Quote:
Originally Posted by pipsbuster
Which broker are you using? I have explored info about Forex MegaDroid on many forums - people are reporting profits, yet the figures vary depending on a broker, even if the deposit amounts are the same. Hence, I am really trying to find out which broker suits Forex MegaDroid best. At one point, I thought it would be IBFX, yet another Forex MegaDroid user pointed me to GoMarkets which has a 1-pip spread on EUR/USD and therefore beats all other brokers with this EA. |
FXDD for now, both demo and live. I droped ForexMeta months ago, and recently blewup my FxPro demo trying to run FAPS across every time frame with multiple positions on each. Needless to say, the market turned and I got the margin call. I've been intending to check out Alpari next, they seem to have better results running FAP-T, the spreads are a little lower on those pairs.
Does this really work any better on GoMarkets with a 1 pip spread? The TP and SL levels are going to be the same. The only thing I would think is that if the trade closed faster it might be able to take a second trade. Otherwise, I've never heard of them.
FXDD's spread on the eurusd is pretty much constant at 2 pips. We'll see, if this robot starts making money like FAP-T did maybe they'll raise the spread on the eurusd as well.
My only complaints so far are the dishonesty I detect from their advertising. They claimed straightforward that this robot did not trade in one specific time frame, and they alleged to the FAP-T's broker problems. But, this robot trades in the exact same time frame, and in an even tighter window than FAP-T. Second, they also made big claims to RCPT Artificial Intelligence Allgorithims, multiple market capabilities, and 2 different trading strategies. This doesnt seem to be true at all. This is a simple FAP-T Scalper clone that runs on the eurusd, nothing more. The two strategies are identical, other than the TP levels.
Otherwise this works as a scalper. The same way FAP-T did, or does, it still works, but its shown its weaknesses. They're both very accurate, but when they take losses they can be huge.
This appears to be anouther good
EA that can pay for itself and some extras. I'm sure there will be some problems, especialy when people overleverage, trying to meet the robots claims, and take a big hit.. The RecoveryMode and ReduceLots false are very dangerous to use when overleveraged. However, if conservatively leveraged at the preset 5% they should work fine, the robot rarely takes consecutive hits, but with a highly leveraged account its too much of a risk.
They dont have all the user adjustable parameters that FAP-T does. I suspect that they did this to keep things simple. Also, if they did put them out there common people would easily realize that this is just a clone of FAP-T and raise all hell.
04-07-2009, 08:37 PM
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