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Originally Posted by hotsawce  I kind of disagree with you, Ken.
I think many of the problems with megadroid can be attributed to large spreads or bad brokers. Many people using a specific type of broker have been having amazing results... |
What is it your disagreeing with? And what problems are you talking about?
MegadDroid, like any scalper is sensitive to wide spreads, but that isnt much of a problem on the EURUSD, and as far as bad brokers, c'mon, its the EURUSD, not some illiquid penny stock, whats a broker really going to do to affect MegaDroid very much? I would be more concerned about the FOMC meeting on interest rates tommorrow at 4:15 ET. As far as your specific type of special broker?? ECN's and other straight through brokers claim to be better, but their spreads vary a lot during MD's trading hours, however, any broker with a spread less than 2 pips would be a benefit, the lower the better, unless it requires an added commision. You have to figure those commisions are added on seperately, win or lose, all those little 1 pip breakeven trades suddenly become losses. The advantage is the EA can pick up a few more trades, simply because the trading costs are being tacked on afterward and not factored into the trade. The actual spread has a lot to do with the EA's ability to open trades when the range is tight, but how many pips does the EA have to give up to cover those commisions?