01:53 1.41371 8.5 pips
InterbankFx S1 Sell: 20:54:53 1.41442 -> 21:57:29 1.41367 7.5 pips
InterbankFx AU S1 Sell: 20:54:52 1.41442 -> 21:57:29 1.41367 7.5 pips
FxPro S1 Sell: 23:54:55 1.41441 -> 0:57:33 1.41360 8.1 pips
S2 Sell: 0:01:23 1.41454 -> 1:01:36 1.41366 8.8 pips
Alpari UK (Micro-1) S1 Sell: 22:54:54 1.41432 -> 23:57:30 1.41369 6.3 pips
S2 Sell: 23:01:48 1.41445 -> 0:01:55 1.41374 7.1 pips
Alpari UK (Classic) S1 Sell: 22:54:54 1.41431 -> 23:57:30 1.41369 6.2 pips
S2 Sell: 23:01:48 1.41445 -> 0:01:55 1.41374 7.1 pips
FXDD S1 Sell: 23:54:54 1.41440 -> 0:57:29 1.41380 6.0 pips
S2 Sell: 0:00:14 1.41450 -> 1:00:18 1.41360 9.0 pips
AxiTrader S1 Sell: 23:54:51 1.41443 -> 0:57:24 1.41368 7.5 pips
FxSol S2 Sell: 17:00:52 1.41440 -> 18:10:49 1.41350 9.0 pips
activtrades : 10 pips
fxpro 2 trades : 6.8 + 7.9 pips =14.7pips
Alpari : 7.1 + 10 = 17.1 pips
Finfx : 10.2 + 9.3 = 19.5pips
Hi albatore:
Which type of account you are using in Finfx?
FxPro Sell: 23:54 1.41441 -> 0:57 1.41362 7.9 pips
(excl swap of -0.54pips)
fx pro -> 2t 7.8p + 9.4p = 17.2p
alpari uk -> 1t 10p
There was a bit of variation in my trade results today for some reason. Only half of my trading accounts got 2 trades.
Ver.1.35=
_1=System Parameters
Stealth=1
Aggressive=1
GmtOffset=0.00000000
NFA=0
AutoLocalGmtOffset=1
AutoServerGmtOffset=1
S1_Reference=77777773
S2_Reference=33333337
ReceiptCode=________
_2=Comment Position
TopPadding=30
LeftPadding=20
TextColor1=16119285
TextColor2=13882323
_3=Strategy Parameters
RemoteSafetyMode=1
Slippage=3
SendEmails=0
OrderComments=
_4=Order Management
LotSize=0.10000000
_5=Ratio Order Management
RiskLevel=0.10000000
RecoveryMode=1
this is the default setting
MegaDroid decides LotSize
to set fixed LotSize (esempio 0.5), as I do?
thanks
For a fixed lot size of 0.5:
LotSize=0.5
RiskLevel=0
changing RiskLevel
only affects LotSize or even more changes?
Hi Richard,
I trade with IBFX and had only one trade as well. I am Stealth, Aggressive and do not have Remote Safety activated. My log showed the spread was back in range @ 16:57:22 and went out of range again @ 17:02:26. It looks like the 2nd trade at the other brokers went in either on the hour or by 01m 23s after the hour. If the log is correct that would mean MD should have made a 2nd trade. Any ideas as to why it didn’t execute? Also, it looks like FinFx did quite well. Any temptation to trade with them even though they aren’t regulated?
Hi Mark,
Variation in trades?
You’ll always see a variation in Megadroid trades and fills at various Megadroid brokers. I wrote this article (Why do Megadroid trades vary on different brokers) about why this happens. Remember, Megadroid ‘s trade decisions are based on technical indicators, and technical indicator values vary from broker the broker. Yesterday it might have been a case of a borderline trade signal, that only hit a threshold on some brokers and not others.
Trading at an unregulated broker?
No. I only trade at regulated brokers because of funds safety issues.
ThinkForex – standard
Sell 1.41450 -> close 1.41346 = 10.4 pips (swap = -1.5)
Sell 1.41456 -> close 1.41352 = 10.4 pips
my finfx account is the ECN low spread with commission.
I will trade with it for a while and will see after few months the conclusion …I keep u posted
I have just started Megadroid on Alpari UK and so far it is trading 3 Days a week on avarage for last three week . Lost much money before with other robot but so far Megadroid send me all back . Love this Robot .
Thanks albatore,
It will be interesting to see how they compare to the other brokers. I personally never trade at non-regulated brokers, but those results would be useful for those people who do.
Hi ashraf,
Just keep in mind that the Megadroid trade frequency does vary. The average trades per month is about 8, but it can be as low as 2 or 3 (See February 2011 Results). It all depends on whether or not the EUR/USD price action generates trade signals.
Right now we’ve had about 3 profit months in a row, but we’ll inevitably have some loss months at some point, and there’ll be periods with low trade counts as well. The key is to stay consistent. I know a few people who gave up in February because of the low trade counts. But those who persisted through this period have done well.
Hi Richard
Thanks for your reply . As Megadroid only does few trade , what Lot size you normally use . I am using 4% risk of my investment ( Though it is a personal choice ) What do you recommend ? Default is around 15% I think . I am new in forex and in Megadroid as well .
Any advice is appreciated
Ashraf
Hi ashraf,
Whether to trade, and how much to trade really is a personal decision. It’ll depend on your own financial situation and risk tolerance. Remember forex is considered a high risk form of investment and is not for everyone.
If I were starting out, I’d trade very small until I gained some experience and confidence.
Megadroid trading characteristics can give traders a false sense of confidence. This is because the win rate is high (about 90%). However this advantage is offset to a large extent by the high risk:reward ratio i.e. loss trades are in the 50 to 120 pip range compared to winning trades that are in the range of 1 to 15 pips. So the typical trade pattern is numerous small winning trades over a few consecutive months, with a few large loss trades in between. Thus far, despite the large losses, the strategy has been profitable overall. But of course nothing is certain. i.e. profitable strategies can become unprofitable in the future. That’s just the nature of strategy based trading in all realms.