Megadroid
Jan 10, 2010 at 22:26
Post here all the statements of people using Megadroid, and ofcourse discuss.
https://www.myfxbook.com/members/myfxbooktwo/atc-md/1773/4ceT8u4XMRVhAgr7ddlu ( 15% risk, ATC broker )
https://www.myfxbook.com/members/edzfx/edzfxalpari/1041 ( ??? )
https://www.myfxbook.com/members/WendyL/wendyl/4545 ( 30% risk, Alpari Broker )
https://www.myfxbook.com/members/Pietpatat/atc/8695 ( my statement, 15% risk, ATC broker )
https://www.myfxbook.com/members/myfxbooktwo/atc-md/1773/4ceT8u4XMRVhAgr7ddlu ( 15% risk, ATC broker )
https://www.myfxbook.com/members/edzfx/edzfxalpari/1041 ( ??? )
https://www.myfxbook.com/members/WendyL/wendyl/4545 ( 30% risk, Alpari Broker )
https://www.myfxbook.com/members/Pietpatat/atc/8695 ( my statement, 15% risk, ATC broker )
Membre depuis Sep 21, 2009
posts 70
Jan 11, 2010 at 07:48
Hi there,
Im using Megadroid ADT on a live Alpari UK acc
https://www.myfxbook.com/members/billiboysclub/billiboysclub03/4878
Im using Megadroid ADT on a live Alpari UK acc
https://www.myfxbook.com/members/billiboysclub/billiboysclub03/4878
Membre depuis Sep 21, 2009
posts 70
Jan 11, 2010 at 14:29
0.15
Membre depuis Oct 28, 2009
posts 78
Jan 13, 2010 at 00:18
Hi MD users,
It seems that the user edzfx started really big and later reduced risk considerably. In my opinion, it is better to start with comfortable level and hold to your guns. 10% is better all over the time than use 30% then after getting burned with two consecutive losses reduce the risk.
So guys, if you started with 15% risk, be prepared to face the losses (they will happen sooner or later) and persevere in it! I have been testing MD with 5% risk, but now I will not get lower than 10%. I know that I can swallow the losses with this risk. One needs to worry about the losses and the profits will take care of themselves... 😄
It seems that the user edzfx started really big and later reduced risk considerably. In my opinion, it is better to start with comfortable level and hold to your guns. 10% is better all over the time than use 30% then after getting burned with two consecutive losses reduce the risk.
So guys, if you started with 15% risk, be prepared to face the losses (they will happen sooner or later) and persevere in it! I have been testing MD with 5% risk, but now I will not get lower than 10%. I know that I can swallow the losses with this risk. One needs to worry about the losses and the profits will take care of themselves... 😄
Membre depuis Oct 28, 2009
posts 78
Jan 13, 2010 at 09:16
(édité Jan 13, 2010 at 09:17)
No I do not have an MD dedicated account. The MD & Fapturbo account does not count here as this is my 'scratch' account where I forward test newly acquired EAs and my own ideas for manual trades. Taking into account the fact that MD is doing so well, I added it again to FXDD account -- all EUR/USD trades there are MD made (three recently and several in 2009).
forex_trader_2963
Membre depuis Nov 12, 2009
posts 6
Jan 13, 2010 at 10:41
(édité Jan 13, 2010 at 10:44)
Have been quietly testing MD and other EAs and on various brokers. I have had great success with MD and plan to go live in a few weeks.
MD tests I am currently running:
https://www.myfxbook.com/members/agent007/megadroid-iamfx/8519
https://www.myfxbook.com/members/agent007/megadroid-fxcbs/9284
https://www.myfxbook.com/members/agent007/megadroid-atc/11592
https://www.myfxbook.com/members/agent007/megadroid-mbt/11593
I'm also testing two combined EAs on this account.
https://www.myfxbook.com/members/agent007/pipsminer-forexshocker/12440
After about 3 months of study and reading, I have found EA success depends on what broker you use. Out of all brokers I've tested, I personally narrowed it down to these brokers. Because of their spreads trades are more frequent and with better gains.
1) ATC Brokers
2) MB Trading
3) FXCBS
4) IamFX
PipsMiner and ForexShocker also give great results but are a bit risky so, I intend to create a second account with a lower capital running these EAs. The idea behind this one is to transfer the profits, around ~40% from this to the more stable MD account.
At least that is the trading plan....
MD tests I am currently running:
https://www.myfxbook.com/members/agent007/megadroid-iamfx/8519
https://www.myfxbook.com/members/agent007/megadroid-fxcbs/9284
https://www.myfxbook.com/members/agent007/megadroid-atc/11592
https://www.myfxbook.com/members/agent007/megadroid-mbt/11593
I'm also testing two combined EAs on this account.
https://www.myfxbook.com/members/agent007/pipsminer-forexshocker/12440
After about 3 months of study and reading, I have found EA success depends on what broker you use. Out of all brokers I've tested, I personally narrowed it down to these brokers. Because of their spreads trades are more frequent and with better gains.
1) ATC Brokers
2) MB Trading
3) FXCBS
4) IamFX
PipsMiner and ForexShocker also give great results but are a bit risky so, I intend to create a second account with a lower capital running these EAs. The idea behind this one is to transfer the profits, around ~40% from this to the more stable MD account.
At least that is the trading plan....
Membre depuis Oct 28, 2009
posts 78
Jan 13, 2010 at 13:23
I understand that you demoed all of them. I wonder how they will behave with real accounts. I have noticed with real accounts: Alpari UK and FXCM that the spreads increase dramatically at MD trading time window... :-(
Jan 13, 2010 at 17:23
(édité Jan 13, 2010 at 17:24)
That mixed account looks amazing, 48% profit and loosing trades. I will track it to see how it will work out on long term. But the strategy you described sounds good.
What risk level do you use on the MD accounts?
And yes demo accounts can differ very much from real accounts, but your statements looks exactly like a normal MD live statement. A lot of small winners and occasionally a big loser.
What risk level do you use on the MD accounts?
And yes demo accounts can differ very much from real accounts, but your statements looks exactly like a normal MD live statement. A lot of small winners and occasionally a big loser.
forex_trader_2963
Membre depuis Nov 12, 2009
posts 6
Jan 13, 2010 at 21:57
ATC and MBT are ECN brokers so they say that both testing and live feeds are identical. So I'm expecting the commission and swaps on trades are reflected in testing as if it was on live. But those are not real trades so order price closures will vary with live and testing as you say. But not too much I hope? So the lower the spreads the better?
I'm 'hoping' when I got live my test results won't vary too much with testing.
For spread comparison I found this site useful, although it doesn't list all the brokers:
https://www.fxintel.com/live/
The mixed account uses: PipsMiner SE, ForexShocker and ForeNuke (Forgot to mention).
I find this site useful for selecting new robots to test: https://forexrobotstest.com/
My MD risk level is set to 0.3.
I'm 'hoping' when I got live my test results won't vary too much with testing.
For spread comparison I found this site useful, although it doesn't list all the brokers:
https://www.fxintel.com/live/
The mixed account uses: PipsMiner SE, ForexShocker and ForeNuke (Forgot to mention).
I find this site useful for selecting new robots to test: https://forexrobotstest.com/
My MD risk level is set to 0.3.
Membre depuis Jan 05, 2010
posts 92
Jan 14, 2010 at 07:44
agent007 posted:
For spread comparison I found this site useful, although it doesn't list all the brokers:
https://www.fxintel.com/live/
I've checked the whole website, and it's not even mentioned once from where do they get the prices (real/demo). If the prices are taken from a demo, there's no point to the website and I would say it's useless in such case.
Patience is a virtue.
forex_trader_2963
Membre depuis Nov 12, 2009
posts 6
Jan 14, 2010 at 11:28
It's mentioned in the 'about' link on the top right of the page.
They use broker APIs to connect to their feeds and get the bids/asks to calculate the spreads. That would probably explain why not all brokers are there if they don't provide this data access. If you take ATC and IamFX Brokers as an example, they say that their feeds for live and demo accounts are provided by the same data source. They also provide raw bank spreads and not altered by the brokers, so the quotes 'should' be identical.
It's only on order executions that demo and live vary because your close/buy orders in demo don't influence the market.
Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.
They use broker APIs to connect to their feeds and get the bids/asks to calculate the spreads. That would probably explain why not all brokers are there if they don't provide this data access. If you take ATC and IamFX Brokers as an example, they say that their feeds for live and demo accounts are provided by the same data source. They also provide raw bank spreads and not altered by the brokers, so the quotes 'should' be identical.
It's only on order executions that demo and live vary because your close/buy orders in demo don't influence the market.
Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.
Membre depuis Jan 05, 2010
posts 92
Jan 14, 2010 at 11:42
agent007 posted:
They use broker APIs to connect to their feeds and get the bids/asks to calculate the spreads...
...It's only on order executions that demo and live vary because your close/buy orders in demo don't influence the market.
Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.
First of all, using the MetaTrader mql language isn't exactly an API to a broker. I can set it up in 30 minutes and just show you the spreads.
Secondly, I can't agree with your statement 'I suspect demo v live trading won't be too different?' at all. A broker can show whatever spreads he wants on the demo to attract clients, but once you open a real account you see the real deal.
As I've mentioned before, unless the spreads are taken from a live open account with each broker, the statistics are absolutely useless.
I think onix-trade get the statistics from real accounts, so you better go to their website.
Patience is a virtue.
forex_trader_2963
Membre depuis Nov 12, 2009
posts 6
Jan 14, 2010 at 12:14
PipCollector posted:
First of all, using the MetaTrader mql language isn't exactly an API to a broker. I can set it up in 30 minutes and just show you the spreads.
Who said anything about mql as a broker API? It's an API to MetaTrader not brokers.
This is a broker API - https://fxtrade.oanda.com/forex_trading/fxtrade/api_trading
Nothing to do with MQL or MetaTrader at all.
<quote=PipCollector>
Secondly, I can't agree with your statement 'I suspect demo v live trading won't be too different?' at all. A broker can show whatever spreads he wants on the demo to attract clients, but once you open a real account you see the real deal.
Of course, and a lot do. ATC and Iamfx state that they provide unaltered raw spreads so their unique selling point is that very fact that they do not alter the spreads. So if anyone is intending to sign up to them they better be making sure to read the terms and conditions that states that.
People seem to be very happy with these brokers, particularly ATC both on live and demo.
Jan 14, 2010 at 17:12
I can confirm that ATC has the same spread as on that site.
agent007 posted:I don't agree. The quality of execution tends to be optimistically perfect on Demo. Always consider fill delays and slippage from your experience on live.
Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.
Membre depuis Oct 28, 2009
posts 78
Jan 28, 2010 at 08:33
(édité Jan 28, 2010 at 08:34)
Recently, it seems that FXDD also implemented anti-MD measures. Only ITFX executes MD trades like a clockwork...
I haven't got a single MD trade with Alpari UK for weeks now. The future of MD depends on NDD brokers only... Assuming that the new CFTC proposals of 10:1 margin will not get passed.
I haven't got a single MD trade with Alpari UK for weeks now. The future of MD depends on NDD brokers only... Assuming that the new CFTC proposals of 10:1 margin will not get passed.
Membre depuis Oct 28, 2009
posts 78
Jan 28, 2010 at 15:49
On most of days I get 'Safe spread limit exceeded' on Alpari UK and MD does not show any activity during it's trading hours. As to FXDD, I have no idea how they can influence MD as they have fixed spread on EUR/USD. The only thing that I know is that MD trades with ITFX almost each day, but it stopped for a while with FXDD.
Membre depuis Feb 23, 2010
posts 1
Feb 23, 2010 at 16:48
I've used Megadroid since it was launched about a year ago, the account is up around 130%, i'm considering either adding more funds to the account or purchasing the FRWC.
