HomeDaily ResultsMegadroid Results: Thur 20th June 2013


Megadroid Results: Thur 20th June 2013 — 10 Comments

  1. Interestingly on my v1.41 install, using Alpari UK (Classic) here were my trades:

    Sell 00:53 1.25 1.32300 01:06 1.32249
    Sell 00:53 1.25 1.32300 02:21 1.32345
    Sell 02:04 1.87 1.32439 02:21 1.32347

  2. I am planning to use MD 1.41 with fxprimus. If I were to start trading with initial capital of $1k, which broker would you suggest for best results.

    Thanks in advance Richard

  3. Hi Bobby,

    Best to just look through my Monthly Results, to get an idea of which brokers are currently performing better with this strategy. It varies from month to month. Alpari have been good over 2-3 years, but over the past 2-3 months, they haven’t been as good as my other accounts for some reason. I’d probably avoid FxSol, because the trade performance there is usually worse than my other brokers.

    I don’t have any experience with FxPrimus, so I can’t comment.

    I only trade at regulated brokers, preferably from the US, UK, Australia or Europe.

  4. Thanks for your advice Richard

    Also I am planning to apply a risk level of 0.25, which if I am not wrong wound mean that I am risking 25% of my equity of each trade, so 4 loosing trades in a row and I should be out!

    But I heard that Megadroid looks for other ways to exit a trade if it is not going well. So considering this fact, is 0.25 acceptable setting for better gains. Would you let us know your preferred risk setting please?

  5. Hi Bobby,

    “Risk level” of 0.25 doesn’t necessarily mean 25% risk.

    The way to determine the real risk is to see what lot size that “Risk Level” will use (displayed on the chart), and then calculate how much you’d lose if Megadroid had a large, say 100 pip loss.

    So, if that Risk Level meant you were trading say 0.10 lot, then a 100pip loss would be $100 loss or 10% on a $1000 account, or 20% on a $500 account.

    It’s important to remember that while Megadroid’s losses are infrequent, when they do occur they’re quite large, usually 60 to 100+ pips, and they take 1-3 months to recover from. We haven’t had any this year so far, but they will happen at some point.

    So it’s best to be prepared by not trading too big relative to your account size.

  6. Thanks for the reply Richard. You had explained so well in such a simple language. In fact, I should say you are doing a wonderful job out here getting all MD traders under one roof. Without you, we would really have been blind. Thanks once again and you have my support should you need it at anytime.

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