Quote:
Originally Posted by PipBear  Hi fellow traders,
I have been running MegaDroid for quite some time now on demo, and recently I have started a live account also. Both accounts are doing OK, positive trading results.
I had an interesting experience, however, a few days ago, so I thought I would share this with all the members.
I was away from my computer for a couple of days, so I did not know what was happening, but when I got back to my computer and looked at the chart, I thought I was seeing things. (see chart attached).
On 15 June, 23:23 hours, the Droid took on 2 trades, only seconds apart.
The first closed after 25 minutes with a TP of $711.
The second trade (blue box), however, was kept open for almost 48 hours, so I closed it manually on 17 June at 22:09 hours (blue box). The TP was a very healthy $6,962.80. (+169 pips)
What I am concerned about is the following.
Firstly, how come the Droid went up +207 pips, when the manual states that the TP=15, although this supposedly varies? - HOW MUCH?
Secondly, if the trend went the other way and the Droid did not close the trade at max. SL=150, then the account would have been decimated? Any comments would be appreciated. Thanks PipBear |
Hi PipBear,
I can tell you what happened but not why.
As you may know, MegaDroid hides the SL and TP points from the broker. It does this by not registering the trade SL and TP points (your 6K winner has nothing for SL and TP). MegaDroid keeps track of the SL and TP internally. But this also means that if something happens to MT4, the SL and/or the TP may not be acted on.
What happened is that your running MT4 sort of crashed. I say sort-of because part of it was functioning and part of it was not. I have seen this many times before with MT4. Most likely was that the 'ticks' were not registering with the chart and the EA. That way MegaDroid was not able to keep track of the price. The tell-tale sign of this is that when you look at the chart, it is not updating.
Consider yourself very lucky, it could have went the other way.
Rick