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Re: Megadroid Pro

Hi theozaki,

ok, as I see, there are no reports yet from 1.01_XE. So I will stick with 1.01ee, which so far doesn´t offer more settings than the basic version, so there is no danger of using wrong settings.

So the question remains, what is the difference between the basic version (which I use, 1.21) and the Pro-version, except that in can be used with different pairs?

The other question is, how reliable backtests are. When testing, even the version I´m using now, depleted the account by 50% in 3 months, while it actually makes profits.

Re: FX Genius Robot Discussion

Are you Dominic?

You´re doing the same like him, talking about profits, but fail to tell me one (or 2) suitable ECN-brokers, which can be used as slave brokers.

I remember mailing to Dominic, and he really assumes, that there are morons (like him), who pay 2000$ and being told "search for a suitable broker yourself". Who the hell is so stupid?

Just, instead of inflating this thread with useless offenses, tell us, the community, which ECN-broker(s) you´re using, and post some statements, too. Or tell us about people, who are succesfully using this or similar EAs.

Failing to do so will confirm, what I told before.

Re: FX Genius Robot Discussion

3 posts with what can be said in 2 sentences.

This is what blows this thread - everyone talkes about that, but no one obviously found a good slave/master combo, or those who found, wouldn´t publish it, ´cause they´re afraid of too many trading at these brokers with this EA will spoil the result.

Yes, ECN is the right solution. I demoed several of them, and the very, very simple result is, that ECN brokers have the best and fastest feeds, so they´re not usable as slaves. The right slaves are those bucket shops with bad servers/bad and slow connection, but as we found here, they´re the cheating ones.

May be we should face the fact, that this EA, though being a good idea, is not to be used for trading. Again the very simple truth must be faced with - if this EA or principle would be that succesfull, the creator (Dominic) wouldn´t sell it. But as written earlier here, after an initial period of good profits he knew, that suitable slave brokers won´t accept this and that´s why he wan´t to "extend" the profits by selling it for a terrible price.

Good idea, indeed, first make profits, and when the EA became scrap, try to sell it.

This is very simple, and no need to write around thise with diffuse never ending posts.

Re: Megadroid Pro

As I told before, I´m trading live with MD 1.21 only EURUSD with 4-5 winning/1 loosing trades, which is ok

I backtested the MDPro_XE, but no matter what setting I use, I get heave losses in backtest, on EURUSD. Trading only at default times (no GMT+4 etc), recovery off, agressive off etc, S/L limited to 40 pips, but still, when tested in the period 01.12.09-25.03.10, account is down 20%. With the default settings, this EA is available, account looses more than 50% in the same period, so I really ask, why there is such a hype about this EA, even more such illusive description in the readme ("highly profitable, bla bla.."), encouraging to use wider trade periods etc.

I see that no one published statements neither live nor demo, which means that with this EA no one makes profits, as well many "hide" behind technical questions, which is usually a sign of encountering losses, which many are hesitating to admit.

So if there is anybody honestly making profit with this version, please post your set file here (as a txt file, no file sharing necessary), may be with the differences concerning different pairs.

I hope, that a more honest approach to this EA will help the community more instead of praising this version without any provable profits.

Re: FX Genius Robot Discussion

I had an live account managed by a guy, who used this or a similar EA (allegedly his own creation).

After some research we found forex-mmcis.com as a right slave, so I opened an account there.

Using this EA, the account went up from 800$ to about 2200$ within 8 hours.

Guess what happened? In the late afternoon of that day, the account could be logged in for 1 hour, and after that I found it reset to it´s original value. However I didn´t receive and message by the broker, pointing out the practice.

It was useless to try it again, so I withdrew the money and closed the account.

Anyway, such unregulated scam brokers are not recommended for any sort of trading, even manual trading. Broco is the same, keep your hands off!!

I gave a try to a regulated broker FXPulp. They appear to be honest, but after a while they start to requote and delay. Also in their T&Cs they clearly say, that they can implement any measure, when it is deemed to be necessary. However the measures are always made to keep customers from making profits, what a miracle?

I guess searching for a suitable Master/Slave combo is wasted time, since no broker will accept this sort of trading.

Re: Megadroid Pro

Hello,

I got a MD Version 1.21, running EURUSD and USDCHF. Is this version the latest one, thus newer than MD Pro V1.01 or is there a difference? Shall I use the Pro 1.01 instead?

Re: Forex transporter

I had forextransporter trading for 2 days, 2 orders were opened (BUY), after the first order was more than 85 pips in loss, the 2nd was opened. Closed manually both orders now with 0 P/L, to have no open orders during the holidays.

Till now performance is not very impressive.

Let´s wait till new year, when markets have regained their full strength.