Hey Ernest, hows it goin. ............................................ .................................................. ................ Ah well, all's fair. I should keep my big mouth shut before I put my foot in it.
I've been running MegaDroid for a few days now, and my results, on a live account, are almost identical to what they show. Yesterday I had an additional trade to theirs, the strategy 2 also picked up a trade that they didnt show. I suspect that they had the aggresive setting turned off.
This robot appears to be a FAPT Scalper clone, with a few extras borrowed from other robots. If you review their posted trades for the past years you will quickly see that it doesnt trade at all hours, as they claimed. It trades in the exact same time window as FAPT. In fact Strategy 1, the more conservative strategy is pretty much identical to FAPT, and the only difference between this and the more aggressive strategy 2 is the
Take Profit level. Strategy 1
takes profit at 5 pips, and strategy 2 takes profit at 15 pips, and these two strategies run simultaneously. Beyond this, I see no grounds for their claims of Artifical Inteligence Algorithms. All their trades are scalper style trades, during the same hours as FAPT. They do not switch from one strategy to anouther depending on market conditions, they simply eliminate the more aggressive, higher profit strategy, at times. And I suspect they do this manualy.
Further, if you review back a few years you will find several instances where they seem to selectively employ their RecoveryMode. In instances where the
EA has taken more than two full losses simultaneously the RecoveryMode is off. In instances where it has only taken one full loss the RecoveryMode is on, and even then there are instances where it placed two simultaneous orders following a major loss, the first at double position size and the second at regular position size. If you tally these two open orders, the total number of lots exceeds the account balance at 100:1 leverage. This is only possible at higher levels of leverage and even then its very questionable.
MegaDroid just seems to be a FAPT clone designed to run on the eurusd pair. It only places one trade per each strategy per night. The only difference between the two strategies is the take profit level, with the higher 15 pip take profit being the more aggressive setting. It doesnt take the small losses that FAPT takes, rather it closes most bad trades at 1 pip profit, therebye maintaining its high win ratio.
And there you have it. Its just a one horse wonder, anouther night scalper. I only does one thing, once per night, at one specific time, on one specific pair. (kind of like an old married couple). Its simply an amalgamation of the best from the best.
Not to complain to hard, it can be a money maker, just beware. To achieve their results they use a 30% risk setting. A couple of full losses at this level can decimate an account. If you run the RecoverMode and double position size after a loss,
Martingale style, it could crush your account even quicker, likewise for using RecuceLots false.
Forex-MegaDroid.com -
04-03-2009, 01:30 AM
04-07-2009, 05:33 AM
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