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Originally Posted by Ken Long  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? |
Ken, I understand your status, but rather than writing off the importance of straight through brokers and their spreads, have you ever actually taken the time to compare? There are pages here of us discussing different brokers, comparing statements and trades, and ultimately coming to the conclusion that even small differences in spread affect how the robot works.
The evidence conclusively shows Megadroid will behave better (execute more trades) with a straight through broker with a low spread. Please, go back a few pages and look at some of the statements. Nearly everyone who has used an ECN broker has been making a killing. Why do you think Megadroid consistently makes a killing on
www.forex-robots.com? It's on Alpari UK, which doesnt have a dealing desk and is STP.
Honestly, though, I really don't care if you refuse to believe this little differences are significant.
My setup slays, and I've got Blackdog to toy with when I want a little more.