Megadroid Results: Thur 20th June 2013

MB Trading         : No Trades
GO Markets         :  1 Trades:    3.9 pips
InterbankFx        :  3 Trades:   12.0 pips
InterbankFx AU     :  3 Trades:   11.8 pips
ActivTrades        :  2 Trades:    6.0 pips
Alpari UK (Mini-1) :  3 Trades:   15.1 pips
Alpari UK (Classic):  1 Trades:    5.0 pips
FXDD               :  2 Trades:    7.4 pips
AxiTrader          : No Trades
FxSol              :  3 Trades:   16.0 pips


TRADE DETAILS:      Open                           Close               Profit
-------------------------------------------------------------------------------
GO Markets          S2 Sell: 0:53:37  1.32302  ->  1:06:00  1.32263    3.9 pips

InterbankFx         S2 Sell: 21:53:38 1.32300  ->  22:06:09 1.32251    4.9 pips
                    S2 Sell: 21:53:38 1.32300  ->  23:24:28 1.32337   -3.7 pips
                    S2 Sell: 23:04:26 1.32443  ->  23:24:28 1.32335   10.8 pips

InterbankFx AU      S2 Sell: 21:53:38 1.32300  ->  22:06:09 1.32252    4.8 pips
                    S2 Sell: 21:53:38 1.32300  ->  23:24:29 1.32338   -3.8 pips
                    S2 Sell: 23:04:26 1.32443  ->  23:24:28 1.32335   10.8 pips

ActivTrades         S2 Sell: 23:53:38 1.32290  ->  1:25:14  1.32330   -4.0 pips
                    S2 Sell: 1:04:26  1.32430  ->  1:25:13  1.32330   10.0 pips

Alpari UK (Mini-1)  S2 Sell: 0:53:40  1.32300  ->  1:06:03  1.32250    5.0 pips
                    S2 Sell: 0:53:40  1.32300  ->  2:25:14  1.32318   -1.8 pips
                    S2 Sell: 2:04:28  1.32437  ->  2:25:14  1.32318   11.9 pips

Alpari UK (Classic) S2 Sell: 0:53:40  1.32300  ->  1:06:03  1.32250    5.0 pips

FXDD                S2 Sell: 0:53:45  1.32288  ->  2:25:16  1.32317   -2.9 pips
                    S2 Sell: 2:04:32  1.32429  ->  2:25:14  1.32326   10.3 pips

FxSol               S2 Sell: 17:53:47 1.32290  ->  18:07:01 1.32240    5.0 pips
                    S2 Sell: 17:53:47 1.32290  ->  19:25:43 1.32310   -2.0 pips
                    S2 Sell: 19:05:08 1.32440  ->  19:25:37 1.32310   13.0 pips

Comments

Megadroid Results: Thur 20th June 2013 — 10 Comments

Richard on June 20, 2013 at 8:47 pm said:

It now appears version 1.41 is available on the Megadroid website.

I’ll upgrade my platforms with the new version before next week’s trading.

Reply ↓
Steve on June 21, 2013 at 3:28 am said:

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

Reply ↓
Roger on June 21, 2013 at 8:58 am said:

S2 sell
4.9+1.5 pips

Reply ↓
Han on June 22, 2013 at 12:10 pm said:

hi

can i know interbankFX is IBFX?

thank you

Reply ↓
Richard on June 24, 2013 at 7:31 am said:

Yes, IBFX is InterbankFx.

Reply ↓
bobby on June 24, 2013 at 10:34 pm said:

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

Reply ↓
Richard on June 25, 2013 at 4:44 am said:

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.

Reply ↓
bobby on June 25, 2013 at 10:22 pm said:

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?

Reply ↓
Richard on June 26, 2013 at 1:21 am said:

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.

Reply ↓
bobby on June 26, 2013 at 10:13 pm said:

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.

Reply ↓