NEW Megadroid N1

[dinj]

I'm just kidding, there is no new megadroid. It is already awesome as it is, BUT:

 

Even though Megadroid has been for quite some time one of the few robots (if not the only one) that has been REALLY steadly profitable, it still gets the ocasional stoploss, most oftenly caused by NEWS.

 

As I personally believe Megadroid to be the best robot in the present, and as I have wasted loads of time trying to improve mediocre robots, all in vain, I thought about doing it for Megadroid.

 

FIRST of all: Advanced Droid Tactics worked for a while for me, but then it got into a spiral, losing most of my account. I don't know if the new version works steadily, but I'm giving it a break for a while.

 

SECOND: Why would you set the Aggressive mode to True if it's not worth it, or why would you set it to false if it's totally worth it? What about Recovery Mode?

Well, I did an extensive 10 years backtest using constant lot comparing the aggressive function. The results?

105% more profit at only a 7% increase of long term risk. That's all there is to know. In other words, set your Aggressive mode on.

What about Recovery Mode? Recovery mode is a function that doubles the lot size of the trades until all the loss of a past stoploss/loss has been covered. That's in average 4 trades but sometimes it might be up to 14 or even more. Is it worth it? Definitely NOT. Using Recovery Mode is the same as using martingale on Megadroid, but only at one level. As you know, martingale doesn't work because by increasing the risk, it not only increases the profit but also the risk and losses. But is it worth it? Still not. After deep backtesting and analylis, all I can say is:

- If you're using Recovery Mode and are comfortable and happy with the risk you're incurring, then turn it off and increase the lot size by 60% and expect a profit increase between 15 and 30%, while keeping the same risk.

 

THIRD: The news. Not all of the Megadroid losses are caused by news, but some are. There was a time that I turned it off when high impact news were coming, but that just became very botherful, mostly when I had other robots with it. So it was about time someone created a version of Megadroid that could avoid news. As I couldn't find one for a lot of time, I created one myself, and here it is:

http://www.multiupload.com/0LNLY2KEPD

I called it Megadroid N1. N because of the News Filter and 1 because it's the first version of it. But all it is is:

 

There are two versions:

-One is the latest Megadroid v1.21 educated and the other one is Megadroid Pro v1.01ee, both versions from this forum.

 

The new parameters are pretty simple. Either you set it to avoid news or not. If you do, then you can choose if you want to avoid high impact news and/or medium impact news and/or low impact news. Then you set the time in minutes that you don't want to trade since the latest news of a choosen impact and the time in minutes until the next news of a choosen impact. By default I set those values of minutes that you will see as predefined, but make your own judgement, and if you think you know good settings, please suggest them here.

 

This new version gets the news from an indicator that is on that zip file and that you will have to position on your meta trader indicators folder. That indicator is FFCAL, I think it originated on the forexfactory forum and it downloads all the following news from forexfactory calendar aroud every 6 hours. The EA updates its newsfilter state once per minute, so when you first set it up, expect it to take up to 1 minute to be fully working. About the news it avoids, it avoids the news related to the pair you are trading. If you have it on USDCHF, it will avoid news of those two currencies.

 

I also incorporated on it something that tells you if it is not trading because of news. You will notice on the chart, along with all the other useful information, that it says "Not trading! Avoiding news". Once again, this will take up to 1 minute if you set it for the first time or change the EA parameters.

 

What more, I can't backtest it with past news, but I forward tested it a couple times for some minutes to see if it was doing it's job and it seems to be. Give it a try and post your results, if it works alright with you, and any sugestions you might have.

[rex68]

amazing work dude! by the way, this is set to avoid trading after major news rite? Please correct me if i'm misunderstanding. Edited June 16, 2010 by rex68

[ryujeans]

There are two versions:

-One is the latest Megadroid v1.21 educated and the other one is Megadroid Pro v1.01ee, both versions from this forum.

Impressive efforts, indeed! Would you please be able to modify bbrain's great MegaDroidPro_bbr_v08 also for those who prefer NoDLL version of MDPro?

 

hxxp://sharebeeDOTcom/c11adb6e

 

Thank you very much in advance!

[dinj]

ryujeans:

 

Here it is the bbrain's version modded.

http://www.multiupload.com/N92S1RBF53

I just did originally on the dll version because it is more recent and you can use the forced strategy on other pairs that are not the original. I know that on bbrain version there was updates to make the strategy the same that on the 1.21 but I don't know which one is better.

 

rex68:

 

yeah, also. You can choose not to trade after major, medium or minor news and also before them.

[fatherloko]

awesome contribution dude. thanks so much.

what currency pairs have people found most profitable?

[halcyonn]

and currency times?

[⭐ flathon]

Thanks so much.

[junglist00]

its been a while since i've used megadroid, however from my understand it trades in Asian session. Theoretically news affecting pair would be after trade is complete London/US session. Please explain logic further. Excellent work.

[ryujeans]

I just did originally on the dll version because it is more recent and you can use the forced strategy on other pairs that are not the original. I know that on bbrain version there was updates to make the strategy the same that on the 1.21 but I don't know which one is better.

 

Thanks a million! IMHO, your modification can be bettered by the original versions only.

 

By the way, I was wondering if the addition of time management aqdopted on DragonPips Ultimate v2.02 by Phoenix48, could be beneficial to MegaDroid trades, i.e., close all trades by 23:55 GMT., etc?

 

DragonPips Ultimate v2.02:

 

hxxp://www.megauploadDOTcom/?d=LNAUFMN5

[awsl]

 

As I personally believe Megadroid to be the best robot in the present, and as I have wasted loads of time trying to improve mediocre robots, all in vain, I thought about doing it for Megadroid.

 

 

Hi Dinj,

 

There is one EA-Primeval which has good returns for some currency pairs, would you consider looking into improving this?

[vikram88]

Hi

I am getting good results on EURUSD Logic 11

I am also trading Night Fox Live it would be nice if someone could add this Filter for me

Thanks

[dinj]

Hi Dinj,

 

There is one EA-Primeval which has good returns for some currency pairs, would you consider looking into improving this?

 

Hi awsl, and others

 

It seems that there have been suggestions about making this same but for other EAs. I wouldn't mind doing it, but as it takes quite some time to do it, I'd rather do it only to worthy EAs, and I would need your help to decide.

 

Not to make this thread about something else, I will create another one where we can discuss about good eas and I will post my experience with many many eas. Hoppefully it will be helpfull.

[taipan]

Hi awsl, and others

 

It seems that there have been suggestions about making this same but for other EAs. I wouldn't mind doing it, but as it takes quite some time to do it, I'd rather do it only to worthy EAs, and I would need your help to decide.

 

Not to make this thread about something else, I will create another one where we can discuss about good eas and I will post my experience with many many eas. Hoppefully it will be helpfull.

 

dinj, you have done a good work on megadroids and i fully support vikram88 to done modification on Nightfox and primeval ea. I have done some demo testing on it and sometimes having good result on EU (more than 100% per month) but sometimes Nightfox burst my demo account as well. We need to build some good logic to it so that it can be traded profitably.

[pinoccio]

Dinj. What a wonderful work..

 

Just one comment. Is it possible to combine your coding with the Megadroid XE. The feature of continuous operation (by adjusting all GMT settings) is desirable (at least for me) and is working very well on my live account..

 

Just wondering.

[dinj]

I'm not sure which one is the XE. The 1.01ee that i posted in the beginning and i think bbrain also, those you can modify the trading times. I don't know if it's the same. Using continuous operation is independent of the news filter. All the news filter does is ask the indicator how much time is left or passed from the next or previous news and turn off the trading when that happens.

Did i answer your question?

[rex68]

Hi Dinj,

 

May I know what are your S1 & S2 trading hours since you have aggressive turned on?

 

Please advise.

 

TQ.

[dinj]

Hi Dinj,

 

May I know what are your S1 & S2 trading hours since you have aggressive turned on?

 

Please advise.

 

TQ.

 

It's hard to tell as I use the one where you can't change the times, so i use default times. But, by experience and backtesting, both S1 and S2 seem to open trades only between 21 and 23 gmt.

 

Edit: Also, I can't seem to find the trading times on the code at a first glance. It's probably not just simple coded.

[patheway]

Would someone kindly post the 2 metadroid that Dinj has modified and setfile.

 

Thank you very much

patheway

[Guest FinalNotice]

Using the default settings with the news filter enabled will only render it useless as it naturally doesn't open much trades.

 

Furthermore, 21:00 to 23:00 GMT is always the news time zone which could end up with no trade if you avoid.

 

Backtest result doesn't look good when trading time filter is disabled (21-23 GMT) or even with news filter enabled which make me conclude that this EA probably needs to be optimized else it's useless even with the news filter.

 

Look at the time of losses and probably you will agree with me. Below is Forex Factory "news.xml" from Jan - May 30 2010 if you want to backtest. Just move the node <country> to the first position before backtest.

 

http://www.mediafire.com/?mimn0j3mteg

Edited June 19, 2010 by FinalNotice

[dinj]

Using the default settings with the news filter enabled will only render it useless as it naturally doesn't open much trades.

 

Furthermore, 21:00 to 23:00 GMT is always the news time zone which could end up with no trade if you avoid.

 

Backtest result doesn't look good when trading time filter is disabled (21-23 GMT) or even with news filter enabled which make me conclude that this EA probably needs to be optimized else it's useless even with the news filter.

 

Look at the time of losses and probably you will agree with me. Below is Forex Factory "news.xml" from Jan - May 30 2010 if you want to backtest. Just move the node <country> to the first position before backtest.

 

http://www.mediafire.com/?mimn0j3mteg

 

That's not possible. The news filter doesn't work in backtest. I put a if(!IsTesting()) before the whole thing so that it wouldn't give weird backtests, as I didn't know that you could download news from the past. The EAs that I modified are supposed to work exactly as the original in backtest. If you wanna test the news filter in the backtest take out that condition from the code.

 

Also, as far as I know, I think that there only is dangerous news for a megadroid pair about 2-4 times a month.

Edited June 19, 2010 by dinj

[Guest FinalNotice]

That's not possible. The news filter doesn't work in backtest. I put a if(!IsTesting()) before the whole thing so that it wouldn't give weird backtests, as I didn't know that you could download news from the past. The EAs that I modified are supposed to work exactly as the original in backtest. If you wanna test the news filter in the backtest take out that condition from the code..

 

The news filter definitely can work in backtest & I'm using my mod version that extract news on my local PC instead of Forex Factory website so I'm not aware of any modification you did.

 

Truth is I didn't even test any of your files as I already tested & gave up on Megadroid long ago.

 

Also, as far as I know, I think that there only is dangerous news for a megadroid pair about 2-4 times a month.

What I'm trying to say is Megadroid, given the default setting, perform better without news filter. Most of it's losses are not around the news period if you look carefully. Like said, not all robots are worthy of news filter.

[dinj]

Well, if you had made a megadroid version with a news filter already some time ago, it's too bad you didn't share it here before, as all of us would have appreciate it.

But again, it seems you just created an account here just to say that megadroid with news filter is not worth it. Well, it's not for me to judge, but I'll give it a try for some time and if it's not worth it like you said, then i will run it like normal that has been pretty nice to me. Regards

[chimera123]

I really don´t wanna bother you but do you think you can make those changes to "bbr_v11" as well?

thanks a lot!!

[chimera123]

Just to confirm: If I want to avoid news 10 hours before they are announced and would like to resume trading 10 hours afterwards, both parameters need to be set to 600.

 

correct?

 

thanks!

[noziggity81]

Where is theozaki? He is the expert on the news filtering method, I think he would be most able to assist in creating some set files for this modded megadroid that dinj was so kind to work on. I think i speak for everyone here (that matters, anyway) in saying that we are extremely grateful to you for the work you've done.

 

P.S. There is a version 1.2 XE that I think the individual in the previous post was refering to. It is available on the board somewhere, and it allows the Droid Tactics method because it has flexible GMT. I wish I could find a copy to upload, but im not very good at doing that. I can try to PM it to you though, unless someone else can post a link to the Megadroid Pro XE 1.2 so dinj can mod that one as well. (?)

 

P.S.S. The post above mine (by chimera123) re: the 10 hour before/after setting is really important, I want to second his question... since that is the method theozaki advocates. Is what chimera123 suggested correct, dinj, for the settings of the mod?

Edited June 20, 2010 by noziggity81
P.S.S. Added