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Originally Posted by hotsawce  I noticed Megadroid trades more on a broker with smaller spreads. I have it on JadeFX for demo right now and it trades, pretty much, every day. |
This is definately a concern with any scalping strategy. What is the spread for EURUSD on JadeFX? FXDD has a constant 2 pip spread, which seems fine for this type of scalping, but I often have periods where it doesnt trade. I also have it on a demo account at GalantFX with a 1.7 pip spread and it trades pretty much the same.
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The TP levels are not adjustable. Changing to the conservative setting will only eliminate the second more aggressive trade. The only way to get it to trade more is to install it on multiple charts with different GMT settings. Each instance will trade on its own within its 2 hour trading window.
This can increase the number of trades. The only problem is MegaDroid is designed to operate in a flat market and has no directional bias. Its just as likely to go long or short regardless of the trend. Also running multiple instances of any EA's will increase the risk substantialy.
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This EA is perfect for trading the evening hours (for me) after the NY close, alongside FAP-T. What I want to find is a robot that can swing trade the European session (overnight for me) reliably. Being awake and alert at the start of the European and US sessions is critical for catching those big intraday moves. And I'm teribble at that.