Forex MegaDroid review - 12 brokerages

[jerrycollie]

Hi Loren,
Yes, that is the question on everyone's mind. For the last 2 months I score Megadroid at 109 pips win and 4 pips lost. This does not prove Megadroid is a winner. I have seen as good or better runs by Fapturbo (like 20 wins in a row); only to have Fapturbo blow it all with 2 or 3 major losses in the 150 pip class. Judging from Fapturbo, I suspect a loss of about 150 - 170 pips is possible with Megadroid; but I have no proof. If Megadroid were to loose 150 pips this week, it would put it in the red. On the other hand, if Megadroid moves its score card up over 200 with only minor losses; then I will have to increase my lot_size!

[Blackhand]

Originally Posted by Ken Long

Are you sure MegaDroid can only be used in one live account? I havent read this anywhere else. It has been doing very well on a small live account with FXDD, and I was considering opening anouther. .....
Really a disapointment, but an expected one, thanks for ClickBank.

It stated only can be use in one live account, in the manual.
However, i try it in my IBFX live and FXDD live same time, still work...perhaps is ok for same account name. Hopefully no big problem in future
Never try a refund from clickbank, how long will it takes after submit refund request? I m using credit card for payment.
I am from Malaysia.

[Ken Long]

Originally Posted by LarenR

Hello folks,

Ken, I have been using Megadroid on a live acct for a month now and am very happy with it's performance. I started with the risk level at .2, then went to .3 and now recently changed it to .5. Since it hasn't lost one single trade, it's hard to know what the risk level really is, how much I could stand to loose if I lost. What risk level are you using?
L

Laren,

I run .2, 20% risk on a small live FXDD account, and .3 on my demos. Higher than this could be really dangerous, MD often opens two trades simultaneously, and each trade is capable of losing the full percentage of the accounts free margin .

As I understand it MD calculates it risk setting from the stop loss amount, so it is a real risk setting, unlike most EA's where it is only a percentage of the free equity available and it is up to you to determine what the real risk is.

If your account is larger or your not prepared to lose the entire account I would suggest a much smaller risk setting, around 5% would be apropriate. Unfortunately a small risk setting leaves a lot of idle capital, I personaly think it works better to split it into more than one account. This way you know for sure you cant lose more than the amount you've alocated for this purpose.

Please dont assume this is a no loss robot. Backtesting shows several strings of consecutive losses that could wipe out an account.

[Ken Long]

Originally Posted by Blackhand

It stated only can be use in one live account, in the manual.
However, i try it in my IBFX live and FXDD live same time, still work...perhaps is ok for same account name. Hopefully no big problem in future
Never try a refund from clickbank, how long will it takes after submit refund request? I m using credit card for payment.
I am from Malaysia.

You may be confusing this with FAP-T, which can only be run on one live account and needs new identification keys for every account its used on. MD's id key works on every account I have, live and demo, I suspect this is because they're all on the same computer. Once I get a new computer I will find out. Then this old one can become a 24/5 robot server.

The quote about ClickBank is taken out of context. I would never consider refunding this robot, it has already paid for itself. I will refund the Magic Machine rip off. All you have to do is contact ClickBank with the original reciept number, I save the confirmation e-mail and just forward it back to them. They usually have a refund posted in two days.

[pipsbuster]

It has now been three weeks since I started testing Forex MegaDroid. The trading was not very active yet profitable as usual. Here are the results:

IBFX - up to $3392.46; 13 trades, 12 wins: http://jacobbeasley.mt4stats.com

Alpari UK - up to $3272.19; 11 trades, 11 wins: http://jacobalpari.mt4stats.com

FXDD - up to $3308.50; 12 trades, 12 wins: http://jacobfxdd.mt4stats.com

[Blackhand]

Today live account having weird result, one sell order at FXDD while IBFX having 2 buy orders...
IBFX= 22:06 Buy 1.3586 22:11 TP1.3594
22:55 Buy 1.3583 22.59 TP1.3592
FXDD=00:00 Sell 1.3651 1:07 TP1.3641

But good thing is, all TP . Thanks god and MD

OhYea, someone says MD can be run in UJ and UC as well. and making handsome profit too. I might try this out in real account with 2-3% risk, see how it works.

[pipsbuster]

Two more profitable trades for me today on my IBFX account (http://jacobbeasley.mt4stats.com) and one more on FXDD (http://jacobfxdd.mt4stats.com).

As for my Alpari account, there was a small glitch with the MT4Stats site - the robot took profitable trades on it both today and yesterday, but they were not displayed on the streaming statement. Now everything is fixed: http://jacobalpari.mt4stats.com

[Ken Long]

Originally Posted by Blackhand

OhYea, someone says MD can be run in UJ and UC as well. and making handsome profit too.

What is UJ and UC? I've never heard of these.

Interesting results last night as well. 2 trades on my Alpari demo, 1 on my FXDD demo, and none on my live FXDD account.

[ferran586]

Originally Posted by Ken Long

What is UJ and UC? I've never heard of these.

I assumed USD/CAD and USD/JPY.

[Ken Long]

Originally Posted by ferran586

I assumed USD/CAD and USD/JPY.

Makes sense. I wasnt thinking right. However, when I try it, it gives me a popup warning and wont set up.