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Originally Posted by pipsbuster
That's exactly the advantage.
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But, I've still never heard of them, and I dont think thats an advantage!
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Originally Posted by pipsbuster
Raising the spread on EU is suicidal for a broker, given how intense the competition among them is. Simply put, it's just not worth it - to lose thousands of loyal customers rather than losing a small chunk of cash to MegaDroid's users.
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That was not a serious consideration.
Quote:
Originally Posted by pipsbuster
As for the advertising, I never pay much attention to it. All that matters in the end to me is how good the quality of the actual product is, not how good their ads are.
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Which advertising are we refering to. I do believe that the levels of honesty in these peoples ad copy reveals something about their integrity. For example: When the MegaDroid copy blatantly claims it doesnt trade in one specific time, like anouther oversold robot does, then we find out it does exactly that, with an even tighter window. That tells us some thing about the intentions of the people selling the system. When they make big claims to RCPT and Artificial Intelligence programing, multi market, able to trade any market conditions with different strategies, and it becomes obvious that its just a FAP-T clone, with two different TP and SL settings. This should raise some alarms.
Yes, the robot is profitable so far. But, its only been one week of forward testing. They have offered no forward or live testing results, just the usual backtesting, which we all know is highly questionable.
Quote:
Originally Posted by pipsbuster
I agree there are similarities between MegaDroid and FAP-T. However, MegaDroid seems to be trading safer - probably, due to some better filtering in place.
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Yes, there are obvious similarities. Its almost identical. This is something we've been asking the FAP-T team for for months. The eurusd may not be as quiet as the European pairs during this time period, but it is the most liquid, and has the tightest spread, at any time, on any broker. It just makes sense to try to scalp it, (as in
scalping the range, not the spread).
MegaDroid does seem a bit better. There are some new features I definately like, and FAP-T hasnt been performing as well as it did in the begining. But, FAP-T has one of the best funded and hardest working development teams I've seen. I bet you that the features you see and like here, you will soon see there. In fact, I will personaly hound them until they do incorporate these features.
And believe me, they do listen. They opened the Scalpers user adjustable parameters after we repeatedly asked. And I recieved an e-mail from FAP-T Mike this week thanking me for defending his product on this forum and letting me know that they listened to my repeated requests to allow the users the ability to move the long term
EA onto other time frames.
All they have to do is copy some of the new features in MegaDroid, thats how the MegaDroid team got them in the first place, these people arent inovators at all, everything in this robot is copied from anouther robot. Its just an amalgamation of pieces. All FAP-T has to do is copy the best features and add a few of the more liquid currencies to its stable.
But, honestly, I think they are all part of the same team, and the idea was to sell us anouther robot.
Quote:
Originally Posted by pipsbuster
Back to the robot. My pain-in-the-butt VPS had some glitches on Tuesday, so no trades were made on that day. Now everything seems to be back to normal; the robot took one small profitable trade on Wednesday. Once there's more trades, I'll post the screenshot.
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No need to post screen shots, or copies of your statements, and above all no "cut and paste" from backtesting results. We all have access to the same raw data, if we own the robot. If not we can just check the manufacurers web site, they post the days trades right there, as well as the past few years worth of backtesting results.
My MegaDroid took 3 trades last night, all on strategy 1, the more conservative 10 pip strategy. The first two were successful at 10 pip TP, the third closed for 1 pip profit. This is something FAP-T will now have to incorporate. Closing seemingly bad trades for a slight profit when they go over a time limit, rather than a slight loss as they now do.
The MegaDroid team show two trades last night, one successful from the 15 pip strategy, and one failed, 1 pip gain, from the 10 pip strategy.
In spite of any negative comments I might make, this is the only robot I'm running on a live account right now. I like FAP-T, the design, the trading style, and the time it trades, but I dont like the pairs it trades, and I definately dont like the current spreads on those pairs.
I like these two robots because I dont have to run them 24 hrs a day. I have them on my personal computer, and I do my things during the day, like attempt to day trade, and study the markets, and vent my opinions on the FPA forum, in that order. I wont even turn these robots on untill I go to pick my son up from school. These robots wont do anything untill 4:00 ET anyway.
04-09-2009, 10:44 AM
Linear Mode
