Forex MegaDroid review - 12 brokerages - Page 10 - Pip Cop

PipBear · 2009-06-21, 08:30 PM

Quote:

Originally Posted by rsmereka

Hi PipBear,

I can tell you what happened but not why.

As you may know, MegaDroid hides the SL

and TP

points from the broker

. It does this by not registering the trade SL

and TP

points (your 6K winner has nothing for SL

and TP

). MegaDroid keeps track of the SL

and TP

internally. But this also means that if something happens to MT4, the SL

and/or the TP

may not be acted on.

What happened is that your running MT4 sort of crashed. I say sort-of because part of it was functioning and part of it was not. I have seen this many times before with MT4. Most likely was that the 'ticks' were not registering with the chart and the EA. That way MegaDroid was not able to keep track of the price. The tell-tale sign of this is that when you look at the chart, it is not updating.

Consider yourself very lucky, it could have went the other way.

Rick

Hi Rick,
Thank you for the explanation. I figured that it had to be something like that and, yes, I do see from time that the chart does not constantly update.
So the answer is to not leave your computer!
I assume that most EAs that hide the TP

/SL values look for a specific value of SL

or TP

, and if the tick

data is missed and thus lost, they assume that it hadn't got there yet. I am not a code writer, but could the code not be written so that, if the tick

data returns a value greater than the internally set TP

, it takes the trade and, conversely, if the tick

data received returns a value that is less tan the SL

, the trade is terminated.
My 2 bobs worth
Regards
PipBear

Gloworm · 2009-06-22, 07:01 AM

Do you think this problem is due to MT4, internet connection or broker

feed ? Would using a VPS solve it ?

**rsmereka** · 2009-06-22, 03:20 PM

Quote:

Originally Posted by PipBear

Hi Rick,
Thank you for the explanation. I figured that it had to be something like that and, yes, I do see from time that the chart does not constantly update.
So the answer is to not leave your computer!
I assume that most EAs that hide the TP

/SL values look for a specific value of SL

or TP

, and if the tick

data is missed and thus lost, they assume that it hadn't got there yet. I am not a code writer, but could the code not be written so that, if the tick

data returns a value greater than the internally set TP

, it takes the trade and, conversely, if the tick

data received returns a value that is less tan the SL

, the trade is terminated.
My 2 bobs worth
Regards
PipBear

You are correct. I think that the EA has lost track and believes that the exit point

has not been reached. There is one complicating factor. If the EA is looking at the previous price bars, there will always be a problem on exit because the previous price bars are obsolete and there are a ton price bars missing. It all depends on what the EA is using to trigger an exit.

Rick

**rsmereka** · 2009-06-22, 03:27 PM

Quote:

Originally Posted by Gloworm

Do you think this problem is due to MT4, internet connection or broker

feed ? Would using a VPS solve it ?

Could be any of what you mentioned. Keen observation is required to find out which component is malfunctioning. If it's the connection, the connection bars in MT4 should show no connection. The only way of finding out whether it is the broker

is to have multiple accounts of the same type (live or demo) connecting to the same server. I see this sometimes with Alpari UK when their demo accounts go haywire but the live accounts are fine or (heaven forbit

) visa versa. In that case, having a VPS won't help because the entire broker

communication structure to one or more servers has broken down.

A VPS definately helps minimize these problems provided you go with a supplier that is very stable.

Rick

**Batchboy** · 2009-06-23, 04:30 PM

I find the banner Ad atop pipcop.com interesting re: "quadruple", in fact it is true advertising (shockingly? amazingly?

), as my micro sized IBFX account has gone from $3.51 to just a tad over $13 in three months, it was started on this account 3/19/09, so scroll down to start from there, ignore lower right balance as that was losses from a Martingale many moons ago, look at lower left balance in comparison with $3.51 balance on 3/19/09. I found from back-tests using worst case conditions that risk=.5 is ok, it is powerful enough to dig itself out of holes it can find itself in:
http://206.71.180.236/statements/statement.htm
jb

**rsmereka** · 2009-06-24, 02:47 PM

Quote:

Originally Posted by Batchboy

I find the banner Ad atop pipcop.com interesting re: "quadruple", in fact it is true advertising (shockingly? amazingly?

), as my micro sized IBFX account has gone from $3.51 to just a tad over $13 in three months, it was started on this account 3/19/09, so scroll down to start from there, ignore lower right balance as that was losses from a Martingale many moons ago, look at lower left balance in comparison with $3.51 balance on 3/19/09. I found from back-tests using worst case conditions that risk=.5 is ok, it is powerful enough to dig itself out of holes it can find itself in:
http://206.71.180.236/statements/statement.htm
jb

I find MegaDroid's claims to be not even close. I guess it all depends on how far you want to push it. BTW, you never mentioned what risk setting you are using on your IBFX account to achieve the results. I have been using .03 and now .05 on a live account and the profits are totally under-whelming. No where near what the marketing claims. My live statement is proof. Any EURUSD trade at 0.10-0.14 lots now 0.24 lots is MegaDroid.

Rick

**Batchboy** · 2009-06-24, 02:58 PM

Quote:

Originally Posted by rsmereka

I find MegaDroid's claims to be not even close. I guess it all depends on how far you want to push it. BTW, you never mentioned what risk setting you are using on your IBFX account to achieve the results. I have been using .03 and now .05 on a live account and the profits are totally under-whelming. No where near what the marketing claims. My live statement is proof. Any EURUSD trade at 0.10-0.14 lots now 0.24 lots is MegaDroid.

Rick

See last sentence of my last post Rick, it's 10X yours.
I believe from my back-tests that this kind of higher risk setting is ok as the power to dig itself out is greater than the fall into a hole. Look at your own past performances and ask yourself "would I want to raise risk 10X from the current lot sizes?" and you'll see (hopefully) that "yea, it could do ok on big risk".
jb

**rsmereka** · 2009-06-24, 04:34 PM

Quote:

Originally Posted by Batchboy

See last sentence of my last post Rick, it's 10X yours.
I believe from my back-tests that this kind of higher risk setting is ok as the power to dig itself out is greater than the fall into a hole. Look at your own past performances and ask yourself "would I want to raise risk 10X from the current lot sizes?" and you'll see (hopefully) that "yea, it could do ok on big risk".
jb

I did not realize that the 50% percent that you mentioned in your post you were using.

I just finished doing a complete analysis of MD's performance since I have owned it and I was going to move it to 40% but chickened out. I am very concerned about 'the big one'. The mother of all losing trades. At 50%, I could loose half of my account

Rick

**Batchboy** · 2009-06-24, 05:25 PM

Quote:

Originally Posted by rsmereka

I did not realize that the 50% percent that you mentioned in your post you were using.

I just finished doing a complete analysis of MD's performance since I have owned it and I was going to move it to 40% but chickened out. I am very concerned about 'the big one'. The mother of all losing trades. At 50%, I could loose half of my account

Rick

I think the SLs are around 30 pips? With 50% you get lot sizes that are 10X so an SL

hit will mean about 1/6th loss of an account, but I looked at a past incident that had 3 close SL

hits a row, actually it was 2 in a row and then another shortly later, and Lo 'n behold (!!), the power to dig itself out is equal to the weakness to which it fell, it recovered and went on to stellar heights, so that's what made me confident of this setting. Again, just like in Wizard of Oz, you tap your red shoes together and chant "the power to dig itself out is equal to the weakness to which it fell" (tee-hee). It's a leverage

thing too because as you have those losers naturally with money-management by the X% the next trades will be that much lower, so you don't have same size losers, again that phrase applies to both going down as well as up.

jb