Thread: Forex Megadroid

Hmm even third party websites are getting losses on this ea. Your settings must be better than other people's. Maybe you would share your settings with other people in this thread. For me these 3rd party results here just confirm to me that this ea is nothing more than a hyped up mass marketed ea.
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Regards,
Jeff

Originally Posted by wannaberich

yeah well i guess it is just circumstances at the time. Even though we are with the same broker, i am not sure that every trade is put on exactly the same time on every occasion, it may sometimes but not others, why this is not sure, probably a robot thing to try and prevent everyone placing trades at exactly the same time. I also change my MD magic number each week on both S1 and S2.

I am not worried about the individual losses when or if i get them. I am using MD on ultra low risk settings and treating it like a long term investment and not a short term get rich scheme. If you bases individual trades then it could hurt if you take a few losses here and there, but take it over 12 months or more then it probably wont.

I don't think that it should come as any surprise that MD, DOES lose on occasion, and even screw it up and get two wrong in a row. You can see that in the backtests.

It's a bit rare, and indeed this month has been a loser for the bot. Long term however, I'm sure that it will be profitable overall. If it's not trading enough for you, you can always try advanced droid tactics (having an extra two droids running at GMT offset +4 and at +6 respectively)

My MD is in recovery mode, so I have some faith that it will get the next few trades right and dig itself out of a hole.
If you kill it, you only make it stronger!

Hello,

I have never bought this ea nor would I. I have seen enough to form my opinion on this ea. If people like this ea then I wish you well.

Regards,
Jeff

Originally Posted by Neo-Rio

I don't think that it should come as any surprise that MD, DOES lose on occasion, and even screw it up and get two wrong in a row. You can see that in the backtests.

It's a bit rare, and indeed this month has been a loser for the bot. Long term however, I'm sure that it will be profitable overall. If it's not trading enough for you, you can always try advanced droid tactics (having an extra two droids running at GMT offset +4 and at +6 respectively)

My MD is in recovery mode, so I have some faith that it will get the next few trades right and dig itself out of a hole.
If you kill it, you only make it stronger!

Megadroid ADT and Megadroid Mod. B

is the Megadroid Mod B the same as the paid Megadroid ADT?

which is better?

are you guysing using standard Megadroid or with ADT or Megadroid Pro?

which is highly recommended?

anyone has any idea what MegaDroid.dll does?

Apparently it connects back to their server as i read about it from the MegaDroid manual FAQ but is unclear what it does

Error: WinINet connection failed:
This means that Forex MegaDroid cannot connect to our server - it is
usually caused by internet connection problems on your computer.

According to the MegaDroid manual's FAQ,

What is the correct chart timeframe?
We suggest using the robot on the H1 timeframe for simplicity, though
any timeframe is fine in practice - the results will be the same.


How is it possible that the results are the same when using any EURUSD timeframe other than H1??

Originally Posted by dennerle

According to the MegaDroid manual's FAQ,

What is the correct chart timeframe?
We suggest using the robot on the H1 timeframe for simplicity, though
any timeframe is fine in practice - the results will be the same.


How is it possible that the results are the same when using any EURUSD timeframe other than H1??

they read the H1 charts, regardless which timeframe the trader set, but the robots looks first at the actual tf, if H1 set, it reads asap, if other tf, it must load the H1 values first, so the robots execution is slightly faster

Originally Posted by ixbone

they read the H1 charts, regardless which timeframe the trader set, but the robots looks first at the actual tf, if H1 set, it reads asap, if other tf, it must load the H1 values first, so the robots execution is slightly faster

Not true actually. Megadroid has two strategies. One uses the M15 and the other the M5. The manual just says to put it on H1 because that's the default you get when you open up any chart -- plus it's easier for newbies who follow the instructions to understand this and that's why.

It doesn't matter which chart you use actually.

Yeah, that's pretty much all it does. Just for authentication.