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Originally Posted by Dan  How has the forex photon been doing of late? I am considering getting this ea. Do you think it would be a problem to run it along side MD in the same account? It seems to require a lot of your margin (with the multiple positions). I could be wrong though.
P.S. I appreciate you making all of this available. It is a big help! |
Hi Dan,
You are welcome. There a lot of us interested in this underrated EA.
In it's first five weeks, Forex Photon has done well on the demo account I set up for it. It reached a high (on Aug 6) of 48.97% and since has fallen back some. It's max DD so far has been 8.58% which is outstanding. Being a scalper, it's effectiveness on different brokers is highly variable and I expect the normal scalper drop in performance once I put it on my live account (if it makes it).
I don't see too many issues running Forex Photon along side MegaDroid. That's is what I am planning to do (along with The Channel Scalper). It's trade windows are similar which is not good but as long as you don't get too greedy. It will, of course, mean that the second EA in will get a reduced lot size because of the reduction in equity (margin + any loss + rollover). This is not a combo I would trade at 100:1 leverage. For this combo, the higher the leverage (and lower the margin in use), the better. The demo I am running is at 500:1 which is very good.
At the recommended 10% risk, the lot size is about one mini per 1K in equity.
Rick