Megadroid??? Scalper ala Fap??

[reinerh]

i am sure a lot of you got that email from them as well.
launch date might already have happened.

it reads to me its another scalper ala fap, since its promoted by them it maybe a improved version.

if it trades during the same time as fap then i am sure a bit sceptical as to its claims.

anybody got any more insights??

happy trading to all.

[chrisandrews12]

i am sure a lot of you got that email from them as well.
launch date might already have happened.

it reads to me its another scalper ala fap, since its promoted by them it maybe a improved version.

if it trades during the same time as fap then i am sure a bit sceptical as to its claims.

anybody got any more insights??

happy trading to all.

yes, I have had the same but they provide no info on pairs, stragies,time frames etc. Also no realtime results. I am intrigued to know more as well

[Miko]

I see you've noticed that the FAPTurbo boys have discovered the REAL secret to making money with 4x Robots -- Affiliate Marketing!

:{(

[limitup]

I caved in. Here we go again.:rolleyes: Have it on MB trading demo.:o

Holy shit!!... the spread keeps fluctuating between 6-10 on the euro/usd (it would of been nice if they included a decimal point)

[limitup]

Be advised that auto GMT function did not work. The the recent time change was not accounted for. Might still be a bit buggy. Note: This might be ploy to hold on to it for fixes until the 60th day.

[animahan]

Thanks to everyone who took a dive and bought this new Forex bot. I am looking forward to seeing your results, as i am curious as to whether this "forex droid" will be a good addition to my Forex experience.

Thanks again :)

Animahan

[Miksa]

I am a bit sceptical since no live statements, demo statements or compete back testing statements are provided, but lets see!good point. and people get used to see such proofs after fapturbo ;)

[chrisandrews12]

I have bought it today and will begin testing tonight. It trades EURUSD H1 only.

It seems to be trading around the clock, no specific times during the day.

I am a bit sceptical since no live statements, demo statements or compete back testing statements are provided, but lets see!

what are the SL, TP and TS, i would imagine the SL is at least 70 pips

[limitup]

what are the SL, TP and TS, i would imagine the SL is at least 70 pips


No way of knowing (it might be better that way)....but you could assume since it scalps that stops should be fairly tight...and most likely the 1hr is just used to determine strat...but, uses smaller time frames to scalp....but, if mkt is trending then it could use a 100 pip stop. The documentation suggest that it could scalp during the U.S. and Euro session...and as we know the any pair can trend in the Asian as well.

[perfectgrim]

the stoploss and take profit will be cracked by tonight. anyone who got past fifth grade math and has this product will figure it out. how optimizable(fake word, go with it) is this system. what controls can users alter? finally can we get an update from people running demos atm:D

[limitup]

Miksa:

Well then... why did version 16 get us out before the trade went bad?

[animahan]

Anyone have any results from the new Forex bot, they would like to share?

Thanks in advance :)

Animahan

[Harre]

Decided to give it a go for fun and to compare with Forex-ai. No trades as yet.

[Craig BC]

Decided to give it a go for fun and to compare with Forex-ai. No trades as yet.

Demo testing it also, but still no trades on 2 different accounts.
It seems to only make a couple of trades a day. So we could be waiting a while.

[limitup]

Decided to give it a go for fun and to compare with Forex-ai. No trades as yet.

same here:confused:

[limitup]

I seem to be getting a error: 1000 in the authenticated section. It seems to correct itself if I reboot. If I make a change this pops up now and then. Has anyone experienced this?

[alan]

People please stop starting non fapturbo or faps related posts in such section...use the "FOREX Brokers, Trading Systems and Trading Utilities"

I am really getting tired of moving posts around lol :p

[reinerh]

I have bought it today and will begin testing tonight. It trades EURUSD H1 only.

It seems to be trading around the clock, no specific times during the day.

I am a bit sceptical since no live statements, demo statements or compete back testing statements are provided, but lets see!


thats interesting, trading the eu usd. i did not expect it to trade on that pair.

small spread, thats the best about this pair.

looking forward hearing results, keep us posted guys.

thx much

reiner

[limitup]

Something not right...I got a error from Megadroid in the journal that said spread exceeded =23 . Maybe it tried to do something. Even though it shows that it knows 5 digits...it could be thinking that the 7 to 12 pip spread is really that and will not trade. Maybe I am wrong...but it should of at least fired off on trade by now since the spread is .7 to 1.2 not 7-12 pips. I have just installed with a 4 digit broker to test that theory.

[limitup]

People please stop starting non fapturbo or faps related posts in such section...use the "FOREX Brokers, Trading Systems and Trading Utilities"

I am really getting tired of moving posts around lol :p

Well, say something.:p I saw you at the webinar. Is their a transcript? I saw nothing. What is your opinion of it?

[reinerh]

People please stop starting non fapturbo or faps related posts in such section...use the "FOREX Brokers, Trading Systems and Trading Utilities"

I am really getting tired of moving posts around lol :p

sorry, my bad.

from what i read i thought it might be a fap offshoot thats why i posted it here.

[limitup]

Oh boy, a trouble ticket on release day.:rolleyes::eek:

[alan]

Guys see this thread on Forex Nirvana:

http://www.forexnirvana.com/showthread.php?t=421

I believe the relevant info is on page 5.

[Miksa]

i've made RiskLevel optimization for attached settings.

$1000 account for 2009 on Alpari demo didn't "quadruple", but was not bad overall ;)

http://img5.imageshack.us/img5/8408/megaxcj.jpg (http://forex-robot.110mb.com/megadroid/)

[Miksa]

Miksa:

Well then... why did version 16 get us out before the trade went bad?sorry, limitup, i don't understand your question :confused:

[limitup]

sorry, limitup, i don't understand your question :confused:

Well, when FAPT first came out (version 16) it did very well getting us out of a trade way before it way south on us....then for some reason latter performance did not work as well (even before the spread increase). Now you have me confused..this might be from a different thread. Let me think.

[clolab]

somwhere on forexpeacearmy i reade that this robot doesn't work as promised.
It seems that FPT guys making more money in affiliate than trading there rotot itselve.
I think there is the same hand behind most of advertised robots on the net...
:(

[animahan]

Thanks for the results, Douglas! Please keep us informed on how well this "Mega Droid" is doing over the next few weeks, so we know whether its a wise investment or just another scam.

Thanks again :)

Animahan

[limitup]

I have been running MageDriod for two nights now. First night no trades. Second night it made two trades, both closed in profit within 15 minutes.

Please check the blog: fapturboguide.blogspot.com

Its traded on the "Alpari Demo Account"

The two EURUSD trades with tickets 43786506 and 43785221 are made by MegaDriod. (Im also trading FAP Turbo on this account).

I did however unintentionally set risk level to 1.0, which is way too high, its now adjusted to 0.2.

Backtesting seems quite good and demo testing is good so far , but live trading could be a different story.


/Doug

Live could be better or worse. Anyway, I am stumped why the second trade of the night was a big loser...when it should of been a winner on demo. Megadroid had a chance to take 10 pips just before the rally. Could it be a latency in my internet connection?..I think it may be.
Here is the trade:
849315 2009.04.01 18:55 sell 19.51 eurusd 1.32492 1.33036 1.31892 2009.04.02 02:21 1.33033 -156.08 0.00 0.00 -10 554.91
:eek:

[Harre]

I'm still waiting for my first trade on both live and demo :-( Haven't seen any funny messages either. Hmm time to restart it perhaps and see if it's stuck somehow.

Hmm, demo could be cause it's a 5 digit broker and spread is not displayed correctly. But live is a 4 digit one so not sure why nothing happens there.

[limitup]

I'm still waiting for my first trade on both live and demo :-( Haven't seen any funny messages either. Hmm time to restart it perhaps and see if it's stuck somehow.

Hmm, demo could be cause it's a 5 digit broker and spread is not displayed correctly. But live is a 4 digit one so not sure why nothing happens there.

I did send a support ticket and their answer is that for example a 1.0 spread equals 10 on a 5 digit broker. That seemed to be a adequate answer...but I kept getting a error spread maxed out at 32 (3.2), when the spread was no more the 2.0 all night.:confused: Nothing happen in 4 digit broker as well in demo. Maybe this EA does not like demo mode only live. Just a thought...most 4 digit brokers will have a slower price feed (since most if not all are bucketshops). Latency must be the key here... and a stand alone consumer internet connection will ping real slow and so this ea will not execute orders because the charts and the the actual price feed are off(in demo)...just a guess.:o

[Miksa]

I...Latency must be the key here... and a stand alone consumer internet connection will ping real slow and so this ea will not execute orders because the charts and the the actual price feed are off...i don't remember "latency" been a show stopper for fapturbo. so i don't see why it should be such a problem for MD.

most issues with fapturbo were about spreads and liquidity. now there is a new buzword "latency" ;)

[limitup]

i don't remember "latency" been a show stopper for fapturbo. so i don't see why it should be such a problem for MD.

most issues with fapturbo were about spreads and liquidity. now there is a new buzword "latency" ;)

Latency is always a issue with any EA...especially a scalper. Ping your live server and compare to a VPS next to your broker or broker's liquidity provider and compare...I'll bet you will shit your pants.;)

In this game you better know how to tweak your internet connection, or it is game over...especially for a ECN broker.

[Harre]

I'll be asking for a refund tomorrow. It refuses to trade a spread of 4 on my live broker (says too high) and not trading with a 1-3 pip spread on demo 5 digit broker.
Rubbish!

[rickd]

I'm with your Harre. My broker has a 2 pip spread and won't trade. Have had 1 trade in 2 days - that was a 15 pip loser.

For all the hype and the e-mails for this 2nd coming of Christ EA from all these peddlers ( at least 5-6 different peddlers including the FAPTurbo Team) I think we have seen the ultimate in hype and scam.

Thank God for Clickbank and their unquestioned refund policy.

[limitup]

I'm thinking the spread is not being read properly. They are supposed to be setting up questions and answers from support.

[Miksa]

i also haven't have any trades for last 2 days on Alpari (using Strategy 1 only, set Aggressive to false)

in backtest (http://www.forexautopilotforum.com/showpost.php?p=20073&postcount=25)it ran ok. and sometimes it didn't trade for a week:
27 2009.01.20 23:05 buy 14 0.59 1.2872 1.2840 1.2882 0.00 1514.11
28 2009.01.21 00:30 close 14 0.59 1.2879 1.2840 1.2882 41.95 1556.06
29 2009.01.27 22:10 buy 15 0.60 1.3176 1.3116 1.3186 0.00 1556.06
30 2009.01.27 23:23 close 15 0.60 1.3179 1.3116 1.3186 18.00 1574.06
so i am not giving up yet, it will be interesting to see if MD can outperform fapturbo with smaller number of trades :cool:

[JillyB]

I had my first trade on MD last night - demo account - for $105.00 profit.

My settings are AutoGMTOffset=false and GMTOffset=2
RiskLevel=0.1
$10,000 demo account traded 0.70 lots and took +13 pips.

[Miksa]

Latency is always a issue with any EA...especially a scalper. Ping your live server and compare to a VPS next to your broker or broker's liquidity provider and compare...I'll bet you will shit your pants.;)

In this game you better know how to tweak your internet connection, or it is game over...especially for a ECN broker.nope. not a big deal. and i didn't see anyone who recently raised any issue with latency (except you.) so maybe you really need to "check your pants and tweak your internet connection" :p

[cd.1963]

So I caved and bought the MegaDroid after being inundated with emails (even my cell phone received a text about the MegaDroid) from the "Guru Club". I'm happy to say that I had 2 successful trades on Wednesday, April 1st, 2009 on my FXDD Demo account and nothing since. But MegaDroid did send me an email explaining that MegaDroid is not programmed to trade in that "quiet phase" that occurs each month just before the Non-Farm Payroll news release (so no trades Thursday) and that it does not trade on Fridays, Sundays or Holidays; so I guess we're waiting until Monday for a possible trade to occur.

The Fapturbo guys will have a discussion including the topic MegaDroid in their FREE MENTORING session on Saturday 4th April at 20:00 GMT is 4pm Eastern US; I won't be able to attend the session but I hope they provide a transcript from this session.

So it's Demo, Demo, Demo this MegaDroid and we'll see how things go.

My collection of expert advisors grows again...

My settings on FXDD Demo, Stealth and Agressive TRUE; GMT Offset 3.0; Slippage 3; Lotsize .1; Risk Level .1; Recovery Mode TRUE; Base Deposit 1000; StepRatio .2; Reduce Lots FALSE. We'll Demo for a month or so and see how she goes...

We do have 60 days to see if this ea works... My Clickbank receipt is just an email away for a refund for me if I deem so... Time will tell...

cd

[Redland]

Okay, if FAPT performed the way it was advertised would there be a need for another EA? Has ANYONE EVER made any consistant money with any of them? I don't get it. I almost fell for the hype again myself, then had to step back and say why. If any of the last three I purchased was making money I wouldn't be interested in a shiny new one. So what makes the shiny new one any different? Why doesn't FAPT work with it's constant "updates"? Maybe its just me.?. Is it?

[dcrowley06]

Okay, if FAPT performed the way it was advertised would there be a need for another EA? Has ANYONE EVER made any consistant money with any of them? I don't get it. I almost fell for the hype again myself, then had to step back and say why. If any of the last three I purchased was making money I wouldn't be interested in a shiny new one. So what makes the shiny new one any different? Why doesn't FAPT work with it's constant "updates"? Maybe its just me.?. Is it?

FAPT truly got killed by the increased spreads during the Asian session. But it worked very well before those increased spreads. On a $4400 account I went down to about $2900 in January and Feb. I just crossed the $5k mark on April 1st... So altogether Since December 1st, I am up about $600 dollars. Not great. But there were some HORRIBLE losses in January. So if there is an EA that trades outside the Asian market and is 95% winner, that is a good thing because it brings back trading during great spreads.

[cd.1963]

dcrowley06,

You're right, FAPT truly got killed by the increased spreads during the Asian session. But it worked very well before those increased spreads.

The first 2 weeks of January were FANTASTIC! Then reality hit... Been trying to recoup my profits since then. Think I just break even since starting FAPT. FXDD spreads just became ridiculously too high to trade. I'm still waiting for FXDD to get back on track, time will tell...

There are some lucky FAPT people who have a good broker and are still finding success with their FAPT so there is hope for FAPT still...

But if there is an EA like MegaDroid that also trades outside the Asian market and is a 95% winner, that is a good thing because it brings back trading during great spreads. Use it as another trading tool in your portfolio, you get to use a currency that FAPT does not trade (EUR/USD). I can even demo it on FXDD! Then I'll move it to my live FXCM account referring broker "The Aslan Group" so I can get my monthly rebate.

I figure the price is right and we can return it within 60 days if we're not happy; so DEMO it for 30 or 60, go live when you're ready and see where you end up...

The backtests showed encouraging results...

cd :)

[Miksa]

But if there is an EA like MegaDroid that trades outside the Asian market and is a 95% winner, that is a good thing because it brings back trading during great spreads. Use it as another trading tool in your portfolio, you get to use a currency that FAPT does not trade (EUR/USD). I can even demo it on FXDD! well, currently MegaDroid trades asian session only, the same as fapturbo.

but MD does trade eurusd which has low spreads and more liquidity. so it could be much easier to find a good broker and avoid wide spreads which kill fapturbo.

[cd.1963]

MegaDroid does not run on Fridays, Sundays and Holidays. So it does start up sometime Monday and runs thru to Thursday. Exact start times and quit times I do not know yet. I'll just spark up my computer late Sunday night and let it run until Friday am...

It probably does run through the Asian market actually, as it supposedly trades throughout the day and night - Monday to Thursday. I think my point was that I was under the impression that it doesn't just exclusively trade during the Asian Market although all my backtests say that's when it only trades... hmmmm..... My first 2 trades happened around noon last Wednesday EDT though. Oops, I had my offset at -3 so that might explain why I got these 2 trades at this time... I've got a ticket in with MegaDroid and asked them to tell me exactly when this ea trades, both in EST and GMT times! And we'll wait for their reply...

This is from their web page: The robot trades randomly throughout the 24 hour trading sessions! One day it might trade at 2 AM, next day at 5PM, the day after at 9AM and so on...

I'll demo on FXDD for now; then move it to a live FXCM account to get my monthly bonus.

Hope this helps...

cd :)

[Miksa]

MegaDroid does not run on Fridays, Sundays and Holidays. So it does start up sometime Monday and runs thru to Thursday. Exact start times and quit times I do not know yet. I'll just spark up my computer late Sunday night and let it run until Friday am...most likely strategy #1 trades between 21 and 23 GMT and #2 between 22 and 23 GMT

[liggy002]

limitup is right about the autoGMT. The function was off in the calculation!! Oh well, I'll have to manually set it for now.

[Miksa]

I'm thinking the spread is not being read properly. They are supposed to be setting up questions and answers from support.yes, this is quite possible if spread in EA is obtained from MarketInfo() call instead of difference between current Ask and Bid.

but this message "Safe spread limit exceeded: spread = " could be just a warning when spread exceeds 3 pip, but it doesn't prevent trading.

[Miksa]

limitup is right about the autoGMT. The function was off in the calculation!! Oh well, I'll have to manually set it for now.strange, it works fine for me on Alpari US: automatic offset 2

http://img187.imageshack.us/img187/8126/imageyme.jpg

[Craig BC]

If you look at the backtests, all the trades are during the asian market.
Nothing else. So if they say that they trade 24 hours, I'd like to see some proof.
Just take a look at the back tests, it is all the same time as fapturbo.

[Harre]

Refund on it's way :-D

[limitup]

yes, this is quite possible if spread in EA is obtained from MarketInfo() call instead of difference between current Ask and Bid.

but this message "Safe spread limit exceeded: spread = " could be just a warning when spread exceeds 3 pip, but it doesn't prevent trading.

I having my doubts that this is a well put together EA. If GMT offset can't be calculated properly all the time, then there is reason to believe that other parts of the code are not working properly. They said that they were going to have a question/answer sent via e-mail and have not done so. I may get in line with Harre:rolleyes:

[Wayne]

If you look at the backtests, all the trades are during the asian market.
Nothing else. So if they say that they trade 24 hours, I'd like to see some proof.
Just take a look at the back tests, it is all the same time as fapturbo.

I also purchased this EA. I have only had one trade (+10 pips) in 3 days. According to an answer from a support ticket the maximum stop loss is "150 pips but is usually different"...kind of a strange answer but hey. The thing I like about it is the MM feature is better than Fapturbo because the percentage risk you set translates to maximum loss you will allow, instead of maximum equity to use per trade like Fapturbo. The main thing I don't like about the EA is most of the claims they make are lies! They claim it trades randomly throughout the trading day but in all actuality it only opens trades from 5-7pm EST (don't take my word for it just look at they're back test results and try and find one trade that opened outside of this time frame going back to 2001). When I submitted a support ticket they kind of sidestepped the question (which as you'll read really annoyed me). Here is the excerpt....

Subject: EA not as described

Ticket Thread
Thu, Apr 2 2009 2:13pm
First off let me say that I'm not a newbie to EA's, I have been using them for quite some time. I have backtested this EA and it does appear to be profitable. I do however have some questions/concerns over the stated selling points and operation of the EA.
First: You advertised the EA as randomly trading 24/5 so brokers could not pinpoint the time the EA runs. According to my testing this EA ONLY OPENS trades during the Asian session from 5pm - 7pm EST (I realize it monitor's the trades past this point while they are open). I have backtested the EA back to 2006 and all trades were opened within this time slot. Can you confirm this is correct and if so why do you advertise this product as opening trades randomly 24/5?
Second: It appears the EA communicates with your sever for activation reasons. What if any personal identifiable information is sent to your server (ie account number, name, balance, etc)? Also are any trade signals initiated from your server to the EA through the DLL file or EX4 file? THis question needs answering because if there is a server problem on your end it can impact the amount of trades or trading decision on my end.
As a final note i'm not interested in all the hype and marketing stuff that goes along with the product, from what I can tell it scalps the EURUSD during two hours of the Asian session. I only care if the product is profitable but I really would like the above questions answered. Thank you.
Fri, Apr 3 2009 6:37pm - George
Hi Wayne,
Thank you for your email.
Your Receipt number is the only thing which is sent to our server. Program's trading frequency doesn't depend on our server.

Our program is trying to work between US and Asian sessions. But it can trade another time if needed market conditions are met.
Fri, Apr 3 2009 6:46pm
Then why, during backtest results (which typically triggers more trades than a live account), are the only trades opened between the above mentioned two hours? It is statistically impossible to have this happen unless it is hard coded to do so.
Sun, Apr 5 2009 4:34pm - Julia
To make backtests you have to set GmtOffset correctly. Note that the GmtOffset for trading and backtests will usually be DIFFERENT. This difference is described in the User Manual on page 63.

Sun, Apr 5 2009 8:36pm
I understand the concept of GMT offsets, I have been testing and writing Expert Advisors for quite some time. I am looking for clarification on exact trading hours. You advertise the product as not limited to a certain trading time and that it randomly opens up trades (obviously based off some form of technical analysis) throughout the trading session. As I said I have backtested back to 2006 (correcting for daylight savings times also) and it has never opened a trade outside of the 5-7pm EST time frame. I have also purposely put very large offsets into the GMT offset to force it to analyze the market at different times (knowing full well the results would be bad) and the trades still only open during the above mentioned time frame. Can you provide me with at least three examples (times) when the EA traded outside of this time frame? I know I appear to be coming across as difficult but your marketing practices appear to be deceptive.
Mon, Apr 6 2009 5:13pm - Elena
Please, look at pages 25-26 and perform the backtest again.
Mon, Apr 6 2009 7:39pm
It would appear as though this EA is just a typical marketing gimmick like most of the other one's on the market. Copies of these responses will be posted to the forums that show you refuse to answer a simple question about the discrepancy in trading time frame compared to what you advertise. Again you advertise how customer service is very inmportant to you but you treat questions like we're morons. So again I will pose the question to you according to your own back test results on your webpage, there have never been trades opened outside of the 5-7pm EST time frame but you advertise this EA as randomly trading throughout different sessions. Please explain the discrepancy or tell me what the exact trading hours are.

[limitup]

I also purchased this EA. I have only had one trade (+10 pips) in 3 days. According to an answer from a support ticket the maximum stop loss is "150 pips but is usually different"...kind of a strange answer but hey. The thing I like about it is the MM feature is better than Fapturbo because the percentage risk you set translates to maximum loss you will allow, instead of maximum equity to use per trade like Fapturbo. The main thing I don't like about the EA is most of the claims they make are lies! They claim it trades randomly throughout the trading day but in all actuality it only opens trades from 5-7pm EST (don't take my word for it just look at they're back test results and try and find one trade that opened outside of this time frame going back to 2001). When I submitted a support ticket they kind of sidestepped the question (which as you'll read really annoyed me). Here is the excerpt....

Subject: EA not as described

Ticket Thread
Thu, Apr 2 2009 2:13pm
First off let me say that I'm not a newbie to EA's, I have been using them for quite some time. I have backtested this EA and it does appear to be profitable. I do however have some questions/concerns over the stated selling points and operation of the EA.
First: You advertised the EA as randomly trading 24/5 so brokers could not pinpoint the time the EA runs. According to my testing this EA ONLY OPENS trades during the Asian session from 5pm - 7pm EST (I realize it monitor's the trades past this point while they are open). I have backtested the EA back to 2006 and all trades were opened within this time slot. Can you confirm this is correct and if so why do you advertise this product as opening trades randomly 24/5?
Second: It appears the EA communicates with your sever for activation reasons. What if any personal identifiable information is sent to your server (ie account number, name, balance, etc)? Also are any trade signals initiated from your server to the EA through the DLL file or EX4 file? THis question needs answering because if there is a server problem on your end it can impact the amount of trades or trading decision on my end.
As a final note i'm not interested in all the hype and marketing stuff that goes along with the product, from what I can tell it scalps the EURUSD during two hours of the Asian session. I only care if the product is profitable but I really would like the above questions answered. Thank you.
Fri, Apr 3 2009 6:37pm - George
Hi Wayne,
Thank you for your email.
Your Receipt number is the only thing which is sent to our server. Program's trading frequency doesn't depend on our server.

Our program is trying to work between US and Asian sessions. But it can trade another time if needed market conditions are met.
Fri, Apr 3 2009 6:46pm
Then why, during backtest results (which typically triggers more trades than a live account), are the only trades opened between the above mentioned two hours? It is statistically impossible to have this happen unless it is hard coded to do so.
Sun, Apr 5 2009 4:34pm - Julia
To make backtests you have to set GmtOffset correctly. Note that the GmtOffset for trading and backtests will usually be DIFFERENT. This difference is described in the User Manual on page 63.

Sun, Apr 5 2009 8:36pm
I understand the concept of GMT offsets, I have been testing and writing Expert Advisors for quite some time. I am looking for clarification on exact trading hours. You advertise the product as not limited to a certain trading time and that it randomly opens up trades (obviously based off some form of technical analysis) throughout the trading session. As I said I have backtested back to 2006 (correcting for daylight savings times also) and it has never opened a trade outside of the 5-7pm EST time frame. I have also purposely put very large offsets into the GMT offset to force it to analyze the market at different times (knowing full well the results would be bad) and the trades still only open during the above mentioned time frame. Can you provide me with at least three examples (times) when the EA traded outside of this time frame? I know I appear to be coming across as difficult but your marketing practices appear to be deceptive.
Mon, Apr 6 2009 5:13pm - Elena
Please, look at pages 25-26 and perform the backtest again.
Mon, Apr 6 2009 7:39pm
It would appear as though this EA is just a typical marketing gimmick like most of the other one's on the market. Copies of these responses will be posted to the forums that show you refuse to answer a simple question about the discrepancy in trading time frame compared to what you advertise. Again you advertise how customer service is very inmportant to you but you treat questions like we're morons. So again I will pose the question to you according to your own back test results on your webpage, there have never been trades opened outside of the 5-7pm EST time frame but you advertise this EA as randomly trading throughout different sessions. Please explain the discrepancy or tell me what the exact trading hours are.

I feel they sidestepped my quest with reguards to the spread to high to trade error when in fact it was low enough to trade.:mad:

[rickd]

I bought this hyped up EA on it's initial offering day. I have had 1 trade in that week for a -52 pips. Whoppie!

I agreee with you Wayne this is all hype and no performance.

BTW - have you been getting mail on this "Semi-automatic EA" to be released tomorrow that will rock the world?

Thank goodness for Clickbank!

[limitup]

All of you guys could better following my soybeans recommendations.:p

[Miksa]

I got first two trades today on Alpari Demo: 10 pips each (+7% with 0.5 risk, changed it to 0.3):

http://miksa.mt4stats.com/

[Wayne]

I had a couple of winning trades last night on FXDD and FXPRO. I no longer need confirmation from their support as I took a sneaky peeky at the code on the internet and it does only trade during those two hours in the asian session. You can actually verify it by looking at the screen. The comment says "Waiting" when out of the session but during those two hours it says "running".

Wayne

[liggy002]

Is anybody here having problems getting it to work on a 5 digit broker? I am. It says "safe spread limit exceeded spread=40. I hope support is going to fix this.

[Wayne]

Is anybody here having problems getting it to work on a 5 digit broker? I am. It says "safe spread limit exceeded spread=40. I hope support is going to fix this.

I am running it on FXPro (5 digit) with no problems. The reason you are getting the error is because your spread is too high. The spread needs to be less than 3 or 2 (haven't figured out which one yet) and yours appears to be 4.

Wayne

[forexample]

Running live on Alpari UK, MD took 3 for 3 this morning my time; combined with my fapturbo trades made 7.5% today (FAPT: EURGBP - 15, EURCHF - 20, MD: EURUSD - 0.2)

No problems so far, backtests look good, only concern is DD can be a lot higher than set (eg 0.2 has a DD of 40% 2008) but I haven't finished backtesting so can't confirm this...they recommend backtesting on forexmeta (apparently GMT doesn't change here like IBFX so maybe results are more accurate). All good so far though. Interesting thing is unlike fap turbo where my trades differ wildly from friends all our trades are exactly the same.

[Miksa]

It says "safe spread limit exceeded spread=40. I hope support is going to fix this.this was just a notice that spread 4 (40 for 5 digits) was higher than safe spread 3 pips. it has no impact on trading. so i wouldn't expect that support "is going to fix this."

[liggy002]

Ah, so the megadroid will trade with a 3 pip spread. OK, since my broker is 3 pips on EUR/USD I should be safe. I haven't gotten a trade in 2 days though. According to them, though, that's normal. But my demo is 2 pips so the spread shouldn't be an issue there.

I was also running forex megadroid on MB Trading- that's where I got the error 40 spread message. Being an ECN with its spread fluctuation, well you all know how that goes...

[limitup]

Ah, so the megadroid will trade with a 3 pip spread. OK, since my broker is 3 pips on EUR/USD I should be safe. I haven't gotten a trade in 2 days though. According to them, though, that's normal. But my demo is 2 pips so the spread shouldn't be an issue there.

I was also running forex megadroid on MB Trading- that's where I got the error 40 spread message. Being an ECN with its spread fluctuation, well you all know how that goes...

I have been running on MBTrading as well...but no trades yet. I think there is a bug with its use at MB trading. I had 3 winning trades on ATC last night but none with MB trading...and mb trading has tight spreads than ATC:rolleyes: The speed of the feed might be the issue. FxPro has a slower feed, so maybe it can adjust for fire a lot more easier there (just a guess). I sent a trouble ticket just now with respect to what I just said. We will see...

Has anybody seen the question/answer list yet that was suppose to be sent via e-mail?, and has anyone seen the complete webinar?

[Bobkat30]

Hi Guys,
I'm Bobkat From Australia Here,
This My First Post On Here.
I Have Used Megadroid For Just Over A Week,
I Also Have FAPT.
It Has Made 12 out of 12 Trades On A Alpari UK Demo Account,
Running At 3.63% ROI On A $10,000 Demo,
Not Bad Not Great,
Though %14 Per Month Is OK.
Running On 3 Charts With Conservative,
Medium & High Profit Settings For Each Window.
I Agree It Seem's To Be A 1 Trick Pony.
I Have Backtested It On The Alpari Demo & Not Good Results.
If I'm not Impressed After A Month I'll Get A Refund From Clickbank.
And Maybe Get Automated Forex Grail.
It Has Been Getting Great Results On Forex Peace Army's Testing.
Someone Asked If This Works On 5 Digit Platforms, Yes It Does.
I Have'nt Given Up On FAPT Yet,
Version 37 Seems A Lot Better Than 36,
They Seem To Have Done Something With The Stop Loss,
& Losses Are Much Smaller Now - GOOD.
I Can't Say The Same About Megadroid,
It Has A Big Stop Loss, So You CAN gET Hurt,
You Need A High Win Ratio To Be Profitable.
Time Will Tell If This is Real,
Or Another Load Of Sugar Coated Fluff.

[Miksa]

I think there is a bug with its use at MB trading. I had 3 winning trades on ATC last night but none with MB trading...that's right. Current version of MegaDroid uses Instant orders with TP/SL. So it won't work on any ECN-like broker (like MBT or Broco) which only supports Market orders where TP and SL are prohibited.

[Miksa]

Good news - New Megadroid v1.10 will work with ECN brokers:
...Version 1.10 of Forex MegaDroid is ready for release - we are simply finishing the updates to the manual before making it available. We are working through the weekend so, if all goes to plan, you will be able to download it on Sunday or Monday. We will email you as soon as the files have been uploaded so you will not miss out.

From a user perspective, the new version will be highly informative - the old "Waiting" & "Running" messages have been replaced by a whole sequence of comments which explain what is happening as the robot is running.

In addition, users who have accounts with ECN brokers will find that the robot is now able to place trades... unfortunately, connecting with ECN brokers requires significantly different logic in the trade placement code which we have now implemented - our apologies for overlooking that issue in the initial release.

Finally, we have overcome the instances of "error 1000" for those who were experiencing it and we have removed some unnecessary settings from the Inputs list to reduce confusion...

[limitup]

Good news - New Megadroid v1.10 will work with ECN brokers:


...not sure if i'm so convinced that the steep SL is worth it...but if traded with mini you might be able to survive. It's going to be a long time before this robot gets any discernible trust.

[cd.1963]

MegaDroid Forum

is at forexmegadroidforum dot com

cd

[makeprofitonly]

I have send a support ticket to megadroid:

Dear support,

I saw the 2009 report in your websales is not real time. Is it a backtest? Why don't you put some money to forward test?

Iam sorry, but i still can not get the result as great as you have.

Example:
Today april 20 i have not any trade open in my alpari live in the last 24 hours. But today i did a backtest for the last 24 hours and i got 2 trades.

1. Why i got different result?

2. Do i need to change slippage from 3 to 30 since i have 5 digits brokerage?

3. What setting used on your websales?

Thank you.

===============================


Let see what their answer is..
Will back later.

[Miksa]

The robot turned $ 1,000 into $ 20,000 in 10 months. This is phenomenal return on the money. i also have great results with MD: 34% in 1.5 month with 30% risk, 100% wins.

but i think that turning 1k into 20k would overextend this EA as it requires too much risk and leads to a big draw down.