Thread: Forex MegaDroid

Do you allready have live accounts? Would be nice to see how it performs on live accounts, you must know demo's are allways a bit optimistic somehow. Specially Alpari is doing very well on demo, where live accounts do a lot less good (but still good though)

Beside this, you cannot really depend on such a short test, to make a definite conclusion on how megadroid performs you should test it at least for three to 4 months.

Just keep us updated, it is nice to see an unbiased review here, where most of the posters here just try to sell copies of something they even dont understand themselves.

Thanks anyways

Lots

Yesterday's only trade on my IBFX account which failed to reach the TP level eventually closed with a small loss. Yet is was far outweighed by today's two new trades both of which closed in profit on all four accounts. Hence, the current situation on my accounts is as follows:

IBFX - balance went up to $3198.86: http://jacobbeasley.mt4stats.com/

Alpari UK - balance went up to $3185.85: http://jacobalpari.mt4stats.com/

FXDD - balance went up to $3151.60: http://jacobfxdd.mt4stats.com/

Forex.com - balance went up to $3118: http://jacobforexcom.mt4stats.com/

How is it going for those of you who are also testing this robot?

Originally Posted by bravehoststamps

I propose to discuss Forex MegaDroid in this thread. A regularly updated live account statement for Forex MegaDroid is available here: http://fxcash.ru/statement.php?id=18

Just FYI: this link which I posted about a month ago is no longer relevant - apparently, it now shows the results for some other EA (not MegaDroid).

The second week of my Forex MegaDroid forward testing is over. The results are as follows (streaming live through the MT4Stats site at the below links):

IBFX - the account balance went up to $3253.46; 9 trades, 8 wins: http://jacobbeasley.mt4stats.com

Alpari UK - the account balance went up to $3190.35; 8 trades, 8 wins: http://jacobalpari.mt4stats.com

FXDD - the account balance went up to $3214.00; 8 trades, 8 wins: http://jacobfxdd.mt4stats.com

Forex.com - the account balance went up to $3178.00; 8 trades, 8 wins: http://jacobforexcom.mt4stats.com

How did it go for those of you who are also using it? Please, share your results with the rest of the community.

I have taken down my Forex.com account because it was a bit of an overload for my VPS (virtual private server). As for MegaDroid, it keeps raking in, both yesterday and today. The situation is now as follows (as a reminder, the initial balances on all accounts were $3000):

IBFX - up to $3361.86; 12 trades, 11 wins: http://jacobbeasley.mt4stats.com/

Alpari UK - up to $3272.19; 11 trades, 11 wins: http://jacobalpari.mt4stats.com/

FXDD - up to $3286.00; 11 trades, 11 wins: http://jacobfxdd.mt4stats.com/

If you got questions, feel free to ask.
Have a nice weekend, everyone!

Just a qucik note to your alpari results.

Alpari seems to suffer from its popularity among Fapturbo/Megadroid users. There demo accounts are way too optimistic, where the demo uses spreads around 3 pips fixed, instant ****ustion with no slippage, the live accounts fluctuate quite a bit between 3 during the day and 5 to 7 during the "asian session".. but more important to know that many fapturbo users experience long waits (like 2 to 5 minutes) before a position is closed, and many requotes as well. Alpari admits these problems and says that this is because of the huge number of Fapturbo users trying to close an order at the same time, causing ques at their servers.

Strange is that on their demo servers there doesnt seem to be a problem, and I am sure there are even more users that are running the demo version..So be aware when starting to use Alpari on a live account, they do not seem to be as good as a few months ago.

back to megadroid, results are OK, but not as good as expected.

Lots

Originally Posted by justlooking

Just a qucik note to your alpari results.

Alpari seems to suffer from its popularity among Fapturbo/Megadroid users. There demo accounts are way too optimistic, where the demo uses spreads around 3 pips fixed, instant ****ustion with no slippage, the live accounts fluctuate quite a bit between 3 during the day and 5 to 7 during the "asian session".. but more important to know that many fapturbo users experience long waits (like 2 to 5 minutes) before a position is closed, and many requotes as well. Alpari admits these problems and says that this is because of the huge number of Fapturbo users trying to close an order at the same time, causing ques at their servers.

Strange is that on their demo servers there doesnt seem to be a problem, and I am sure there are even more users that are running the demo version..So be aware when starting to use Alpari on a live account, they do not seem to be as good as a few months ago.

back to megadroid, results are OK, but not as good as expected.

Lots

Just like with investments, diversification is the key to solving this problem. If you use several brokers, it levels off your risks associated with slippages.

It has now been three weeks since I started testing Forex MegaDroid. The trading was not very active yet profitable as usual. Here are the results:

IBFX - up to $3392.46; 13 trades, 12 wins: http://jacobbeasley.mt4stats.com/

Alpari UK - up to $3272.19; 11 trades, 11 wins: http://jacobalpari.mt4stats.com/

FXDD - up to $3308.50; 12 trades, 12 wins: http://jacobfxdd.mt4stats.com/

Originally Posted by bravehoststamps

Just like with investments, diversification is the key to solving this problem. If you use several brokers, it levels off your risks associated with slippages.

True, but if you have only 500-5000 to start up, it does not make much sense to spread that over more brokers.

So choosing your first and only broker is very important!

Megadroid seems to work, but it doesnt trade much, which could be a good thing BTW.

10% in 3 weeks.. hmm, at least it is a lot better then a normal bank savings account! :D

Lots

I am now through one month of Forex MegaDroid forward testing. Not only it was quite a pleasure to see the robot's profitable trading - I'd say silencing the hysterical critics who were screaming "Get a refund! Now!!" to those that decided to give MegaDroid the benefit of doubt was way more enjoyable :).

So the results are as follows (I was using the safest settings - the conservative strategy at 5% risk):

IBFX - up to $3524.46 from $3000; 17 trades, 16 wins: http://jacobbeasley.mt4stats.com/

Alpari UK - up to $3324.27 from $3000; 13 trades, 13 wins: http://jacobalpari.mt4stats.com/

FXDD - up to $3333.50 from $3000; 13 trades, 13 wins: http://jacobfxdd.mt4stats.com/

I am now going live with this robot and will keep you posted on my further progress.