Forex MegaDroid review - 12 brokerages - Page 51 - Pip Cop

**hotsawce** · 2010-05-20, 11:52 AM

For me, that's a lesson learned. Even when things look grim, MD has a handle on it.

**pipdetector** · 2010-05-20, 03:30 PM

Hotsawce,

I would not be hard on myself if I were you. It could have been the other way round... We were just lucky. The current volatility

is so high that any time a huge wave can hit MD against the rocks. Generally, the time when MD is trading is supposed to be the time of lull with 10-15 pips vacillations. Yet, in the last couple of days even night hours where pretty stormy, so MD SL

can be hit anytime...

I have just reduced RL to 0.1 on all my bigger accounts and I will wait until volatility

subsides before I will set it back to target 0.3 level.

Ken Long · 2010-05-20, 03:47 PM

Quote:

Originally Posted by hotsawce

For me, that's a lesson learned. Even when things look grim, MD has a handle on it.

Megadroid has a good program, but it is just a program. Dont count on it for too much. When the volitility is high it simply increases the stop, and your risk. If this trade went all the way to the stop it would have been a huge loss... And the fact that it didnt was mostly luck.

Quote:

Originally Posted by pipdetector

I reviewed this year's MD performance and it does not look too good. 2009, 2008 and others look stellar, but this year not so. I also checked MD Pro USDCHF -- unbelievably good performance up to this year... I wonder if MD (Pro) is curve fitted...

Also at some point

the test with MM does not make sense, because I just cannot imagine the brokers letting us playing with 50 or more lots... You can quite easily scalp with 1 lot, but 50+ lots may not be so easy to handle.

Any trading with those lot sizes, particularly short

term scalping, would be like a giant bulls eye for every market manipulator in the business. Longer term would be more realistic, but you would need a rather large account to do it.

If you look at 08 the first half of the year was a loser. It made all of its money after the summer was over, and it made incredible money. So far this year doesnt seem that bad, but I'll have to do the math to know for sure.

**pipdetector** · 2010-05-24, 08:27 AM

BTW, regarding ATC I had a look at their support site and it seems that at some point

in 2008 they switched to FXCM ECN as their provider... This can explain why there was so close correlation in spread

increases on my FXCM and ATC MT4 (reported by hotsawce)... If I were to change to ATC I would need to be sure that at least the execution time is less lousy than on the FXCM over BT bridge...

**pipdetector** · 2010-05-25, 10:44 AM

I got confirmation

from ATC: they use FXCM as liquidity

provider -- they however use a different technology than BT for MT4 orders execution.

**pipdetector** · 2010-05-25, 05:50 PM

OK. There is another side of the coin of spreads. MD uses spreads as trade filter, so if the spreads are increased due to very high volatility

, it does not trade.

Now, today only ATC demo took a trade and incurred a sizable loss, all other brokers increased spreads so MD did not open trades on them. So is really an advantage to have a low spread

ECN broker

with MD?

**rsmereka** · 2010-05-26, 09:20 AM

Quote:

Originally Posted by pipdetector

OK. There is another side of the coin of spreads. MD uses spreads as trade filter, so if the spreads are increased due to very high volatility

, it does not trade.

Now, today only ATC demo took a trade and incurred a sizable loss, all other brokers increased spreads so MD did not open trades on them. So is really an advantage to have a low spread

ECN broker

with MD?

I guess any EA that first considers the spread

along with the other entry criteria has an advantage. If we were trading manually, the spread

should be considered especially if scalping.

My MD had a trade yesterday but it was very profitable (more than 10 pips).

Rick

**pipdetector** · 2010-05-26, 09:49 AM

Later on I actually had 3 MD trades on different brokers account. 2 with 8 pip profits and one with 48 pip loss (I wonder why the two profitable managed to close the trade with profit and the last one just lingered when there was still profit and then just let it go down). Well, actuall, I changed the SL

to the first reasonable support because I could not stand having a position that has about 110 pip SL

during major downtrend... If I did not do it, I would still have the position open, because the price did not go back to the opening level...

**rsmereka** · 2010-05-26, 10:59 AM

Quote:

Originally Posted by pipdetector

Later on I actually had 3 MD trades on different brokers account. 2 with 8 pip profits and one with 48 pip loss (I wonder why the two profitable managed to close the trade with profit and the last one just lingered when there was still profit and then just let it go down). Well, actuall, I changed the SL

to the first reasonable support because I could not stand having a position that has about 110 pip SL

during major downtrend... If I did not do it, I would still have the position open, because the price did not go back to the opening level...

Another very interesting thing is that my MD Pro account on Collective FX still has a long open from 15 hours ago. The price has come back some. It's only 11 pips currently from the open price. When I saw that last night, I was having problems figuring out why the difference.

My live account opened the buy/long trade at 23:17GMT and closed at 00:22GMT which is a nice typical MD trade. The Collective opened it's buy at 23:15GMT.

Another complication. I just logged onto my VPS and the Collective FX account running MD Pro has been trashed. I guess I am going to have to start all over again.

Rick