HomeDaily ResultsMegadroid Results: Wed 15th June 2011


Megadroid Results: Wed 15th June 2011 — 8 Comments

  1. Fx Primus (Live)

    S1 Buy: 0:31:00 1.4163 -> 1:07:00 1.4172 = 9 pips
    S2 Buy: 0:44:00 1.4160 -> 1:35:00 1.4175 = 15 pips

  2. Richard,

    At a glance, it looks like FxPro is a better performing broker for Megadroid. Do you agree? It will be nice to see a summary of all pips made with each broker. Do you think it makes a difference if the broker is an STP or ECN?

  3. Hi Ling,

    In general the Instant Execution MT4 brokers perform better than the Market Execution brokers for Megadroid. I think this is because the Market Execution brokers (also advertised as “STP” or “ECN”) don’t have any slippage control, unlike the Instant Execution brokers. (see MT4 Brokers – Instant Execution Vs Market Execution)

    Over the years several brokers have gradually changed from Instant Execution to Market Execution (e.g. InterbankFx, Go Markets), and each time they did the Megadroid trade performance deteriorated significantly. I’ve never seen a case of a broker going from Market Execution to Instant Execution. I suspect the Market Execution model is more profitable for the brokers because the real spread (i.e. displayed spread plus slippage) is greater.

    A good example is Go Markets. Back in 2009 they were an Instant Execution MT4 broker. Their spread was about 2 to 2.5 pips on EUR/USD. They were one of the best performing Megadroid brokers back then. Once they changed to Market Execution the performance deteriorated. Looking at my Go Markets terminal right now, the spread on EUR/USD is displayed as 1.2 pips. You’d think that’s a great spread, however when I open and close Megadroid trades I’m often slipped 2-4 pips on each side, so the effective spread is really 4-6 pips. It’s a little trick many of the MT4 Market Execution brokers are involved in i.e. they’ll advertise great spreads, but they know the real spread you’ll get on your order execution is much greater than what’s displayed on the MT4 terminal.

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