What Happened to Megadroid Last Night? - Page 2

Miksa · #11 05-23-2009, 08:03 PM

Quote:

Originally Posted by xixkko

THIS MEGADROIT ROBOT SUPPOSES TO WORK IN ALL KINDS OF MARKETS BUT A LOT OF US ARE LOSING GREAT AMOUNTS OF MONEY...MY GAINS WERE WIPED OUT PLUS PART OF MY ACCOUNT...TERRIBLE THURSDAY...

NOW, THE QUESTION IS? IS THIS A GOOD ROBOT? OR JUST ONE MORE OF THOSE...

even the best EA in the world can eventually hit a stop loss or even a few in a row.

imho, it is responsibility of a trader not to trade aggressively and set risk per trade properly to avoid margin call and not lose more than he can tolerate.

so far MD was profitable for me (about 30%), last loss -6.9% (see details below.)

AngelSpike · #12 05-24-2009, 12:37 AM

I agree with Miksa. Even the best trading system will sometime or the other hit a stop loss. If a system has 90% accuracy, it means it will have about 90:10 win-loss ratio out of a 100 trades. So, even if the robot lost 10 trades straight in a row after a streak of 90 wins, it does not mean you can brand it as a scam just yet.

Btw, miksa.. what is your risk percentage? 6.9% I suppose?

Miksa · #13 05-24-2009, 01:24 AM

Quote:

Originally Posted by AngelSpike

Btw, miksa.. what is your risk percentage? 6.9% I suppose?

hi AngelSpike, i set risk level in MD to 0.3. i think its trailing stop reduced total risk to 6.9%.

moneydream · #14 05-24-2009, 07:43 AM

Well a great robot must have a great money management too.

I set the Risk Level at 0.3 too. It is working great for me so far even though I also get hit by the lost (hitting SL) by Thursday.

tetrahedron · #15 05-25-2009, 05:57 AM

Quote:

Originally Posted by Douglas

Timothy Geithner spoke yesterday at the House Financial Subcommittee after that the USD lost ground against many currencies. So I guess the poor performance by Megadroid last night was related to turbulence at the markets.

On Thursday 21st, Geithner's announcement was at 14.00GMT, whereas the MegaDroid trade started at 23.58GMT. Am I missing something, or is there a long cause-and-effect cycle operating here?

Miksa · #16 05-25-2009, 12:51 PM

Quote:

Originally Posted by tetrahedron

On Thursday 21st, Geithner's announcement was at 14.00GMT, whereas the MegaDroid trade started at 23.58GMT.

some explanation for unexpected move can usually be found after the fact, but not before. and no one really knows if it was the real cause

in one book this was demonstrated by how news agencies found the reason for stocks to rise when Saddam was caught. and then the same reason was used to explain why stocks felt later the same day

Craig BC · #17 05-25-2009, 09:53 PM

Quote:

Originally Posted by xixkko

HI EVERYONE

THIS MEGADROIT ROBOT SUPPOSES TO WORK IN ALL KINDS OF MARKETS
BUT A LOT OF US ARE LOSING GREAT AMOUNTS OF MONEY...MY GAINS WERE WIPED OUT PLUS PART OF MY ACCOUNT...TERRIBLE THURSDAY...

NOW, THE QUESTION IS? IS THIS A GOOD ROBOT? OR JUST ONE MORE OF THOSE...THE OWNERS TELL US GREAT STORIES ABOUT IT BUT WHAT IS THE REAL TRUE.

WHAT DO YOU THINK?

THEY HAVE THE TRADE BY TRADE LIVE ACCOUNT WITH FXDD,,,SO DO I BUT LAST THURSDAY THEY HAD SOME GAINS AND I HAD SOME LOSSES.

WHAT IS YOUR OPINION?

Other than that big loss last week mine has been doing ok
But the reality is it does not trade in all conditions.
It trades the asian market and nothing else.
So they were not very honest about it trading in every market condition.
Now I would not want to run it outside the asian market, it will die if you do.

limitup · #18 06-10-2009, 11:37 PM

Look at the bright side...you could be trading soybeans and loose it all in one day Doh!

Personally, I think MD is a loss cause.

Miksa · #19 06-11-2009, 01:21 AM

Quote:

Originally Posted by limitup

Personally, I think MD is a loss cause.

any real reason for that? MD was so far so good for me. 47% up.

limitup · #20 06-11-2009, 03:19 PM

Quote:

Originally Posted by Miksa

any real reason for that? MD was so far so good for me. 47% up.

You may very well be up 47%...but the fact remains that it is still to buggy. It can't establish correct auto GMT offset...and the big thing is that it detects the incorrect spread...thus, indicating spread to large to trade....no wonder there are very few trades

It is designed for 4 place pricing...it does not work well with 5 place pricing. One trade wipes you out if not watched. Hardly any updates anymore...not to mention the webinar that never happen.