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Old 2010-03-16, 12:03 PM   #425 (permalink)
Ken Long
Pip Sergeant
 
Trader for 2 - 4 years
Location: Cambridge, MA
Posts: 331


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Quote:
Originally Posted by gross77777 View Post
Hotsawce,

Would you mind sharing what your set up for trading Megadroid is and also which broker do you use ?

Thanks

There are no really special settings for MegaDroid, its a very simple robot and runs well on its default settings. All you have to do is choose a position size/risk setting. The only other adjustable settings are: Aggressive Mode, which allows it to open a second more aggressive trade with a 15 pip profit target, it can do this simultaneously which will double your position size and risk, and Recovery Mode, which allows it to double the position size if it takes a loss. Recovery Mode is a very questionable Martingale strategy, and only works because this EA has an extremelly high win rate and rarely takes a consecutive loss. However, if, or when, it does, it could pose a major problem. Aggressive Mode on the other hand is great. Sometimes it takes it, and sometimes it doesnt, depending on the overall range during its trading hours.
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