Forex MegaDroid review - 12 brokerages - Page 40 - Pip Cop

eafinder · 2010-02-16, 05:39 AM

Hi guys,

I am reading this thread with interest. I have been trading manually for 2 years now and I am profitable. But I'd like to expand my experience and look into EA. I understand there has been so many scams and so many conflicting comment that it's really hard to judge which one is true, which one is not, or whether all EA is a scam. Something I'd like to personally find out. But from reading this thread, it seems that many people quite like Megadroid robot.

I am doing further research on this robot and stumble upon this yahoo site that basically claims this robot is a scam and a fake out of Forex Android, and that any clickbank affiliate EA seller is a fake:
http://answers.yahoo.com/question/in...1100632AArXAva

Anyway, I am just doing my homework and being cautious before investing in this robot. I still would like to give the benefit of the doubt to Megadroid after reading many different posters here, and I want to test it myself. My question to you guys who already have this EA is: What is the official Megadroid website? So that I don't get cheated by fake websites who claim to sell Megadroid. When I google, I find forex-megadroid.com as the top of the list, but there's also www.forexmegadroid.com, and others.

Many thanks guys.

**pipdetector** · 2010-02-16, 07:33 AM

Maybe, it's the first time I hear about it. But it seems that Android is a bit different beast.

Of course, most of the click bank sold products are scam or close to it, but what IMO defends MD is that it works quite well... ;-) If the MD guys copied Android, it would be unacceptable, but I am not sure if the similarity in the name is not just a coincidence.

BTW the site:

www.scamforexmegadroid.com

seems a marketing ploy of some affiliate

eafinder · 2010-02-16, 09:49 AM

Quote:

Originally Posted by pipdetector

Maybe, it's the first time I hear about it. But it seems that Android is a bit different beast.

Of course, most of the click bank sold products are scam or close to it, but what IMO defends MD is that it works quite well... ;-) If the MD guys copied Android, it would be unacceptable, but I am not sure if the similarity in the name is not just a coincidence.

BTW the site:

www.scamforexmegadroid.com

seems a marketing ploy of some affiliate

Hi pipdetector,

Do you have this robot and if so, where did you buy it from? (which website)
Thanks.

**pipdetector** · 2010-02-16, 10:03 AM

Quote:

Originally Posted by eafinder

Hi pipdetector,

Do you have this robot and if so, where did you buy it from? (which website)
Thanks.

I am afraid I do not longer remember which of the affiliates made me buy MD. Most probably FAPT Team

.

I guess you can use the link provided by PipCop with the first message in this thread.

eafinder · 2010-02-17, 05:27 AM

Has anyone tried to use fixed lot size? Per the instruction, risk level = 0, and lot size = your preferred lot size.

I wonder if you set it like that, then what kind of stop loss will the robot have? I hope it's not going to be without stop loss?

eafinder · 2010-02-17, 06:32 AM

Has anyone tried a fixed lot size? According to the manual, you could do fixed lot size by setting risk level 0 and lot size according to your preference.

I am wondering if the robot has any stop loss when trading fixed lot size. Since risk level is set to 0, I am not sure how it handles this.

Any comment from experienced users is appreciated.

**pipdetector** · 2010-02-17, 07:53 AM

I did not try with fixed lot size, but I think that the EA will calculate the SL

basing on the position size traded. It seems that risk level is simply used for setting the position size. You do not have control on the SLs only on how big your position is.

Check it out on a demo account :-)

eafinder · 2010-02-17, 09:36 AM

Quote:

Originally Posted by pipdetector

I did not try with fixed lot size, but I think that the EA will calculate the SL

basing on the position size traded. It seems that risk level is simply used for setting the position size. You do not have control on the SLs only on how big your position is.

Check it out on a demo account :-)

Awww.. ok, it will take some time to test, LOL. I haven't even tested the normal setting like you guys mentioned as MD seems to be very picky in getting trades

By the way, I read in your journal that you are also trading with GT-Shadow. How long have you been live with it and how's the performance?

eafinder · 2010-02-17, 09:38 AM

Quote:

Originally Posted by pipdetector

I did not try with fixed lot size, but I think that the EA will calculate the SL

basing on the position size traded. It seems that risk level is simply used for setting the position size. You do not have control on the SLs only on how big your position is.

Check it out on a demo account :-)

Aww, ok. It will take some time to test then, LOL. I haven't even tested the normal setting like you guys mentioned. MD seems to be really picky in finding a trade.
But that's ok, I'm very patient

By the way, I read your journal that you are also trading live with GT-Shadow. How long have you been live with it and how's the performance?

eafinder · 2010-02-17, 09:39 AM

Aww, ok. It will take some time to test then, LOL. I haven't even tested the normal setting like you guys mentioned. MD seems to be really picky in finding a trade.
But that's ok, I'm very patient

By the way, I read your journal that you are also trading live with GT-Shadow. How long have you been live with it and how's the performance?