HomeDaily ResultsMegadroid Results: Thur 9th Aug 2012


Megadroid Results: Thur 9th Aug 2012 — 15 Comments

  1. Still no trades for me this week.

    There’s very little volatility in the US markets right now probably because of the summer break. And that’s probably why the EUR/USD isn’t moving much during the Megadroid trading period, causing a lack of trade signals. I suspect things will heat up again in September once the volatility returns to the markets.

  2. A very slow month.

    The currency pairs tend to move more when there’s volatility on the US stock market. For the past month we’ve had very little volume/volatility in that market.

    I’ve attached a chart of the SPY. The SPY basically tracks the S&P 500. You can see that the volume and trading range has dropped off considerably over the past month.

    This is probably why the EUR/USD is barely moving after the close of the US session – that’s when the Megadroid trading session begins.

    Volume usually returns to the markets in September.

    Forex Megadroid and SPY

  3. For the MB Trading results posted, is it based on a MB Free EXN plan or Pay For Limits plan ?
    I have my existing broker and do find that the returns varies widely for their ECN and non-ECN accounts due to spread/commission.

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