Quote:
Originally Posted by hotsawce  No attitude, Ken, but you're saying things that simply aren't true.
First and foremost, your speculation as to how "megadroid" would perform is purely that. You don't know if "everyone will open the same trade at the same time."
Secondly, FXCM has monster spreads. Even during high volume days my spread usually doesn't go above 0.8.
As for your speculation about commission being an issue, let me say this. Often times, my cost per trade is LESS with commission than your typical spread because my spread is always so low.
Finally, you can believe whatever you want about MD not being profitable or just waiting to explode, but nearly everyone here has had amazing accounts. Look at pietpatat and the links he's posted of his own live account and of others. Also, look at how megadroid HAS taken losing trades and fully recovered.
It's like you refuse to look at the statements of a properly configured account. |
Once again, you seem to want to make lots of acusations, but you dont offer any pertinant information.
From the top:
Nothing I said is untrue. Yes, it is based on speculation. We can not truely predict the future, all we can do is to speculate on the current and historical facts. In this sense I feel its best to look at all the information thats available, both sides, not just what we want to see.
You don't know if "everyone will open the same trade at the same time." ...Of course not, but we're not talking about individual traders, we're discussing an automated trading robot. I've mentioned many times that MD does not always open the same trades at the same time, even double instances of it running on the same account. But, sometimes it does. You can prove or disprove this easily enough by comparing results from one account to anouther. And if a lot of individual trades do come in at the same time, especially during the off hours, the spread naturally widens.
FXCM has monster spreads. Even during high volume days my spread usually doesn't go above 0.8. ...Monster spreads is a pretty big statement. What do you base this on? I only have a very recent demo account at FXCM and their spread on the eurusd is wider than I'd like, generally being over 2 pips. Although they claim that the eurusd spread on a live account is often below 1 pip, I havent seen it. The spreads on the rest of their pairs are quite good compared to my FXDD account. Although I have seen very good spreads on some other brokers, such as FxPro or PGFBest, I chose to go with the larger US regulated brokers that dont seem to have any problems with the NFA regulations, but I consider these choices entirely changable.
Often times, my cost per trade is LESS with commission than your typical spread because my spread is always so low. ...What is your cost per trade? What are your commisions? And what is your special secret broker thats so great? If all your going to offer is hype and misleading statements with no real information, what do you expect? If your paying a 0.8 pip spread, thats factored into the trade, and a 1 pip commision, thats taken from the profits after the trade closes, thats really not that good, is it?
you can believe whatever you want about MD not being profitable or just waiting to explode. ...Who ever said MD was not profitable? I've been running MD live since a week after it came out, and have only seen 2 or 3 losses in that time, all under 50 pips. MegaDroid has been extremely profitable, reliable, and consistant. As far as waiting for it to implode, thats total BS. All I've done is caution people to be aware of the possibilities. They are real possibilities, you can see the different stop losses on your own account, you can see the past results on Megadroids own web site. You know it is just as capable of taking a 100+ pips loss as a smaller loss. The fact that we havent caught one in the past 8 months is just luck, the system does, and has, placed 100 pip stops. MegaDroids own reporting shows 100 pip stop outs, and consecutive losses. As well, any backtesting will show you the historical possibilities and the great run we've been on.
Look at pietpatat and the links he's posted of his own live account and of others. Also, look at how megadroid HAS taken losing trades and fully recovered. ...Why do I need to look at his account to see how MD trades? Is it somehow different from anyone elses? I've been running and testing MD since the day it came out. I'm familiar with the way it trades.
It's like you refuse to look at the statements of a properly configured account. ...What is a PROPERLY configured account? And how could someone configure one improperly? This robot is about the easiest thing to set up. There are next to no choices, and it runs extremelly well on its default settings. So what are you talking about..?
If you wish to be taken seriously, please post real information and real facts. Preferably something we can see and prove for ourselves. Everything I have posted is factual, repeatable, and provable. You can look at the posted results on MegaDroids own web site, or run your own tests.
Compare historical results to current results. Are the results we've been seeing for the past 6 months the norm, or are they exceptional? Should we be prepared for larger losses, and perhaps consecutive losses? Or should we ignore the possibilities?