Forex Megadroid Review
Forex Mega droid A Scam? – Let’s Find Out More About The ONLY Forex Robot on the Market with 95.82% Accuracy.
Launch Date: Tuesday, March 31st 2009 – 9AM EST
Website Link: http://forex-megadroid.com
What Is The Forex Megadroid Robot?
The Forex MegaDroid robot is the result of many months of research, testing and development.
It is the best solution for those who want to trade the Forex market with the help of sophisticated software and little human intervention.
Forex MegaDroid has been designed such that the user needs absolutely no experience or knowledge of Forex trading – a “Plug & Play” concept.
The robot is the only product of its kind currently on the market boasting such accuracy: 95.82% winners since 2001
Now, I know these claims may seam too good to be true but they are.
Let’s take a closer look at the product and its creators.
The Creators of Forex Megadroid
This Robot was created by John Grace and Albert Perrie. Both very experienced forex marketers with a combined in-field experience of 38 years.
They have actually held very important positions in the Forex industry, mostly in currency trading rooms of commercial banks.
After leaving their day jobs, their sole mission in life has been to revolutionize the Forex industry… to create something never seen before.
And they have certainly done that by creating the forex megadroid robot.
How Does The Robot Work?
The forex Megadroid robot is RCTPA driven.
RCTPA stands for Reverse Correlated Time & Price Analysis.
It is the first robot that uses this new RCTPA Intelligence technology and strategy that places trades looking into the future with accuracy rather than into the past with hope (like all current robots do).
By creating this RCTPA technology, Albert and John have proven that IT IS possible to see into the immediate future with unheard of accuracy… they proved that anything and everything done in Forex until today is “the PAST”.
Ease & Speed of Use
Everything has been taken care of for the you.
Once you get access to the forex megadroid you’ll be up and running in just minutes.
The creators have included a pre-configured copy of MetaTrader in the download area with Forex MegaDroid already installed, allowing you to start trading the robot on a demo account with the minimum of fuss.
“Every Single Dollar Deposited Will Be AT LEAST Quadrupled”
Watch This “FRESH” Just Released Video of the Forex Megadroid Robot.
EDIT: due to technical problems we cant host the video here.
Please visit the main website http://forex-megadroid.com to watch it.
Forex Megadroid Cost
We’ve received lots of emails asking the price of the product.
Here it is:
$97
If you ask me, I’ll say it’s a Bargain.
Get More Information Here
The forex megadroid robot is set to change the way you make money with forex.
Can’t wait to get your hands on it?
Get more details here at the official website.
I wish you success in your forex trading.
Thanks for reading.
Rob
EDIT: CLICK HERE TO SEE A FOREX MEGADROID STRATEGY TESTER REPORT.
HOPE THIS CLEARS THINGS OUT REGARDING THE ROBOTS PROFITABILITY.
CREDIT FOR THE FILES GOES TO “THESECRET” If You See This Pal, Come Say Hi.
CHEERS
Tagged with: Forex MegaDroid
Oh sorry!!
Also I was using 20% risk, so lot size for both trades was around 1.8 ish!!
I turned auto recovery off and lowered the risk to 10% after the loses, and last night it made back 10 pips! So if i’d have just left it that 10 pips would have meant a much larger amount of money back than i actually got!!
Megadroid was good again last night,
Two trades, both long;
M15 chart for 12 pips profit and
H1 chart for 10 pips profit.
Let’s hope it keeps it up.
Good weekend fellas.
jerrycollie: three words for you: Virtual Private Server. I use ForexVPS and have had a great experience with them. If your connection goes down at your house, you just can’t see the terminal window, but at least you know your EAs are running properly on a high-capacity, low-latency commercial network instead of a consumer/home network. They also provide a control panel to auto-start your MT4 software instances if the VPS gets reboot on the weekend for security patches. I’m sure there are other VPS providers out there, but not many that cater to auto-traders like us.
mickey_p: I got hit on my three demo accounts on that big loss, but surprisingly, not on my two live accounts. Megadroid behaves differently on different brokers and differently between ECN and non-ECN brokers because the spread is much lower on ECN brokers. I strongly advise everyone to not run multiple charts. The robot runs two strategies (S1 and S2) the S1 strategy is the conservative one that runs on a 15 minute time frame (it doesn’t matter that you drop it on an H1 chart). The S2 strategy runs on a 5 minute time frame and is aggressive. I have run the robot since it launched and it has made a lot of money on live accounts and rarely loses. The one time I interfered with a trade cost me in two ways: 1) it immediately opened up a new position in the same direction and 2) the original trade I interfered with lost… and after the fact, if I had left it alone, it would have closed in profit. So, 99% of the time it really is best to leave it alone, but you can’t really predict when the 1% is upon you when you are in DD, so I leave it alone. Knowing that the robot does really well most of the time is an advantage when you are in DD. You can open up another position in the direction of the trade already in DD and get a better entry than the robot did. Just a thought.
MD can recover from what appears to be a bad trade most of the time, but not all of the time. SL can and will happen, but over time, the robot is very profitable on live accounts. I usually don’t watch the platform when FT and MD opens trades. I wait until 2300/GMT to take a peek.
I got the MD Pro version yesterday and am preparing to put it on my three demo accounts to see how it performs next week. The difference between MD Standard and Pro is that the Pro version expands the number of currency pairs it trades to EURUSD, EURCHF, EURGBP, and USDCHF.
I wish many PIPs to you all!
-david
Hi David,
We all thank you for the excellent advice!
I just wanted to say thanks to all of you guys out there giving us hints and tricks how to use the megadroid. I’ve been learning alot from all of you and dotting down notes so when I do purchase megadroid I’ll be more confident in trading. I have been with FXDD for 4 years in a mini account and I’ve lost close to $3,000 without any robots just using my own strategies but ended losing everything in my account. so now I am tempted in getting a robot and I heard alot of great news about Megadroid. Plus I wanted to ask if any of you have gone to forexcritic.com and heard about Jim he is offering his settings for $57 and I wanted to know if it is worth paying for his setting or not? So any advice would be awesome? thanks Jewels AZ
Hi Everyone,
After a 2 week vacation, Megadroid came back to work hard.
Here are my trades for last week.
July 13th Megadroid went short for the following wins:
1 minute chart: 22:42 to 23:52 GMT won 6 pips
5 min chart: 22:42 to 23:52 won 4 pips
15 min: 22:51 to 23:52 won 4 pips
30 min: 22:51 to 22:59 won 9 pips
1 hr: 22:51 to 23:52 won 6 pips
4 hr: 22;51 to 23:52 won 5 pips
Daily: 22:51 to 22:59 won 9 pips
July 14th Megadroid went short for the following loss:
Daily chart: 22:00 to 06:11 lost 52 pips
(I could have closed this one manually at a 13 pip loss).
The other charts did not trade.
July 15th Megadroid went long for the following wins:
1 min: 22:09 to 23:03 won 10 pips
5 min: 22:21 to 22:58 won 10 pips
15 min: 22:22 to 22:58 won 10 pips
30 min: 22:20 to 23:03 won 10 pips
1 hr: 22:22 to 23:02 won 10 pips
4 hr: 22:23 to 22:50 won 10 pips
Daily: 22:23 to 22:58 won 10 pips
July 16th Megadroid went long for the following:
1 min: 22:04 to 01:27 lost 5 pips (Closed manually)
5 min: 22:04 to 01:26 lost 5 pips (Closed manually)
15 min: 22:04 to 22:04 won 11 pips
30 min: 22:04 to 22:04 won 10 pips
1 hr: 22:04 to 22:04 won 10 pips
4 hr: 22:04 to 22:04 won 10 pips
Daily 22:04 to 22:04 won 11 pips
Interesting that the winners were in and out of the market in less than a minute. The losers somehow failed to close in time. Maybe they tried and got an error message from the broker.
The loss I let run ate up 52 pips. The 2 losses I closed manually lost only 10 pips total.
That leads me to the following strategy on when to close manually:
1. The trade is loosing and the loss is growing.
2. The trade has continued past the normal closing time limit of 24:00 GMT.
3. I check the chart and it looks like the trend is against the trade.
So I take my loss and close the trade manually by clicking on the eurusd symbol, then clicking on the big yellow close bar. I take a loss of 5 to 15 pips; but Megadroid will pay me back tomorrow.
Hi Jewels,
I don’t know if Jim’s settings are worth $57 or not; but if you want settings, I can post mine for free. What you really need are Calvinxs’ settings. He almost never looses.
I have run Megadroid long enough to believe it will make you money. The problem is we start out with a small lot size. Every time we win, we increase the lot size another notch. Finally when Megadroid looses, we are of course at our highest lot size. This makes it look like Megadroid is a looser. Instead of measuring Megadroid by dollars or pounds, just keep track of the pips you win and loose. If you are winning more pips than loosing, then Megadroid is a winner. So far I have won more pips than I have lost.
Hi Everyone,
Jewels has brought up the subject of settings for the Megadroid robot, wondering if it was worth $57 for someone else’s settings. I don’t think so. The settings are simple. I think we discussed settings before; but for the new traders, let’s go through it again, using my settings for an example:
We go to the robot’s property settings by left clicking on the smiley face. Clicking on the common tab, we see 4 little boxes that need to be checked to activate the robot:
Checked: Enable alerts
Checked: Allow live trading
Checked: Allow DLL imports (DLL is the Megadroid library file)
Checked: Allow import of external experts (Import Megadroid)
Click on the Long & Short button. If the trend is up, I set it to Long only. If the trend is down, I set it to Short only. If the trend is sideways, or I cannot tell, I set it to Long & Short.
Now click on the inputs tab:
Version: 1.11
Stealth: true (We don’t want the broker to know our true stops).
Aggressive: true (As long as Megadroid is winning. If Megadroid starts loosing more than it is winning because the broker raised the spread, then reset this to false).
GmtOffset: 0.0 (The offset for IBFX).
(This is an important setting. Make sure you set it right. It is your broker’s time, not your local time. Find your broker’s time in the Market Watch Window of your MT4 trading platform. Compare that time with the current GMT time to get your offset).
AutoGmtOffset: false (Set this to true, if you don’t know your broker’s offset. Auto GMT could make a mistake. If Megadroid is opening trades outside of its normal time of 21:00 to 23:00 GMT, or if Megadroid never trades, then your GMT setting is probably wrong!).
S1_Reference: 38928338 (This is a radom 8 digit magic number).
S2_Reference: 20392092 (A different random number).
(All reference magic numbers must be different for every robot you are running. The reference number allows the robot to keep track of its trades, separate from other robots’ trades or manual trades).
Receipt Code: (This is your ClickBank receipt code you got when you bought Megadroid. It will appear on your credit card account, if you lost it. Keep a paper copy of this code in a safe place.)
Top Padding: 1 (This spaces the printing on your chart).
Left Padding: 0 (This spaces the printing on your chart).
Slippage: 3 (This allows the trade to open or close outside of the current price. 3 is conservative. It could be set much higher to allow a trade to close faster. Some robots are set at 16).
Send emails: false
LotSize: 0.0 (Set this number if you don’t want the robot to use a percentage of your account.
RiskLevel: .7 (This number, if not set to 0 will over-ride the number in LotSize. If I am not mistaken, .7 risks about 7% of my account. Since I run 7 robots on 7 different time charts, each robot is actually set at RiskLevel .1)
(RiskLevel is probably the most difficult to set; since each trader has a different risk tolerance. Most professionals say to set RiskLevel at .5 or 5% of your account. Some Fapturo people say to set it at 10, 20 or even 30% of your account. This is risky! Three losses in a row at 30% would almost wipe out your account. The idea of 5% is to get rich slowly, but safely).
RecoveryMode: false
(If RecoveryMode is set to true, then Megadroid will double the lot size on the next trade. This is risky! This is a form of pyramiding, or a strategy called Martingale in robots. There are Martingale robots which double the lot size every time they loose a trade. This strategy always ends up eventually blowing up the account!).
Well that’s it for setting Megadroid V1.11; it is not very complicated compared with some other robots like GT-Shadow.
Hi Rob,
Thanks for the beer. Next time I am down at the tavern, I’ll tell the bartender to put it on your tab!
Hi all
David, I do agree with you about investing in a VPS. I just heard that Forex.com give you a free VPS if one opens a $5000+ account. However I decided to close my Forex.com account a week ago because I really don’t see the need to have more then forex account – The one I’ve got with Alpari I’m really happy with and I’d recommend them to anyone (they also gave me a 5% credit when I opened my account with them!) I would advise shopping around however, as far as hosting companies are concerned, I got a reasonably good deal VPS for only $24.50 p/mth with “3essentials” (quite a bit cheaper then VPSforex).
Interesting, last Friday I started experimenting with a few EA’s on my demo account (which I only switched on for a few hours at a time during the day when I happen to be online) and almost immediately they started trading the EUR/USD. Anyway, I definately wouldn’t have open a live trade manually at that time using my trend indicators so I thought, what the heck – let me go with the flow and I opened a live trade (used a very small lot size as it was an experiment) at more or less exactly the same time – and “hey presto” I made a gain of 30 pips! Obviously the robots are designed to smell out sudden trend moves and I’m going to keep testing them on that basis next week – will let you all know how it goes.
I was actually starting to lose money on my live trading account. I was $70 down at the start of last week – now I’m $30 up (that’s a gain of $100 for the week) so I must be starting to do something right!!
rgds to all
Nigel
please do
Hi Jerrycollie
Win loss data and the MD settings is very well done
This is some thing I have been looking for. I am a newbie.
Thanks for sharing this info.
Hi Jerrycollie,
Thank you so much for taking the time and explaining the MD settings
for us newbies. This is an awesome blog where you guys help each other instead of making money off your personal settings. I appreciate that and you have a nice day. Jewels
Hi Calvinxs,
Hope you are having a great day, I hope you don’t mind me asking but I heard you have some of the best settings out here and I was wondering if you don’t mind sharing them with us or give us a head start? It is very rare when you loose and that is awesome. Well, hope I didn’t ask for too much? thanks Jewels AZ newbie
Hi Nigel,
So your robot traded when you normally would not have jumped in. This is an example of what is called the “Odd Lot Theory”. It says when small traders are buying (odd lot sizes), large traders are selling; in other words, the public is always wrong. Strangely enough, this theory works.
What causes it? Well, the small trader gets in too late, chasing the price for one thing; or the small trader is scared and stands aside, watching the price skyrocket. In short, the small trader takes either too little risk, or takes too much risk after the price has already topped out.
So if you are trading manually, after you think you know which way the price is going, always stop and consider the contrarian view: maybe the price is about to reverse.
Hi Jewels,
No problem, my settings are:
Stealth – true
Aggressive – true
GMT offset is +2 (with Alpari UK)
Autogmt – true (although I do check the time every Sunday night)
Slippage – 5
Risk level – 0.3 (30%)
Recovery mode – FALSE!
Nearly default settings.
With regard to Lot sizing I am very consistent and amend this the most. I keep it in proportion to my balance:
ie £/$ 2000 is 0.2
3500 is 0.35
6700 is 0.67 etc
Hope this helps. Seems too simple I know.
But, the fact speaks for itself that I have only has one losing trade (of 2 pips) since purchasing Mega when it was released.
(Touching wood, crossing fingers now in case I jinx myself
)
Good trading buddy.
p.s.
I also changed those S1 & S2 reference numbers every week just in case.
And like Jerrycollie I run multiple charts – H1, M15 and M5.
I have never got a trade on M5 so may ditch it, but do catch the occassional on M15 while H1 sleeps. Weird huh!
Hi Everyone
This look to be a great forum for discussing Megadroid. I have scanned through all of these messages and have ensured that everything is set-up exactly as discussed. My only issue is that I do not have a message in the chart window saying ‘Ready’ or ‘Waiting’. I just have a message saying ‘Authenticated’, so other info, and series of messages that continually scroll through ‘Determining Direction’, ‘Reviewing Price Range’ etc. in a never ending circle.
When I look at the log file, there is a message that says:
Safe spread limit exceeded: spread = 55
If someone could offer me advice on what this means and how to fix it, that would be greatly appreciated.
Thank you,
John.
My broker is going to 5 decimals instead of 4. What changes do I need to make in my settings? Can anyone help me out? I’m pretty new at this.
Thanks.
Hi Chris,
I have not had to deal with your problem; but elsewhere, in pipcop, I read that one must add a zero to all of the settings in the robot’s property page, or more correctly, multiply by 10. For example, Slippage = 5 becomes Slippage = 50. Since Slippage, LotSize, and RiskLevel are affected in Megadroid; I suggest multiplying your slippage by 10, or add a zero. Leave your LotSize or RiskLevel the same. After Megadroid trades, you will be able to see the lot size of the trade. If it is too low just adjust it up proportionately. There is also the question of whether or not your GmtOffset needs to be multiplied by 10. If Megadroid opens trades outside of 21:00 to 23:00 GMT, or does not trade at all, try multiplying your GmtOffset by 10. With other robots there are probably going to be more settings which need to be multiplied by to. If your GmtOffset is 0 then there should be no problem. Good luck!
Hi Artic8,
First of all you implied you received this message while running Megadroid, is that correct? I suspect the problem is the one discussed in my previous entry. Is your broker running on 4 decimals or 5 decimals? I suspect your robot is confused. Most likely the spread of 55 pips is actually 5.5 pips. If you set your robot to 4 decimals and your broker is running on five decimals, then your robot will read 5.5 pips as 55 pips.
So it gets rather complicated and we may have to ask the developers how to convert to 5 decimals. Maybe Ron can help us.
Ron, are you there? How do we convert to 5 decimals?
Hi calvinxs
Thanks for sharing your settings and have a great night, and happy trading for you as well Good Luck to all.
For FXDD Traders or anyone else that knows them very well,
I was wondering if MD would only run with their MetaTrader 4 software or any of the software’s they provide because I only have the regular FXDD Trader software? Is that going to be an issue for me? please let me know
thanks Jewels newbie
Hi Jerry
Thanks very much for your reply Jerry. Yes, I am running Megadroid.
My broker used 5 decimals. According to the MD documentation, this is automatically accounted for. I haven’t had an “exceeded spread” message in my logs for a few days, so I think it’s OK.
My only remaining question regards the failure to trade. According to the documentation, it may to 48 hours before doing anything. I’m just wondering if the last message in the chart window should be ‘Connection Detected’, as I have. Other posts here say that it should say something like: ‘waiting’ or ‘ready’. Is that correct for version 1.11?
Thanks again.
Regards,
John.
Hi again Artic8,
After reconsidering the matter, I don’t think you have a real problem. I think you have a 5 digit broker and Megadroid is reporting a 5.5 pip spread as 55. Since eur/usd usually trades at 1.8 to 2 pips, Megadroid is probably waiting for a lower spread, which on a 5 digit broker would be reported as 18 to 20. If you are on a 5 digit broker, be sure to set your Slippage setting 10 times higher, such as 50 or so.
Has anyone tried the forex humanoid ea?
Hi folks
Also remember that MD won’t trade (will give you error messages) if:
Using to high lot size in regards to your leverage and or your account type (I just received error messages while using Alpari UK live on a Micro account because i used more than 2 lots, which is the limit for micro account)
So you have to have enough leverage and a classic account (for alpari UK) to have MD trade both the S1 and S2 strategies in regards to your risk level.
MD will automaticly adjust for 5 decimals.
And one more thing it doesnt matter if you use more charts with etc. 5m, 15m and 30m, just make 3 charts on the 1h will do the same.
As David says, “The robot runs two strategies (S1 and S2) the S1 strategy is the conservative one that runs on a 15 minute time frame (it doesn’t matter that you drop it on an H1 chart). The S2 strategy runs on a 5 minute time frame and is aggressive”
I use two 1h charts just to spread the risk.
I have also been using MD since launch on a live alpari uk account and made a spreadsheet to keep track of its performance and at the moment it is at 97,73% wins (1 stoploss out of 44 trades), first trade on the 24.mars and the last one 17.july, a total of 317 pips gain.
Using 30% risk. If you are hit by a SL, it only takes 4 winning trades with the same risk (not increasing the lotsize) to be back where you was before the SL
Turn of recovery mode.
PS! I am testing the ForexMonster at the moment and it looks good.
Kev
Hi Artic8 (and jerrycollie),
I am with a 5-dgit broker (Alpari UK).
I haven’t had to change any settings as the software seems to take care of this.
On meta4 screen, where it shows the spread – it shows ‘18(1.8)’
so you know it is taking the 5-digits into consideration.
The only question I never got answered from the droid folk was whether I needed to amend my slippage.
I never have, it is at 5 (not 50) and as you know, my trades have been working and good (when Mega isn’t taking a long snooze that is). In fact, not amending it may have protected me from some of the losing trades which others have experienced.
Perhaps it sees my slippage as being ‘tight’ rather than ‘loose’.
’scuse the innuendo!’
Hope this helps.
Hi Kev,
Thanks for the info.
Hi Calvinxs,
Thanks for the info on 5 digits.
I have been running on a slippage of only 3 pips. This may have been the cause of my numberous losses. Perhaps MD has tried to close a trade, but has been unable to close because the price was moving too fast and my 3 pip slippage was not large enough.
Hi Everyone,
There has been a lot of worries in cyber forex space about the new FIFO rule from NFA, which comes into effect on August 2nd when the currency market reopens. The NFA (National Futures Association)is the futures and forex governing body in the US. NFA has ruled out hedging, that is maintaining both a long order and a short order in the same pair at the same time.
FIFO (First In, First Out)goes a step further by ruling out maintaining more than one order in the same pair at the same time. Under FIFO there will not be separate orders, all orders will be consolidated into one position. Naturally this will make it difficult to maintain stop loss points and take profit points, although the robot can maintain virtual stop loss and take profit points; but if the Internet connection fails, there go the stops! It will also make it difficult for two robots to run on the same pair. One robot might go long making a long-term trade, which immediately gets cancelled by another robot going short for a short-term trade.
Since the no Hedging and FIFO rules only apply in the US, if your broker is elsewhere, you should have no trouble. If you have a US broker who can move your account overseas, then do so. If your broker is IBFX, you should have no problem; since IBFX will maintain your consolidated position in its back office, and allow you to continue trading on your MT4 platform as though nothing has changed, except for no hedging. Your robots will still function. The difference will show up on your daily and monthly statements.
In the future, starting this fall, the MetaTrader5 trading station will come on line. MT5 will not allow hedging and will be FIFO compliant; that is each currency pair will only have one position, instead of several possible separate orders. It will do no good to have an overseas broker; since the overseas brokers will also be using the MT5 trading station. However, I expect most brokers to run both MT4 and MT5 in parallel. Eventually, I immagine MT4 will become obsolete. The MT5 trading station will also handle futures and stocks. MT4 robots are supposed to be able to run on MT5; but I doubt it; since most robots are not FIFO compliant. Any FIFO compliant MT4 robot will probably run.
Isn’t it nice to have NFA looking out for us traders?
Hi Chris
I just bought the Forex Humanoid, going to give it a try.
Hi all
Guys, most of the robots are being live tested by FPA (forex peace army) Some interesting results. You can check out their website anytime – “EA tests” I see that the Humanoid is doing quite well. I’ve been testing the Robominer on and off with fairly poor results on EURCHF. Is the new MD out that works on all or most trading pairs?
I’ve just about got my VPS going so I’m serious going to start testing robots using my Alpari demo account. I’ve decided to pump another $2000 into my live account as they are offering 10% extra trading credit on your whole account balance!
rgds to all
Hi Kev,
Frequently when I change time frames I get a blank screen with the message “Waiting for update”. Since as you say Megadroid is working off of the 5 minute and 15 minute time frames; it seems prudent to keep a 5 minute and a 15 minute chart up and running in order to make sure the Metatrader 4 platform is constantly updating the 5 and 15 minute charts for the benefit of Megadroid.
MD has gone into hibernation almost a week
Hi Chris:
I just got the Humanoid, and immediately it did 2 trades with a profit of $30 and $75. Looks good so far.
I will keep Megadroid and the Humanoid in my Live account.
Hi Chris
I also just bought the Forex Humanoid
It trades between 23:00-09:00 GMT so will se how it does tonight
Kev
Hi Everyone,
I have a question in order for MD to work on my forex account with FXDD I have to be using metatrader 4 platform? or as long as its a regular forex trading platform it should work? Any advice anyone?
thanks Jewels
Hi Lateef,
Good luck with Humanoid. I think we are all interested to find out which EA’s are successful – or not.
Can I just ask that you give us the results in terms of ‘pips’ made or lost as we all have different amounts of cash in our accounts so it is difficult to tell otherwise.
Good trading. Mega was sleeping again this week.
Have a good weekend guys.
Thanks fellas. I’m just getting started with MD and have been getting a bit fussed over what are “good” settings. You all are great! Scrolling through your discussions has taught me SO much. Wish you all well!
Doc
Hi guys,
A new user of MD and still going through the manual and reading about it etc.
I do have one immediate question though..
Jerry, you mention to set the risklevel to 0.7 for 7% exposure, but then Calvin mentions 0.3 which he considers 30% exposure?
If you could just clarify that for me, much appreciated.
Thanks.
Hi John W,
I think the descrepancy is that I am live on IBFX on 4 digits, while Calvinxs is running on 5 digits. When in doubt, start with the lower RiskLevel and see what lot size Megadroid uses; then adjust RiskLevel up, if necessary.
To figure it out mathematically, Megadroid has lost as much as 59 pips in a trade for me. So if Megadroid wins a 10 pip trade for you, then figure Megadroid could have lost 6 times as much. S
Hi AussieDoc,
Don’t use my Slippage setting of 3 pips. I think it was the cause of some of my losses. Use Calvinxs’ setting of 5 or larger. The instructions for Maestro suggest a large Slippage setting; so that the robot can get out of a trade fast when necessary. I have since reset my Slippage to 10 pips.
Hi Lateef,
Congratulations on your Humanoid wins!
I am hoping you can help me out. I have downloaded Humanoid.zip; but I cannot get it to unzip using my 7-Zip.exe or j-zip.exe file. I get a message saying “Unkown format”. So can you tell me the name of your unzip file you used to open up your Humanoid.exe? I tried to contact info.humanoid.com to find out which Zip file they used; but so far to no avail.
Hi again Lateef,
I went back and downloaded Forex Humanoid a second time; and was then able to unzip it with jzip.exe; so my first download was somehow corrupted. Thanks anyway. Good luck for next week!
Dear People,
I am about to lose my job, and forex MD intrigues me, I have never traded on the Forex before,I realise I am just another newbie but we all have to start somewhere. Please give your honest opinion on what you think about a complete newbie obtaining and working the MD, I would be most grateful for your feedback, its so difficult to get honest advise without someone trying to flog you something.
Best Regards to you all. Alan
Hi AlanR,
I believe Megadroid is profitable, and you don’t need any experience because the robot does the thinking for you; but I would not quit my job. The purpose of a robot is to allow you to work at your job; then come home and see how much money the robot made for you. Then you go to sleep and wake up to find out how much money the robot made while you were asleep. Eventually, after the robot has put a couple million in your trading account; then you can quit your job. Keep in mind most traders loose money in Forex; even most professionals eventually blow up. Only trade with money you can afford to loose.
P.S. My Megadroid did not trade last week. I think he went on vacation to Paris with the Euros he earned the previous week.
Hi Jerrycollie and Hi to all!
Thanks for your interesting comments on the small traders vs the big boys!
I had rather more mixed results th the robots last few days. Robominer not too good. V force opens trades in the wrong direction and BT_V4 doesn’t work at all.
Anyone tried the MD pro version that works on 4 pairs?
Rgds to all
Nigel
Hi jerrycollie
I had no problem opening up the zip file. I am using windows vista home premium. What is your opering system once it is opened
just put it in the experts folder openup EURUSD 1H chart and drag the Humanoid EA to the chart. I had no problem.
Now they are selling the Humanoid EA for half price $47
hi guys, do you think the new NFA rule in US will affect the operating of Megadroid? I’m currently using FXDD. FXDD claims that they have the solution and are prepared for the new rule. Will wait and see how it goes. Cheers.
Hi Everyone,
I was just wondering what do you think of the humanoid and what type of trading platform does it use? is it better than Megadroid? Any advice is appreciated thanks Jewels