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Discuss Forex-MegaDroid.com
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General discussions of a financial company
Dirk58
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Hi John
at this moment MD is still in the trade at 1.2614 so t looks like you done well to close. Anyway he stll done a great job over the last month so if he makes a bad trade, ok, that´s traders life.
I´m glad to stick to Ken´s settings because 1 trade is enough for this wild ride.
at this moment MD is still in the trade at 1.2614 so t looks like you done well to close. Anyway he stll done a great job over the last month so if he makes a bad trade, ok, that´s traders life.
I´m glad to stick to Ken´s settings because 1 trade is enough for this wild ride.
Dirk58
Sergeant
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closed the trade
with - 44pips
ok, as we said before there will be a loss sooner or later, here it is. Bad thing but we will now see how the new version is recovering and this is ok for getting more confidence with this one as we had before with vers. 1.21....
always good trading
with - 44pips
ok, as we said before there will be a loss sooner or later, here it is. Bad thing but we will now see how the new version is recovering and this is ok for getting more confidence with this one as we had before with vers. 1.21....
always good trading
First Impression
Megadroid 1.30 sucks.
1.21, on my live FXDD account, opened trade long at 1.2644, and closed at 1.2645, for a 1 pip gain.
1.30, on an FXDD demo, opened same trade at 1.2662, and closed at 1.261, for a 44 pip loss.
1.30, on an FXCM demo, opened same trade at 1.26503, and closed at 1.26493, for a 1 pip loss.
1.21 traded as expected. 1.30 failed to perform as expected. There is obviously something different with this program that is out of our control. This is one problem when relying on an EA that someone else has final control of, every update has the potential to be a different EA, and needs to be tested and confirmed before trusting on a live account. Megadroid has been a reliable EA, but something has been changed and it is no longer exactly the same. I would suggest being careful until you have thoroughly tested this version and are sure it can perform as well. I would also suggest writing to Megadroid.com with your complaints and posting them visably on any forum you have access to. This will be noticed and will effect any potential new sales. Hopefully they will respond by fixing the problems they have created. It is quite irresposible of them to issue an update with this kind of change without thoroughly testing it and alerting current users of any changes.
I have no idea how much longer v1.21 will continue to work. It is not mentioned anywhere on their web site, and I have not recieved any corespondence from them, but I will continue to use it and test v1.30 side by side as long as it does run. Perhaps I am wrong and the new version is better. We will see with time.
Megadroid 1.30 sucks.
1.21, on my live FXDD account, opened trade long at 1.2644, and closed at 1.2645, for a 1 pip gain.
1.30, on an FXDD demo, opened same trade at 1.2662, and closed at 1.261, for a 44 pip loss.
1.30, on an FXCM demo, opened same trade at 1.26503, and closed at 1.26493, for a 1 pip loss.
1.21 traded as expected. 1.30 failed to perform as expected. There is obviously something different with this program that is out of our control. This is one problem when relying on an EA that someone else has final control of, every update has the potential to be a different EA, and needs to be tested and confirmed before trusting on a live account. Megadroid has been a reliable EA, but something has been changed and it is no longer exactly the same. I would suggest being careful until you have thoroughly tested this version and are sure it can perform as well. I would also suggest writing to Megadroid.com with your complaints and posting them visably on any forum you have access to. This will be noticed and will effect any potential new sales. Hopefully they will respond by fixing the problems they have created. It is quite irresposible of them to issue an update with this kind of change without thoroughly testing it and alerting current users of any changes.
I have no idea how much longer v1.21 will continue to work. It is not mentioned anywhere on their web site, and I have not recieved any corespondence from them, but I will continue to use it and test v1.30 side by side as long as it does run. Perhaps I am wrong and the new version is better. We will see with time.
Dirk58
Sergeant
- Messages
- 435
Thanks Ken
looks like they changed MDs behaviour of closing trades when he went into red reaching during this the break even level. So goin for plus pips no matter how much it will cost and no closing before this or reaching the S/L.
We only can watch this and hopefuly market will go in his trading direction most of the time - and - put our risk level to a lower lower one....
looks like they changed MDs behaviour of closing trades when he went into red reaching during this the break even level. So goin for plus pips no matter how much it will cost and no closing before this or reaching the S/L.
We only can watch this and hopefuly market will go in his trading direction most of the time - and - put our risk level to a lower lower one....
Thanks Ken Did not know 1.21 was still working. Im going back as well. Last night wiped out all my gains and then some for the past three months. Very disheartening to say the least.
The thing that concerns me is that there was a recovery around 2AM ET that would have cut my losses to about 2-4 PIPs and MD did not take it instead riding it down to the SL. It seemed to me that as MD approached 8:00PM ET MD 1.21 would take the best it could get and get out.
Also interesting, my FXDD demo account stopped out at 1.2628, while other live brokers stopped out at 1.2617. Wassup with that.
The thing that concerns me is that there was a recovery around 2AM ET that would have cut my losses to about 2-4 PIPs and MD did not take it instead riding it down to the SL. It seemed to me that as MD approached 8:00PM ET MD 1.21 would take the best it could get and get out.
Also interesting, my FXDD demo account stopped out at 1.2628, while other live brokers stopped out at 1.2617. Wassup with that.
Response from MD support
Our customer support team has replied to your support request (ticket # 111196)
The common mistake of some traders is expecting every day or week to be a winner. However in reality you cant compare the trading weeks. Forex market is always changing. You can have a great week and losing week. That is totally normal. The idea is to win in a long run. That's why you need to estimate the strategy performance during the long period of time such as a month or two, not a day or a week. Just leave the new version running and you will see the results.
Our customer support team has replied to your support request (ticket # 111196)
The common mistake of some traders is expecting every day or week to be a winner. However in reality you cant compare the trading weeks. Forex market is always changing. You can have a great week and losing week. That is totally normal. The idea is to win in a long run. That's why you need to estimate the strategy performance during the long period of time such as a month or two, not a day or a week. Just leave the new version running and you will see the results.
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