Thread: Forex Megadroid

Originally Posted by wannaberich

Yes will be interesting to see how it goes over the next 60 days in forward testing. Since running it my self it is yet to open a trade, but that is not suprising considering it does not trade often i hear.

Was wondering how often it is trading for you on average

Only trades a couple times during Asia, and thats because I have the agressive setting marked off, otherwise only maybe once. Its a once a day trader, and doesnt bank alot of pips in terms of numbers, but its consistent.

Well it has not traded yet for me, i set it up yesterday and still waiting.

Has yours has any trades since yesterday. I went to the megadroid web site and noticed that there has not traded since the 8th of this month, it last traded 4 days ago

Originally Posted by winias

Only trades a couple times during Asia, and thats because I have the agressive setting marked off, otherwise only maybe once. Its a once a day trader, and doesnt bank alot of pips in terms of numbers, but its consistent.

Yeah i know, it must be waiting on the perfect entry or something. I guess it is waiting on all the criteria to be met before it takes a trade

Originally Posted by bigpipn

Hasn't made a trade for me either Wannabe.

I have run it on a small real account since April 20. Nine trades so far each for a small profit. No big gains & no losses to date. Trade dates have been April 21, 22, 28, 29, May 5, 6, 7 (two trades), and 8th.

Trades only once per day but not on Sunday or Monday. Trades at 0:00 (Midnight) GMT. Can take a couple of days for first trade.

Will work all the way down to about $50.00 micro account with .01 lots fixed.

So far so good.

I have had the MegaDroid on a live account for about 4 weeks. I have had 2 loosing trades and all the rest have been positive. It has paid for itself. To achieve the results on the website you need to be 'aggressive' on risk management--set to 10% to 20%. This can be very high and uncomfortable for some traders. The lastest version tells you what lot size the next trade will be, hence you can change the risk management level to generate lot size trades you are comfortable with.
It trades only the EUR/USD and typically it trades only around a certain time--just before the Asian market opens. In addition, you should realize it is a 'scalper' of 15 pips or less if it detects that the trade may be bad. It trades both shorts and buys. I have also set the 'Aggressive mode' on which is suppose to accelerate recovery from a bad trade. I have been pleased with the product--it does not crash my trading account.
They have been responsive to my questions and support. There are scams out there. The biggest ones of the EA or robot variety are those website that post fantastic results, which are only results of back testing and not from current live trading accounts. This one seems to be ok.

Sounding good so far. Still no trades for me however, still waiting

Well just checked my VPS i have had my first trade now and it was a winner

I really like megadroid the main reason, very simple imputs, there is really nothing to select, just true or false for a few things and what risk you want

Originally Posted by Neo-Rio

I just got it and have run it for 2 days on my live account.
It made $8 in its first trade so far.

It must really prepare itself incredibly well to enter a trade, hence the time it takes for it to open one. Like the authors of this bot say, this is a trading bot, not a gambling bot. If you want to see lots of trades going like crazy, you'd have more fun at a casino blowing your money.

Yeah it did about 500 bucks for me tonight at 4 lots. Good show. We'll see how long it can last.