It amazes me how many people have the time for robot threads that dont believe there can be any profitable robots. The only reason I bother is because the potentials and possibilities are so great. And Megadroid has been forward profitable since the day it came out, and profitable in backtests for many years.
There is a seperate Megadroid thread for all this
Ted,
1. FXCM is a great broker because they are big and financialy stable, but I dont think their platform is the best for scalpers. The spreads varry a lot at times of day and during news which makes running these scalpers difficult. I think they are better suited to slightly longer term swing and trend trading where a consistant spread doesnt matter as much.
2. default settings are ok because MD has simple parameters, but Recovery Mode makes no sense. The odds of winning or lossing dont change after a loss. If it can handle a doubled position size some times, why not all the time?
3. I've never used a VPS. Its a nice idea, but I have an old laptop I run my robots on and have never had a problem that I didnt cause myself.
4. Why two brokers? Run one, or as many as you want. I have one live and three demos accounts running right now. I've run more and less with no problem. I've run multiple instances of MD, or FAP-T, on the same account, simultaneously, with the same or different offsets. I've run as many as thirty or forty different chart windows on one broker testing different settings, and diffferent GMT Offsets, with different magic numbers for each.
Megadroid is a night scalper, a range trader. It detects the range going into its trading hours. It looks for a stable range thats wide enough for its trades and opens orders on either side of the range.
There is a seperate Megadroid thread for all this
Ted,
1. FXCM is a great broker because they are big and financialy stable, but I dont think their platform is the best for scalpers. The spreads varry a lot at times of day and during news which makes running these scalpers difficult. I think they are better suited to slightly longer term swing and trend trading where a consistant spread doesnt matter as much.
2. default settings are ok because MD has simple parameters, but Recovery Mode makes no sense. The odds of winning or lossing dont change after a loss. If it can handle a doubled position size some times, why not all the time?
3. I've never used a VPS. Its a nice idea, but I have an old laptop I run my robots on and have never had a problem that I didnt cause myself.
4. Why two brokers? Run one, or as many as you want. I have one live and three demos accounts running right now. I've run more and less with no problem. I've run multiple instances of MD, or FAP-T, on the same account, simultaneously, with the same or different offsets. I've run as many as thirty or forty different chart windows on one broker testing different settings, and diffferent GMT Offsets, with different magic numbers for each.
Megadroid is a night scalper, a range trader. It detects the range going into its trading hours. It looks for a stable range thats wide enough for its trades and opens orders on either side of the range.