Australian (ASX) Stock Market Forum

Forex MegaDroid EA - streaming live forward tests

Jump to new
"Have you found a way to limit the loses when they do occur?"

Yep stop sending your money to Nigeria.
 
sleepy said:
Hi Norm,

Didnt realise the megadroid had its own thread so added your last comment here.. was your testing based on manually changing the inbuilt settings cf to the default settings. Or have you made changes to the actual underlying code ... if so how are you accessing the code?

From reading comments posted elsewhere and reviewing a number of live/demo accounts it appears to be scalping the Eur/USD across a 2 hour window for 10-15 pips at a time. Yet giving back (infrequently admittidly) 30-90 pips when it loses.

e.g., http://jacobalpari.mt4stats.com/

Which when you think about it ...is completely opposite to the adage of "letting your profits run/cutting your loses short".

Have you found a way to limit the loses when they do occur?

sleepy :)
Click to expand...

pretty much changing the underlying code. tweeking it, adding in some extra goodies and changing the settings gives quite a different beast to the original.

yeah, its opposite the usual advice, but over the very long term its shown through testing to perform well, and i have found it perform well going forward as well.

and no, i havent found a way to limit the losses. just have to be prepared for the occasional loss. part of the game.
 
Thanks Norm,

When I said "limit the losses" I didnt mean eliminate them all together ...
I meant as in reducing the Average Loss i.e., from say 30-90 pips to 10-25 pips.

sleepy :)
 
beamstas said:
do any EA's actually work over a period of time without blowing up?
So far all the ones i've seen have blown up

Stormin how is yours going at the moment?
Click to expand...

There is a guy on forex factory, I think his user name is Ronald Raygun. He has created 37 different EA's and uses them at various time. Guy is only 22 and works for Royal Bank of Scotland on their Currency trading desk.

http://www.forexfactory.com/showthread.php?p=2902648#post2902648

So yeah, people can make money from them but you need to know which EA suits which market conditions.
 
Stormin_Norman said:
pretty much changing the underlying code. tweeking it, adding in some extra goodies and changing the settings gives quite a different beast to the original.

yeah, its opposite the usual advice, but over the very long term its shown through testing to perform well, and i have found it perform well going forward as well.

and no, i havent found a way to limit the losses. just have to be prepared for the occasional loss. part of the game.
Click to expand...

Hi stormin,
Just wondering how your modified md is going. I found another modified md that allows you to set the trading time which is quite good. I can't seem to get it to trade on other pairs tho. I saw a mt4 stats site with it trading usd/jpy and it looked good. I can't seem to get it to trade on other pairs with gomarkets tho.
I would love to try yours if it works on other pairs.
Regards
 
Hi Norm,

Any chance of seeing the mt4stats for your modified megadroid. Would be interested in seeing its trades etc compared to the original megadroid.

sleepy :)
 
Top