Forex MegaDroid review - 12 brokerages

[Batchboy]

Originally Posted by PipCop

I'm just using the default settings. Can you link to the IBFX account you refer to?

I'm always amazed how differently these things work for different people!

I posted it in other general > Megadroid thread, but I paste here:
http://206.71.180.236/statements/statement.htm Look after date 3/19, the balance at that date was $3.51. I've had only one major loser as you'll see.
jb

[Blackhand]

my FXDD account dont hav entries since last week. And the journal said error 126. MD reply is FXDD not allowed the EA.... Anyone on FXDD live acc got problem?

[LarenR]

Yes, and I see that others are having the same experience. It may be time to switch to Alpari.

[trendcat]

batchboy since when do you look at any system for 2 months and say its a winner
now we know the real truth ,it would have wiped a live account out
if you had started in oct 08.
it has to be consistant over time.
pipcop everyone seems to be getting different profit for this ea
we need to see at least 4 other statements like batchboy and average them out or we will never know how this EA is really performing.
it seems like we go from one flavor EA to the next flavor of the month EA
robominer was the big thing 3 months ago,but you can just about trash that by now
unless they increase the like expectancy of humans to 200 years,because that is about how long it will take to generate any consistant profit.
now its megadroid,do any of these things work and even generate 3% without scary drawdown that could give you a stroke.

cheers

[Bizking]

Originally Posted by trendcat

batchboy since when do you look at any system for 2 months and say its a winner
now we know the real truth ,it would have wiped a live account out
if you had started in oct 08.
it has to be consistant over time.
pipcop everyone seems to be getting different profit for this ea
we need to see at least 4 other statements like batchboy and average them out or we will never know how this EA is really performing.
it seems like we go from one flavor EA to the next flavor of the month EA
robominer was the big thing 3 months ago,but you can just about trash that by now
unless they increase the like expectancy of humans to 200 years,because that is about how long it will take to generate any consistant profit.
now its megadroid,do any of these things work and even generate 3% without scary drawdown that could give you a stroke.

cheers

I would say that MD is very consistent, beside the first loss in six weeks
(last week) it performs exceptionally well.
If you take a look at my stats the return is very very good.
It is on target to make proximately between 20-30% p.m.
And I'll be very happy with that.
http://free-page.net/web/Bizkingmd.htm

[trendcat]

so far so good, for the first month that is good
but it was a trending month on the euro
we will keep watching it
cheers

[rsmereka]

Originally Posted by Bizking

I would say that MD is very consistent, beside the first loss in six weeks
(last week) it performs exceptionally well.
If you take a look at my stats the return is very very good.
It is on target to make proximately between 20-30% p.m.
And I'll be very happy with that.
http://free-page.net/web/Bizkingmd.htm

Thanks Bizking,

Your results are appreciated.

Rick

[pipsbuster]

Just a brief update for those following my MegaDroid whereabouts. This week I am finally launching the robot on a real account on IBFX (will post the live statement link here once this is done). In the meantime, I also decided to give it a try with an ECN broker - brokers of this type charge comission for every trade yet do not manipulate the market data and thereby do not trade against you. My live results are available at http://apatc50.mt4stats.com/ (5% risk, default settings). The broker 's name is ATC.

[vogelezang]

Originally Posted by pipsbuster

Just a brief update for those following my MegaDroid whereabouts. This week I am finally launching the robot on a real account on IBFX (will post the live statement link here once this is done). In the meantime, I also decided to give it a try with an ECN broker - brokers of this type charge comission for every trade yet do not manipulate the market data and thereby do not trade against you. My live results are available at http://apatc50.mt4stats.com/ (5% risk, default settings). The broker 's name is ATC.

Is ATC still asking a $5000,- mimimum for a live account? I have found no ECN broker with a lower minimum then $2000,-. Apart from the ECN's there are also NDD brokers. NDD stands for No Dealing Desk. Like ECN's they do not take position against their clients. I have a small live account running with Investtech FX. It is running for about a month now and so far both GT-shadow and Megadroid run very well on it. I opened it with $250,-. A bad EA whiped it down to $85,- in one night. They sent me a request to beef it up back to above $100,- so I take it $100,- is their minimum. I did not send in any cash but put a gt-shadow on it and now it is back above $100,-.
Another broker I'd like to reccomend is Activtrades. I'm running a gt-shadow live there and per transaction it makes about 3x the profits of IBFX (live account). I've closed the IBFX account.

[ttradr]

Originally Posted by vogelezang

Another broker I'd like to reccomend is Activtrades. I'm running a gt-shadow live there and per transaction it makes about 3x the profits of IBFX (live account). I've closed the IBFX account.

vogelezang,
A 300% difference is certainly a major consideration, do u have any idea as to why the IBFX acccount makes 3x LESS than Activtrades? I'm assuming the setings were the same both accounts using gt-shadow. Have you run Megadroid on either account yet? I have IBFX and plan to be using Megadroid later this week. Any info on how IBFX handles MD would be appreciated.