theozaki

January 8, 2011

Gps is a dangerous Ea with inbuilt martingale strategy. Its a time bomb that will crash and burn your account in the long term. What is worse is that they openly state on their website that martingale is not used when in fact IT IS !

January 7, 2011

Thanks for the advice Norm, but the issue is with this EA not MT4 or Windows ! I have been running other EA's on my live platform without a Glitch until i added Leo Trader ..

I have admin authority on my PC cos i am the only person using it !

January 7, 2011

Well i've had enough of this crap EA ! I have requested my refund after i came home from work today and found that it had crashed again. I had even gone to the trouble of installing a separate instance of my live platform just for Leo Trader with the EA attached to ONLY the EURUSD chart ........ and IT STILL CRASHED !!!

January 7, 2011

A friend has it running. He uses only the LeoPro EA on 1 chart ( EURUSD ) on a live-account and has nothing else
running on that account but today it crashed his Mt4. He is thinking about a refund.

Ive noticed that whenever you attempt to open any tabs on the platform whilst the EA is running increases the likelihood of a crash ! This is a resource Hog which has not been correctly coded before releasing to the general public ...

Sure it is a trade replicator but at least it should function flawlessly without making the platform crash just because you want to check your account history etc whilst the EA is running. One more crash for me or if it misses any trade signals i will immediately request my refund !!

January 6, 2011

Has anyone had problems with their MT4 platform crashing whilst running Leo Trader. Ive had it crash the platforfm 2 times whilst also running other EAs on different eurusd charts. I feel that this EA is glitchy and not properly coded to run on MT4. Ive installed a separate instance of my live account just for Leo Trader to trade eurusd & gbpusd pairs with the EA attached to one chart only as required. If i get any more crashes os missed trade signals from this EA i will immediately ask for my refund ! Has anyone else had similar problems running this EA alongside other robots ?

December 31, 2010

I sent a comment to their blog which will most likely not get published but at least they will read it !

I asked them about their reverse trade strategy which opens a position in the opposite direction in the event of a losing trade that is almost 5 times the lot size of the original losing trade. If that isn't martingale then what do they call it !

Also about the fact that they decided to open a DEMO account with investor password access and not a LIVE account as the Leo Trader Pro team !

WHY a DEMO account ??

December 31, 2010

The 300 + pip stop loss seems a bit scary ! It is smooth sailing sailing so far for the robot with results that seem too good to be true !

I'm waiting to see when the price moves far away from the original entry to see what will happen. At the moment i am happily live trading alongside with them with very conservative lot size and watching the balance slowly increase !

THANKS · December 27, 2010

Out of curiosity, is your live account with FinFX or another broker? Any problems with trades appearing on their live account that aren't opened on yours?

My live account is with Go Markets and there have been no trades missed on my account that have also appeared on theirs. I am not trading however from the 24 th Dec until the 5th of Jan.

December 27, 2010

I also agree with THANKS !

We can give these people the benefit of the doubt that it is in fact a Neural Network powering this EA from their servers end. Human trader or not all that matters to me is that it is a LIVE trading account it nails every live trade so far with over 90% accuracy !

I watched it close a live EURUSD buy trade today and their is a certain amount of intelligence in the system. Once the trade starts moving in positive territory i watched the trailing stop loss kick in and move closer to the action and also the original TP was also modified further away allowing for more potential profit whilst the original stop loss was moved past the original opening price to lock in profit .

The results on their LIVE trading account truly impress me and i for one will trade alongside with them also on a LIVE account using conservative risk management. I have until the 20th February to change my mind and ask for a refund !

Happy Trading

December 23, 2010

I would have to agree. Everybody should know that you can't trade any market profitably with an ea. You can't quantify human emotion that way. And human emotion is what moves the market. Pure and simple....

Human emotion is probably a minor factor in affecting price movement but world financial and economic news & data has a much greater influence on price direction and market volatility !

December 23, 2010

Today it opened a GBPUSD buy trade today but beware about using the negative - or % money management option. Mine opened a 0.32 lot position on what should have been a 2% equity risk (-2.0 risk level setting) on a 540 dollar balance and went up to negative $98 dollars draw down before finally hitting the TP after many hours.

My advice is to set the risk level MANUALLY to your own comfort level. 18% draw down was way beyond my comfort level even though the trade finally swung the other way !

December 22, 2010

What about someone setting up a trade copier that copies their trades to a group of us? Or setting up a type of PAMM that we all can get involved in? Its not the ideal situation, but it will work?

You may as well purchase it yourself and you have 60 days to decide if it's worth keeping or throw it in the scrap heap and get a refund from clickbank !

As long as you use CONSERVATIVE money management it becomes risk free !!

davidwraith · December 21, 2010

As far as i'm aware it really doesn't matter what type of account it is traded on standard, mini or micro !

December 21, 2010

Bought it today and trading on my live account with 2% risk setting on a $540 balance. Will watch it carefully and report my trade results on Go Markets along with it's Investor account trades on Finfx !

I will watch the trading activity closely this week and report back . If it doesn't shape up to all its hyped to be then i will immediately ask for a refund from clickbank.

I really don't believe there is any way of educating this baby because it is constantly communicating with its server and without a valid receipt code it pauses !

December 7, 2010

9kb MQ4 file !! i don't think i will waste my precious time testing this !!

December 7, 2010

generally i would have to agree with you but the forex megadroid pro with news filter born from this forum is the closest thing to a consistent and profiable EA that i have come accross. I have using it on a live account successfully over the past few months.

December 7, 2010

Is this one of the greatest EA's ever created or one of the best marketing hypes i have ever seen ?

Someone please share this EA so we can thoroughly test it to find out for ourselves !

Decompiled / Educated version please so we can have a look at the code !

Cheers

November 27, 2010

What logic are you using for USDJPY and GPBUSD. Are you using both S1 and S2, or just S2?

Logic Settings are :

USDJPY : Logic 4

S1 AND S2 strategy used only on the major pairs EURUSD, GBPUSD, USDCHF, and USDJPY

GPBUSD : Logic 4

EURJPY : Logic 1

GBPCHF : Logic 4

USDCAD : Logic 2

EURCHF : Logic 2

EURGBP : Logic 3

USDCHF : Logic 4

EURUSD : Logic 1

I would exercise caution still with using the aggressive function ON especially if you are using large Lot sizes . I try to target my relative drawdown to around 10 to 15% Maximum!

Cheers

November 25, 2010

Hi Guys,

Below are my live stats trading with GoMarkets Megadroid Pro V 1.01eeN1 with the news filter !

Please note that the week i incurred the major stop losses i was not using the N1 news filter but trading manually with the std 1.01ee version with my manual news filtering of high impact news avoidance only 10 hrs before trading times GMT 20 to GMT 23 !

At the moment i'm using High Impact news filter of 6 hours after announcements and 3 hours before announcements. Medium impact news of 4 hours after announcements and 2 hours before announcements.

Early days yet but i'm very impressed with this N1 version of Megadroid Pro so far this month !

I will keep everyone posted with my live stats !

Happy trading !

Closed Transactions:

Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit

10278725 2010.11.01 21:03 buy 0.03 eurjpy 111.861 111.439 112.361 2010.11.01 23:30 111.876 0.00 0.00 0.00 0.56

10279327 2010.11.01 22:28 sell 0.03 eurgbp 0.86643 0.87226 0.86143 2010.11.01 23:41 0.86641 0.00 0.00 0.00 0.10

10335734 2010.11.03 21:00 sell 0.03 eurjpy 114.719 115.135 114.198 2010.11.03 21:01 114.615 0.00 0.00 0.00 3.83

10336921 2010.11.03 22:00 buy 0.03 eurchf 1.37092 1.35861 1.37585 2010.11.03 22:21 1.37183 0.00 0.00 0.00 2.80

10369764 2010.11.04 22:13 sell 0.03 eurjpy 114.759 115.422 114.251 2010.11.04 23:15 114.673 0.00 0.00 0.00 3.15

10370264 2010.11.04 22:41 sell 0.03 usdchf 0.95952 0.97377 0.95454 2010.11.04 22:52 0.95851 0.00 0.00 0.00 3.11

10421057 2010.11.08 22:54 sell 0.03 usdcad 1.00357 1.00782 0.99857 2010.11.09 00:20 1.00341 0.00 0.00 0.05 0.47

10452877 2010.11.09 21:04 sell 0.03 usdjpy 81.520 81.832 81.020 2010.11.09 22:21 81.832 0.00 0.00 0.00 -11.37

10453965 2010.11.09 22:12 sell 0.03 usdcad 1.00374 1.00811 0.99880 2010.11.09 22:39 1.00811 0.00 0.00 0.00 -12.98

10454005 2010.11.09 22:12 buy 0.03 gbpusd 1.60229 1.59904 1.60727 2010.11.09 22:25 1.59904 0.00 0.00 0.00 -9.70

10454040 2010.11.09 22:12 buy 0.03 eurgbp 0.86170 0.85753 0.86678 2010.11.09 22:27 0.86230 0.00 0.00 0.00 2.86

10454134 2010.11.09 22:12 buy 0.03 eurchf 1.33524 1.33111 1.34044 2010.11.10 02:13 1.33426 0.00 0.00 0.06 -3.02

10456420 2010.11.09 22:47 sell 0.03 usdjpy 81.938 82.256 81.442 2010.11.09 22:59 81.839 0.00 0.00 0.00 3.62

10456478 2010.11.09 22:50 buy 0.03 eurusd 1.37665 1.37248 1.38161 2010.11.09 22:53 1.37767 0.00 0.00 0.00 3.06

10457089 2010.11.09 23:24 buy 0.03 usdjpy 81.728 80.518 82.235 2010.11.10 00:38 81.725 0.00 0.00 0.01 -0.11

10457875 2010.11.10 00:23 sell 0.03 gbpusd 1.60000 1.61505 1.59477 2010.11.10 00:29 1.59899 0.00 0.00 0.00 3.02

10458271 2010.11.10 00:37 buy 0.03 gbpusd 1.59739 1.59424 1.60255 2010.11.10 01:38 1.59799 0.00 0.00 0.00 1.80

10493123 2010.11.10 21:03 buy 0.03 usdjpy 82.218 81.548 82.713 2010.11.10 22:21 82.218 0.00 0.00 0.00 0.00

10494247 2010.11.10 22:32 sell 0.03 gbpusd 1.61323 1.61643 1.60820 2010.11.10 22:43 1.61219 0.00 0.00 0.00 3.10

10495705 2010.11.11 00:10 buy 0.03 eurusd 1.37728 1.36691 1.38199 2010.11.11 01:46 1.37731 0.00 0.00 0.00 0.09

10523572 2010.11.11 21:29 buy 0.03 usdjpy 82.428 82.025 82.936 2010.11.11 22:46 82.447 0.00 0.00 0.00 0.69

10524262 2010.11.11 22:08 buy 0.03 gbpusd 1.61047 1.60716 1.61537 2010.11.11 22:16 1.61156 0.00 0.00 0.00 3.27

10524437 2010.11.11 22:11 sell 0.03 eurgbp 0.84812 0.85517 0.84312 2010.11.11 23:11 0.84783 0.00 0.00 0.00 1.41

10524442 2010.11.11 22:11 sell 0.03 eurchf 1.33342 1.33978 1.32842 2010.11.11 22:31 1.33252 0.00 0.00 0.00 2.77

10684082 2010.11.18 22:37 sell 0.04 usdcad 1.02215 1.02648 1.01717 2010.11.18 22:52 1.02114 0.00 0.00 0.00 4.01

10686343 2010.11.18 23:53 sell 0.04 eurusd 1.36432 1.36861 1.35951 2010.11.19 01:03 1.36396 0.00 0.00 -0.15 1.46

10831987 2010.11.24 21:07 sell 0.04 usdjpy 83.515 84.123 82.910 2010.11.25 02:03 83.508 0.00 0.00 -0.06 0.34

10832716 2010.11.24 22:00 sell 0.04 usdchf 0.99730 1.00054 0.99230 2010.11.24 22:29 0.99631 0.00 0.00 0.00 4.05

10832790 2010.11.24 22:00 sell 0.04 eurchf 1.32795 1.33474 1.32294 2010.11.24 23:00 1.32795 0.00 0.00 0.00 0.00

10832792 2010.11.24 22:00 sell 0.04 usdchf 0.99731 1.00696 0.99134 2010.11.24 22:29 0.99631 0.00 0.00 0.00 4.09

10833330 2010.11.24 22:57 sell 0.04 gbpusd 1.57751 1.58369 1.57150 2010.11.24 23:57 1.57727 0.00 0.00 0.00 0.98

10834222 2010.11.25 00:16 sell 0.04 gbpusd 1.57829 1.58452 1.57229 2010.11.25 02:17 1.57744 0.00 0.00 0.00 3.46

10834821 2010.11.25 00:58 sell 0.04 usdchf 0.99615 1.00237 0.99026 2010.11.25 01:22 0.99536 0.00 0.00 0.00 3.23

0.00 0.00 -0.09 24.15

Closed P/L: 24.06

Open Trades:

Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit

No transactions

0.00 0.00 0.00 0.00

Floating P/L: 0.00

Working Orders:

Ticket Open Time Type Size Item Price S / L T / P Market Price

No transactions

Summary:

Deposit/Withdrawal: 0.00 Credit Facility: 0.00

Closed Trade P/L: 24.06 Floating P/L: 0.00 Margin: 0.00

Balance: 248.40 Equity: 248.40 Free Margin: 248.40

Details:

Graph

Gross Profit: 61.17 Gross Loss: 37.11 Total Net Profit: 24.06

Profit Factor: 1.65 Expected Payoff: 0.73

Absolute Drawdown: 17.12 Maximal Drawdown: 31.19 (13.08%) Relative Drawdown: 13.08% (31.19)

Total Trades: 33 Short Positions (won %): 21 (90.48%) Long Positions (won %): 12 (75.00%)

Profit Trades (% of total): 28 (84.85%) Loss trades (% of total): 5 (15.15%)

Largest profit trade: 4.09 loss trade: -12.98

Average profit trade: 2.18 loss trade: -7.42

Maximum consecutive wins ($): 16 (32.74) consecutive losses ($): 2 (-21.07)

Maximal consecutive profit (count): 32.74 (16) consecutive loss (count): -21.07 (2)

Average consecutive wins: 6 consecutive losses: 1

November 15, 2010

I will try to do that over the weekend for you time permitting ofcourse. I'm really very busy at this stage. If you read many of my earlier posts on the Megadroid Pro thread you will see clearly what my EA settings are in general and my manual trading method using the news filter. I have only started using the N1 version of megadroid Pro over the past 2 weeks as per posted live results. I'm using plus/minus 480 minutes for high impact news and plus/minus 360 minutes for medium impact news. I will monitor my live results over the next 2 weeks and keep you updated.

Domino you have done well with live trading indeed. I have been using the Pro version on and off over the past nine months with reasonably good success. Account gain over the 9 month period was around 75% but my trading was somewhat experimental with lot sizes and currency pairs traded.

Cheers

November 14, 2010

Your comment is correct however this EA has an average strike rate of around 90% if traded correctly long term without the aggressive strategy and the results i posted only reflect 2 weeks of trading activity. If there is a better and more consistently profitable scalping EA out there i would like to see it !

November 13, 2010

Hi All,

still using any of the N1 versions? I do with great confidence.

I am using 1.01 for quite a while now, having kicked out EURJPY and set all Newsfilter to skip high and medium news 6hrs plus/minus. Further using aggresive mode as well on the major pairs. Recovery is off. Drives for steady results, though.

Brokers matter! I have it running on three brokers using the same setup. Best results on FXCM even on higher up to double the spreads. Trade entries are accross the same... E.g. there is a 20% profit difference between FXCM and Alpari UK as well the win rate on FXCM is higher due to breakeven trades... What is causing this? Not sure yet... From what I have seen this week Alpari is sending more than double the ticks... So, does the more price changes press on the performance?

Your experience/results?

Cheers

Hi Expat 1967,

Do you have any live stats that you can upload that are at least 2 weeks worth of trading !

I would like to have a look at your Live stats ! I use Go markets and i have updated mine on the other Megadroid Pro thread ! I use a manual News Filtering method avoiding high impact news only at least 10 hours before Megadroid Pro trading times of GMT 20 to GMT 23 which works effectively for me.

Cheers

November 12, 2010

Hi Guys,

Just wanted to add my comment regarding Trading accuracy and consistency of Megadroid Pro. I have been trading live with this EA since Mid October and i have included my Live trading stats with Go Markets since November 1. With conservative settings i still consider this EA to be the best scalping EA created from this Forum. I use Megadroid Pro version 1.01ee with dll(born from this forum). I still follow my own manual news filter trading method although you can also use Rio's Megradroid Pro version with the News Filter included within the EA.

I don't like using Fapturbo or Shocker because they both have a poor Risk, Reward ratio of around 8:1 whereas Megadroid Pro is around 4:1. (Excellent for a scalper robot which can average a winning consistency of around 80%)

Megradroid pro is also more discerning and fussy about the trades it opens based on support and resistance levels whereas other scalping EA's are not.

SEE BELOW

Go Markets Pty Ltd

Account: 500739 Name: Theo Giannikakis Currency: AUD 2010 November 12, 21:42