theozaki

hi theozaki,

 

i've downloaded the version you suggested and since you have all the experience on it i am addressing a couple of questions about the ea to you.

 

1. What time frame you use, does it make a differene to the ea ?

 

No real difference what time you choose to use because the ea monitors the m5 & m15 time frames internally. Some people choose to use m15 timeframes as most scalping ea's use this timeframe.

 

It really is not important if you use either h1 or m15 timeframes !

 

2. I see that you are trading the usdchf , what logic are you using for it ?

 

Logic for usdchf = 4

 

3. What is the ea's hardstop setting ? Can we change it and how about the tp ? There is no input on the ea for sl and tp...

 

Megadroids sl & tp are dynamic. They are set and adjusted internally by the ea depending on support & resistance levels.

 

Risk / reward ratio is around 3.5 / 1 which is quite good for a scalping ea. Fapturbo for example is around 10 to 1 for most of its trading pairs.

 

4. I've placed the ea on mbt trading demo which is an ecn broker, with the correct trading times, but i had no trades today. Do you know if the ea can be traded on an ecn broker (separate orders for sl and tp) ? Did you have any trades today (3/29/10) ? I can re-install on alpari demo, but i have a live acct with mbt trading and i like their spreads.

 

If your 're using mp v1.01ee then it will not trade from the 29th to the 31st of each month. This is set internally and you can't change it unless you choose to use the xe version of mp from this thread. I am just for this week !

 

I only use mp v1.01ee but because this week falls on the end of month i am using mp xe v1.2 to overide this an allow myself to trade. There is an input tab in the ea that you set to true to allow end of month trades.

 

 

Thanks in advance for your help and keep up the good work !

good luck to you too !

Hi Elma,

As far as i'm aware they refer to two different currency pairs using the same Logic setting. But use the same figures for both hourly settings.ie Use 19 - 23 for both Hour 1 and Hour 2 (S1) settings ! Agressive = False for me so don't worry about S2 settings.

Re: Megadroid Pro

please read my earlier post in this thread regarding the difference between md v1.21 and the other megadroid pro versions. Regarding backtest results dont put too much faith or trust in them. Live platform trading conditions are almost always different. Spreads are almost always wider. More requotes and greater slippage equals very different trading conditions compared with demo trading. So please use demo results only as a rough guide.

Re: Megadroid Pro

Hi apple 1937,

1.) What time you usually watch or update yourself with the news announcement daily? At what GMT? :?:

I USE THE LINK BELOW THAT YOU HAVE CORRECTLY INDICATED AND I WRITE MYSELF A CALENDER LIST ONE WEEK IN ADVANCE.

ON THE LIST I INCLUDE WHICH CURRENCY WILL HAVE HIGH IMPACT NEWS AND AT WHAT TIME IN GMT. IF THE NEWS ANNOUNCEMENT IS AFTER GMT 10.00 THEN I WILL NOT TRADE THAT CURRENCY FOR THAT DAY. ALSO I WOULD USE GMT START PERIOD OF 20.00 IF NEWS ANNOUNCEMENT WAS AT GMT 10.00 FOR EXAMPLE.

ALWAYS ALLOW THAT 10 HOUR BUFFER PERIOD.

IF A CURRENCY HAS (TWO OR MORE) MEDIUM IMPACT NEWS ANNOUNCEMENTS FOR THAT DAY ALSO TAKE NOTE OF THAT. I TREAT THIS LIKE A HIGH IMPACT ANNOUNCEMENT ALSO.

2.) Do you mean that if you notice there is a High Impact news on USD let's say on 25th at GMT10:00, means you will not trade any pairs related to USD on 25th night? Please confirm and correct me if I am wrong.

IN THE EXAMPLE ABOVE I WOULD TRADE USD PAIRS BUT BY START PERIOD WOULD BE ADJUSTED TO GMT 20.00 INSTEAD OF GMT 19.00.

ANYTHING THAT COMES LATER THAN GMT 10:00 I WOULD NOT TRADE FOR THE DAY !

3.)Is this the exact site (http://www.fx360.com/calendar/Index.aspx) that you get your news

update? Thanks :)

:-bd

YES IT IS !

Re: Megadroid Pro

Hi Lucky Like

I haven't use the XE version yet but i will be using it this week because i want to be trading at the end of month period. 28 - 31 st of the month.

Only the XE version allows me to overide this default non trading period. The other versions of MP don't allow me to overide this option.

I will be able to provide more detailed comments for you by the end of next week regarding megadroid pro XE V1.2

The version which i have been running live for the past one month is MP V1.01ee as i have already mentioned. I have had outstanding success so far using this version and my news filtering trading strategy together.

Here are my live stats since the start of March below :

Gross Profit: 1 001.51 Gross Loss: 278.90 Total Net Profit: 722.61

Profit Factor: 3.59 Expected Payoff: 16.42

Absolute Drawdown: 0.00 Maximal Drawdown: 103.65 (1.05%) Relative Drawdown: 1.05% (103.65)

Total Trades: 44 Short Positions (won %): 26 (88.46%) Long Positions (won %): 18 (88.89%)

Profit Trades (% of total): 39 (88.64%) Loss trades (% of total): 5 (11.36%)

Largest profit trade: 78.39 loss trade: -103.65

Average profit trade: 25.68 loss trade: -55.78

Maximum consecutive wins ($): 18 (369.95) consecutive losses ($): 1 (-103.65)

Maximal consecutive profit (count): 379.70 (9) consecutive loss (count): -103.65 (1)

Average consecutive wins: 8 consecutive losses: 1

Kudos always welcome !

Re: Megadroid Pro

Strategy S2 is automatically disabled when you set Aggressive= False.

Megadroid V1.21 only uses the latest version Logic for EURUSD only. So if you choose it use it on any other pairs other than the EURUSD pair you will be trading with EURUSD Logic setting only !

It is not the Pro version which has the Four different unique Logic settings !

Re: Megadroid Pro

For anyone else who needs this EA please use the link below. It's still active !

http://www.filefactory*com/file/ah2g96e/n/MegaDroidPro_v1_01ee_rar

Cheers

Re: *EA_Kain_ee version needed

Hi,

Forget about EA Kain if you truly want to profit consistently and reliably go visit the Megadroid Pro thread in this forum and browse through the last few pages of that thread.

I give my live results and opinions freely there.

This EA Kain is an inferior copy of the Droid anyway !

I use Megadroid Pro V1.01ee for my live trading alongside my manual news filtering method this EA purrs like a kitten hitting only one hard stoploss in the past four weeks of live trading.

I can't imagine EA Kain or any other EA beating that cold hard fact !

Enjoy :D

Re: Megadroid Pro

Hi,

regarding your question i have experimented with both scenarios and i've found that turning your EA off after high impact news announcements is a more effective filter than turning off prior. Allowing at least a 10 hour buffer period as a minimum is perfect to allow a currency pair to settle down from highly volatile price action after high impact news is working perfectly for me. I have only hit one hard stoploss using this news filtering method in the past four weeks trading with MP.

With prior scenarios it is best to make sure that your End Time to trading hours using MP is at least 1.5 to 2 prior to expected news announcements.

Asian high impact news usually hits the market around GMT 23.50 and Australian open market is at GMT 22.00. This is why i close all JPY pairs at GMT 22.00 at the latest.

Re: Megadroid Pro XE V1.2

EA Kain is an inferior product compared with MP 1.01ee or XE V1.2 because of the fact that the Risk Reward ratio is something like 10 to 1 in EA Kain whereas MP is around 3 to 1. Heaps better !!

Even the famous Fapturbo has a Risk/Reward ratio of around 10:1 also which is one of the main reasons i choose not to use this product even though i have bought it and can modify the SL settings myself. It isn't as prudent as MP in selecting it's trades either !

Also Adjustable variables in the EA inputs Tab for EA Kain is for complete Forex newbies.

I like to have full control over my trading parameters always.

Megadroid Pro for me always !!

Re: [REQ]Bl@ck P@nth3r

If anyone has already paid for this EA can they please share the License Code also to enable us to take a deeper look inside this file and decompile it properly !

Thanks & Kudos in advance :-bd

Re: [REQ]Bl@ck P@nth3r

This reminds me of the Fusion EA with similar type of security which Birt finally managed to crack so i'm sure he can do it again on this one !

Please Birt help us ^:)^ ^:)^ ^:)^

Re: Megadroid Pro

What kind of results are you folks getting ?

I'm happily profiting along using this EA for the past four weeks encountering only one hard stoploss along the way.

My three golden rules are :

A . Use conservative S1 strategy only ... Aggressive = False

B. Recovery Mode = False also

C. Use the News filtering method as i have described in detail in previous posts.

Number of pairs traded daily depends on News filtering . 6 charts daily is my max.

Risk/Reward ratio for MP is approximately 3.2 to 1 which is really good for a scalper because others like the famous Fapturbo are as high as 10 to 1.

Cmon guys let's share live results and strategies please !

I still believe that the enhanced version of Megadroid Pro born from this Forum is still one of the best, most consistently profitable and reliable EA scalpers around at the moment...

Happy Trading

Re: Megadroid Pro

Either way is correct but i prefer to use 0 GMT instead of 24. The EA understands both numbers i believe !

Also notice that all brokers use 0 on their MT4 charts not 24, so use 0 instead just to be sure !

Re: Megadroid Pro

Here is that link you asked for !

MegaDroidPro v1.01ee ('plugged', dll version)

Code:

http://www.filefactory*com/file/ah2g96e/n/MegaDroidPro_v1_01ee_rar

-or-

http://www.mediafire*com/file/njwggmjznhy/MegaDroidPro_v1_01ee.rar

* = .

MegaDroidPro v1.01ee (ee means "Educated & Enhanced" )

------------------------------------------------------------------------

This version of MegaDroidPro has

1. Disabled Authentication

You can write any ReceiptCode or leave the field empty.

The .dll doesn't prevent buy & sell orders anymore if authentication fails.

No annoying "Not Authenticated" message is showing up.

It Does NOT calling home.

2. Applicable on any pairs

Not just EUR/USD, EUR/CHF, EUR/GBP and USD/CHF can be traded, but any pairs.

The pairs are traded by separate logics. The officially supported pairs are

traded by their own logics by default, but this CAN BE changed.

If you're start MegaDroidPro on an officially unsupported pair,

you have to choose by which logic should that pair be traded.

For this, there is a Logic variable among the settings.

The Logic variable can be set to EIGHT values:

1 - trade by the EUR/USD logic on an unsupported pair

2 - trade by the EUR/CHF logic on an unsupported pair

3 - trade by the EUR/GBP logic on an unsupported pair

4 - trade by the USD/CHF logic on an unsupported pair

11 - FORCED trade by the EUR/USD logic on an other DEFAULT pair

22 - FORCED trade by the EUR/CHF logic on an other DEFAULT pair

33 - FORCED trade by the EUR/GBP logic on an other DEFAULT pair

44 - FORCED trade by the USD/CHF logic on an other DEFAULT pair

The default is 1 (EUR/USD logic).

3. Spread limit can be freely changed

Some broker has higher night spreads at some pairs, therefore MegaDroid

often sent out the message: "Safe spread limit exceeded"

Therefore there is a new variable called MaxSpread.

If MaxSpread set to 0 (zero), then MegaDroid's default built-in

spread limits are used.

If MaxSpread set to other number, then that number will be used as the new

"Safe spread limit". If you're on 5 digit broker, then multiply it by 10!

You can set MaxSpread to -1 (minus one). This tells MegaDroidPro to set

the maximum allowed spread to the currency's actual highest spread.

This way you don't have to guess what is the correct value. This setting is

actually disabling the spread limit protection! (See Warning!)

Example: you want to trade GBP/JPY, but its spread is 7 / 10 (day/night).

Set MaxSpread to 10 (night spread) if you're on 4 digit broker.

Set MaxSpread to 100 if you're on 5 digit broker!

Set MaxSpread to -1 and spread limit protection will be disabled.

4. Trading times can be overridden

You can set freely MegaDroidPro's trading times. For this there are eight

variables. Four for Strategy 1 and four for Strategy 2. You can set

start hours and end hours only (no minutes).

5. Risk sharing among running instances can be disabled

By default MegaDroidPro instances are sharing the risk between each other.

It means that if you're running more droids on different pairs, then your

risk will not be multiplied, but equally shared.

The only problem is that if one of the droids is winning and the rest is not

placing any trades, then your profit will be also fractional.

This default behavior can be switched off by the RiskSharingEnabled setting.

-------------------

To try preventing crashes, please delete the old .dll file from the

experts\libraries directory, then MegaDroidPro.ex4 and .mq4 from the

experts directory.

Then please place the new .dll to experts\libraries directory and

place ONLY MegaDroidPro.mq4 to experts directory. So don't place the .mx4

to the experts directory. This way MetaTrader will compile the source code

to its taste and hopefully will not crash in the future.

The .mx4 file is just for reference, you don't need to place it anywhere.

-------------------

Warning! MegaDroidPro is a scalping robot! If you set MaxSpread too high or

trade pairs with too high spreads, then it may lead to large drawdown or

even account blowup! Try to trade the pairs with the tightest spreads!

That's all!

Enjoy!

Re: Megadroid Pro

No ! Not always

I follow the economic calender on the fx360 website. I know one week in advance which currency pairs will have high impact news including the exact time in GMT the news is released.

All i do is make sure that there is at least a 10 hour buffer between news release time and start trading time on Megadroid pro. My hours are strictly between GMT 19 to GMT 23 except for JPY crosses which i close 1 hour earlier at GMT 22 because economic news releases usually are around 23.50 for Asia market opening. Sometimes i can start trades from GMT 20 to GMT 23 instead to allow myself that 10 hour buffer on certain pairs if for example news release happens at GMT 9.30

This week is a heavy news release for USD pairs (FOMC) week so for example i'm not trading any USD pairs on Wed, Thurs & Friday morning my local time. But last week it was much more quite and i traded USD pairs almost each day. So it depends ....

I hope this makes it clear on how to apply this news filtering method towards your trading !

Cheers

Re: Megadroid Pro

Its hard to say which is the best performing. I think at this stage it's EURUSD & GBPUSD. The two have collected the most pips for me at this stage. The least performing pair has been EURCHF due to lack of trades.

The Logic settings for the non standard pairs are GBPUSD is Logic 4 , USDJPY is Logic 4 , USDCAD is Logic 2, EURJPY is Logic 1 , GBPCHF is Logic 4.

Use the news filter method as described above for even greater accuracy and consistency in your trades. I usually try trade six pairs daily depending on News announcements.

Good Luck with your trading ! ;)

Re: Megadroid Pro

Is anyone else out there still using Megadroid pro successfully for Live Trading ?

I for one will not be changing this EA or my strategy for a long time. Hopefully my Broker will stay honest & true and not cheat or manipulate the spreads.

Trading from the 1st March until 11th March i have added $519 dollars to my account. That's less than two weeks trading. Megadroid pro has opened 26 trades losing only 1 trade. Profit Trade % of 96.1

Have a Look Below at my live statement ! :)

Closed Transactions:

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

4976118 2010.03.01 21:00 sell 0.24 eurgbp 0.90455 0.91501 0.89957 2010.03.01 21:12 0.90393 0.00 0.00 0.00 24.80

4976126 2010.03.01 21:00 sell 0.23 eurjpy 120.887 121.907 120.387 2010.03.01 22:07 120.816 0.00 0.00 0.00 20.34

4976138 2010.03.01 21:00 buy 0.22 gbpchf 1.61792 1.60263 1.62292 2010.03.01 21:06 1.61893 0.00 0.00 0.00 22.87

5050770 2010.03.02 21:00 sell 0.25 eurusd 1.36140 1.36552 1.35638 2010.03.02 21:13 1.36040 0.00 0.00 0.00 27.62

5050775 2010.03.02 21:00 buy 0.25 usdjpy 88.658 88.344 89.158 2010.03.02 22:09 88.699 0.00 0.00 0.00 12.78

5050781 2010.03.02 21:00 sell 0.25 eurgbp 0.90928 0.91358 0.90428 2010.03.03 00:00 0.90974 0.00 0.00 -0.64 -19.06

5051283 2010.03.02 21:13 buy 0.25 gbpusd 1.49564 1.48522 1.50064 2010.03.02 22:13 1.49666 0.00 0.00 0.00 28.20

5054303 2010.03.02 22:13 sell 0.25 gbpusd 1.49620 1.49935 1.49117 2010.03.02 23:21 1.49598 0.00 0.00 0.00 6.09

5054608 2010.03.02 22:14 sell 0.25 eurusd 1.36165 1.36578 1.35665 2010.03.02 22:27 1.36067 0.00 0.00 0.00 27.12

5058326 2010.03.02 23:43 sell 0.25 gbpusd 1.49707 1.50013 1.49207 2010.03.03 00:27 1.49598 0.00 0.00 -0.04 30.16

5095197 2010.03.03 21:45 buy 0.25 eurjpy 121.119 120.591 121.619 2010.03.03 22:34 121.222 0.00 0.00 0.00 32.14

5095320 2010.03.03 21:48 buy 0.25 gbpchf 1.61154 1.60714 1.61662 2010.03.03 22:48 1.61217 0.00 0.00 0.00 16.29

5095354 2010.03.03 21:48 sell 0.25 eurgbp 0.90762 0.91190 0.90264 2010.03.03 22:48 0.90727 0.00 0.00 0.00 14.59

5116871 2010.03.04 22:46 sell 0.30 audusd 0.90107 0.90542 0.89604 2010.03.04 23:56 0.90051 0.00 0.00 0.00 18.66

5155764 2010.03.08 22:17 sell 0.30 eurusd 1.36409 1.37049 1.35909 2010.03.08 22:53 1.36302 0.00 0.00 0.00 35.28

5157569 2010.03.09 00:37 buy 0.30 gbpusd 1.50495 1.50165 1.50995 2010.03.09 00:41 1.50601 0.00 0.00 0.00 34.99

5157808 2010.03.09 00:52 buy 0.30 gbpusd 1.50461 1.50139 1.50965 2010.03.09 01:53 1.50467 0.00 0.00 0.00 1.98

5177439 2010.03.09 21:46 buy 0.30 eurusd 1.35902 1.35364 1.36402 2010.03.09 22:41 1.36002 0.00 0.00 0.00 32.85

5177876 2010.03.09 22:14 sell 0.30 usdcad 1.02671 1.03193 1.02171 2010.03.09 23:14 1.02652 0.00 0.00 0.00 6.08

5198728 2010.03.10 21:12 sell 0.30 gbpusd 1.49649 1.50122 1.49146 2010.03.10 22:27 1.49629 0.00 0.00 0.00 6.56

5198832 2010.03.10 21:15 sell 0.30 eurusd 1.36565 1.36968 1.36057 2010.03.10 22:05 1.36464 0.00 0.00 0.00 33.12

5198896 2010.03.10 21:18 buy 0.30 usdchf 1.06977 1.06661 1.07477 2010.03.10 22:05 1.07086 0.00 0.00 0.00 33.39

5199384 2010.03.10 21:52 sell 0.30 usdcad 1.02660 1.03094 1.02160 2010.03.10 22:52 1.02610 0.00 0.00 0.00 15.97

5200493 2010.03.10 22:30 buy 0.30 gbpusd 1.49601 1.48714 1.50101 2010.03.10 23:07 1.49701 0.00 0.00 0.00 32.80

5201012 2010.03.10 23:09 sell 0.30 gbpusd 1.49747 1.50122 1.49229 2010.03.11 01:10 1.49744 0.00 0.00 -0.14 0.98

5201379 2010.03.10 23:15 sell 0.30 eurusd 1.36617 1.37029 1.36117 2010.03.11 00:39 1.36533 0.00 0.00 -3.56 27.53

0.00 0.00 -4.38 524.13

Closed P/L: 519.75

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: 519.75 Floating P/L: 0.00 Margin: 0.00

Balance: 9 858.80 Equity: 9 858.80 Free Margin: 9 858.80

Re: Megadroid Pro

I'm using Megadroid Pro V 1.01ee with dll.

I have found this version to be extremely stable and no crashes on my platform. My broker is Go Markets in Australia.

Benefits are very low variable spreads on all pairs. No Dealing Desk execution , No EA restrictions , STP currenex price feed , No requotes at all ! Overall

http://indo-investasi.com/posting.php?mode=reply&f=6&t=4115#

Cheers

Re: Megadroid Pro

It's plainly obvious that the Megadroid pro thread is now dead or dying !

Thanks for all the great contributions from truly masterful coders relating to the coding of this truly great EA !

Birt , Don, bbrain & Rio just to name afew ! Thanks so much for all your efforts.

This EA is the best scalper of the lot at the moment especially considering that it can be traded on many more than the four original supported pairs it was originally designed for.

EA Kain is merely a clone of Megadroid pro and Fapturbo is an inferior product cos it's not as selective or prudent regarding its trades.

I have been trading live with MD Pro for the past three weeks and it has taken my account from $ 9100 to $9673 over a period of three weeks trading 0.25 to 0.3 lots on 4 to 6 pairs daily.

Agressive off and recovery mode off also. I feel that these two arent really necessay because we have the opportunity now to trade on so many currency pairs each day. Your account will profit more slowly but SURELY and securely long term.

I watch the High Impact News announcements daily and i will only trade a currency pair if the High Impact News announcement relating to any pair is not less than 10 hours previous to 19.00 GMT. I trade exclusively between GMT 19.00 to GNT 23.00 except for JPY crosses which are GMT 19.00 to GMT 22.00.

For example if the news on either two of any pairs is on or after GMT 9.00 i won't trade that pair for the day. The fx360 website is my reference.

I have found that this method of news filtering has helped me effectively to avoid hitting Stop Losses unnecessarily due to market volatility.

Good luck to all traders using Megadroid Pro ! =D>