Megadroid 1.35 – New Release
Hi everyone,
As many of you are already aware, the Megadroid team have just announced an upgrade to version 1.30. The new version is 1.35 and was released on 31st March 2011.
According to the email I received, here are a list of the changes…
1) The money management system has been improved
2) Requotes by your broker will now have minimal to no effect on trades
3) Improved trading for very low leverage accounts (50:1 or less)
4) The on-chart and journal messages have been expanded and improved
5) Our “one live account per license” policy is now being enforced
In addition, you now have the option to use “remote trading suspension”. When
enabled, this feature allows our server to temporarily prevent your system from
trading if overly adverse market action is anticipated.
I’ve noticed a new option in the settings “RemoteSafetyMode=true”. I assume this allows their server to disable Megadroid based on “adverse trading conditions”. I’ve decided to disable this feature on my accounts at this stage.
I’ve updated Megadroid on all my trading accounts from version 1.30 to 1.35.
I’ve updated the default settings I’ll be using for all my accounts (see HERE). Essentially it’s the same settings as for version 1.30, except with “RemoteSafetyMode=false”
I’m interested in the “2) Requotes by your broker will now have minimal to no effect on trades” feature.
Obviously this will only apply to the non-STP brokers Perhaps Megadroid will retry a trade if it gets a requote message from the broker?
I’m trying to find the download page, but I’m not finding it. Can you tell me where it is? Thank you.
John
Hi John,
I downloaded the new version from here:
http://forex-megadroid.com/collect.html
What pairs does this trade on?
Hi David,
It only trades the EUR/USD pair.
Do you know of any one with experience in using this on Trading Point broker?
They have what seems like pretty good customer service and market execution.
But The ea I wrote won’t place a trade. Won’t even attempt a trade, but trades back test just fine. They say it’s my order send function, but I have changed it to a market execution and still no results. So In my searches I found you. And thinking about using your ea you have with them. And just run mine on my other broker.
Hi David,
The Megadroid EA isn’t my software. I just purchased it from Megadroid. This blog is a record of my Megadroid trade results on my various live accounts. I record these results so I can work out which brokers perform best with the Megadroid EA. I used to record these results in a spreadsheet, but last year I started posting them publicly. That way other traders can compare results, and identify problems and learn from each other. So far I’ve posted all my trades since March 2010.
“Trading Point broker”?
I’ve never heard of them before. There are a huge number of MT4 brokers out there, but it’s important to choose the right one. I’ve wrote this article that illustrates the process I go through when making this decision (How to find a Forex Broker for Megadroid).
ah, ok. Nice
Maybe I’ll have to be the Guinea pig for this broker and check it out on them.
I have a live account already and with FXM as well. I’ve tried several brokers over the years. TP has responsive customer service, and there working with me to figure out why mine’s not trading. It has instant trade option for testing order send function. And FXM offers an ECN account with just 3k deposit. ECN is ideal for scalping ea’s.
heres TP link if any one wants to check them out. http://www.trading-point.com/